The report captured individuals with a minimum net worth of Rs 5 billion, including entrepreneurs, professionals, investors, and heirs. The median net worth stands at Rs 14.2 billion.
Mumbai leads, digital disruptors rise
Mumbai emerged as the country’s undisputed financial hub, with 577 wealth creators accounting for 40% of total wealth. New Delhi and Bengaluru followed with 17% and 8% respectively. Ahmedabad contributed 5%.
India also boasts 143 active wealth creators under the age of 40, many leading digital-first ventures. Shashwat Nakrani of BharatPe is the youngest on the list at 27.
The wealth concentration is notably high, with 161 individuals worth over Rs 100 billion, and 169 in the Rs 50–100 billion range. Families and promoters from Reliance Industries, the Tata Group, and the Adani Group account for roughly 24% of promoter wealth, estimated at Rs 36 lakh crore.
Sectoral trends and gender gaps
Banking, telecom, and aviation sectors top the charts in average individual wealth, ranging from Rs 7,900 crore to Rs 8,500 crore. Pharmaceuticals leads in the number of wealthy individuals, followed by financial services and IT.
Women own 24% of India’s wealth, with stronger representation of about 33% in pharma and around 24% in financial services.Isha Ambani is the richest woman on the list, while 72 women are noted for actively creating business value or founding companies, 21 of whom are first-generation entrepreneurs largely focused on IT, financial services, and e-commerce.
Wealth anchored in listed firms
A staggering 93% of the wealth is linked to publicly listed companies. The remaining 7% is derived from unlisted firms. Additionally, Rs 50 trillion is held in promoter trusts and controlled entities. The Sir Dorabji Tata Trust and Sir Ratan Tata Trust together hold Rs 8.2 trillion.
The report highlighted that 62% of wealth creators are still actively engaged in their businesses, while around 40% are classified as passive wealth holders. Among first-generation entrepreneurs under 40, 60% of their wealth stems from platforms in broking, fintech, edtech, and e-commerce. Thirty of them are innovators in cutting-edge areas such as AI, SaaS, and biotech.
India’s top 50 business houses account for 59% of the tracked wealth. Reliance Industries and Adani Enterprises alone control 12%.
Also read | Tata Motors shares slide 8% in 4 days; brokerages trim forecasts, flag margin risks — should you stay invested?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
By
