India’s Wealth Is Mostly in Listed Companies, Finds 360 ONE Report

360 ONE Wealth, one of India’s largest portfolio management services (PMS), has launched a new wealth list in partnership with credit rating agency Crisil. The 360 ONE Wealth Creators list covers 2,013 individuals who each have a net worth of at least ₹5 billion, adding up to a total of ₹100 trillion. The list will be released every year and focuses on individuals rather than families or groups, making it different from other rankings like Hurun or Forbes. 

Ambanis Top the Charts, Isha Leads Among Women 

Akash and Anant Ambani are India’s richest individuals, each with a net worth of ₹3.59 trillion. Isha Ambani tops the list among women. Women hold 24% of the total wealth, with strong representation in the pharma sector, where they account for 33% of the wealth. 

93% of Wealth Tied to Listed Companies 

A striking insight from the report is that 93% of India’s total wealth is linked to publicly listed companies. Moreover, 62% of the listed individuals are still actively involved in their businesses. Sectors like banking, telecom, and aviation lead in average wealth per individual—₹8,500 crore, ₹8,400 crore, and ₹7,900 crore respectively. 

Tata, Reliance, Adani Account for Major Promoter Wealth 

Family members and promoters from Tata Group, Reliance Industries, and Adani Group together hold 24% of all promoter wealth, estimated at ₹36 lakh crore. Among the list, 161 individuals are worth more than ₹100 billion, while 169 have wealth between ₹50 and ₹100 billion. 

Mumbai is Still the Financial Hub 

Mumbai remains India’s financial capital, home to 577 wealth creators who control 40% of the list’s total wealth. New Delhi follows with 17%, Bengaluru with 8%, and Ahmedabad with 5%. 

Digital Economy Powers New Billionaires 

A large number of first-generation entrepreneurs under 40 have built their wealth through the digital economy. Sectors like fintech (Stashfin, OneCard), broking platforms (Zerodha, Upstox), e-commerce (Swiggy, Urban Company), and edtech (Unacademy, PhysicsWallah) account for 60% of their combined wealth. 

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Conclusion 

The 360 ONE Wealth Creators list shows a shift in how wealth is built in India. From the rise of digital-first entrepreneurs to the dominance of listed firms, India's economy is evolving rapidly. 

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