Maharashtra's Richest in 2025: Inside the Luxurious Mansions and Car Collections of Ambani, Shanghvi, and Damani
In 2025, the real wealth of Maharashtra lies not in its film sets but in the boardrooms and on the balance sheets of its industrial giants. From Mukesh Ambani's 27-storey Antilia to Dilip Shanghvi's sea-facing apartments, here’s a glimpse into the opulent lives of the state's richest.
Mukesh AmbaniDilip ShanghviRadhakishan DamaniKumar Mangalam BirlaCyrus PoonawallaReal Estate MaharashtraSep 26, 2025
While Mumbai’s film studios give the state its “City of Dreams” tagline, Maharashtra’s real heartbeat is its boardrooms and stock markets. Oil, telecom, pharmaceuticals, retail, green energy – if an industry is driving India’s growth, someone on this list has a finger in the pie. And in 2025, their fortunes have soared even higher. Alongside sky-high net worths are sky-high homes, sprawling across South Mumbai skylines or along Juhu’s beaches, dotted with garages that rival the Geneva Motor Show.
Mukesh Ambani – Rs 10.54 Lakh Crore: The Billionaire With a 27-Storey Palace
Reliance Industries chairman Mukesh Ambani once again wears the crown of India’s richest man. His company’s grip on energy, telecom, and retail shows no sign of loosening, while Jio continues to reshape how Indians consume data. But it’s Antilia – his 27-storey personal palace on Altamount Road – that remains a world headline. Equal parts skyscraper and private residence, Antilia houses a ballroom, multi-level gardens, spa, helipads, and even a snow room where the family can enjoy a simulated blizzard in sweltering Mumbai.
Ambani’s car collection, often nicknamed the “Jio Garage”, is equally legendary: multiple Rolls-Royce Phantoms and Cullinans, a Mercedes-Maybach S660 Guard, Lamborghini Urus, Ferrari SF90 Stradale, and even a Tesla Model S. His convoy can stretch to 30–40 vehicles, blending discreet security with unabashed luxury.
Dilip Shanghvi – Rs 2.85 Lakh Crore: Pharma King With Sea Views
Sun Pharmaceutical’s Dilip Shanghvi has quietly built one of the world’s largest generic drug empires. His name is synonymous with healthcare innovation, yet his lifestyle remains far more understated than his balance sheet suggests. His main residence lies in Juhu, one of Mumbai’s most exclusive pockets. In late 2024, his wife Vibha Shanghvi made headlines by purchasing two vast sea-facing apartments in the Naman Xana project in Worli. These homes look directly onto the Mumbai Coastal Road and the Arabian Sea – arguably the best seats in the house for watching the city’s next transformation unfold. Shanghvi’s taste in cars reflects his personality: understated luxury, with Rolls-Royce and Bentley as staple names in his garage.
Radhakishan Damani – Rs 2.77 Lakh Crore: Retail Whisperer in a Heritage Bungalow
The low-profile founder of DMart may run India’s favourite low-cost supermarket chain, but his own tastes lean towards timeless value. In 2021, Damani and his brother bought a nearly century-old bungalow on Narayan Dabholkar Road in South Mumbai’s Malabar Hill for a record-breaking Rs 1,001 crore – still India’s costliest home purchase. While his peers flaunt supercars, Damani reportedly prefers to be chauffeured in a BMW X7 – a quiet nod to practicality over flash. It’s very on-brand for the man who built a fortune out of everyday Indian shopping baskets.
Kumar Mangalam Birla – Rs 2.18 Lakh Crore: Heritage Meets High Finance
The Aditya Birla Group chief controls a business empire spanning cement, telecom, metals, and renewable energy. His Mumbai home, Jatia House in Malabar Hill, is a 1928 heritage mansion valued at around Rs 425 crore. With 20 bedrooms, old-world ballrooms, and manicured gardens, it’s a slice of colonial elegance amid the modern city. His garage mirrors his portfolio: Rolls-Royce Ghost, Bentley Flying Spur, Mercedes-Maybach S-Class, and a Jaguar XF.
Cyrus Poonawalla – Rs 2.16 Lakh Crore: Vaccine King in a Former U.S. Consulate
Serum Institute’s Cyrus Poonawalla became a household name during the pandemic, and his wealth remains firmly in the elite club. His prized residence, Lincoln House at Breach Candy, was once the U.S. Consulate and was purchased in 2015 for Rs 750 crore. This two-acre heritage property, complete with sweeping lawns, is slowly being restored for family use. Among collectors, his vintage Rolls-Royce Silver Spur Limousine is still whispered about as one of India’s rarest cars.
The Bajaj Family – Rs 2.06 Lakh Crore: Legacy on Two Wheels
From scooters to savings, the Bajaj family is India’s byword for mobility and finance. Bajaj Auto and Bajaj Finserv continue to fuel their wealth and influence, making the family one of Maharashtra’s most enduring business dynasties.
Shapoor Mistry & Family – Rs 1.79 Lakh Crore: Builders of Dreams
The Shapoorji Pallonji Group’s heir presides over an empire that has built some of India’s most iconic structures. From global construction projects to luxury real estate, the Mistry family remains a fixture among the state’s billionaires.
Beyond the Numbers: What These Homes Say About Maharashtra’s Power Players
This year’s list is a snapshot of India’s economic pivot. Telecom, pharma, retail, and renewable energy are no longer “next big things” – they’re today’s engines of growth. And Maharashtra’s billionaires are not only investing in them but also living out their success stories in the city’s most desirable addresses. What’s striking is how each residence and car collection reflects its owner’s personality: Ambani’s futuristic Antilia, Shanghvi’s serene sea-facing apartments, Damani’s heritage bungalow, Birla’s stately mansion. Even their car choices – from Ferraris to BMW X7s – are statements about identity as much as wealth. And while these seven names dominate 2025, Maharashtra’s next billionaire could be coding the next fintech unicorn in a Navi Mumbai co-working space. Because here, dreams aren’t just made in film studios – they’re built in boardrooms, traded on stock markets, and sometimes parked in a 20-car garage on Altamount.
Frequently Asked Questions
Who is the richest person in Maharashtra in 2025?
Mukesh Ambani is the richest person in Maharashtra in 2025, with a net worth of Rs 10.54 Lakh Crore.
What is the most expensive home in Mumbai?
The most expensive home in Mumbai is the nearly century-old bungalow on Narayan Dabholkar Road in South Mumbai’s Malabar Hill, purchased by Radhakishan Damani and his brother for Rs 1,001 crore.
What industries are driving the wealth of Maharashtra's billionaires?
Industries driving the wealth of Maharashtra's billionaires include oil, telecom, pharmaceuticals, retail, and renewable energy.
What is the significance of Antilia, Mukesh Ambani's home?
Antilia, Mukesh Ambani's 27-storey home, is a global headline for its architectural grandeur and luxury features, including a ballroom, multi-level gardens, spa, helipads, and a snow room.
Who owns the former U.S. Consulate in Breach Candy, Mumbai?
Cyrus Poonawalla, the vaccine king and chairman of the Serum Institute, owns the former U.S. Consulate in Breach Candy, Mumbai, which he purchased for Rs 750 crore in 2015.
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