Number of Gujarati Billionaires in India - 2025 Count and Top Names

Ever wondered how many Gujarati billionaires are there in India today? The answer isn’t just a number - it paints a picture of how Gujarat’s entrepreneurial spirit translates into massive wealth. Below we break down the latest count, who makes the cut, which sectors fuel their fortunes, and what the future might hold.

What Exactly Is a Gujarati Billionaire?

In this article, a Gujarati billionaire is defined as an individual who belongs to the Gujarati community (people whose ancestry traces back to the Indian state of Gujarat) and whose net worth equals or exceeds one US dollar billion according to the most recent Forbes India Rich List (2025 edition). The list tallies wealth in U.S. dollars, adjusts for market fluctuations, and includes publicly disclosed holdings as well as private assets that are reasonably verifiable.

Current Count of Gujarati Billionaires in India

The 2025 Forbes India Rich List identifies India as home to 172 billionaires overall. Out of these, 23 are of Gujarati origin. This makes Gujaratis the second‑largest regional group after Maharashtrians, who account for 27. The share of Gujarati billionaires (13.4% of the total) mirrors Gujarat’s disproportionate contribution to the national GDP - roughly 10% of India’s economic output despite representing only about 5% of the population.

Who Are the Top Gujarati Billionaires?

Below is a snapshot of the ten richest Gujaratis as of March2025, drawn from the Forbes data. Net worth values are rounded to the nearest hundred million dollars.

Industries Powering Gujarati Wealth

While the list shows a variety of sectors, a few industries dominate:

• Petrochemicals & Energy - Ambani’s Reliance and Adani’s conglomerate together hold more than 40% of the total net worth of Gujarati billionaires.
• Financial Services - Kotak Mahindra and several private equity firms contribute a solid share.
• Diamond & Jewellery Trade - Historically linked to Surat, the diamond sector adds roughly $12B across three major players.
• Pharmaceuticals & Healthcare - Piramal’s diversified portfolio pushes its founder into the top ten.
• Textiles & Manufacturing - Birla’s groups still draw on Gujarat’s legacy as a textile hub.

These sectors benefit from Gujarat’s strategic coastal ports, business‑friendly policies, and a strong culture of family‑run enterprises that favour long‑term value creation.

How Gujarati Billionaires Compare to Other Regional Groups

When you line up regional billionaire counts, the picture looks like this (2025 data):

1. Maharashtrians - 27 billionaires (average net worth $15B)
2. Gujaratis - 23 billionaires (average net worth $12.5B)
3. Tamil Nadu - 15 billionaires (average net worth $8B)
4. Karnataka - 13 billionaires (average net worth $7B)
5. Delhi/NCR - 12 billionaires (average net worth $6.4B)

Even though Maharashtra holds the top spot, Gujaratis punch above their weight in terms of per‑billionaire wealth. Their average net worth exceeds the national average by roughly 30%.

Trends Shaping the Future of Gujarati Billionaires

Three forces are likely to shift the count and composition over the next five years:

• Digital transformation: Start‑ups in fintech, e‑commerce, and renewable energy are attracting massive venture capital. Young Gujaratis from cities like Ahmedabad and Surat are poised to become the next generation of self‑made billionaires.
• Global diversification: Many of today’s giants are expanding abroad - for example, Reliance’s partnership with Saudi Aramco and Adani’s ports in Australia. Cross‑border assets could inflate net worth figures, but also expose families to currency risk.
• Policy environment: The Gujarat state government’s recent “Start‑Up Gujarat” initiative offers tax holidays and simplified approvals. If the incentives deliver, the state could see a 20% rise in the number of new billionaire entrants by 2030.

In short, while the current count stands at 23, expect the figure to edge upwards, especially as tech‑driven wealth overtakes traditional heavy‑industry dominance.

Key Takeaways

• There are **23 Gujarati billionaires** in India according to the 2025 Forbes list.
• Petrochemicals, energy, and finance account for over half of their combined net worth.
• Gujaratis enjoy a higher average wealth than most other regional groups, despite being a smaller population.
• Emerging tech sectors and supportive state policies are set to add new names to the list in the coming years.