The incident took place at around 12 noon, when the entrepreneur's wife, Karuna (30) and her two-year-old daughter were alone at home, police said.
The accused reached the house of Nirankar Sharma, who owns a medicine factory at Haryana's Bahadurgarh, and forced inside once the door was opened, said a police officials.
They allegedly pointed guns toward the women and her daughter and locked them inside the bathroom. Then they allegedly ransacked the house and went away with cash and jewellery after breaking open the locker, said the official.
The police have registered a case and investigation is underway, the official added.