Maharashtra’s wealthiest persons in 2025 list: Maharashtra continues to dominate India’s wealth map in 2025. The state is home to some of the country’s most influential industrialists and entrepreneurs, many of whom rank among the richest people in India. Collectively, India’s billionaires now control more than $1.1 trillion in wealth — more than double what they held in 2019. The top five alone have added nearly $120 billion in just a few years. At the centre of this success is Mumbai, India’s financial capital. It’s not only the state’s biggest city but also the beating heart of the country’s business world. Mumbai is home to some of India’s largest and most powerful companies, Reliance Industries, Sun Pharma, Aditya Birla Group, DMart, Kotak Mahindra Bank, Pidilite and many more. From the towering Antilia on Altamount Road, where Mukesh Ambani lives, to the high-rise headquarters in Bandra Kurla Complex, Mumbai is where you’ll find the families and entrepreneurs shaping India’s economy. They are leaders in everything from energy and finance to retail, healthcare, and industry. But Maharashtra’s wealth story is not just about Mumbai. Pune has also grown into a major centre of business power. This city mixes tradition and modernity, with huge IT parks, manufacturing hubs, automobile plants, and pharmaceutical companies. Pune is now home to some of Maharashtra’s most successful and forward-looking business leaders. This year’s list of the Top 7 Richest People in Maharashtra captures that mix perfectly. At the very top is Mukesh Ambani, India’s wealthiest man, his personal fortune is staggering. With a net worth of more than $119.5 billion, Ambani alone is worth more than the combined GDPs of Iceland, Estonia, and Bosnia and Herzegovina ($109.1 Billion). This comparison shows just how massive his wealth is, not just in an Indian context but on a global scale, and highlights the sheer size of fortunes being built in Maharashtra today. Alongside him is Cyrus S Poonawalla, who leads Serum Institute of India, the world’s largest vaccine maker. Together with other entrepreneurs and industrialists on the list, they are not only driving Maharashtra’s growth but also shaping the future of India’s economy. Top 7 richest person in Maharashtra in 2025: Rank Name Net Worth (in USD) Industry 1. Mukesh Ambani 119.5 Billion Diversified 2. Dilip Shanghvi & family 32.4 Billion Healthcare 3. Radhakishan Damani & family 31.5 Billion Fashion & Retail 4. Kumar Birla 24.8 Billion Diversified 5. Cyrus Poonawalla 24.5 Billion Healthcare 6. Bajaj Family 23.4 Billion Diversified 7. Shapoor Mistry & family 20.4 Billion Diversified Source: Forbes Mukesh Ambani - $119.5 Billion Mukesh Ambani leads Reliance Industries, which started as his father’s small textile firm and is now in oil, telecom, retail, and finance. Jio has 490 million users, and the company is investing heavily in green energy. His three children now run major parts of the business. Dilip Shanghvi & family - $32.4 Billion Dilip Shanghvi started Sun Pharma in 1983 with $200 from his father. It’s now India’s biggest listed pharma company, earning most of its money overseas. He grew it through big takeovers like Ranbaxy in 2014. In 2025, his son Aalok became its COO. Radhakishan Damani & family - $31.5 Billion Radhakishan Damani, founder of DMart, grew it from one store in 2002 to 375 across India. He invests in several companies, owns the Radisson Blu Resort in Alibaug, and in 2023 bought 28 luxury Mumbai apartments with his brother for $155 million. Kumar Birla - $24.8 Billion Kumar Mangalam Birla leads the $66 billion Aditya Birla Group, which works in 40 countries across many industries like cement, aluminium, finance, and telecom. He took charge at 28 after his father’s death. In 2023, his children Ananya and Aryaman joined the group’s boards. Cyrus Poonawalla - $24.5 Billion Cyrus Poonawalla started Serum Institute of India in 1966 and grew it into the world’s biggest vaccine maker. Based in Pune, it makes over 1.5 billion doses a year. His son Adar, now CEO, built a new Covid-19 vaccine factory during the pandemic. The family also owns Poonawalla Fincorp, The Ritz-Carlton in Pune, and a £138 million London mansion. Bajaj Family - $23.4 Billion The Bajaj family runs the 99-year-old Bajaj Group, known for Bajaj Auto and Bajaj Finserv. After Rahul Bajaj’s death in 2022, his sons Rajiv and Sanjiv took charge. In 2025, they bought Allianz’s stake in their insurance ventures for $2.8 billion. Shapoor Mistry & family - $20.4 Billion Shapoor Mistry runs the 159-year-old Shapoorji Pallonji Group and owns a big stake in Tata Sons. In 2022, he lost his father and brother Cyrus, who had been helping him reduce the company’s debt by selling assets.
