They are India's richest children. Heirs to India's most wealthy companies, they are in an enviable position. Some of them have already taken charge of their business empires.

Meet India's billionaire kids...

Akash, Isha and Anant Ambani

Children of Mukesh Ambani, India's richest man, Akash, Isha and Anant Ambani are among the youngest billionaire heirs in India.

Reliance chairman Mukesh Ambani is the second richest Indian.

Mukesh Ambani's net worth in 2011: Rs 1,53,822.45 crore (Rs. 1,538.224 billion)

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Ananyashree, Aryaman Vikram and Advaitesha Birla

Birla's three children will inherit the entire wealth of the Birla empire.

Kumar Mangalam Birla's net worth in 2011: Rs 53,505.12 crore (Rs. 535.051 billion)

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Nisaba Godrej and Tanya Dubash

Adi Godrej's daughters, Nisaba Godrej and Tanya Dubash play a key role in the company.

Nisaba is the president, Human Capital and Innovation for Godrej Industries and associate companies.

Tanya Dubash is on the boards of several Godrej Group companies.

Adi Godrej's net worth in 2011: Rs 16,535.94 crore (Rs 165.359 billion)

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Aditya and Vanisha Mittal

Lakshmi Mittal's son Aditya Mittal is the chief financial officer, (CFO) of the world's largest steel firm Arcelor Mittal.

Vanisha Mittal has been a Director at LNM Holdings (the holding company for the Mittal group), Arcelor Mittal, Mittal Steel, Temirtau JSC Since 2004.

Lakhsmi Mittal's net worth: $31.1 billion

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Siddhartha Mallya

Heir to the Mallya group of companies, Siddhartha Mallya was educated at Wellington College in the UK and Queen Mary's College in the University of London.

Vijay Mallya's net worth in 2011: Rs 15,075.22 crore (Rs 150.752 billion)

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Pia Singh

Kushal Pal Singh's daughter, Pia Singh serves as the managing director of DT Cinemas, and DLF Retail Developers.

She has worked for the risk undertaking department of GE Capital and the investment division of General Electric, US. She serves as whole-time director of DLF Limited.

Kushal Pal Singh's net worth in 2011: Rs 35,665.94 crore (Rs. 356.659 billion)

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Rishad Premji

Rishad Premji, son of Wipro chairman Azim Premji joined his father, in 2007, after working for a while with Bain & Co and General Electric.

Azim Premji's net worth in 2011: Rs 93,148.56 crore (Rs 931.485 billion)

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Roshni Nadar

Roshni Nadar, Shiv Nadar's daughter is the executive director and the CEO of HCL Corporation.

Shiv Nadar's net worth in 2011: Rs 22,244.84 crore (Rs. 222.448 billion)

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Jai Anmol and Jai Anshul Ambani

Anil Ambani's sons, Anmol and Anshul will take over the ADAG enterprise.

Anil Ambani's net worth in 2011: Rs 61,663.12 crore (Rs 616.631 billion)

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Eiesha, Kavin and Shravin Mittal

Eiesha, Kavin and Shravin Mittal are heirs of the telecom giant, Bharti Airtel.

Sunil Mittal's net worth in 2011: Rs 92,714.49 crore (Rs 927.144 billion)

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Shashwat Goenka

Shashwat Goenka is the son of Sanjiv Goenka, vice chairman of RPG enterprises.

Sanjiv Goenka's net worth: $1.4 billion

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Lakshmi Venu

Lakshmi Venu, daughter of TVS Motor's managing director Venu Srinivasan, is the vice president (global business development and strategy) for Sundaram Clayton Ltd, the holding company of TVS Motors.

Lakshmi Venu has married Infosys co-founder and chief mentor N R Narayana Murthy's son, Rohan Murthy.