Top 20 Millionaires In India

As of late 2025, India’s economic narrative is being written by a select group of industrial titans whose diversified interests span from green energy to high-end digital services. The nation’s billionaire class has shown remarkable adaptability, navigating global supply chain shifts and a domestic push for self-reliance. Led by the enduring rivalry and occasional collaboration of the Ambani and Adani empires, the list of India’s wealthiest individuals features a mix of traditional manufacturing veterans and modern technology pioneers. This article explores the top 20 millionaires and billionaires driving the Indian economy forward in 2025.

1. Mukesh Ambani

Reliance Industries (Oil, Telecom, Retail)

Mukesh Ambani remains the wealthiest individual in India and the only Indian member of the global centibillionaire club as of December 2025. With an estimated net worth of approximately $106 billion, his fortune is anchored by Reliance Industries, a conglomerate that has successfully transitioned from a traditional petrochemical giant into a digital and retail powerhouse. Ambani’s strategic focus over the last few years has been the “value unlocking” of his various subsidiaries, particularly Reliance Jio and Reliance Retail.

The 2025 financial year was particularly fruitful for Ambani, as a significant rally in Reliance stock added billions to his personal wealth. Investors have been buoyed by the anticipated initial public offerings of his telecom and retail arms, alongside his aggressive pivot towards green energy. The “Giga” factories in Jamnagar are now central to his vision, aiming to make Reliance a global leader in hydrogen and solar energy components. Beyond business, his residence, Antilia, continues to be a symbol of his immense success, while his family’s philanthropic efforts through the Reliance Foundation remain influential in Indian healthcare and education.

2. Gautam Adani

Adani Group (Infrastructure, Energy)

Gautam Adani holds the second position on the list with a net worth estimated at $85.2 billion in late 2025. Despite facing significant international legal and market challenges in late 2024, Adani has orchestrated a robust recovery by doubling down on India’s core infrastructure needs. His empire is a sprawling network of ports, airports, and power transmission lines that form the literal backbone of Indian commerce.

In 2025, Adani made a major announcement to invest over $75 billion in energy transition projects over the next five years. This includes the development of the world’s largest renewable energy park at Khavda in Gujarat, which is designed to generate 30 gigawatts of green energy. His ability to secure large-scale domestic contracts and pivot toward sustainable energy has helped restore investor confidence. Adani’s business philosophy is deeply aligned with the national goal of “Atmanirbhar Bharat” (Self-reliant India), ensuring his projects remain central to the country’s development path regardless of external market volatility.

3. Shiv Nadar

HCL Technologies (IT Services)

Shiv Nadar, the co-founder of HCL Technologies, is India’s leading tech billionaire with a net worth of approximately $34.5 billion. As a pioneer of the Indian IT revolution, Nadar transformed a small hardware firm started in a garage into a global software services giant. Although he has stepped back from active executive roles, his influence over HCL remains paramount through his strategic guidance and significant shareholdings.

Nadar is equally well-known in 2025 for his immense philanthropic contributions. Through the Shiv Nadar Foundation, he has donated billions toward education, establishing prestigious universities and schools that aim to nurture the next generation of Indian leaders. His wealth reflects the enduring strength of the Indian IT sector, which continues to thrive by providing cutting-edge digital transformation services to Fortune 500 companies. Nadar’s legacy is defined not just by the software his company creates, but by the educational infrastructure he has built for the nation.

4. Savitri Jindal & family

JSW Group (Metals, Energy)

Savitri Jindal remains the wealthiest woman in India, with a family net worth estimated at $40 billion in late 2025. As the chairperson emeritus of the O.P. Jindal Group, she oversees a diversified empire that spans steel, power, cement, and infrastructure. Since the passing of her husband, Om Prakash Jindal, she has successfully managed the transition of the business to her four sons, who lead various segments of the conglomerate.

The JSW Group, led by her son Sajjan Jindal, has been particularly active in 2025, expanding its steel production capacity and venturing deeper into the electric vehicle and green hydrogen sectors. Savitri Jindal herself is a figure of stability and tradition, balancing her business oversight with a quiet but effective presence in Indian politics and philanthropy. The family’s wealth has grown significantly as global demand for steel and infrastructure components remained high throughout 2025, solidifying the Jindal Group’s status as a pillar of Indian industry.

