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Top 10 richest men in assam in 2023

Fortune Favours the Brave: The Rise of Assam's Wealthiest Men


Currently, here is a compilation of the wealthiest individuals in Assam - a state located in the northeastern region of India. It is positioned south of the eastern region of the mountainous Himalayas, and the Brahmaputra and Barak River valleys flow through it. With a land area of 78,438 km², Assam is quite a sizable state. It shares its borders with Bhutan and Arunachal Pradesh to the north, Nagaland and Manipur to the east, and Meghalaya, Tripura, Mizoram, and Bangladesh to the south. West Bengal is also located to the west.

Assam has two traditional industries, Assam tea and Assam silk, which provide significant economic support to the state's residents and contribute to the state's revenue generation. It was also the first location in Asia for oil drilling. The state boasts a rich natural environment, including several endangered species such as the one-horned Indian rhinoceros, pygmy hog, wild water buffalo, tiger, and Asian elephant, making it one of the few remaining wild habitats for these animals. Additionally, the region is home to a variety of Asiatic birds.

Who are the individuals capable of triumphing over this untamed terrain and reaping a fortune from it? Come along with us as we unveil the top 10 richest men in Assam.

Top 10 Richest in Men Assam

  • 1. Dipankar Dutta

Dipankar Dutta, who is considered to be the wealthiest person in Assam, is the Founder and President of CEC. This society was established to bridge the gap in information technology skills acquisition in Assam and offers various training courses in fields such as computer education, fashion designing, interior decorating, journalism, and management.

Moreover, CEC goes beyond providing education by offering recommendations and utilizing its extensive clientele base to help students secure employment. The institute boasts of offering 30 diploma courses and 26 short-term courses, and has trained more than 300,000 students, out of which approximately 150,000 have reportedly been placed in jobs.

  • 2. Shyam Kanu Mahanta

Regarded as a highly motivating and accomplished entrepreneur in Northeast India, Shyam Kanu Mahanta serves as the managing director of MMS Advisory, one of the largest advisory firms in the region. Additionally, he holds the position of chief functionary at Trend MMS, an organization that hosts various events including Srimanta Sankaradeva Movement, Samannay, North East Festival, and Rongali.Shyam Kanu Mahanta is known for his expertise in the culinary field, with a keen eye for presentation and decoration.

  • 3. Sanjukta Dutta

Sanjukta Dutta, hailing from Assam in India, has established herself as a successful fashion designer with global recognition. She has showcased her designs at various renowned international fashion events and partnered with several prominent international fashion brands. Her remarkable achievements have earned her considerable wealth and widespread fame. She proudly represents Assam and publicly expresses her affinity for the region's fabrics. Her designs primarily draw inspiration from traditional fashion, making her a role model for aspiring young women in the fashion industry.

  • 4. Shree Alen Ahmed 

Shree Alen Ahmed is a prominent figure in Assam, serving as both the Chairman and Managing Director of Neha Builders and Wellmount Industries, the region's most esteemed construction and development company. He has been acknowledged as one of the wealthiest individuals in the area for more than a decade. After completing his education at the Don Bosco School in Assam, he abandoned his MBA studies to assist his father's cinema hall enterprise.

Alen Ahmed's father, the late Allaudin Ahmed, established and managed Guwahati's first movie theater, an impressive landmark situated on a vast 2-acre property. He created a total of four movie theaters throughout his lifetime, entrusting his heir with expanding the family business. Alen Ahmed went on to establish Neha Builders, which builds on his father's strong foundation to create a diversified contracting firm. Over time, Neha Builders has grown steadily and now boasts a turnover of over Rs.10 crores (1,310,000 USD) and a workforce of more than 100 full-time employees. For his contributions, he has been recognized by AREIDA (Assam Real Estate and Infrastructural Development Association).

  • 5. Mr. Kailash Lohia 

Mr. Kailash Lohia is a distinguished figure in Assam and a prominent businessman and industrialist in the North-East Region of India. With vast industrial and business experience, he has established the Lohia Group, which holds a leading market position in the region for the sales of galvanized sheets, as well as the manufacture of MS Ingots, bars, ferroalloys, and industrial oxygen.
Moreover, the Lohia Group has an extensive trading network and is the exclusive distributor in the North-Eastern region for renowned brands such as TATA GP/GC and Hindalco Aluminium Sheets. The group boasts an unparalleled marketing network and strategic partnerships, including franchise agreements with over 900 hardware and building materials stores across the entire North Eastern Region.

  • 6. Mr. Suresh Prithani 

One of the most prosperous individuals in Assam is Mr. Suresh Prithani, who ranks as the sixth wealthiest in the region. He has a long-standing partnership with Mr. Kailash Lohia, as well as being the head of Brahmaputra group, which is a prominent real estate development company in Guwahati, Assam. Mr. Prithani established the proprietorship firm Brahmaputra Consortium, becoming the first member of his family to enter the real estate industry, and as a result, can be referred to as a self-made multi-millionaire.
Since its establishment in 1987, the company that Mr. Prithani founded has grown into a substantial enterprise. In addition to building a Hydro Electric Power Project in Subansiri, the company has expanded into mining, successfully obtaining an order from North-Eastern Coalfields. Furthermore, the company is constructing its own industrial park, conforming to international standards, on 586.67 Bighas (approximately 122.50 acres) of land it acquired near NH31, Guwahati. It is evident that Mr. Prithani is one of the wealthiest individuals in Assam.

  • 7. Badruddin Ajmal. 

Badruddin Ajmal, who hails from the Indian state of Assam, is not only a member of the Indian Parliament from the Dhubri Lok Sabha constituency and the Supremo of AIUDF (All India United Democratic Front), but also an accomplished businessman. He serves as the chairman of Ajmal Group of Companies, which specializes in extracting oils and perfumes from plants and bottling and selling them for a considerable profit.

  • 8. Barooah Family

Hemendra Prasad Barooah, a distinguished Indian entrepreneur, renowned tea planter, and philanthropist, has passed away, and his family has taken over his tea business. They now lead the largest tea plantation and tea packaging company in Assam.

  • 9. Chokhani Prakash

Next on the list is Chokhani Prakash, the chairman of Mahadeobari Tea Co Pvt Ltd. A well-known tea planter in the Tinsukia district, Om Prakash Chokhani, owns four gardens in the tea-rich region, one of which has been labeled a mega-garden. His popular brand, Mahadeobari Tea, has gained widespread recognition and distribution.

  • 10. Tanushree Hazarika

Tanushree Hazarika, a young Indian entrepreneur, ranks as the tenth wealthiest person in Assam. Her primary focus is on media and communications in the north-eastern region of India. She holds the position of Managing Director at Eclectic Group and serves as the Publisher of the English magazine, Eclectic North-East. Along with being the founder of Tattva Creations, she has also established a non-profit organization, the Brahmaputra Foundation. Tanushree Hazarika pursued her education at Boston University and has a passion for traveling.

Closing On The Richest Man In Assam

Frequent visitors to this website likely understand that the economy of a region heavily relies on the natural resources available. Assam possesses fertile land that receives ample water throughout the year, leading to a thriving agriculture-based industry. In particular, tea growers and a prominent entrepreneur who produces perfumed oils from plants have emerged as dominant forces in the economy, potentially earning more revenue than all other businesses in the state combined. Therefore, the key takeaway is to identify a specialized market that can successfully adapt to the local environment before starting a venture.