India's financial powerhouse Maharashtra is home to some of the country's wealthiest individuals whose collective net worth exceeds ₹28 lakh crore ($337.35 billion), as of September 19, 2025. These billionaires have built vast business empires across sectors like petrochemicals, telecommunications, construction, pharmaceuticals, and IT services. Their influence is not limited to Mumbai, but extends across multiple states through their sprawling factories, technology parks, and projects in various sectors. Many of them have successfully modernised their empires, while some are first-generation entrepreneurs and have transformed local enterprises into global giants. (Image: Shutterstock)

CNBCTV18·author

Published Oct 01, 2025 | 9:05 AM GMT-04

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The M3M Hurun India Rich List 2025 has been released and offers a comprehensive snapshot of India's wealthiest individuals and families, reflecting shifts in fortunes across key sectors such as energy, technology, pharmaceuticals, and retail. The list ranks the country's richest based on their net worth in 2025, highlighting both long-standing industrial giants and emerging leaders. Despite global market fluctuations and domestic challenges, the cumulative wealth of India's top entrepreneurs highlights resilience and adaptability of Indian businesses. (Image: Reuters)

Topping the list is none other than billionaire Mukesh Ambani and family, followed by Gautam Adani and family. A notable highlight of the list is the debut of a woman entrepreneur at the third spot, who is also the richest woman in India. The report captures some wealth fluctuations, with some business leaders witnessing sharp declines in their wealth, while others posted record gains. Nonetheless read on to find out the net worth of the top 10 billionaires in India, starting from the tenth spot. (Image: Reuters)

No 10. Radhakishan Damani and Family | Net worth: ₹1,82,980 crore | Down 4% from the previous year, Radhakishan Damani's has a net worth of ₹1,82,980 crore and as the founder of Avenue Supermarts (DMart), he revolutionised India’s retail sector with a high-efficiency, low-cost model. Known for his low-profile demeanour and sharp investing acumen, Damani remains a force in both retail and stock market circles.

No 9. Gopichand Hinduja and Family | With ₹1,85,310 crore in wealth, Gopichand Hinduja and family rank ninth despite a modest 4% decline. Operating from London, the family oversees a diversified multinational group with interests in banking, energy, and transport. The Hinduja Group's global reach and long-standing presence in business keep them among India’s wealthiest families.

No 9. Gopichand Hinduja and Family | Net worth: ₹1,85,310 crore | Gopichand Hinduja and family rank ninth despite a modest 4% decline. Operating from London, the family oversees a diversified multinational group with interests in banking, energy, and transport. The Hinduja Group's global reach and long-standing presence in business keep them among India’s wealthiest families. (Image: Reuters)

No 8. Azim Premji and FamilyAzim Premji and his family have a wealth of ₹2,21,250 crore, marking a 16% increase from the previous year. Known equally for his role in building Wipro and his philanthropic contributions, Premji is one of India’s most respected business leaders. His disciplined investment and social impact work continue to shape his legacy. (CNBC-TV18)

No 8. Azim Premji and Family | Net worth: ₹2,21,250 crore | Azim Premji and his family have a wealth of over ₹2,21,250 crore marking a 16% increase from the previous year. Known equally for his role in building Wipro and his philanthropic contributions, Premji is one of India’s most respected business leaders. His disciplined investment and social impact work continue to shape his legacy. (Image: CNBC-TV18)

No 7. Dilip Shanghvi | With a net worth of ₹2,30,560 crore, Dilip Shanghvi remains one of the most influential figures in Indian pharmaceuticals. He founded Sun Pharmaceutical Industries, which has grown into India’s largest drugmaker and a global player in generics. Despite an 8% dip in wealth, his impact on affordable healthcare continues to be significant.

No 7. Dilip Shanghvi | Networth: ₹2,30,560 crore | Dilip Shanghvi remains one of the most influential figures in Indian pharmaceuticals. He founded Sun Pharmaceutical Industries, which has grown into India’s largest drugmaker and a global player in generics. Despite an 8% dip in wealth, his impact on affordable healthcare continues to be significant. (Wikimedia Commons)

No 6. Niraj Bajaj and Family | Niraj Bajaj has seen an impressive 43% rise in his wealth, now standing at ₹2,32,680 crore. As a key member of the Bajaj Group, he has contributed to the group’s rise in the auto, finance, and electrical sectors. His growing fortune reflects strong business performance and market confidence in the group's legacy brands.

