Minimum net worth of INR 5 billion (INR 500 crore) each; Family members and promoters belonging to the Tata Group, Reliance Industries and Adani Group account for 24% of promoter wealth, estimated at INR 36 lakh crore ( Trillion-Tn)
FinTech BizNews Service
Mumbai, June 17, 2025: 360 ONE Wealth today released the inaugural edition of the 360 ONE Wealth Creators List in collaboration with Crisil. 360 ONE Wealth is part of 360 ONE WAM, one of India’s leading wealth and asset management companies. The list, which takes into account individuals with a minimum net worth of INR 5 billion, has 2,013 wealth creators, including entrepreneurs, professionals, investors, and heirs, with a combined net worth of approximately INR 100 trillion,* equivalent to one-third of the country’s GDP. The median fortune is INR 14.2 billion (INR 1,423 crore).
Akash Ambani and Anant Ambani emerge as the richest Indians with a net worth of INR 3.59 lakh crore. 161 individuals are worth more than INR 100 billion each, while 169 individuals are worth between INR 50 billion and INR 100 billion. Family members and promoters belonging to the Tata Group, Reliance Industries and Adani Group account for 24% of promoter wealth, estimated at INR 36 lakh crore.
“The 360 ONE Wealth Creators List is a landmark effort to chronicle the individuals and families shaping India’s economic destiny,” said Karan Bhagat, Founder, MD & CEO, 360 ONE. “By capturing not just numbers but narratives from first-generation disruptors in tech and fintech to multi-generational family-led enterprises, we aim to spotlight the breadth and depth of India’s wealth creation.”
Mumbai leads as the financial capital, home to 577 wealth creators who control 40% of the list’s total wealth. New Delhi and Bengaluru have 17% and 8% respectively, while Ahmedabad has 5% of the wealthiest Indians. India has 143 active wealth creators under the age of 40, many of whom are pioneering digital-first business models. Shashwat Nakrani of BharatPe is the youngest among them at 27 years.
“This list is more than a rich list and is a mirror to India's entrepreneurial ambition, intergenerational legacy, and emerging economic forces,” said Yatin Shah, Co-Founder, 360 ONE and CEO of 360 ONE Wealth. “It reflects how wealth today is being shaped by innovation, inclusion, and impact from rural enterprises to global tech ventures,” he added. *(data as of June 2024 for listed companies and March 2024 for unlisted companies)
“One of the most striking aspects of the 360 ONE Wealth Creators List, in partnership with Crisil, is its ability to celebrate the achievements of diverse cohorts of entrepreneurs. The list mines net worth at an individual level, providing a nuanced understanding of wealth creation in India and highlighting the contributions of individuals who are shaping India’s economic future,” said Priti Arora, President & Business Head, Crisil Intelligence.
India’s Top 50 business houses account for ~59% of the overall wealth tracked on the 360 ONE Wealth Creators List. Reliance Industries and Adani Enterprises alone control 12% of the total. Beyond the INR 100-trillion net worth of India’s wealthiest lies another INR 50 trillion of wealth in trusts (INR 15 trillion) and corporate entities (INR 35 trillion) that are part of promoter holdings. One-third of the total wealth of INR 150 trillion is held through a complex web of trusts and other entities. Among them, Sir Dorabji Tata Trust and Sir Ratan Tata Trust emerge as the largest trusts holding approximately INR 8.2 trillion cumulatively.
Around 71% of those on the 360 ONE Wealth Creators List are men, and they own 76% of the total wealth. Women are better represented in the pharmaceuticals sector, where they comprise 33% of the total number of pharma’s rupee billionaires. On the other hand, 24% of rupee billionaires in the financial sector are women, representing 13% of the sector’s promoter wealth.
The median wealth of men stood at ~INR 1,475 crore, 22% higher than women, whose median wealth is at ~INR 1,215 crore. When it comes to average wealth, women who have inherited their wealth are ~23% richer than their male counterparts. This is because those with a net worth of INR 100 billion, notably Mukesh Ambani and Shiv Nadar, have been more equitable in transferring their wealth among their male and female heirs, as compared to the owners of mid-cap and small-cap businesses. 10% of the women heirs on the 360 ONE Wealth Creators List belong to the INR 100-billion cohort.
Around 86% of the wealth created by these individuals is earned from their flagship companies. Only ~30% of the individuals on the list derive their wealth from two or more companies. That number is up to ~35% among second-generation or intergenerational listers.
Pharmaceuticals, IT Software & Services, and Financial Services together account for a significant ~26% of the total wealth creation in India. Pharma has the highest number at 174, followed by the financial services sector at 158 and the IT sector at 134. The richest pharma tycoon is Dilip Shantilal Shanghvi, while Nithin Kamath and Nikhil Kamath are the richest in financial services, and Azim H Premji ranks top in the tech space.
The average wealth per individual in the banking sector is INR 8,500 crore, followed by telecommunications at INR 8,400 crore and aviation at INR 7,900 crore. The banking sector has 13 rupee billionaires, telecom has 21 and aviation has 9.
62% are actively engaged in their business, driving growth and innovation and charting their journeys of success. On the other hand, 4 in 10 on the 360 ONE Wealth Creators List belong to the passive wealth club.
The wealth of India’s richest is concentrated in listed companies: 607 publicly listed companies account for 93% of the total personal wealth of 1,726 individuals and comprise 85% of the wealth creators list.
In contrast, only 15% or 287 individuals derive their wealth from 132 unlisted companies, accounting for a relatively modest 7% share of the total wealth.
A majority of India’s first-generation entrepreneurs under the age of 40 have attained wealth by leveraging the digital economy to disrupt traditional business models. A remarkable ~60% of their wealth comes from sectors such as broking and investment platforms (such as Upstox and Zerodha), e-commerce solutions (Urban Company, Swiggy and Honasa Consumer), edtech (Physicswallah and Unacademy), and fintech (like Stashfin, Slice and Onecard).
A growing number of those on the 360 ONE Wealth Creators List are looking beyond their own business empires, adding to the vibrant startup ecosystem in the country: 58 of them, 90% of whom are first-gen entrepreneurs, have at least one investment in an early-stage startup that has achieved unicorn or soonicorn status.
30 of India’s wealth creators, 28 of them first-gen entrepreneurs, have created wealth through cutting-edge innovations in sectors like biopharma, biotech, fintech, artificial intelligence, software-as-a-service and unmanned aerial vehicles or drones.
The list comprises 540 women:
· Isha Ambani is the richest business owner among women. Further, the list has identified 72 women leaders who have been actively involved in their businesses’ value creation or are founders.
· While 29 of these 72 women leaders have made their mark in the healthcare, pharmaceuticals, IT and engineering sectors, 21 are first-gen entrepreneurs. These first-gen women leaders have a strong focus on e-commerce solutions, IT software and services and financial services, accounting for 72% of overall first-gen women leaders’ wealth.
Around 90 wealth creators on the 360 ONE Wealth Creators List are shaping a stronger and more resilient rural economy by delivering growth, employment, and empowerment through their primary business ventures. Notably, 34% of these businesses have generated strong rural employment opportunities through the food processing value chain, while 18% have provided lending solutions to rural India, facilitating business growth and development.
