Richest Man in Goa
Goa, a popular tourist destination is the smallest state in India. Tourism is the main driver for its economy after which mining comes. Agriculture is also important but it is only the third largest after tourism and mining. Panjim and Vasco da Gama are the two main cities with Vasco being the largest. In this post, we’ll look at the richest people in Goa.
Table of Contents
Here is the list of Richest Man in Goa-
Top 10 Richest Persons in Goa – 2025 Summary

Shrinivas Dempo – Industrial Scion
Shrinivas Dempo leads the Dempo Group, an influential conglomerate in mining, shipping, and media. As a third-generation industrialist, he actively supports education and sports initiatives in Goa.
Padma and Vijay Chowgule – The Diversified Business Leaders
Padma Chowgule manages Chowgule & Co., a century-old enterprise with diversified assets in mining, shipbuilding, and education. Vijay Chowgule, his elder brother, handles key operations including port agencies and construction chemicals.

Pallavi Dempo – Media and Real Estate Powerhouse
Pallavi is the face of media ventures and real estate development within the Dempo group, expanding the family’s reach beyond traditional industries.
Dattaraj Salgaocar – Sports and Education Patron
Owner of FC Goa and renowned educational institutions, Dattaraj blends business with philanthropy, supporting Goan youth through sports and learning.

N. S. Bandekar & Family – Legacy in Mining and Hospitality
The Bandekar Group thrives in mining and hospitality, exporting iron ore globally and enriching Goa’s tourism industry.
Radha Timblo – Empowered Mining Businesswoman
Widow of mining magnate Satish Timblo, Radha continues to lead the family business amidst challenges while remaining a prominent female leader in the sector.
Ramnath Kare – Pharmaceutical Innovator
Founder of DCI Pharmaceuticals, Kare has contributed significantly to healthcare and charitable causes in Goa.
Datta Damodar Naik – Hospitality and Social Advocate
Owner of Monginis Goa, Naik combines entrepreneurship in bakery and hospitality with social activism and writing.
Edwin Castro – The Hospitality Billionaire
Emerging as one of Goa’s newest billionaires, Edwin Castro’s hospitality ventures include prized assets like Arjuna beach resort, marking him as a key player in the luxury hospitality sector. of the Supreme Court raped her for engaging in illicit mining. She was purportedly running a mine that was leased to a person who had immigrated to Pakistan and passed away there.
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FAQ
Who is the richest man in Goa?
Padma Chowgule
 
			 
					