5. Sunil Mittal & family

Bharti Enterprises (Telecom)

Sunil Mittal, the chairman of Bharti Airtel, has seen a resurgence in his fortune, with a net worth of approximately $31.4 billion in late 2025. As a “Telecom Champion,” Mittal has navigated the hyper-competitive Indian mobile market to maintain Airtel’s position as a premium service provider. His wealth is primarily derived from his stake in Bharti Airtel, which has benefited from rising data tariffs and the successful rollout of 5G services across India.

In 2025, Mittal has also focused on expanding Airtel’s international footprint, particularly in Africa, where the company has become a leading provider of mobile money and data services. His business acumen is respected for its focus on capital efficiency and customer experience. Beyond telecom, Bharti Enterprises has interests in insurance, real estate, and hospitality. Mittal’s role as a global business leader was further cemented in 2025 by his appointment to several high-level international corporate boards, reflecting his status as one of India’s most successful and globally integrated entrepreneurs.

6. Dilip Shanghvi

Sun Pharmaceutical Industries (Pharma)

Dilip Shanghvi, the founder of Sun Pharmaceuticals, is India’s richest pharmaceutical tycoon with a net worth of about $28.9 billion in late 2025. Shanghvi is a self-made billionaire who started his journey by selling psychiatric drugs and grew his company through a series of bold, strategic acquisitions. Sun Pharma is now the largest pharmaceutical company in India and a major player in the global generics market.

Shanghvi is known for his low-key lifestyle and intense focus on research and development. In 2025, Sun Pharma has seen strong growth in its specialty medicines segment, particularly in the fields of dermatology and ophthalmology. Shanghvi’s ability to navigate complex global regulatory environments while maintaining cost-effective production has kept Sun Pharma at the top of the industry. His wealth is a testament to the “Pharmacy of the World” status that India holds, providing affordable and high-quality medicines to millions of people across the globe.

7. Radhakishan Damani

Avenue Supermarts (DMart) (Retail)

Radhakishan Damani, the founder of DMart, is often called the “Retail King of India,” with a net worth estimated at $24.2 billion. Known for his simple attire and reclusive nature, Damani is a veteran stock market investor who turned his attention to brick-and-mortar retail in 2002. DMart’s success is built on an owner-operated real estate model and a relentless focus on providing value to the Indian middle class.

By late 2025, Avenue Supermarts expanded to over 415 stores across the country, maintaining its reputation as India’s most profitable grocery retail chain. Damani’s investment strategy remains disciplined; he is known for exiting mature bets and entering adjacent sectors like luxury real estate and wellness. His wealth is largely tied to his majority stake in Avenue Supermarts, which continues to be a favorite of long-term investors due to its consistent earnings growth and debt-free balance sheet. Damani remains a mentor to many in the Indian financial community, embodying the virtues of patience and cost discipline.

8. Joseph Tsai

Serum Institute of India (Vaccines)

Cyrus Poonawalla, the founder of the Serum Institute of India, holds a net worth of approximately $25 billion in 2025. His company is the world’s largest vaccine manufacturer by volume, producing over 1.5 billion doses annually for diseases such as polio, measles, and influenza. While the COVID-19 pandemic brought the company global fame, its core strength lies in providing affordable immunisation to low-income countries.

In 2025, the Serum Institute, now led by his son Adar Poonawalla, has shifted focus toward new breakthroughs in malaria and cervical cancer vaccines. Cyrus Poonawalla was recently honored with a Lifetime Achievement Award for his contributions to global public health. His wealth is a reflection of his company’s ability to achieve massive scale while keeping life-saving medicines affordable. A well-known enthusiast of thoroughbred horses and luxury cars, Poonawalla balances his high-stakes medical business with a passion for the finer things in life, making him a unique figure in the Indian billionaire landscape.

9. Kumar Mangalam Birla

Aditya Birla Group (Diversified)

Kumar Mangalam Birla, chairman of the Aditya Birla Group, possesses a net worth of approximately $18.4 billion. Leading a $67 billion global conglomerate, Birla’s interests are incredibly diverse, covering metals (Hindalco), cement (UltraTech), fashion (Aditya Birla Fashion and Retail), and financial services. He is respected for his corporate governance and for modernising the century-old family business into a sleek, professionalised multinational.

