The failed ice-maker
In third place is a second Malayali jeweller.
If Kalyanaraman forayed into the jewellery business with a Rs 75 lakh investment in 1993 in Thrissur, MP Ahammed ventured into gold with about Rs 50 lakh in Calicut (Kozhikode) again in 1993.
Boasting filmstars Mohanlal, Suriya, Kareena Kapoor, Hema Malini, music composer Illaayaraja among its brand ambassadors, Malabar Gold and Diamonds claims to have over 1600 investors and zero debt.
Ahammed's first venture was an ice-making factory in 1979. He also tried his luck selling copra and spices after that, but it was with gold that he went on to prove his true mettle.
Net worth: $1 billion
Image: Malabar Gold and Diamonds chairman MP Ahammed can be seen to the immediate left of brand ambassador Kareena Kapoor.
Image Courtesy: MP Ahammed