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How the fertiliser king of WA grew a $5b fortune with no one noticing

How the fertiliser king of WA grew a $5b fortune with no one noticing

Vikas Rambal has quietly built a $5 billion business empire in manufacturing, property and solar, and catapulted onto the Rich List.

A portrait of Perdaman Group founder Vikas Rambal and Rich List 2025 member in his Perth office overlooking the Swan River.

Perdaman Group founder Vikas Rambal in his Perth office overlooking the Swan River. “From my experience, Australia is a place where individuals get a fair go.” Trevor Collens

Key Statistics

  • 31Rich List 2025 ranking
  • $4.98 billionNet wealth

When Vikas Rambal left his home in India’s capital 25 years ago and landed in the remote West Australian Pilbara, he immediately sensed opportunity.

Visiting Karratha for the first time, Rambal, now 57, says he was struck by a gut intuition that he could pull off his life’s dream, and that WA was where he was meant to live.

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Yolanda Redrup
Yolanda RedrupRich List editorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/rich-list/how-the-fertiliser-king-of-wa-grew-a-5b-fortune-with-no-one-noticing-20250515-p5lzfx