Hurun India Rich List 2025 Full Report: The M3M Hurun India Rich List 2025 is out, and once again, it has sparked major conversations about India’s billionaires. Reliance’s Mukesh Ambani has reclaimed the No. 1 spot as India’s richest person, even though his net worth slipped by 6% to ₹9.55 lakh crore.
Hurun India Rich List 2025 Full Report
Here’s everything you need to know about the top 10 richest Indians of 2025, the dramatic changes, and the larger insights behind the numbers.
Mukesh Ambani
Mukesh Ambani and family are back on top with a net worth of ₹9.55 lakh crore.
His fortune fell by 6% compared to last year, largely due to corrections in Reliance’s core businesses like energy and petrochemicals.
Yet, despite the dip, Ambani overtook his main rival Gautam Adani proving that being No. 1 is not just about growth, but also about relative stability.
Gautam Adani
Gautam Adani and family secured the second spot, with wealth at ₹8.14 lakh crore.
His worth shrank by nearly 30% in just one year, one of the steepest falls among Indian billionaires.
Adani remains a central player in ports, power, and infrastructure, but his empire has faced valuation volatility and regulatory scrutiny.
Roshni Nadar Malhotra (India’s Richest Woman)
With ₹2.84 lakh crore, Roshni Nadar Malhotra, chairperson of HCL Technologies, is now India’s wealthiest woman and ranks third overall.
Her rise in the list showcase the increasing presence of women in India’s billionaire circles.
Cyrus Poonawalla: Hurun India Rich List 2025 Full Report
Cyrus S. Poonawalla, the vaccine tycoon behind Serum Institute of India, ranks fourth with ₹2.46 lakh crore.
His consistent position proves that healthcare and pharma remain resilient sectors, even in turbulent markets.
Kumar Mangalam Birla
Kumar Mangalam Birla is at the fifth place and family hold ₹2.32 lakh crore worth.
The Aditya Birla Group’s stronghold across metals, cement, telecom, and financial services keeps them among India’s top wealth families.
Niraj Bajaj
Niraj Bajaj and family climbed surprisingly to sixth place with ₹2.32 lakh crore, marking a stunning 43% increase in wealth from last year.
The reason behind this is strong performance in their diversified business portfolio, making Bajaj one of the biggest gainers of 2025.
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Top 10 Billionaires in 2025: Dilip Shanghvi
Founder of Sun Pharma, Dilip Shanghvi, is ranked seventh with ₹2.30 lakh crore.
His steady position underlines how India’s pharma sector continues to churn consistent billionaires.
Azim Premji
Wipro founder Azim Premji and family stand at eighth with ₹2.21 lakh crore.
While known for his wealth, Premji is equally admired for being one of India’s largest philanthropists, donating a significant portion of his fortune to social causes.
Hurun India Rich List 2025 Full Report: Gopichand Hinduja
At ninth place is Gopichand Hinduja and family with ₹1.85 lakh crore.
Their diversified global empire spanning automotive, banking, and infrastructure keeps the Hinduja name firmly on the rich list.
Radhakishan Damani
D-Mart founder Radhakishan Damani and family are in tenth place with ₹1.82 lakh crore.
Known for his conservative business style and retail empire, Damani remains one of the most respected names in India’s business circles.
Hurun India Rich List 2025 Full Report: Key Insights
The total number of “dollar billionaires” in India has risen to 358, marking one of the highest tallies in the Hurun list’s history.
Of those, 1,004 saw static or increased wealth, while 643 faced declines, and 139 fell off the list entirely.
Surprisingly, 66% of the list comprises of self-made people, and among the new entrants, 74% created their fortunes from scratch showing the startup- and innovation-driven wealth creation wave in India.
The pharmaceutical sector still leads the way with 137 new entrants, while the industrial, chemicals, and petrochemicals sectors follow next.
What may even be more exciting is the emergence of next-gen wealth: Aravind Srinivas (age 31, founder of Perplexity AI) was listed as the youngest billionaire with ₹21,190 crore.
Moreover, the emergence of young founders from biotech, deep tech, and AI is gaining pace, indicating that India’s wealth trend is gradually incorporating new industry frontiers.
The combined wealth of all listed individuals is estimated at ₹167 lakh crore, which is nearly half of India’s GDP.
On the geographic map, Mumbai remains the billionaire capital, housing 451 of these high-net-worth individuals; New Delhi (223) and Bengaluru (116) follows.
