The highest taxpayer among industrialists is Max India co-founder and chairman Analjit Singh.
At number 15, he paid income tax of Rs 31.49 crore (Rs 314.9 million for 2007-08).
The youngest son of Bhai Mohan Singh, Analjit's big moment came when he sold his stake in Hutchison Max for Rs 650 crore (Rs 6.50 billion).
A veteran of several corporate battles, Singh is often compared to his eldest brother, the late Parvinder Singh of Ranbaxy, for his ability to foresee new business opportunities. The two couldn't work together for long, with Bhai Mohan Singh dividing the assets among his three sons in 1989.
Deeply attached to his family in his formative years (the M in Max stands for Bhai Mohan Singh, A for his mother Avtar Mohan Singh and X for everybody else), Analjit has been on his own since then.
Image: Romesh Sobti, the then executive vice president and country representative of ABN AMRO Bank India (right) and Analjit Singh, chairman and managing director, Max Healthcare, pose with the 'Wellness Credit Card' in New Delhi. Manan Vatsyayana/AFP/Getty Images
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