Who is the richest man in Assam?
richest-man-in-assam-2025-top-10-north-east-tycoons On the threshold of 2025, the business map of North-East India is changing rapidly, and its heartbeat is heard loudest in Assam. Emerging from the Brahmaputra Doab, giants like steel & cement tycoon Kailash Chandra Lohia, infra-expert Sanjiv Kumar Prithani, and tea-tourism pioneer Hemendra Prasad Barua have not only boosted the state’s economy, but also trended search queries like “Who is the richest man in Assam?” and “Top 10 richest man in North East India”.
From Dipankar Dutta’s CEC education network to Badruddin Ajmal’s perfume legacy, Bhagya Kalita’s real-estate + hospitality projects, Chokhani Prakash’s Mahadeobari tea, Alen Ahmed’s cinema halls, Mahanta Shyam Kanu’s event-consulting, and ex-Maoist-turned-business-turnaround Niranjan Hojai—each name in this list defines Assam’s diverse business veins.
The below Richest-man-in-assam-2025-top-10-north-east-tycoons is sorted by net-worth, industry sector and district, so you can understand at a glance which tycoon is setting the benchmark in which sector, and how all of them together are turning the North-East into India’s new Growth Frontier.
Kailash Chandra Lohia's $200M Bet: Steel, AAC Blocks & Guwahati Real Estate (Lohia Group)
- Main business and district Business Areas Brands/Units Description
Main Locations Steel and Metals Bajrang Steel Sales Corporation MegaTurboTMT (TMT/Rebars) Ferro alloys & GP/GC sheets
Incorporated in the year 1981, it supplies steel, TMT and GP/GC sheets to road-building and construction industry Guwahati and NER Cement Topcem Cement & Suraksha Cement
A subsidiary of Meghalaya Cements, the top selling cement brand in NER
Meghalaya and NER AAC ( Aerated Concrete ) Blocks
Brikolite AAC Blocks The first autoclaved aerated concrete block manufacturer of NER
Guwahati & environs
Kraft Paper
Eco Tech Papers
Recycling of old paper to Kraft paper
Kamalpur, Assam
Tea and Food Processing
Eco Tech Agro (Jagri)<br> Dhansiri Tea
Jagri: organic processing, tea plantation and hygienic production
Assam Sector
Real Estate
Subham Group / Subham Realty
Residential and commercial developments in Guwahati (Subham Enclave etc.)
Guwahati
Retail and Interiors
PRP Buildmart
Shop that sells building materials such as tiles, lighting, granite and fittings
Guwahati
Education
Delhi Public School Guwahati
Operate private school
Guwahati
Health‑Oxygen
Industrial Oxygen Plants
Oxygen manufacturing by industry
NER Sector
Catering
Marble, tiles, lifestyle sanitary, fittings
Retail of construction items and home accessories products
Guwahati
Automobiles
Hyundai passenger automobile dealership
Automotive sales at Guwahati
Guwahati
Sanjeev Kumar Prithani: Brahmaputra Group's ₹1,200 Cr Real Estate & Infrastructure Push in Guwahati
- Real Estate (Infrastructure)
Brahmaputra Group works on large scale construction in Guwahati and Northeast India:
Residential/commercial complexes (e.g. Spanish Garden on RGBaruahRoad)
Expansions of tunnels, airports, highways
Guwahati Neighborhood Industrial parks
2. Mining and Hydro power
Came up with a hydro-electric power scheme; engaged in local minings projects
3. Toll-Road Infrastructure
Managers in organizations like:
Brahmaputra HoshiarpurPhagwara Toll Road Ltd.
Brahmaputra SirhindThe Morinda Ropar Toll Road Ltd.
4. Other Holdings
Is a board member of several group companies including:
Property Management, Projects, Promoters and Planners, Holdings, Enterprises
Indotech Tubewells Pvt Ltd. - District & Base of Ops
The main hub of the group in real estate and infrastructure projects is Guwahati, Kamrup Metro District. Group plays a major role in Assam and the states surrounding it.
