*Jains have India's highest literacy rate at 94.1%* .
70% of Jains live in the top wealth quintile (Source: NFHS-4, 2018)
Jains, less than 0.5 % of India’s population, contribute ~20% of income tax, the highest per capita income tax.
Let's discover what makes this community home to the most Indian billionaires.
1. Did you know that Seth P Roychand, who started India's first stock exchange *(Bombay Stock Exchange* ), was a Jain?
2. India's largest space organisation, *ISRO* (Indian Space Research Organisation), was founded by Jain, Dr. Vikram Sarabhai.
3. India's first ship manufacturing company, the *Hindustan Shipyard and HAL* , was founded by Jain-Seth Walchand Hirachand Doshi.
4. The largest airline company in India, *Indigo Airlines,* was founded by Rakesh Gangwal.
5. The largest bullion company in India, *RSBL* , was founded by Jain Prithviraj Kothari (Riddhi Siddhi Bullions)
6. The largest diamond company in India, *Rosy blue* founded by Jain-Russell Mehta
7. Largest commodity market exchange of India *MCX* (multi-commodity exchange) was founded by Jain - Jignesh Shah
8. The largest media house in the country ( *Times of India)* was founded by Jain - Indu Jain
9. The largest port company in India, *Adani Ports,* was founded by Gautam Adani.
10. The largest irrigation company, **Jain Irrigation* is founded by Jain - Bhavarlal Jain
What makes this community home to the most Indian billionaires?
1. *Spirit of Entrepreneurship*
Jains have traditionally been businesspeople.
Some remarkable billionaire entrepreneurs like Gautam Adani, Dilip Sanghavi (Sun Pharma) are Jains.
2. *Values of Non-Violence & Simplicity*
Their religion emphasises:
>Living below means
>Detachment from luxuries
These values naturally translate to financial prudence.
3. *Avoiding Intoxicants*
Most Jains don’t spend on:
Alcohol
Tobacco
Or any Other intoxicants
➡️ Fewer distractions = Fewer liabilities = More savings.
4. *Focus on Education*
Jains top India’s literacy charts: 94.1% vs national average of 65.4%.
They prioritise both religious & vocational education, building intellectual capital over generations.
5. *Sweet-Talking, Friendly Nature*
Jains are known for:
>Soft-spoken communication
>Peaceful negotiation
>Avoiding conflict
Perfect traits for building strong business & social networks.
6. *Community First*
They
>Trust each other
>Build together
>Fund each other’s businesses
This in-group support system accelerates collective wealth creation.
7. *Discipline*
Jainism is one of the most disciplined religions.
Practices like:
Fasting
Daily rituals
Ahimsa (non-violence)
8. *Respect for Resources*
From childhood, Jains are taught:
>Don't waste food
>Don’t leave lights/fans on unnecessarily
This mindset = long-term cost efficiency & sustainable practices.
9. *Vegetarianism & Fasting*
Healthier diets = better physical & mental energy.
Your:
Food → Emotions → Thoughts → Actions → Habits → Character → Destiny.
Jains understand this chain deeply.
10. *Hygiene & Health*
Clean habits = fewer illnesses = lower medical costs.
11. *Financial Wisdom*
Money is respected, not flaunted.
Jains learn early:
>How to manage finances
>The importance of savings
>Smart spending
12. *Saving & Investing*
With a strong culture of:
>Investing
>Living below means
They build multi-generational wealth.
13. *High Tax Contributions*
Despite being just 0.5% of India’s population…
💰 Jains contribute a disproportionately high share of India’s income tax.
14. *Officially the Wealthiest Community in India*
As per NFHS-4 (2018):
70% of Jains live in the top wealth quintile.
No other Indian community comes close.
15. *Job Creators, Not Job Seekers*
Many Jains are:
>Startup founders
>Traders & builders
They create wealth and employment, not just profits.
Jain-dominated districts often report extremely low crime rates.
Their community strongly emphasises peace, harmony, and ethical behavior.
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