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Sunil Vaswani tops Indian Rich List with $7.2bn


Dubai headquartered Stallion Group promoter and Chairman, Sunil Vaswani has topped the Arabian Business GCC Indian Rich List for 2015, with an estimated net worth of $7.2 billion (source:

Altogether, 11 billionaires make this year’s list, with the total wealth of the Gulf’s 50 richest Indians valued at just over $50 billion.

Stallion Group is a 45-year-old business enterprise that has grown from its modest start in West Africa into a fledgling multi-business conglomerate, with extensive operations in 18 countries.

Stallion is engaged in commodities, agriculture, automobile assembly and distributorship, food products, industries, steel manufacturing, mining, technology, logistics, financial services and shipping.

Stallion manages an impressive distribution portfolio of global auto brands including Honda, Hyundai, Nissan, Porsche, Volkswagen, Audi, Skoda, Ashok Leyland and IVECO amongst others. As a key player in the automotive industry, Stallion is involved in the assembly of Nissan, Hyundai, Ashok Leyland, Iveco and Volkswagen branded vehicles in Nigeria.

In December 2014, Stallion Group was awarded amongst the top Nigerian conglomerates by the Federal Government of Nigeria and was recognised as the second largest conglomerate in Nigeria that included several other prestigious multinational corporates.

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