10 Forex Millionaires in India and How Else They Make Money

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India’s stock market is among the most popular ones in the world, with the greatest potential for wealth growth if you play your cards right. However, stock trading is relatively risky, and only a few persistent traders can make consistent profits from it.

Here’s our list of the top forex and stock traders who have managed to make a name for themselves in this industry despite the challenges of consistent profitability.

1. Rakesh Hhunjhunwala

Also known as the Warren Buffett of India, Rakesh Jhunjhunwala is a heroic investor and trader with a remarkable ability to identify underrated companies.

While he is primarily known for his success in the stock market, Jhunjhunwala is also an experienced forex trader.

How does Rakesh Jhunjhunwala make his money?

Through trading: Rakesh Jhunjhunwala has extensive experience in both stock and forex markets

2. Pravin Khetan

Apart from being one of the forex millionaires in India, Pravin has a lot of recommendations from other jobs he did for close to 10 years.

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With his extensive experience, Pravin has become a teacher for future traders, investors, and analysts, teaching them ways of achieving profitable trading objectives.

How Pravin makes his money.

Pravin makes his money trading forex. Often focusing on fundamental analysis, technical analysis, and risk management techniques) and applying best practices.

He’s also a passionate educator and mentor.

3. Shashikant Sharma

Shashikant is another successful forex trader in India.

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He started his trading journey at the age of 22 and is now one of India’s Forex millionaires.

In the course of training, he kept failing but did not stop.

Now that he has made it to the top, he recommends knowledge over money. He says new traders must not look for easy ways to earn but must learn how everything works in the forex market before investing.

Other areas where he puts more emphasis are patience, hard work, and discipline.

How does Shashikant make his money?

For the over 12 years that he has been in the forex market, he has made money trading but is now a professional wealth analyst, sells Forex signals, is an affiliate for various Forex brokers, and is a content creator on YouTube.

4. Anish Singh Thakur

Singh Thakur started his forex trading journey at the age of 19 and has been working hard on developing and improving his knowledge of price action strategies and risk management techniques through the years.

Anish is the founder of the stock market training institute, where hundreds of thousands of traders go to get insightful recommendations on profitable ways of investing in India.

How does Anish make his money?

Singh Thakur makes his money trading forex, creating content on YouTube, where he has over 2 million subscribers, forex affiliate marketing, and as a forex trainer in India.

5. Atul Shrivastava

Atul is a stock and forex market specialist who has, in a few years, succeeded in attracting thousands of Indian investors and traders for training via his YouTube channel.

Atul’s YouTube channel currently has over 500,000 subscribers, and he makes money both as a content creator and as a forex trainer in India.

6. Raamdeo Agrawal

Raamdeo Agrawal is a celebrated investor and trader known for his value-investing approach. He has built a successful career in the stock market but also has extensive experience in the forex market.

Agrawal’s strategies involve identifying undervalued assets and holding onto them for the long term, allowing him to capitalize on market fluctuations and generate consistent profits

Other than stock trading, Raamdeo Agrawal is a renowned businessman in India and the Chairman of Motilal Oswal Group, which he co-founded with Motilal Oswal in 1987.

7. Radhakrishnan Damani

Radhakrishnan, born in 1954 in Mumbai, was a businessman and the founder of Dmart before becoming a full-time multibillionaire investor.

He is also the founder of Bright Stars Investments Limited.

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8. Sunil Singhania

Sunil Singhania is another well-known name on the list of top traders in India.

He has a strong preference for diversification, portfolio management, and winning investment strategies.

He is also the owner of Jindal Stainless Ltd., Route Mobile Ltd., Polyplex Corporation Ltd., Mastek Ltd., Acrysil Ltd., Saregrama India Ltd., Paras Defence, and Space Technologies Ltd., among others.

His portfolio increased by roughly 260% over the previous year in terms of growth.

His portfolio has grown by 11004.55% in just five years.

9. Vijay Kedia

Vijay Kedia is a financial expert from India who makes simple and efficient investments.

He grew up in a stockbroker household and has had an interest in the financial industry.

He began trading stocks on the stock exchange for the first time when he was only 19 years old. He gained a lot of money in his early trading years but later had to deal with massive losses.

Kedia is still a forex millionaire and a respected figure in the Indian financial industry.

10. Aziz Hashim Premji, Premji and Associates

Aziz Premji is the chairman of Wipro Ltd. and a well-known businessman.

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Informally, he is regarded as the Czar of the Indian IT Industry. He was born in the city of Bombay in 1945.

He is India’s wealthiest citizen, and he owns most of Wipro, Tube Investments, JK Lakshmi Cements, and other companies.

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