Archive · 20 Sep 2025
India's Millionaire Households Surge, Led by Maharashtra
A new report shows that lots more people in India are becoming millionaires!
The total number of millionaire families has almost doubled since 2021.
The state of Maharashtra has the most, with Mumbai as its center, holding the title of 'Millionaire Capital'.
Although wealth is increasing, it’s still concentrated in a few states and cities, highlighting the continuing economic trends in India.
Becoming a millionaire is getting easier, but becoming a billionaire is still quite difficult.
India has 8,71,700 millionaire households with a net worth of at least Rs 8.5 crore (USD 1 million).
Maharashtra leads with 1,78,600 millionaire households.
Mumbai is the 'Millionaire Capital' with 1,42,000 millionaire households.
The number of millionaire households has increased by 90% since 2021.
The top 10 states account for over 79% of all millionaire households.
- Who
- Mercedes-Benz Hurun India Wealth Report 2025
- What
- Report detailing the rise in millionaire households in India
- When
- Published in 2025
- Where
- India
- Why
- To analyze wealth distribution and creation trends
- Report Name
- Mercedes-Benz Hurun India Wealth Report 2025
- Millionaire Households in India
- 8,71,700
- Millionaire Capital
- Mumbai
- Maharashtra Millionaire Households
- 1,78,600
- Mumbai Millionaire Households
- 1,42,000
Sources
How many Indians earn more than Rs 1 crore annually? The Hurun Wealth Report 2025 reveals
Travel like a billionaire: Hurun Report reveals most preferred vacation spot of the rich
