For the record, India — which is now the world’s fastest-growing major economy — continues to mint billionaires at an unprecedented clip. While industrial tycoons continue to dominate among India’s richest — as the economy diversifies, so do their ranks, from tech billionaires and startup founders to those cashing in on the unlisted shares boom. By the time its 2025, new milestones of Indian billionaires registered can be said not merely as individual success stories but also in the overall story arc of India.
Well, how many billionaires are there now in India? How many of those aged under 50 are billionaires in India 2025 from tech, manufacturing, finance, and other thriving sectors?
Here, we should analyze the Updated List of Billionaires in India 2025 and how these hundreds of Crorepati became there from scratch.
Table of Contents
The Big Question: How Many Billionaires Are There in India in 2025?
India has grown to 212 billionaires (as per the latest Forbes and Hurun India Rich List 2025), that is, an increase of around 13% from last year when India was home to around 187. India ranks only behind the US and China in this regard globally.
It comes as a flood of newly minted billionaires appears against the backdrop of rapid economic growth, a booming start-up scene and soaring valuation levels for unlisted shares in companies preparing to list.
Snapshot: India’s Billionaire Landscape in 2025
| Rank | Name | Net Worth (2025) | Industry | Residence |
| 1 | Mukesh Ambani | $116 Billion | Petrochemicals, Telecom | Mumbai |
| 2 | Gautam Adani | $104 Billion | Infrastructure, Energy | Ahmedabad |
| 3 | Shiv Nadar | $41 Billion | IT, Philanthropy | Delhi NCR |
| 4 | Radhakishan Damani | $34 Billion | Retail, Investment | Mumbai |
| 5 | Cyrus Poonawalla | $30 Billion | Pharmaceuticals | Pune |
| 6 | Byju Raveendran & Family | $18 Billion | EdTech (Unlisted shares) | Bengaluru |
| 7 | Bhavish Aggarwal | $11 Billion | Mobility, AI | Bengaluru |
| 8 | Nikhil & Nithin Kamath | $9.5 Billion | Finance (Zerodha) | Bengaluru |
| 9 | Falguni Nayar | $8.4 Billion | Beauty, Retail | Mumbai |
| 10 | Vijay Shekhar Sharma | $6.2 Billion | FinTech | Delhi NCR |
Note: Many fortunes have seen exponential growth due to investments in unlisted shares, especially in sectors like fintech, AI, clean energy, and edtech.
What’s Driving India’s Billionaire Boom in 2025?
Several key factors are influencing the rise in Indian billionaires this year:
1. Startups & Unicorns with Unlisted Shares
In 2025 India has more than 110 unicorns that includes many still private. Founders, early investors and even employees holding unlisted shares have seen their net worth grow exponentially as private valuations soaring on these companies.
Several founders, of firms like Zepto, Razorpay and Ola Electric have meanwhile seen their unlisted equity stakes multiply in value manifold, delivering a billionaire payday even before going public.
2. Tech Expansion
Scale shifts to tech remain the most rigid characteristic of wealth landscape While most of these tech billionaires are not a result of public listings but through holding enormous stakes in unlisted tech firms, that are worth billions in the private markets.
3. Manufacturing & Make in India
While its win-win for industrialists & legacy business turned into high growth mode through govt “Make in India” along with PLI ( Production Linked Incentive) scheme, soon doomsday for Work force where surge of Automation, AI will take away many jobs.
4. Green Energy
Green and renewable energy investments do not only play a vital role in addressing the pressing need for protected environments but also creates profitability. Green energy portfolios of billionaires like Gautam Adani and Mukesh Ambani have vastly grown simultaneously.
The Silent Billionaire Builders: Unlisted Shares
Accredited investors only: Unlisted shares quietly creating next billionaires — A very interesting trend in 2025.
Unlisted shares are actually the part of investment that gives an advantage to the companies that are not yet public. The intrinsic worth of those coins is basically determined by the amount of money investors put into their companies and secondary market demand. A big portion of that in 2025 comes from these holdings of India’s new billionaires.
Examples:
- Ritesh Agarwal (OYO): Though OYO hasn’t gone public yet, Agarwal’s unlisted shares have been valued at over $4 billion.
- Harsh Jain (Dream11): Continues to grow with the gaming boom.
- Deepinder Goyal (Zomato): Despite public listing, still holds significant unlisted equity in spin-offs and new ventures.
Women Billionaires on the Rise
India is witnessing an inspiring rise in women billionaires in 2025. Leading the charge:
- Falguni Nayar (Nykaa): From investment banker to beauty mogul.
- Divya Gokulnath (Byju’s): Co-founder and a major holder of unlisted shares in the edtech giant.
- Roshni Nadar (HCL): Chairperson of HCL Technologies, actively involved in philanthropy.
These women symbolize not only wealth but also empowerment and change.
India’s Regional Billionaire Hubs
Where are India’s billionaires based?
- Mumbai: Still the richest city, home to Ambani, Damani, Nayar, and many legacy business families.
- Delhi NCR: Corporate hub with tech, pharma, and real estate billionaires.
- Bengaluru: Startup capital, producing billionaires with stakes in unlisted shares.
- Hyderabad & Pune: Rising cities for pharma and clean-tech tycoons.
How Does India Compare Globally?
| Country | Number of Billionaires (2025) |
| USA | 810 |
| China | 435 |
| India | 212 |
| Germany | 126 |
| UK | 120 |
India has firmly secured its place among the top three countries globally with the most billionaires, thanks to a mix of old money and new-age disruptors.
FAQs – How Many Billionaires Are There in India? A Complete 2025 Updated List
In the year 2025, how many billionaires will India have?
Shah Rukh Khan In competitor Advertising – 212 Billionaires In India By 2025, Highest Ever
Richest person in India of 2025?
This list is topped by Mukesh Ambani with a net worth of $116 billion.
How many billionaires in India 2025 are women?
The provisional list for 2020, which featured 937 data sets, included a total of 11 women billionaires including Falguni Nayar and Roshni Nadar.
How do unlisted shares impact billionaire status?
Unlisted shares in high-growth startups often increase in valuation significantly, making holders extremely wealthy even before IPO.
What are unlisted shares?
The value of unlisted shares in high growing startups often increases multiple folds, making holders millionaires before IPO is lifted.
Which sectors produced the most billionaires in India in 2025?
Tech, finance, green energy, retail, and manufacturing.
Are there any new billionaires in India in 2025?
Yes, over 25 new billionaires joined the club in 2025, many from startups and emerging sectors
What role do startups play in billionaire creation?
Startups offer high-growth potential. Founders and early investors in unicorns often become billionaires, especially with unlisted shares
Which Indian cities have the most billionaires?
Mumbai, Delhi NCR, and Bengaluru top the list.
Final Thoughts from CoinDCX News
India’s billionaires in 2025 | From mega wealth to megawatt ambitions The shift of traditional empires to digital dynasties is remodelling the economic topography of India. Internet entrepreneur, information technology software services and consulting company — in the next post we will see Unlisted shares step-by-step analysis, and ipo boom list Recently media also focussed on their green energy expansion plans before their IPO. Indian Billionaire has gone ahead to diverse more, is now dynamic part of Global Economic Matrix.
We at CoinDCX News will continue to bring you the latest on how these wealth creators are shaping our future — not just their own, but perhaps all of it influencing the fortunes of a nation.