By late 2025, UltraTech Cement solidified its position as the largest cement producer in India, while Hindalco become a global leader in aluminum recycling. Birla’s strategic moves in 2025 included the launch of a high-end jewellery brand and the further consolidation of his decorative paints business under the brand “Birla Opus.” He was also honored as the “Business Icon of the Year” in 2025, reflecting his steady leadership and ability to grow massive industrial assets in a competitive global environment. His fortune remains a pillar of the Indian industrial establishment.

10. Lakshmi Mittal

ArcelorMittal (Steel)

Lakshmi Mittal, the chairman of ArcelorMittal, had an estimated net worth of $31.4 billion in late 2025, making him one of the biggest gainers of the year. Although based in London, Mittal remains a central figure in the Indian business consciousness. ArcelorMittal is the world’s leading integrated steel and mining company, and its joint venture in India (AM/NS India) has become a major player in the domestic steel market.

Mittal’s wealth saw a significant boost in 2025 due to a rally in global steel prices and the strategic expansion of his Indian operations. He has been a vocal proponent of decarbonising the steel industry, investing heavily in carbon capture and green steel technologies. Mittal’s success is a story of global consolidation; he took numerous struggling steel plants around the world and turned them into a single, profitable empire. His wealth is a direct result of his ability to manage complex global supply chains and anticipate the cyclical nature of the commodities market.

11. Kushal Pal Singh

DLF (Real Estate)

Kushal Pal Singh, the chairman emeritus of DLF, has a net worth of approximately $14.3 billion. He is widely credited with transforming the landscape of modern India by developing Gurgaon (now Gurugram) from a barren village into a global hub for multinational corporations and luxury residential complexes. DLF remains India’s largest publicly listed real estate company.

In 2025, DLF benefited from a historic boom in the Indian residential property market. The demand for luxury housing and high-end office spaces has driven the company’s valuation to new heights. Although Singh has handed over the executive reins to his son Rajiv Singh, his presence is still felt in the strategic direction of the firm. K.P. Singh is a legendary figure in Indian business circles, known for his persistence and his role in opening up the Indian economy to foreign direct investment in the 1990s. His wealth reflects the physical transformation of India’s urban centers.

12. Uday Kotak

Kotak Mahindra Bank (Banking)

Uday Kotak, the founder of Kotak Mahindra Bank, had an estimated net worth of $12.5 billion in late 2025. Kotak is unique among Indian bankers for having built a full-service financial institution from scratch, starting as a small finance house in the 1980s. He stepped down as CEO in 2023 but remains a significant shareholder and a non-executive director, continuing to guide the bank’s long-term vision.

In 2025, Kotak Mahindra Bank is recognised as one of India’s most efficient and technologically advanced private banks. Uday Kotak himself is often consulted by the government and regulatory bodies on matters of financial stability and corporate governance. His wealth is a product of his disciplined approach to lending and his ability to build a trusted brand in a sector often plagued by bad loans. A lover of Indian classical music, Kotak is known for his sharp intellect and his ability to simplify complex financial issues, making him one of the most respected voices in the Indian economy.

13. Azim Premji

Wipro Group (IT Services)

Azim Premji, the former chairman of Wipro, has a net worth of approximately $11.3 billion. While this figure is lower than some of his peers, it is largely because Premji has donated the vast majority of his wealth to his philanthropic foundation. Often referred to as the “Czar of the Indian IT Industry,” Premji turned a small vegetable oil company into a global software powerhouse.

By late 2025, Wipro continues to be a major player in the global IT services market, although it has faced stiff competition from newer, more agile firms. Premji’s wealth is now primarily managed through PremjiInvest, one of India’s most successful private equity firms. His legacy, however, is firmly rooted in his philanthropy. The Azim Premji Foundation is one of the world’s largest private endowments, focusing on improving the quality of elementary education in rural India. Premji’s minimalist lifestyle and commitment to social causes have made him a moral compass for the Indian business community.

14. Mangal Lodha & family

Lodha Group (Real Estate)

Mangal Prabhat Lodha, the founder of the Lodha Group (Macrotech Developers), had an estimated net worth of $11.2 billion in late 2025. The Lodha Group is synonymous with luxury real estate in India, responsible for some of the tallest and most expensive residential towers in Mumbai, including the iconic World One. Lodha is also an active politician, serving as a prominent leader in the state of Maharashtra.

