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India’s financial powerhouse Maharashtra is home to some of the country’s wealthiest individuals whose collective net worth exceeds ₹28 lakh crore ($337.35 billion), as of September 19, 2025. These billionaires have built vast business empires across sectors like petrochemicals, telecommunications, construction, pharmaceuticals, and IT services. Their influence is not limited to Mumbai, but extends across multiple states through their sprawling factories, technology parks, and projects in various sectors. Many of them have successfully modernised their empires, while some are first-generation entrepreneurs and have transformed local enterprises into global giants. (Image: Shutterstock)
2 / 12These ultra-wealthy individuals play a crucial role in shaping the state’s economy and employment landscape. Their companies collectively employ lakhs of individuals and contribute significantly to the state’s GDP and tax revenues. Beyond business, many of them are active in philanthropy, funding education, healthcare, and rural development through their charitable foundations. Even in times of economic fluctuations and global uncertainties, the financial strength of Maharashtra’s billionaires stands strong and highlights the state’s role in spearheading India’s economic rise. Take a look at the top 10 billionaires in Maharashtra as of September 19, 2025, according to Bloomberg. (Image: Reuters)
3 / 12No 1. Mukesh Ambani | Net worth: $100.5 billion | Mukesh Dhirubhai Ambani is the chairman and largest shareholder of Reliance Industries, a conglomerate with interests in petrochemicals, telecom, retail and more. Under his leadership, Reliance Jio revolutionised India’s digital landscape by offering affordable data to millions of people. He lives in Antilia, one of the most expensive private residences in the world, which in Mumbai. (Image: Reuters)
4 / 12No 2. Shapoorji Pallonji Mistry | Net worth: $33.5 billion | Shapoor Pallonji Mistry heads the Shapoorji Pallonji Group, known for its legacy in construction and real estate. His family holds a notable stake in Tata Sons, adding to their immense wealth. Based in Mumbai, the Mistry family has deep roots in Maharashtra’s industrial history. (Image: Reuters)
5 / 12No 3. Dilip Shanghvi | Net worth: $25.0 billion | Dilip Shanghvi is the founder of Sun Pharmaceuticals, one of the largest pharma companies in India and globally. Headquartered in Mumbai, his company has been instrumental in making affordable generics. He is known for his low-profile lifestyle despite his immense wealth. (Image: Sun Pharma)
6 / 12No 4. Kumar Mangalam Birla | Net worth: $22.2 billion | Birla is the chairman of the Aditya Birla Group, a multinational conglomerate with interests in cement, telecom, and financial services. He took over the group at a young age and expanded it across the globe. The Birla Group has deep historical and business ties to Maharashtra, particularly Mumbai.
7 / 12No 5. Radhakishan Damani | Net worth: $21.2 billion | The founder of DMart, one of India’s most successful and profitable retail chains, Radhakishan Damani is known for his low-profile lifestyle and has built a retail empire that thrives on efficiency and value pricing. Based in Mumbai, Maharashtra, he is also a respected investor with significant holdings in various Indian companies.
8 / 12No 6. Uday Kotak | Net worth: $15.5 billion | Uday Kotak is the founder of Kotak Mahindra Bank, one of India’s leading private sector banks. Starting from a small finance firm, he built a banking powerhouse with a strong presence across India, including Maharashtra. Based in Mumbai, he is widely respected for his conservative yet visionary approach to banking and finance.
9 / 12No 7. Cyrus Poonawalla | Net worth: $15.3 billion | Cyrus Poonawalla is the founder of the Serum Institute of India, the world’s largest vaccine producer by doses. Based in Pune, Maharashtra, his company played a pivotal role in the global fight against COVID-19. He is widely recognized for making life-saving vaccines accessible and affordable worldwide.
10 / 12No 8. Nusli Wadia | Net worth: $11.1 billion | Nusli Wadia is the chairman of the Wadia Group, which owns well-known companies like Britannia Industries, Bombay Dyeing, and Go First. A prominent industrialist based in Mumbai, he comes from one of India’s most storied business families. His group has played a vital role in shaping several sectors in India, including textiles, food, and aviation.
11 / 12No 9. Mangal Prabhat Lodha | Net worth: $10.6 billion | The founder of Lodha Group (now Macrotech Developers), is one of India’s largest real estate developers. Based in Mumbai, his company is known for premium residential and commercial projects, including landmark skyscrapers. In addition to his business empire, he is also active in politics as a senior member of the BJP in Maharashtra.
12 / 12No 10. Pankaj Patel | Net worth: $9.63 billion | Pankaj Patel is the chairman of Zydus Lifesciences, a major pharmaceutical company known for producing generic drugs and vaccines. While headquartered in Gujarat, his company has significant operations and investments in Maharashtra. He is recognised for his leadership in making healthcare more affordable and accessible across India.