⬅ # 724 Abdul Samad Rabiu|# 726 James Irsay ➡

# 725 Baba Kalyani 

$4.60B

Real Time Net Worth
as of 12/22/2024
$29.3M (0.64%)

# 725 Baba Kalyani 

$4.60B

Real Time Net Worth
as of 12/22/2024
$29.3M (0.64%)
OccupationChair and Managing Director, Bharat Forge
Source of WealthEngineering
Age75
ResidencePune, India
Marital StatusMarried
Children1
EducationMS, Massachusetts Institute of Technology
Age-Adjusted Net Worth$1.67B
Baba Kalyani
Baba Kalyani
India
Net worth: $4.60B

Self-Made Score 

Ternos Automatic Illuminated Analog Display with GMT Dual Time

Wealth History

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Biography

Overview

Baba Kalyani is the chairman and managing director of Bharat Forge, the flagship company of the Kalyani Group, known for being the world's second-largest forging manufacturer.
Bharat Forge, founded by Kalyani's father in 1966, specializes in making auto parts and components for aerospace, oil and gas, and defense sectors.
Under Kalyani's leadership, the Kalyani Group has grown to a $3 billion revenue enterprise.
Kalyani has diversified the group's portfolio, including collaborations for air defense systems and electric mobility solutions.

Early Life and Education

Babasaheb Neelkanth Kalyani was born on 7 January 1949 in a Veerashaiva Jangama family to Sulochana and Neelakanth Rao Kalyani in Pune.
He completed his high school education at Rashtriya Military School, Belgaum, and Dr. (Mrs.) Erin N. Nagarvala School in Pune.
Kalyani earned a BE (Hons.) in Mechanical Engineering from BITS Pilani in 1970.
He later pursued an MS degree at the Massachusetts Institute of Technology (MIT).

Career

Baba Kalyani joined Bharat Forge in 1972, eventually becoming its chairman and managing director.
He established Kenersys Limited to manufacture energy-efficient wind turbines and develop solar energy equipment.
Kalyani has been a member of SKF's board of directors since 2011.
In 2015, he announced a joint venture with Rafael Advanced Defense Systems of Israel for defense manufacturing in India.
He has received numerous awards, including the Padma Bhushan from the Indian government and the Commander First Class of the Royal Order of the Polar Star from Sweden.

Philanthropy

Baba Kalyani is the founder-chairman of Pratham Pune Education Foundation, established in 2000.
The NGO focuses on providing primary education to children from under-privileged sections of the local community.

Legal Dispute

Kalyani faced a legal dispute with his sister Sugandha and her husband Jaidev Hiremath over control of the chemical firm Hikal.
Sugandha and Jaidev accused Kalyani of trying to gain full control by increasing his group's stake in the company.
The Hiremaths hold approximately 35% of Hikal, while Kalyani holds 34%.
Kalyani dismissed claims about a 1994 transfer agreement, stating it was superseded by other family arrangements.

Baba Kalyani's Wealth is Equivalent to:

3,543,495 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

870,956 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

47,044 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Baba Kalyani?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Baba Kalyani's net worth of $4.60B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 67.72% compared to 25.94% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Baba Kalyani is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Baba Kalyani, Engineering is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey