# An Incredible List of the Richest Man in Indore as of 2026

URL: https://technosports.co.in/richest-man-in-indore-in-2024/  
Published: 2026-10-12  
Updated: 2026-10-12  
Author: Reetam Bodhak

***Richest Man in Indore as of 2026: All You Need to Know***

The largest city in Madhya Pradesh and the state’s center for information technology is Indore. We’ll examine the top ten richest persons in Indore in this piece. Madhya Pradesh is definitely one of the biggest states in India. In MP, the state has a gross domestic product of Rs. 9.17 trillion or US$110 Billion.

## **Here is the list of the Top Richest Man in Indore as of 202**6:

| Rank | Name | Estimated Net Worth (₹ Crore) | Industry | Business/Company | Key Insights |
| --- | --- | --- | --- | --- | --- |
| 1 | Vinod Agarwal | ₹9,500 Cr | Coal Mining | Agarwal Coal Company | Industry leader; assets increased by ₹2,400 Cr this year ​ |
| 2 | Shyamsunder Mundhra | ₹3,410 Cr | Renewable Energy | Ujas Energy | Pioneer in solar energy; second richest in Indore |
| 3 | Sunil Patidar | ₹3,400 Cr | Pumps & Motors | Shakti Pumps | Leading manufacturer of solar pumps |
| 4 | Vinod Jain | ₹1,700 Cr | Detergents | Shantinath Detergents | Important player in FMCG |
| 5 | Vinod Kumar Agarwal | ₹1,300 Cr | Construction | Agarwal Construction | Family diversified portfolio in construction and infrastructure |
| 6 | Dinesh Patidar | ₹1,280 Cr | Manufacturing | Patidar Group | Recognized for industrial growth in Indore |
| 7 | Sunil Chordia | ₹2,100 Cr | Real Estate | Real Estate Firms | Significant real estate developer |
| 8 | Vimal Todi | ₹1,500 Cr | Chemicals & Plastics | Uflex Ltd | Company specializing in flexible packaging |
| 9 | Nitin Agarwal | ₹1,300 Cr | Industrial | Agarwal Group | Business contributions to coal and energy sectors |
| 10 | Gaurav Anand | ₹1,000 Cr | Textile & Retail | Anand Group | Growing presence in textile manufacturing |

![](https://technosports.co.in/wp-content/uploads/2025/10/image-1700.webp)

## Vinod Agarwal – Coal Mining Magnate

At ₹9,500 crore, Vinod Agarwal is the richest person from Indore. He leads the Agarwal Coal Company, a dominant player in India’s coal industry, and has seen tremendous asset growth, reinforcing his status as a key industrialist.

## Shyamsunder Mundhra – Renewable Energy Leader

Mundhra’s Ujas Energy is spearheading clean energy adoption with solar solutions, ranking him second in Indore’s wealth hierarchy.

![](https://technosports.co.in/wp-content/uploads/2025/10/image-1701-1024x576.webp)

## Sunil Patidar – Solar Pumps Pioneer

Leading Shakti Pumps, Patidar has played a crucial role in advancing solar-powered irrigation, vital for rural India’s agriculture.

## Vinod Jain – FMCG Specialist

Jain’s Shantinath Detergents commands a substantial share in India’s consumer goods, reflecting his business acumen.

![](https://technosports.co.in/wp-content/uploads/2025/10/image-1702.webp)

## Vinod Kumar Agarwal – Construction Expert

Building on family legacy, Vinod Kumar has expanded his construction and infrastructure ventures, contributing extensively to Indore’s urban growth.management certifications from IIM Ahmadabad, IIM Indore, CII, GIZ, and BEE since he is a lifelong learner.

**Read More:** [Get A Magnificent List of the Top 10 Richest Men in India 2026](https://technosports.co.in/get-a-magnificent-list-of-top-10-richest-man-in-india-2024/)

## **   FAQs**

### Who is the Richest Man in Indore as of 2026?

Vinod Agarwal, Managing Director of Agarwal Coal Corporation Pvt Ltd, hails from Indore—the cleanest city in India—and is celebrated not only as the richest man in Madhya Pradesh but also as a significant figure among India’s wealthiest. His strategic vision and business acumen have propelled his company to national prominence, making him a top wealth creator and a powerful example of how regional success can translate into national recognition.

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