India’s wealth map is becoming more layered than ever. Mumbai has cemented its crown as the country’s billionaire capital, leading the M3M Hurun India Rich List 2025 with 451 entrants, a leap from 255 in 2021, and home to Asia’s richest, Mukesh Ambani & family, with 91 billionaires. Advertisement

New Delhi follows with 223 names, led by Roshni Nadar Malhotra & family, and counts 70 billionaires. Bengaluru, with 116 entrants, is powered by Azim Premji & family, while Hyderabad with 102, Chennai with 94, and Pune with 66 signal the decentralisation of wealth hubs across the country. Ahmedabad and Kolkata, each with 68 entrants, also feature prominently.

Sectorally, pharmaceuticals top the list with 137 listers, followed by industrial products (132), chemicals & petrochemicals (125), softw

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