⬅ # 433 Don Vultaggio|# 435 Sudhir Mehta ➡

# 434 Samir Mehta 

$6.55B

Real Time Net Worth
as of 7/2/2024
$84.0M (1.28%)

# 434 Samir Mehta 

$6.55B

Real Time Net Worth
as of 7/2/2024
$84.0M (1.28%)
OccupationChair, Torrent Group
Source of WealthPharmaceuticals, Power
Age60
ResidenceAhmedabad, India
Marital StatusMarried
Children2
Age-Adjusted Net Worth$6.55B
Samir Mehta
Samir Mehta
India
Net worth: $6.55B

Self-Made Score 

Wealth History

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Biography

Overview

Samir Mehta, an Indian billionaire businessman, derives the bulk of his wealth from Torrent Pharmaceuticals, the flagship company of the Ahmedabad-based Torrent Group.
Torrent Group, founded by his late father Uttambhai Nathalal Mehta, is a multinational conglomerate with core businesses in gas, pharmaceuticals, and power.
Together with his brother Sudhir, Samir oversees the operations of Torrent Group, which includes Torrent Pharmaceuticals and Torrent Power.

Early Life and Education

Samir Mehta was born into a Gujarati Jain family.
He holds a master's degree from the B.K. School of Business Management.

Career and Business Ventures

Samir Mehta runs the pharmaceutical unit of Torrent Group.
Under his leadership, Torrent Pharmaceuticals has become one of the largest pharmaceutical companies in India.
He also has a stake in Torrent Power, which provides electricity in Gujarat and two other states.
In 2022, Torrent Group expanded into the diagnostics business with the establishment of Torrent Diagnostics.

Family and Succession

Samir Mehta's late father, Uttambhai Nathalal Mehta, founded Torrent Group.
He shares the management of Torrent Group with his brother Sudhir.
Sudhir's son, Jinal, oversees Torrent Power.

Philanthropy

In 2020, Torrent Group contributed 100 crore rupees to the PM fund to support the fight against the coronavirus pandemic.

Subsidiaries and Operations

Torrent Pharmaceuticals is one of India's largest pharmaceutical companies, with manufacturing plants in Gujarat, Himachal Pradesh, Sikkim, and Dahej.
Torrent Power is responsible for electricity generation, transmission, and distribution in Ahmedabad, Surat, Bhiwandi, Agra, and Kanpur.
Torrent Cables, acquired from Mahindra Electricals, manufactures up to 132KV XLPE cables.
Torrent Gas, a recent venture, operates in City Gas Distribution across multiple states in India.

How long would it take you to become as rich as Samir Mehta?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Samir Mehta's net worth of $6.55B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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

Samir Mehta 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 Samir Mehta, Pharmaceuticals and Power are the primary sources. 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.

Edited by: Lee Bailey