Goa, India's small state, is known for its serene beaches, night-life and culture. But Goa is also home to some of the richest people in India contributing drastically to the GDP.
According to the prestigious Hurun List, Goan industrialist Srinivas Dempo secured the 840th position with an impressive net worth of Rs 1,800 crore. A third-generation industralist, Dempo has expanded the Dempo Group across multiple business sectors by functioning as a promoter of publicly listed companies including Goa Carbon Limited and Hindustan Foods. His business portfolio also encompasses several private ventures, most notably Devashree, which has established itself as one of Goa's premier construction and real estate firms.
Moving on we have the Timblo family, known for their mining operations through Fomento Resources. Beyond mining, they have diversified their portfolio into hospitality and real estate.
On number three is the Salgaocar Family, founded by the late Vasantrao Salgaocar. This family built their fortune initially through mining and later diversified into shipping, healthcare, and education. They also have the expanded V.M Salgoacar Group that has expanded into mining, manufacturing, education and sports. They are also into philanthropic ventures across Goa. Mukesh Ambani's sister, Deepti, is also married into the Salgaocar family.
The Hurun India Rich List methodology calculates net worth by evaluating assets including publicly traded stocks, real estate, and private businesses. The list does not factor in liabilities such as debt.
While Goa may not boast as many ultra-high-net-worth individuals as metropolitan centers like Mumbai or Delhi, the coastal state has been steadily developing its economy beyond tourism. Industries such as pharmaceuticals, manufacturing, and information technology have been gaining ground, potentially creating new wealth leaders in the coming years.
As Goa continues to evolve economically, the presence of richest families of Goa like the Dempos provides both stability and inspiration for the next generation of Goan entrepreneurs looking to make their mark on national wealth rankings. The state's strategic location on the western coast of India, combined with its strong educational institutions and quality of life, positions it well for continued economic growth and wealth creation in the decades to come.
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