Hemendra Prasad Barooah: ₹1,000 Cr Investment in Jorhat Tea Estates, Tourism & Boutique Hotels
- Name: Dr. Hemendra Prasad Barooah
Birthdate: 1 April 1926 (Jalukonibari, Jorhat)
Education: MBA – Harvard Business School (1949) first North-East Indian
Death: 31 July 2013 Bangkok (cardiac arrest)
Business 1. Tea Estates
Jorhat, Golaghat, Sibsagar districts
They had 9 estates (Barasali, Gatoonga, Kuhum, Mokrung, Salkathoni, Samaguri, Sangsua, Moheema, New Samaguri) owned
Export of superior CTC black tea (~55 lakh kg/year) that is patented
2. Packaging and Tea Broker
Co-founder: Assam Tea Brokers Pvt Ltd (1970) – first broking house in Guwahati
B&A Packaging India Ltd – tea packing
3. Boutique hotels and Tea tourism
Heritage North East: Thengal Manor and numerous more Historic Bungalows
A good tea-tourism location is Kaziranga Golf Resort (Sangsua, Jorhat) - 4. Corporate and Industrial Investments
B&A Ltd: First Assamese firm to be listed on the Kolkata, Mumbai and Guwahati Stock Exchange (1915 to 1950)
Assam Tea Brokers: First-mover in the tea market penetration
Helped in the establishment of Tocklai Tea Research Association and Guwahati Tea Auction Centre
5. Charity and Cultural Programs
Kamal Kumari Foundation (established 1990): Science, Arts, Journalism and National Awards to Young Artists
Previous cultural endeavours are film Ek Pal (dir. Kalpana Lajmi), music by Bhupen Hazarika - Regional Details
District: predominantly Jorhat -tea estates and tea tourism centres
There are also properties extended to Golaghat, Sibsagar - Positions and Honours
Padma Shri (2013) – trade and industry contribution
President Bengal Chamber of Commerce, Chairman ITA, Director SBI, Director Indian Airlines and Director Assam IAC etc. - Recipient of numerous industry awards, including Tea Doyen, Assam Title, Lifetime Achievement Award etc.
- Name
Dr. Hemendra Prasad Barooah
District/Region
Jorhat (Golaghat, Sibsagar) - Core Business
Tea Plantation, Tea Broking, Packaging
Tourism Business
Kaziranga Golf Resort, Heritage North East
Corporate Presence
B&A Ltd, Tea Auction Centre Assam Tea Brokers
Charitable Contributions
Investments in Art & Culture Kamal Kumari Foundation
Honours
Padma Shri, Lots of Industry/ Cultural Titles - Hemendra Prasad Barooah is one of the most iconic and alternative-entrepreneurial leaders of tea industry in Assam.
has grown out of old tea trade to new corporate forms,
contributed greatly towards tea tourism and preservation of cultures.
and left a permanent social mark in the business network in Jorhat.
CEC, founded by Dipankar Dutta, secured ₹1,000 crore (approximately $120 million USD at the time of announcement) in a private equity investment.
Background and Childhood
Name: Dipankar Dutta
Born: Is a native of Noonmati part of Guwahati. He shifted to Delhi in 1990 and got higher education and in 1994 he established CEC (Computer Education Centre) with two computers.
Chairman- CEC Group of Institutions
Established: 2 nd May 1994, The Computer Education Centre (CEC) at Noonmati, Guwahati which began with two computers
Expansion: As of now there are approximately 175 centers all over the North-East with approximately 36 centers in Guwahati itself
Skills:
IT: BSc IT, BCA
Management/Fashion/Interior Designing
Short Courses: Artificial intelligence, robotics, journalism, organic beauty treatment etc.
Highlights & Results
Students Output: ~6 lakh trained in three decades, out of which ~4 lakh got jobs and over 1 lakh were self employed
Women Incentive: waiver of 10 percent of fees in each course. Academic Activities: Arranges national/ international fashion shows (Coca-Cola Mega Model, Assam Bangkok fashion show etc.), career fairs, workshops, etc.
Growth and subsidiaries
Linear expansion: The CEC IT schools also have business presence in Majuli (CEC Majuli was launched in 2014), Dibrugarh, Hailakandi, Karimganj, Cachar etc.
Business Nature
Main Sectors:
Computer Education (Diploma and Degree Courses)
Fashion, Textile and Interior design
Vocational (Beautician, Tourism, Journalism etc.)
Short Term Courses (AI, Robotics, Vlogging, Blogging etc.)
Operation Areas:
Headquarters: Noonmati, Guwahati
Growth: Majuli, Dibrugarh, Hailakandi, Karimganj, Cachar, Guwahati (different locations)
Key Businesses
Perfume Business- Ajmal Perfumes
Founded by the father Haji Ajmal Ali, today the family brand icon
Company location: Dubai; 270+ retail stores located throughout the Middle East
Production based on the model of the farm-to-fragrance, using agarwood (oudh) plantations, with raw material in Assam
Real Estate
Has Ajmal Estates & Properties Pvt Ltd and other property-development companies
Mumbai and Guwahati real estates
Leather Industry, Textile, Healthcare, Education
Alliances in the leather and textile business;
Ajmal Foundation has established 25+ educational institutions, colleges and hospitals
Charitable/social service
Haji Abdul Majid Memorial Hospital (Hojai), Al‑Salam Hospital (Goalpara), Badarpur Hospital (Karimganj) etc.