No 6. Niraj Bajaj and Family | Net worth: ₹2,32,680 crore | Niraj Bajaj has seen an impressive 43% rise in his wealth, now standing at ₹2,32,680 crore. As a key member of the Bajaj Group, he has contributed to the group’s rise in the auto, finance, and electrical sectors. His growing fortune reflects strong business performance and market confidence in the group's legacy brands.

No 5. Kumar Mangalam Birla and Family | Kumar Mangalam Birla holds the fifth position with ₹2,32,850 crore in wealth, showing remarkable stability with only a 1% decrease. Leading the Aditya Birla Group, he oversees a multi-sector empire ranging from cement and metals to telecom and financial services. His disciplined growth strategy has earned him a reputation for steady, long-term leadership.

No 5. Kumar Mangalam Birla and Family | Net worth: ₹2,32,850 crore | Kumar Mangalam Birla holds the fifth position with ₹2,32,850 crore in wealth, showing remarkable stability with only a 1% decrease. Leading the Aditya Birla Group, he oversees a multi-sector empire ranging from cement and metals to telecom and financial services. His disciplined growth strategy has earned him a reputation for steady, long-term leadership.

No 4. Cyrus S Poonawalla and Family | Cyrus Poonawalla, with a net worth of ₹2,46,460 crore, remains a key figure in global healthcare through the Serum Institute of India. Despite a 15% drop in wealth, his company remains the world’s largest vaccine producer and continues to expand globally. His legacy in pharmaceuticals has had a lasting impact, especially post-COVID.

No 4. Cyrus S Poonawalla and Family | Net worth: ₹2,46,460 crore | Cyrus Poonawalla, with a net worth of ₹2,46,460 crore, remains a key figure in global healthcare through the Serum Institute of India. Despite a 15% drop in wealth, his company remains the world’s largest vaccine producer and continues to expand globally. His legacy in pharmaceuticals has had a lasting impact, especially post-COVID.

No 3. Roshni Nadar Malhotra and Family | Net worth: ₹2,84,120 crore | Debuting at third place with ₹2,84,120 crore, Roshni Nadar Malhotra becomes the richest woman in India. As chairperson of HCLTech, she has played a pivotal role in steering the company’s global IT operations and brand positioning. Her inclusion marks a significant milestone for women in Indian business leadership.

No 2. Gautam Adani and Family | With a wealth of ₹8,14,720 crore, Gautam Adani holds the second spot, even after experiencing a significant 30% dip in net worth. The Adani Group has faced volatility due to market scrutiny and global investor concerns but continues to be a key player in infrastructure, ports, and energy. Adani’s resilience and rapid diversification remain central to India’s industrial story.

No 2. Gautam Adani and Family | Net worth: ₹8,14,720 crore | With a wealth of ₹8,14,720 crore, Gautam Adani holds the second spot, even after experiencing a significant 30% dip in net worth. The Adani Group has faced volatility due to market scrutiny and global investor concerns, but continues to be a key player in infrastructure, ports, and energy.

No 1. Mukesh Ambani and Family | Mukesh Ambani continues to top the list as India’s richest person, with a net worth of ₹9,55,410 crore. Despite a 6% decline from the previous year, his conglomerate, Reliance Industries, remains dominant across energy, retail, and digital sectors. Ambani’s succession planning and ongoing expansion into green energy and telecom are closely watched by the global business community. (Image: Reuters)

No 1. Mukesh Ambani and Family | Net worth: ₹9,55,410 crore | Mukesh Ambani continues to top the list as India’s richest person, with a net worth of ₹9,55,410 crore. Despite a 6% decline from the previous year, his conglomerate, Reliance Industries, remains dominant across energy, retail, and digital sectors. Ambani’s succession planning and ongoing expansion into green energy and telecom are closely watched by the global business community. (Image: Reuters)

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