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Vikas Rambal, once a migrant seeking opportunity in a new land, is now the 31st richest person in Australia with a staggering net worth of $4.98 billion, according to the 2025 Australian Financial Review Rich List. But for Rambal, this is just the beginning.
His journey began in 2000, when he migrated from India to Australia. One defining moment early in his career — being asked, “How many cars does India have?” — struck a chord. It wasn’t just about numbers. It was a challenge to the identity, capability, and potential of the Indian community in Australia.
“That’s when I decided I needed to establish myself,” says Rambal, now the Founder, Managing Director, and Chair of the Perdaman Group.
Over the last two decades, Rambal has emerged as a key figure in chemical manufacturing, with Perdaman spearheading Australia’s largest fertiliser project — a $6 billion plant on the Burrup Peninsula. The facility will transform gas from Woodside’s Scarborough Gas Project into 2.3 million tonnes of urea annually, fueling both domestic and global markets.
While his wealth grows, Rambal insists his mission is about building people — not just profits.
“Wealth isn’t my primary focus; it’s growth that drives me. My goal is to create more millionaires.”
Initially drawn to the idea of launching a solar farm, Rambal pivoted toward manufacturing, seeing it as the future of Australia. With a vision of building projects from the ground up — not merely acquiring existing ventures — he recalls how lenders once flew to India to verify his credentials.
“I believe what we lack as a community is a strong identity, despite all the hard work we’ve put in here,” he reflects.
Now, with billions in assets and projects that shape Australia’s industrial future, Rambal is using his influence to empower young talent, especially within the Indian-Australian community, to become wealth creators in their own right.
“If I can create more millionaires, I’ll rise as a billionaire automatically. That’s my vision.”