Ajmal Foundation: Skills Training, Education (International, ~6,500+ placements)
Politics
Founder and National President 2005 to date -All India United Democratic Front (AIUDF)
three time MP – Dhubri (2009-2024)
Badruddin Ajmal
The cost is 1100 crore ($100M)
Perfumes (Ajmal Perfumes), Real Estate, Politics
Dhubri/Nalbari
District and Profile
Date of birth: 12 February 1950 in Gopal Nagar, Nagaon (Hojai Region, Central Assam)
Chairman of the Parliamentary Group of MPs, Lok Sabha – Dhubri, Assam (2009-2024)
Relation with Districts: Hojai (Nagaon district) Home Place; Dhubri Political Base
Business Critical areas
1. Infrastructure and Real Estate:
BK Tower, Guwahati: It is a big commercial and residential complex in Guwahati, which they consider an important component of their real estate holdings.
BKsons Infrastructure Pvt. Ltd: This firm deals with construction and infrastructure development.
Sweta Properties Pvt. Ltd.: It is a company that invests in real estates and rental properties.
2. Hospitality and Tourism:
Himatsingka Resorts Pvt. Ltd.: This corporation is involved in resorts and hotel industry.
Greenwood Resorts Pvt. Ltd.: This company also deals in tourism and hospitality industry.
BKsons Resorts Pvt. Ltd.: This company deals with resorts and hotel business.
3. Printing and Publications:
H.K.S. Publications Ltd.: This organization is also in business of publishing and printing.
Himanshu Printers & Publishers Pvt. Ltd.: The publishing and printing business is also practiced by this company.
Home and Social Service
The home of Bhagya Kalita and his wife Geeti is in a posh locality of Delhi. They also engage in other social activities in Assam, like the distribution of food item and medical equipment in the Guwahati villages during the pandemic period. They have been giving scholarships to meritorious students of poor families of Assam under BK Foundation and also helping in treatment of cancer patients
Chokhani Prakash ₹250 crore ($30M) Tea Plantation (Mahadeobari Tea Company) Tinsukia
Chokhani Prakash is a prominent tea planter from Tinsukia district of Assam with a net worth of around ₹250 crore (approximately $30 million). He heads Mahadeobari Tea Company Private Limited, a reputed name in the tea industry of Assam.
Large Business Sectors
1. Tea Plantation -Mahadeobari Tea Company Private Limited:
Establishment: It was established in 20 th May 1974.
Registration: registered at Shillong, Assam
Head office: A.T. Road, Makum Junction, Tinsukia, Assam – 786170
Production: The process of black tea leaves production and processing
Plantations: 5-Totally, there are 5 tea plantations namely- Mahadeobari, Ananda-Bagh, Dhola, Chokhani, and Chariali Tea Estates
Other Companies: Bharat Engineering Works (Tea Machinery Manufacturing), Tea Blending and Packaging Unit at Kolkata
Brand: Mahadeobari Tea, that is sold in domestic and export markets
Board of Directors
Mahadeobari Tea Company has the following members in the Board of Directors:
Om Prakash Chokhani: The tea master and the director
Sadhana Chokhani-Director
Director Atulit Chokhani
Ramesh Kumar Chokhani: Director
Director: Niraj Chokhani
Sajjan Kumar Chokhani: Director
Financial Status Paid up Capital: 8.3 lakh
Authorised Capital: 10 Lakh Rupees Total Assets (March 2024): Open charges of 17.59 Crore Rupees
Net Worth (March 2024): 4.49 crore Social Contribution
Mahadeobari Tea Company plays an active role in providing employment to the local people, training their skills, and medical facilities. The directors of the board of this company, notably, Om Prakash Chokhani, have been strong members in the Assam Tea Planters Association (ATPA) and they have been instrumental in the evolution of the tea industry.
Alen Ahmed ₹160 crore ($20M) Real estate, cinema theatres
Alain Ahmed is a well known businessman of Guwahati, Assam whose net worth is estimated at 160 crores (as of 2020) of Indian rupees which is approximately 20 million United States dollars. He is the owner of Neha Builders and wellmount Industries which are into the business of real estate and cinema theatres.
Important Business Sectors
1. Neha Builders
Neha Builders is also operating within real estate and construction business in Guwahati. The company has already managed to undertake a number of residential and commercial projects.
2. Wellmount Industries
Wellmount Industries is one of the major cinema theatre operator firms located in Guwahati. The company has established cinema halls and multiplexes at Guwahati, and the local audience goes to watch the movies here.
Cinema Theatres
Alain Ahmed of Wellmount Industries has established a series of cinema theatres in Guwahati, which are renowned to provide high quality screening of movies and other modern amenities. These cinemas have comfortable seats, quality sound systems and state of the art systems in projecting movies.
