India’s richie rich: The numbers story

Decoding the 2025 Forbes list of 100 richest Indians—the gainers, losers, newcomers, dropouts and more

Dec 05, 2025, 11:39 IST1 min

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Forbes India Rich List 2025 shows who leads the pack in 2025, how far each has climbed or fallen since 2024, and the combined value of the $423 billion they represent.

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This year, three first-time entrants join the Rich List, while four previous listees reclaim their positions

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Eleven women or women-led family fortunes feature on the 2025 Rich List, spanning sectors from consumer goods and health care to investments and retail

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Not all fortunes held their footing this year. The Rich List shows several entrepreneurs slipping off the rankings, despite sizeable valuations last year

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At 39, Zerodha Broking's Nikhil Kamath remains the youngest on the Rich List. At the other end, the list’s nonagenarian stalwarts emerge as the oldest

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The Rich List also shows that the largest fortunes were not immune to volatility—some of the richest families experienced the steepest drops in net worth as market corrections squeezed valuations at the very top

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Manufacturing widened its lead as the most represented industry, while health care remained a strong wealth driver. Diversified groups held steady, and real estate and retail families edged up, signalling where capital creation continued to be strongest in 2025