Anil Agarwal

Metals magnate founded and runs London-listed Vedanta Resources. Struck $9.6 billion deal to buy 60% stake in Cairn India which owns country's biggest onshore oil field, for an estimated $9.6 billion. Acquisition in limbo since last August over delay in government approvals and objections from state-owned oil explorer ONGC. Faced setback when India's environment ministry rejected Vedanta's proposal to mine bauxite in Eastern India, following a government report that it would hurt local tribal people. Court recently ruled that the land for his proposed Vedanta University was illegally acquired