Maharashtra is a state that stands as India’s most undisputed financial powerhouse. It is the nation’s commercial capital, and it has seen the rise of some of the most visionary minds, thanks to the tech-savvy people in Pune who have reshaped India’s economy. Known for its blend of industrial growth, global influence, and entrepreneurial spirit, Maharashtra has become famous for the emerging billionaires.
The state dominated India’s billionaire list. The state is home to business tycoons who are at the forefront of industries such as telecom, pharmaceuticals, real estate, finance, and technology. These people are the architects of modern India, driving job opportunities, innovation, and international recognition.
In this blog, we will look at the top 10 billionaires of Maharashtra – their journeys, business fortunes, and how they are helping India define its economic landscape.
| Name | Position / Designation | Net Worth |
|---|---|---|
| Mukesh Ambani | Chairman and Managing Director of Reliance Industries Limited | $119.5 billion (INR 10.54 lakh crore) |
| Dilip Shanghvi | Managing Director of Sun Pharmaceutical Industries Ltd | $32.4 billion (INR 2.85 lakh crore) |
| Radhakishan Damani | Founder and Chairman of DMart (Avenue Supermarts) | $31.5 billion (INR 2.77 lakh crore) |
| Kumar Mangalam Birla | Chairman of the Aditya Birla Group | $24.8 billion (INR 2.18 lakh crore) |
| Cyrus S. Poonawalla | Chairman of the Poonawalla Group | $24.5 billion (INR 2.16 lakh crore) |
| Bajaj Family | Owners of Bajaj Group | $23.4 billion (INR 2.06 lakh crore) |
| Shapoorji Pallonji | Owner of Shapoorji Pallonji & Company Private Limited (SPCL) | $20.4 billion (INR 1.80 lakh crore) |
| Uday Kotak | Non-Executive Director and Founder of Kotak Mahindra Bank | $15 billion (INR 1.25 lakh crore) |
| Mangal Prabhat Lodha | Founder of Macrotech Developers (Lodha Group) | $13–14 billion (INR 1.1 lakh crore) |
| Adi Godrej | Chairman Emeritus of the Godrej Group | $3–4 billion (INR 30,000+ crore) |
Mukesh Ambani
| Position | Chairman and Managing Director of Reliance Industries Limited |
|---|---|
| Net Worth | $119.5 billion (INR 10.54 lakh crore) |
Mukesh Ambani is the wealthiest and most influential leader. He is renowned for revolutionizing the retail and telecom sectors. Recently, Ambani has laid his focus on green energy initiatives, and the launch of the ‘Reliance Intelligence” mission.
Dilip Shanghvi
| Position | Managing Director of Sun Pharmaceutical Industries Ltd |
|---|---|
| Net Worth | $32.4 billion (INR 2.85 lakh crore) |
Dilip Sanghvi is one of India’s most respected and self-made billionaires. He founded Sun Pharmaceutical Industries in 1983, and over the years, has been known for his commitment to the healthcare sector. Thus, his journey represents Maharashtra’s global competitiveness in pharmaceuticals.
Radhakishan Damani
| Position | Founder and Chairman of DMart |
|---|---|
| Net Worth | $31.5 billion (INR 2.77 lakh crore) |
Radhakishan Damani is known as the founder of Avenue Supermarts. He is a man of few words, but has a sharp business intellect. Damani started as a stock market investor and mentor. Besides retail, he has interests as well as has investments in real estate.
Kumar Mangalam Birla
| Position | Chairman of the Aditya Birla Group |
|---|---|
| Net Worth | $24.8 billion (INR 2.18 lakh crore) |
Birla is known for his modern thinking and focus on sustainable growth. He expanded the Birla group’s reach across several sectors like metals, cement, financial services, fashion, and telecom. Under his leadership, the group’s revenue multiplied significantly.
Cyrus S. Poonawalla
| Position | Chairman of the Poonawala Group |
|---|---|
| Net Worth | $24.5 billion (INR 2.16 lakh crore) |
Cyrus Poonawalla is the name behind the vision of the Serum Institute of India. He lives in Pune, and has an interest in horse breeding to vaccine manufacturing. Besides this, Poonawalla also runs Poonawalla Fincorp and was awarded the Padma Bhushan.
Bajaj Family
| Position | Owner of Bajaj |
|---|---|
| Net Worth | $23.4 billion (INR 2.06 lakh crore) |
The group’s foundation was laid by Jamnalal Bajaj in the 1920s, and today, the leadership is shared among multiple family members. Headquartered in Pune and Mumbai, the Bajaj Group operates in the automobile, electricals, financial services, and consumer goods sectors.
Ashwini
Shapoorji Pallonji
| Position | Owner of Shapoorji Pallonji & Company Private Limited (SPCL) |
|---|---|
| Net Worth | $20.4 billion (INR 1.80 lakh crore) |
The Shapoorji Group has been a cornerstone of India’s real estate and construction sector. The group was formed back in 1865. It is known for iconic structures like the RBI building and Oberoi Hotels. Thus, the group’s legacy combines traditional craftsmanship with modern architecture.
Uday Kotak
| Position | Non-Executive Director and Founder of Kotak Mahindra Bank |
|---|---|
| Net Worth | $15 billion (INR 1.25 lakh crore) |
Uday Kotak built Kotak Mahindra Bank, one of India’s leading private banks. The focus has been on ethical banking, innovation, and financial judgments. Besides, he is also the leader in safe banking, honest business, and digital growth.
Mangal Prabhat Lodha
| Position | Founder of Macrotech Developers |
|---|---|
| Net Worth | INR 1.1 lakh crore (≈ $13–14 billion) |
He is a successful businessman and an influential politician. In Mumbai, he founded Lodha Group. Later, the company grew rapidly, building mid-income and luxury housing projects such as World One Tower and The Park. He is also a senior leader in the Bhartiya Janata Party (BJP).
Adi Godrej
| Position | Chairman Emeritus of the Godrej Group |
|---|---|
| Net Worth | $3–4 billion (INR 30,000+ crore) |
Adi Godrej is known for leading one of India’s oldest and most respected industrial families. Founded in 1897, the Godrej Group later modernized its operations and evolved into a leading brand in India’s business landscape.
Conclusion
Maharashtra has remained at the top when it comes to India’s wealth generation. It is not just because of these numbers but also due to the quality of the enterprise. From Mukesh Ambani’s telecom-retail to Damani’s retail precision to Lodha’s real estate vision, the state’s richest reflect the evolving patterns of globalization and opportunity.
As India is developing and making its name in the world, these individuals will help shape what the future economy becomes in the coming years in Maharashtra.
Vivek Dev Jacob
FAQs
Who are some Top Richest People in Maharashtra?
Some Top Richest People in Maharashtra are:
- Mukesh Ambani
- Dilip Shanghvi
- Radhakishan Damani
- Kumar Mangalam Birla
- Cyrus S. Poonawalla
- Bajaj Family
- Shapoorji Pallonji
- Uday Kotak
- Mangal Prabhat Lodha
- Adi Godrej
Which industries make the most billionaires in Maharashtra?
The major industries that have produced Maharashtra’s billionaires are telecom, pharmaceuticals, real estate, finance, retail, and manufacturing.
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