Shrinivas Dempo

• Shrinivas Dempo, a third-generation leader of the Dempo Group, is a prominent Goan industrialist with an estimated net worth of ₹1,800 crore as of 2023. His diversified investments span mining, shipbuilding, food processing, media, and sports, making him one of India’s wealthiest individuals.
  
  
• As of 2025, Shrinivas Dempo’s net worth stands at ₹1,800 crores, earning him a spot on the '360 ONE Wealth Hurun India Rich List 2023.' His wealth stems from his leadership in the diversified Dempo Group, established in 1941.
  
  
• Shrinivas Dempo’s investment portfolio spans multiple sectors, showcasing his diverse business interests. The Dempo Group, under his leadership, holds significant stakes in mining through Dempo Mining Corporation Limited. In shipbuilding and shipping, the group acquired a controlling stake in Modest Infrastructure, a Gujarat-based shipyard, in a deal valued at over ₹700 crore. Additionally, Dempo Industries Private Limited operates in the food processing sector, producing various foodstuffs. The group also owns The Navhind Times, a leading daily newspaper in Goa, and has made notable contributions to sports through the Dempo Sports Club, which has won multiple national football championships under his patronage.
  
  
• Political Affiliation: His wife, Pallavi Dempo, declared assets worth ₹1,400 crore as a BJP candidate in the 2024 Lok Sabha elections.
  
  
• Asset Declaration: Pallavi’s affidavit revealed total assets of ₹1,361 crore, including ₹1,250 crore in movable assets and ₹111 crore in immovable assets.
  
  
• Shrinivas Dempo Portfolio:- Shrinivas Dempo’s portfolio is managed through the Dempo Group, with interests in mining, shipbuilding, food processing, media, and sports. While his personal stock holdings are not publicly disclosed, he holds leadership roles in companies like Goa Carbon Ltd. and Automobile Corp. of Goa Ltd.
  
  
• Shrinivas Dempo Group:- The Dempo Group, founded in 1941, is a diversified conglomerate with core values emphasizing ethics, quality, and social responsibility. Under Shrinivas’ leadership, the group has expanded into calcined petroleum coke production, shipbuilding, food processing, real estate, and newspaper publishing.
  
  
• Early Life and Education:- Born and raised in Goa, Shrinivas Dempo pursued postgraduate studies in Industrial Management, equipping him to lead and expand the family business.
  
  
• Professional Contributions:- Dempo Group: As chairman, Shrinivas has driven the group’s growth, with Goa Carbon Ltd. becoming India’s second-largest manufacturer of calcined petroleum coke.
  
  
• Automobile Corporation of Goa Ltd.: He serves as Independent Non-Executive Chairman, contributing to the company’s strategic direction.
  
  
• Dempo Sports Club: His support has led the club to multiple national football championships.
  
  
• Philanthropy and Civic Engagement:- Education: He serves on the Executive Council of Goa University.
  
  
• Healthcare: As president of the Goa Cancer Society, he works to improve cancer care and awareness.
  
  
• Cultural Contributions: He supports the Charles Correa Foundation, preserving Goa’s architectural heritage.
  
  
• Accolades:- In 1991, the Government of India honored Shrinivas Dempo with the Padma Shri, one of the nation’s highest civilian awards, recognizing his contributions to industry and society.
  
  
• Personal Life:- Beyond business, Shrinivas Dempo is passionate about football and has significantly contributed to the sport’s development in Goa.

Male

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Married

Current Board Memberships/Associations

• Dempo Sports Club Private Limited
• Dempo Shipbuilding And Engineering Private Limited
• V. S. Dempo Holdings Private Limited 
• Goa Medical Research Private Limited
• Automobile Corporation of Goa Limited
• V.S. Dempo Mining Corporation Private Limited 
• Hindustan Foods Limited 
• Dempo Industries Private Limited
• Goa Carbon Limited 
• West Coast Hotels Private Limited 
• Marmagoa Shipping And Stevedoring Company Private Limited
• Esmeralda International Exports Limited LLP 
• Devashri Nirman LLP 
• Challengers Table Tennis Club LLP 
• Dempo Biz Nest LLP 
• Argent Trading LLP