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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

RankNameNet Worth (₹ Crore)IndustryBusiness/RoleKey Highlights
1Shrinivas Dempo₹1,800 CrMining, ShippingChairman, Dempo GroupThird-generation industrialist; diversified business portfolio including shipbuilding and media ​.
2Padma Chowgule₹5,000 CrMining, ShipbuildingChairman, Chowgule & Co.Business legacy from 1916; diversified interests include education and salt exports ​.
3Vijay Chowgule₹5,000 CrPorts, ConstructionBusiness Leader, Chowgule & Co.Manages family business segments including port agencies and construction ​.
4Pallavi Dempo₹255 CrMedia, Real EstateExecutive Director, Dempo IndustriesKnown for media influence and real estate ventures ​.
5Dattaraj Salgaocar₹2,000 CrEducation, SportsOwner, FC Goa & Sharda MandirBusiness magnate with notable contributions to sports and education ​.
6N. S. Bandekar & family₹1,500 CrMining, HospitalityOwner, Bandekar GroupEngaged in mining, hospitality, and aviation, contributing significantly to the Goan economy ​.
7Radha Timblo₹1,000 CrMiningHead, Timblo Pvt. LtdWidow and businesswoman overcoming challenges in mining; influential figure in Goa’s mining industry ​.
8Ramnath Kare₹800 CrPharmaceuticalsFounder, DCI PharmaceuticalsRenowned for contributions to pharma and education sectors ​.
9Datta Damodar Naik₹500 CrBakery, HospitalityOwner, Monginis GoaEntrepreneur in hospitality and bakery sectors; socially active ​.
10Edwin Castro$1.6 Billion (~₹1,300 Cr)HospitalityBusiness Tycoon, Lottery WinnerRecently 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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FAQ

Who is the richest man in Goa?

Padma Chowgule

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