The Hurun India Rich List is a detailed ranking of the richest people in India that provides insight into India’s changing wealth picture. It indicates economic trends, sectoral changes, and new billionaires who are building the future. With growing economic expansion in India comes an expanding list of high-net-worth individuals, so this ranking is an essential tool for financial power dynamics understanding in India.

1. What is the Hurun India Rich List?

The Hurun Report is a globally recognized authority on wealth rankings. Started in London by Rupert Hoogewerf in 1999, It is associated with high-net-worth individuals (HNWIs) globally. The Hurun India Rich List, set up in 2012, is an extension of this exercise studying India’s wealth creators.

Methodology Behind the Rankings

The Hurun India Rich List is meticulously prepared with transparent and consistent methodologies. The lists are decided based on the net worth of the individual as of a date during a year. The sources used are publicly available data such as stock market valuations, company filings, and other sound financial sources. This renders the list trustworthy and honesty.

The list is not only about numbers—it provides an insight into how these billionaires acquired their wealth, what their business is, and how they contribute to society through donations and investments.

2. India’s Richest Billionaires in the Latest List

The 2025 Hurun India Rich List features familiar names alongside rising stars. Here’s a breakdown of the top 10 wealthiest Indians:

1. Mukesh Ambani – ₹9,11,200 Cr ($109 Bn)

• Company: Reliance Industries
• Industry: Oil & Gas, Telecom, Retail
• Key Fact: Expanded into 5G, green energy, and AI, solidifying his position as Asia’s richest person.

2. Gautam Adani – ₹6,88,500 Cr ($82.5 Bn)

• Company: Adani Group
• Industry: Infrastructure, Energy, Ports
• Key Fact: Made a strong recovery after the Hindenburg report, with Adani Green Energy leading growth.

3. Savitri Jindal – ₹2,91,900 Cr ($35 Bn)

• Company: OP Jindal Group
• Industry: Steel, Power
• Key Fact: Richest woman in India; chairs Jindal Steel & Power after husband’s demise.

4. Shiv Nadar – ₹2,28,900 Cr ($27.4 Bn)

• Company: HCL Technologies
• Industry: IT Services
• Key Fact: One of India’s most philanthropic billionaires, donating over ₹12,000 Cr to education.

5. Cyrus Poonawalla – ₹2,17,500 Cr ($26 Bn)

• Company: Serum Institute of India
• Industry: Pharmaceuticals
• Key Fact: World’s largest vaccine manufacturer; played a key role in global COVID-19 vaccine supply.

6. Dilip Shanghvi – ₹1,79,400 Cr ($21.5 Bn)

• Company: Sun Pharmaceuticals
• Industry: Pharma
• Key Fact: Sun Pharma is India’s top drugmaker, with a strong global presence.

7. Lakshmi Mittal – ₹1,65,200 Cr ($19.8 Bn)

• Company: ArcelorMittal
• Industry: Steel
• Key Fact: Global steel tycoon; major player in Europe and India.

8. Kumar Birla – ₹1,53,800 Cr ($18.4 Bn)

• Company: Aditya Birla Group
• Industry: Cement, Metals, Telecom
• Key Fact: Diversified conglomerate with stronghold in emerging markets.

9. Radhakishan Damani – ₹1,42,600 Cr ($17.1 Bn)

• Company: Avenue Supermarts (D-Mart)
• Industry: Retail
• Key Fact: Retail king; D-Mart’s expansion continues to drive wealth.

10. Uday Kotak – ₹1,38,900 Cr ($16.6 Bn)

• Company: Kotak Mahindra Bank
• Industry: Banking & Finance
• Key Fact: Self-made banker; stepped down as CEO but retains major stake.

3. Fastest-Growing Billionaires in India

The latest list reveals not just who is wealthy but also who is growing their wealth at an extraordinary pace.

