You’ll Find Kerala’s Billionaire Elite in the City of Thrissur, Research Finds

In a twist that has the world of wealth whispering, Kerala’s billionaire elite seem to have a soft spot for the charming city of Thrissur compared to the bustling business hub of Kochi. According to the most recent star-studded edition of the 360 One Wealth-Hurun Kerala Rich List, Thrissur claims the crown with five billionaires, while Ernakulam graciously hosts four of these magnates.

At the very top of this list is none other than the indomitable M A Yusuffali, the driving force behind Lulu Group, who manages an estimate of Rs 55,000 crore. With a fortune of Rs 33,000 crore, his son-in-law, Shamsheer Vayalil, is hot on the trail. Shamsheer, the latest addition to the Hurun rich list, has a diverse portfolio of investments, weaving his magic through Ziva, Keita, RPM, LifePharma, Burjeel Holdings, Lakeshore Hospital, and Educare Institute.

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S Gopalakrishnan, co-founder of Infosys, and his famous family took third place with Rs 31,000 crore, closely followed by the ever-dazzling Joy Alukkas in fourth place with Rs 27,600 crore. The indefatigable Sunny Varkey rounds out the top five, with an estimated worth of Rs 26,000 crore.

The combined fortune of these Kerala tycoons has increased by 15% over the previous year, proving their undying commitment to success and prosperity. Yusuffali, Joy Alukkas, T S Kalyanaraman of Kalyan Jewellers, Kochouseph Chittilappilly, the visionary inventor of V-Guard, and V P Nandakumar of Manappuram Finance are among the notable individuals on the Thrissur roster.

Shaji Kumar Devakar, 360 ONE Wealth’s enthusiastic executive director, said, “Kerala’s enthralling representation in the 360 ONE Wealth Hurun India Rich List 2023 is nothing short of remarkable.” The overall wealth of Rs 3,60,500 crore emphasizes Kerala’s affluent’s persistent economic strength, with 30 prominent individuals showing the state’s climb in wealth accumulation. This year’s list not only reflects the state’s wealth boom but also reinforces its potential as an economic powerhouse.”

Thrissur reigns as the surprise kingdom of Kerala’s Billionaire Elite. The city’s wealth peaked to unprecedented heights under M A Yusuffali’s management, closely followed by his entrepreneurial son-in-law, Shamsheer Vayalil. Thrissur has been presented as a place of dreams and aspirations by these dynamic individuals and other wealthy citizens. Kochi, the state’s business centre, may sparkle with corporate glitz, but the real treasure trove seemed to be hidden in Thrissur’s quiet streets.

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