In 2025, the Lodha Group saw its market capitalisation swell as it successfully reduced its debt and capitalised on the surging demand for premium housing. The company has also expanded into industrial and logistics parks, diversifying its revenue streams. Mangal Lodha’s wealth reflects the intense concentration of value in Mumbai’s real estate market. Under the leadership of his sons Abhishek and Abhinandan, the company has modernised its operations, focusing on timely delivery and high-end amenities that cater to India’s growing elite class.

15. Pankaj Patel

Zydus Lifesciences (Pharma)

Pankaj Patel, the chairman of Zydus Lifesciences, had a net worth of approximately $10.1 billion in late 2025. Zydus is a leading Indian pharmaceutical company with a strong presence in the United States and India. Patel has been instrumental in shifting the company’s focus from simple generics to innovation-led research, including the development of new chemical entities and biosimilars.

In 2025, Zydus gained significant attention for its work in the fields of oncology and rare diseases. Patel is known for his strategic acquisitions and his ability to spot trends in the global healthcare market early. He has also been a major contributor to the development of the Indian pharmaceutical ecosystem, serving on various government committees and educational boards. His wealth is a product of his family’s long-standing involvement in the medicine business and his own drive to move the Indian pharma industry up the value chain toward original research.

16. Ravi Jaipuria

RJ Corp (Fast Food, Beverages)

Ravi Jaipuria, the chairman of RJ Corp, holds a net worth of approximately $13.1 billion in late 2025. Jaipuria is India’s “Bottling King,” serving as one of the largest franchisees for PepsiCo globally. His company, Varun Beverages, handles the bottling and distribution of Pepsi products across several countries, while his other firm, Devyani International, operates hundreds of KFC, Pizza Hut, and Costa Coffee outlets in India.

By late 2025, Varun Beverages become a darling of the stock market, with its shares reaching record highs due to strong volume growth and expanding margins. Jaipuria’s wealth has grown exponentially as the Indian middle class spends more on discretionary consumption and out-of-home dining. He is known for his operational excellence and his ability to manage massive, high-speed distribution networks. His fortune is a direct reflection of the rising aspirations of the Indian consumer and the massive scale of the country’s food and beverage market.

17. Rekha Jhunjhunwala

Investments

Rekha Jhunjhunwala, the widow of the legendary investor Rakesh Jhunjhunwala, has a net worth of approximately $6.1 billion in late 2025. Her wealth is derived from a massive portfolio of Indian stocks, including significant stakes in Titan Company, Star Health Insurance, and Metro Brands. Since her husband’s passing in 2022, the portfolio has been managed by a team of professional advisors, continuing the legacy of the “Big Bull” of the Indian market.

In 2025, her portfolio has performed exceptionally well, driven by the strong growth of the Indian consumer sector. Rekha Jhunjhunwala is a quiet figure who maintains a low public profile, yet her stock market moves are closely watched by retail investors across the country. Her wealth symbolises the potential of the Indian equity market to create immense value through long-term, disciplined investing in quality companies. She remains one of the most significant individual investors in India, with a fortune that continues to grow alongside the national economy.

18. Bajaj Family

Bajaj Group (Diversified)

The Bajaj family, led by Niraj Bajaj, has a collective net worth estimated at $27.3 billion in late 2025. The Bajaj Group is one of India’s oldest and most respected business houses, with interests in two-wheelers (Bajaj Auto), financial services (Bajaj Finserv), and home appliances (Bajaj Electricals). The family is known for its strong ethical values and its role in India’s struggle for independence.

In 2025, Bajaj Auto successfully navigated the transition to electric vehicles, with its Chetak electric scooter becoming a major player in the market. Meanwhile, Bajaj Finserv has become a financial supermarket, providing insurance and lending services to millions of Indians. The family’s wealth has remained stable and growing due to the professional management of their diverse interests and their ability to maintain market leadership in core sectors. The Bajaj name remains a household word in India, synonymous with reliability and middle-class aspiration.