Location
Alen Ahmed and his firms are situated in Guwahati, Assam. Guwahati is the commerce and cultural centre of the state of Assam, and the largest city in the north east region of India.
Mahanta Shyam Kanu ₹80 crore ($10M) Consulting, Event Management (MMS Consulting) North-East India Profile
Mahanta Shyam Kanu
Net Worth: Approx. ₹80 crores (approx. $10 million)
Sector: Consulting, Event Management
Office: MMS Consulting
Area: Northeast India (Assam and surrounding states)
Business
1. MMS Consulting
Provides consulting services that include business management, marketing, and event management.
The company focuses on helping businesses in Northeast India to effectively manage and organize events successfully.
They have organized large-scale corporate events, cultural events, and social gatherings.
2. Event Management
MMS Consulting conducts business conferences, commercial fairs, and local festivals.
Works in partnership with various organizations in the Northeast states.
Regional Expansion
Mainly serves states like Assam, Manipur, Meghalaya, Nagaland, Mizoram, Tripura.
Offers customized consulting and event solutions based on regional needs.
Brief Conclusion
Mahanta Shyam Kanu is a leading businessman in the consulting and event management sector in North-East India through MMS Consulting. His network is around ₹80 crore, which shows the wide reach and impact of his business.
K.C. Lohia repeated) Profile and Net Worth Name: Kailash Chandra Lohia Net Worth: Around $200 million (₹2,000 crores)
Lohia Group was initially launched in 1981 as Bajrang Steel Sales Corporation. Today it is a conglomeration of about 50+ companies and its areas of business include:
Steel: TMT/rebars, GP/GC sheets ( Authorized distributor of TATA GP/GC in NER), Ferro alloys, MS ingots and bars
Cement: Topcem brand (rotary kiln technology) Meghalaya Cement Ltd
AAC blocks, kraft paper, food processing, industrial bottling oxygen, low-ash met coke, textile
Real Estate: Shubham Group (Subham Realty) Guwahati
Y level residential/commercial projects
Education, Car (Hyundai dealership), lifestyle sanitary fittings, marble, tiles, interiors
Management: The group operates businesses in NER as well as other states using nearly 50 entrepreneurial structures.
Table of Contents Net Worth $200M (~ 2000 crore)
1 Headquarters
Assam, Guwahati
Steel, Cement, AAC Blocks, Paper, Food Processing, Real Estate, Education, Automobiles, Lifestyle Products
Special Brands/Entities
Bajrang Steel, Topcem cement, Subham Realty, Hyundai Dealership, Eco-Tech etc
Lohia auto Electric three-wheelers brand Youdha
December 2024: e3W (Electric three-wheeler) brand: Youdha
The target sales of 3 lakh units by 2027 are at 20 crore investment.
Presently it has approximately 100 dealers; It is planning to have 250 dealers within the next two years
2. Northern emerging 2025 summit & FINER
Taking place in May, 2025, in order to attract more people to the North-East industrial development
Bajrang Lohia, the son of Kailash Chandra Lohia served as FINER President
Special attention was paid to the investment in textiles, bamboo industries, Gautι catering and tourism
3. International Textile growth – Lohia Corp Limited
Purchase of J.J. Jenkins Inc. (USA) and joint venture with OMGM (Italy) in August 2024
Globalisation in fabrication equipment and making of bags
Lohia Group – Detailed Business Overview
Steel & Metals: TMT/Rebars, GP/GC Sheets (Partnership with TATA)
Cement: Topcem & Suraksha Cement (under Meghalaya Cement Ltd)
AAC Blocks: Brikolite — though quality certifications have been erratic some of the time
Papers, Food Processing, Oxygen Plants, Textiles, Automobile Dealerships (Hyundai), Real Estate(Subham Realty), Education, Lifestyle Supplements (sanitary fittings, tiles)—Contribution in NER & other states
Detailed Geo-location & Social Initiatives
HQ: Guwahati, Kamrup (Metro) District
Factories & Units: Assam, Meghalaya, Tripura, West Bengal, Jharkhand & Odisha
Social Contribution:
Donation of ₹10 lakhs to Assam CM Relief Fund (for flood relief in 2010)
Environment Conscious Social Approach: World Environment Day, Janmotsav, Eid/Buddha Purnima related activities
$200M (₹2,000 crores)
Latest Projects
EV three-wheeler (Youdha), Global textile JV, Summit investment initiative
Key Industries
Steel, Cement, AAC, Textile, Auto, Real Estate, Education, Food Processing etc.
Geographical Scope
NER + Other Indian States + International Markets (USA, EU)
Social/Environmental Contributions
Relief donations, Eco-sensitive activities
