Here is the Forbes list of Top 10 Billionaires of India updated as on May 2012. Checkout this list!!!

Mukesh Ambani

Mukesh Ambani, chairman and managing director of the Indian conglomerate Reliance Industries Limited (RIL), the foremost company of the Indian energy and materials conglomerate Reliance Group is on No. 01 position with a networth of US $ 22.3 billion.

Lakshmi Mittal 

Lakshmi Niwas Mittal is an Indian steel magnate. He is the chairman and chief executive officer of Arcelor Mittal, the world’s largest steelmaking company. According to Forbes List, Mittal  is on No. 2 position with a networth of US $ 20.7 billion.

Azim Premji

Azim Hashim Premji is an Indian business tycoon and philanthropist who is the chairman of Wipro Limited, guiding the company through four decades of diversification and growth to emerge as one of the Indian leader in the software industry. According to Forbes, he is currently the 3rd wealthiest Indian with a personal wealth of US$15.9 billion in 2012.

Savitri Jindal

Savitri Jindal is an Indian steel baroness, the wealthiest woman in India. She is the non-executive chairperson of O.P. Jindal Group, and member of the Haryana Vidhan Sabha, (Legislative Assembly) MLA. She also served as a Minister of Power in the Government of Haryana until 2010. She became the chairperson after her husband, O. P. Jindal, died in a helicopter crash in 2005. In 2012, Savitri Jindal is listed by Forbes as India’s 4th richest woman having net worth of $10.9 Billion.

Sunil Mittal

Sunil Bharti Mittal is an Indian telecom mogul, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises. In 2007, he was awarded the Padma Bhushan, India’s third highest civilian honor. According to Forbes, he is currently the 5th wealthiest Indian with a personal wealth of US$ 8.1  billion in 2012.

Kumar Mangalam Birla

Kumar Mangalam Birla is an Indian industrialist and the Chairman of the Aditya Birla Group, one of the largestconglomerate corporations in India. He is also the Chancellor of the Birla Institute of Technology & Science. According to Forbes, he is currently the 6th wealthiest Indian with a personal wealth of US$ 8 billion in 2012.

Anil Ambani

Anil Dhirubhai Ambani is an Indian business magnate. He is the chairman of Reliance Anil Dhirubhai Ambani Group, one of the largest private conglomerates. According to Forbes, he is currently the 7th wealthiest Indian with a personal wealth of US$ 7.8 billion in 2012.

Dilip Shanghvi

Dilip Shanghvi is the chairman of Sun Pharmaceuticals. He started Sun Pharmaceuticals in 1983 and it is currently the fifth-largest drugmaker in India. Shanghvi is estimated to be worth $ 7.4 billion as of 2012 by Forbes, and was ranked as the 8th richest person in India.

Shashi & Ravi Ruia

Ravikant Nand Kishore Ruia is the Vice-Chairman of Essar Group (founded in 1969 by Ruia and his brother Shashi Ruia), and is a recipient of the Business India Businessman of the Year Award 2010. In 2012, Forbes named Brothers Shashi and Ravi Ruia as the world’s 9th richest Indians with a net worth of US$ 7 billion.

Kushal Pal Singh

Kushal Pal Singh Teotia or K.P. Singh is an Indian real estate mogul and the chairman and CEOof DLF Limited, India’s largest real estate developer. He stands at 10th position in the Forbes’s list of India’s  richest people, released in 2012, and has a personal wealth of $ 6.4 billion. His autobiography, named ‘Whatever the Odds: The Incredible Story Behind DLF’, was launched by Jack Welch in 2011.

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