The Indian stock market (India-Share Market) has continued to bleed for the last few months. Along with the world’s richest people, several Indian industrialists have faced huge financial losses this year. Recently, the Bloomberg Billionaires Index has shown that Adani’s Gautam Adani is at the top among Indian industrialists in terms of wealth loss.

This businessman has suffered the most losses in the Indian stock market (India-Share Market)

According to a report by Moneycontrol, the Indian industrialists who have suffered the most financial losses this year include Ravi Jaipuria, KP Singh, Mangal Prabhat Lodha, Gautam Adani, Shiv Nadar and Dilip Sanghvi. The report says that ‘in terms of percentage’ this year, Ravi Jaipuria is the most affected industrialist in India.

RJ Corporation, founded by Ravi Jaipuria, is involved in several important sectors such as food and beverages, healthcare and education. According to a report by Moneycontrol, Ravi Jaipuria’s wealth has declined by 26 percent this year. The total wealth of the RJ Corporation founder has come down from $17.6 billion to $13.1 billion.

The second and third worst-hit Indian industrialists in ‘percentage terms’ are DLF’s KP Singh and Macrotech Developers’ Mangal Prabhat Lodhar, respectively. KP Singh’s total wealth has fallen by about 25 percent this year to $13.6 billion. On the other hand, Mangal Prabhat Lodhar’s total wealth has fallen by 21 percent this year to $9.8 billion.

Adani Group Chairman Gautam Adani, Sun Pharmaceutical Industries founder Dilip Shanghvi, DeMart’s Radhakishan Damani, Zydus Lifesciences Chairman Pankaj Patel, Shapur Mistry & Family and OP Jindal Group head Savitri Jindal have also faced significant financial losses this year.