Top 10 Indian Cities with the Most Millionaires: See Which City Leads the List
Discover the top 10 Indian cities with the highest number of millionaire households. From Mumbai to Kolkata, find out which city tops the list and the key sectors driving wealth.
MillionairesWealthIndian CitiesReal EstateStartupsReal EstateSep 24, 2025
Why Millionaires are Booming in these Cities:
The concentration of millionaires in these cities can be attributed to a combination of factors, including opportunity, infrastructure, and culture. Financial capitals like Mumbai and Delhi feature corporate offices, stock markets, trade, and real estate, which attract wealth. Technological startups, biotech, and self-made entrepreneurs are on the rise in cities like Bengaluru. Industrial and entrepreneurial hubs support family industries, manufacturing, textiles, and the automobile industries. Traditional trading and industries have also contributed to legacy wealth.
1. Mumbai — 1,42,000 Millionaire Homes
Mumbai, the financial hub of India, is home to the Bombay Stock Exchange, the Reserve Bank of India, and top corporate houses. This environment appeals to both traditional industrialists and contemporary entrepreneurs.
Top investment sectors considered by millionaires: Finance, Stock markets, Real estate, Bollywood, Retail Industry
Notable millionaires: Mukesh Ambani (Reliance Industries), Kumar Mangalam Birla (Aditya Birla Group), Radhakishan Damani (DMart), Uday Kotak (Kotak Mahindra Bank).
2. New Delhi — 68,200 Millionaire Homes
As the capital city, New Delhi boasts trade, real estate industries, services, and political power, making it one of the richest urban hubs in India.
Top investment sectors considered by millionaires: Real estate, Telecom, Healthcare, Retailing, Technology
Notable millionaires: Shiv Nadar (HCL Technologies), Sunil Bharti Mittal (Bharti Enterprises), Sameer Gehlaut (Indiabulls), Dr. Prathap C Reddy (Apollo Hospitals).
3. Bengaluru — 31,600 Millionaire Homes
Bengaluru, known as India’s Silicon Valley, is a hub for IT exports, startups, and venture capital. The city's investments in new ventures and the birth of unicorns have significantly contributed to the prosperity of millionaires.
Top investment sectors considered by millionaires: Information technology, Startups, Biotechnology, Fintech
Notable millionaires: Nandan Nilekani (Infosys), Kiran Mazumdar-Shaw (Biocon), Sachin Bansal (Navi, Flipkart), Binny Bansal (Flipkart).
4. Ahmedabad — 26,800 Millionaire Homes
Ahmedabad, a textile hub and industrial development center, has established itself as the financial hub of Gujarat. The city's entrepreneurial culture and robust industrial base have attracted significant wealth.
Top investment sectors considered by millionaires: Textiles, Chemicals, Infrastructure, Energy, Pharmaceutical
Notable millionaires: Gautam Adani (Adani Group), Pankaj Patel (Zydus Lifesciences), Samir Mehta (Torrent Group), Sanjay Lalbhai (Arvind Limited).
5. Kolkata — 26,600 Millionaire Homes
Kolkata, a city with a rich cultural heritage, is known for its trading and traditional industries. These sectors, along with real estate and manufacturing, have contributed to the city's wealth.
Top investment sectors considered by millionaires: Trading, Property and real estate, Manufacturing and steel
Notable millionaires: Anand Mahindra (Mahindra Group), Dilip Shanghvi (Sun Pharmaceutical), Cyrus Poonawalla (Serum Institute of India), Kishore Biyani (Future Group).
Frequently Asked Questions
Which Indian city has the most millionaires?
Mumbai is the Indian city with the most millionaires, boasting 1,42,000 millionaire families.
What are the top investment sectors in Mumbai?
The top investment sectors in Mumbai include finance, stock markets, real estate, Bollywood, and the retail industry.
How many millionaire households are there in New Delhi?
New Delhi has 68,200 millionaire households.
Why is Bengaluru known as India’s Silicon Valley?
Bengaluru is known as India’s Silicon Valley due to its significant presence in IT exports, startups, and venture capital.
What are the main industries in Ahmedabad?
The main industries in Ahmedabad include textiles, chemicals, infrastructure, energy, and pharmaceuticals.
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