19. Hinduja family

Diversified

The Hinduja family, led by Gopichand Hinduja, had a net worth of approximately $22.2 billion in late 2025. The Hinduja Group is a global conglomerate with a presence in over 30 countries and interests in banking (IndusInd Bank), automotive (Ashok Leyland), and energy. Although the family is based internationally, their roots and many of their core businesses remain firmly in India.

By late 2025, Ashok Leyland see a surge in demand for its commercial vehicles as India’s infrastructure projects pick up pace. The family’s banking arm, IndusInd, has also performed well, benefiting from a robust credit environment. The Hindujas are known for their tight-knit family structure and their ability to use their global connections to foster business growth. Their wealth is a product of their diversified, international approach and their long-standing commitment to the Indian industrial and financial sectors.

20. Shapoor Mistry & family

Diversified

Shapoor Mistry and his family have a net worth of approximately $10.6 billion in late 2025. As the heads of the Shapoorji Pallonji Group, they control an 18.4% stake in Tata Sons, the holding company of the Tata Group, which is the source of much of their massive wealth. The SP Group itself is a construction and engineering giant, responsible for some of the most complex projects in India and the Middle East.

In 2025, the Mistry family focused on deleveraging their group and refocusing on their core engineering and real estate businesses. Despite the legal battles of the past with the Tata Group, the value of their stake in Tata Sons continues to grow as Tata companies like TCS and Tata Motors perform exceptionally well. The family’s wealth reflects the deep interconnectedness of India’s corporate elite. Shapoor Mistry is known for his resilience and his focus on rebuilding his group’s reputation and financial health after a period of significant turbulence.

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Frequently Asked Questions

Who is the richest person in India as of late 2025?

Mukesh Ambani is the richest person in India as of late 2025, with an estimated net worth of approximately $106 billion. He is the chairman of Reliance Industries.

How did Gautam Adani recover his wealth in 2025?

making a massive pivot toward green energy. Strong domestic demand for his ports, airports, and power services helped restore investor confidence.

Which sector has produced the most billionaires in India?

The diversified conglomerate sector (like Reliance and Adani) and the IT services sector (like HCL and Wipro) have traditionally produced the most wealth. However, the pharmaceutical and retail sectors are also significant contributors.

Is there a female billionaire on the top list for India?

Yes, Savitri Jindal is the wealthiest woman in India. She leads the O.P. Jindal Group and has a family net worth of approximately $40 billion in late 2025.

What is the significance of the Serum Institute of India's wealth?

The wealth of Cyrus Poonawalla and the Serum Institute signifies India's global leadership in vaccine manufacturing. It highlights the country's ability to produce life-saving medicines at a scale and price point that few other nations can match.

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Top 20 Millionaires In India

1. Mukesh Ambani

Reliance Industries (Oil, Telecom, Retail)

2. Gautam Adani

Adani Group (Infrastructure, Energy)

3. Shiv Nadar

HCL Technologies (IT Services)

4. Savitri Jindal & family

JSW Group (Metals, Energy)

5. Sunil Mittal & family

Bharti Enterprises (Telecom)

6. Dilip Shanghvi

Sun Pharmaceutical Industries (Pharma)

7. Radhakishan Damani

Avenue Supermarts (DMart) (Retail)

8. Joseph Tsai

Serum Institute of India (Vaccines)

9. Kumar Mangalam Birla

Aditya Birla Group (Diversified)

10. Lakshmi Mittal

ArcelorMittal (Steel)

11. Kushal Pal Singh

DLF (Real Estate)

12. Uday Kotak

Kotak Mahindra Bank (Banking)

13. Azim Premji

Wipro Group (IT Services)

14. Mangal Lodha & family

Lodha Group (Real Estate)

15. Pankaj Patel

Zydus Lifesciences (Pharma)

16. Ravi Jaipuria

RJ Corp (Fast Food, Beverages)

17. Rekha Jhunjhunwala

Investments

18. Bajaj Family

Bajaj Group (Diversified)

19. Hinduja family

Diversified

20. Shapoor Mistry & family

Diversified

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Frequently Asked Questions

Who is the richest person in India as of late 2025?

How did Gautam Adani recover his wealth in 2025?

Which sector has produced the most billionaires in India?

Is there a female billionaire on the top list for India?

What is the significance of the Serum Institute of India's wealth?

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