New Entrants

India boasts 284 billionaires in this year’s rich list, which speaks volumes about the success of its entrepreneurial ecosystem. Among the new entrants, the following need to be highlighted:

• Harshil Mathur and Shashank Kumarare founders of Razorpay. Their fintech venture has transformed digital payments in India.
• Nikhil Kamathis Co-founder of Zerodha. His broking platform enabled millions to invest in the stock market easily.

Largest Wealth Gainers

• Gautam Adani increased more than ₹1 lakh crore in his wealth in times of volatile in the market.
• Businessmen who had business in renewable energy and start-ups of technology gained their wealth manyfold.

4. Industries Producing the Most Billionaires

Top Sectors with the Highest Billionaire Count

1. Technology and IT – Software giants like Infosys, HCL, and Wipro.
2. Banking & Finance – Prominent banking tycoons from HDFC, Kotak Mahindra, and ICICI.
3. Manufacturing & Infrastructure – Cement, steel, and power sector leaders.
4. Retail & Consumer Goods – Entrepreneurs behind brands like DMart and Big Bazaar.
5. Pharmaceuticals & Healthcare – Growth due to rising healthcare demands.

Emerging Sectors Shaping Future Wealth

• Fintech – India’s digital payment boom is creating new billionaires.
• Electric Vehicles (EVs) – Billionaires investing in sustainable transport.
• Artificial Intelligence & Automation – Tech-driven entrepreneurs are on the rise.

5. Regional Insights: Where India’s Billionaires Live

Cities with the Most Billionaires

• Mumbai – India’s financial hub with the highest number of billionaires.
• Delhi – Home to many business leaders in finance and real estate.
• Bangalore – India’s Silicon Valley, producing tech billionaires.

The Rise of New Business Hubs

• Hyderabad – Growth in pharmaceuticals and IT sectors.
• Chennai – Emerging in manufacturing and auto industries.
• Pune – A growing hub for startups and biotech companies.

6. Women Billionaires in the Hurun India Rich List

Top 5 Wealthiest Women (2024)

1. Savitri Jindal (OP Jindal Group) – ₹1,18,400 Cr
2. Kiran Mazumdar-Shaw (Biocon) – ₹34,500 Cr
3. Falguni Nayar (Nykaa) – ₹28,900 Cr
4. Vinod Rai Gupta (Havells) – ₹22,100 Cr
5. Leena Gandhi Tewari (USV Pharma) – ₹18,700 Cr

Self-Made Women Billionaires

• Falguni Nayar (Nykaa) – From investment banker to beauty mogul
• Divya Gokulnath (Byju’s) – Edtech pioneer
• Radha Vembu (Zoho) – Bootstrapped Zoho to become India’s most profitable SaaS company
• Jayshree Ullal (Arista Networks) – Silicon Valley tech leader driving Arista’s $100B+ market cap

7. Impact of Billionaires on India’s Economy

India’s billionaires are important drivers of economic growth:

1. GDP Contribution: Together, they make a large contribution to India’s GDP through their enterprises.
2. Job Creation: Businesses owned by these billionaires provide jobs to millions in different industries.
3. Philanthropy: Some of the leaders such as Ratan Tata have established standards of corporate social responsibility by investing significantly in health, education, and rural development.
4. Startup Investments: Numerous billionaires are actively investing in startups, driving innovation and entrepreneurship.

Their impact goes beyond economics—they define society’s progress through philanthropy and intellectual leadership.

The latest Hurun India Rich List offers more than just names and numbers—it provides a window into India’s economic trajectory. From industrial giants like Gautam Adani to tech pioneers like Shiv Nadar and rising stars from fintech startups, these billionaires represent the best of what India has to offer.

As new industries develop and local hubs gain stature, India’s billionaire ranks will only increase—solidifying its position as among the world’s most dynamic economies. For emerging entrepreneurs and business leaders alike, this list serves as an inspiration and a blueprint for success in a changing world.

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