Get A Spectacular List of the Richest Man in Goa in 2025

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.

Here is the list of Richest Man in Goa-

Top 10 Richest Persons in Goa – 2025 Summary

Rank	Name	Net Worth (₹ Crore)	Industry	Business/Role	Key Highlights
1	Shrinivas Dempo	₹1,800 Cr	Mining, Shipping	Chairman, Dempo Group	Third-generation industrialist; diversified business portfolio including shipbuilding and media ​.
2	Padma Chowgule	₹5,000 Cr	Mining, Shipbuilding	Chairman, Chowgule & Co.	Business legacy from 1916; diversified interests include education and salt exports ​.
3	Vijay Chowgule	₹5,000 Cr	Ports, Construction	Business Leader, Chowgule & Co.	Manages family business segments including port agencies and construction ​.
4	Pallavi Dempo	₹255 Cr	Media, Real Estate	Executive Director, Dempo Industries	Known for media influence and real estate ventures ​.
5	Dattaraj Salgaocar	₹2,000 Cr	Education, Sports	Owner, FC Goa & Sharda Mandir	Business magnate with notable contributions to sports and education ​.
6	N. S. Bandekar & family	₹1,500 Cr	Mining, Hospitality	Owner, Bandekar Group	Engaged in mining, hospitality, and aviation, contributing significantly to the Goan economy ​.
7	Radha Timblo	₹1,000 Cr	Mining	Head, Timblo Pvt. Ltd	Widow and businesswoman overcoming challenges in mining; influential figure in Goa’s mining industry ​.
8	Ramnath Kare	₹800 Cr	Pharmaceuticals	Founder, DCI Pharmaceuticals	Renowned for contributions to pharma and education sectors ​.
9	Datta Damodar Naik	₹500 Cr	Bakery, Hospitality	Owner, Monginis Goa	Entrepreneur in hospitality and bakery sectors; socially active ​.
10	Edwin Castro	$1.6 Billion (~₹1,300 Cr)	Hospitality	Business Tycoon, Lottery Winner	Recently became a billionaire overnight; owns significant hospitality assets including Arjuna beach ​.

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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