Madhya Pradesh’s Richest Family You haven't heard about

Описание: In the turmoil of partition, the Agarwals lost everything.

No wealth. No business. No safety net.

What followed was a restart from nothing. The family tried everything: riding rickshaws in Calcutta, running a small grocery store, odd jobs, before moving to Indore and finding their footing in transport trade.

After these struggles, over four decades the family built Agarwal Coal Corporation—today a ₹15,000 crore business that imports 15–20 million tonnes of coal annually.

In this episode of the Create Wealth Podcast, Sandeep Jethwani sits down with Tapan Agarwal, the second-generation leader now modernising the business, diversifying into ₹5,000 crore of Indore real estate projects, and building his own brand with a ₹100 crore car collection showcased on Instagram as Car Crusader.

This is a story about family business reinvention, legacy vs. risk, resilience after partition, and how India’s hidden wealth creators think about building and protecting empires.

Key Timestamps:

[00:00] - Highlights
[01:40] - From Partition struggles to Rebuilding Wealth
[04:10] - How the Agarwals became one of India’s largest coal importers
[07:03] - Asset Allocation of the Agarwal Family
[07:55] - The Coal Business of India - (Problems, Logistics, Economics)
[10:53] - Coal Empire of the Agarwals
[13:03] - Tapan's approach to upskill the Family business
[15:30] - Challenges while bringing change in a Legacy business
[17:42] - The Real Estate business of the Agarwals
[18:55] - Why the family is betting ₹5,000 crore on Indore's Real Estate
[20:55] - Philosophy behind handling finance of Business & Family
[23:43] - How the next - gen should own up the Family business? (Roadmap)
[26:55] - The ₹100 Crore Car Collection
[28:16] - The Economics behind Ultra Rich Segment Cars
[30:15] - Why Car Crusador? (the Story & Success)
[31:50] - The story behind the still unboxed Cars & their Miniatures
[33:00] - Agarwal Family's contribution to the Society
[34:50] - Future of the Family & Cars
[37:37] - Closure

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