The Forbes India Billionaires List 2025 showcases a shifting balance in India’s wealth creation story, with seven women making it to the country’s top 100 richest individuals. Leading this group is Savitri Jindal & family, who continue their place as India’s richest woman with an estimated wealth of $40.2 billion. Ranked third overall, the Jindal family head continues to be one of the most powerful figures in the metals and mining industry.
Jindal is the only woman to feature in the top 10, highlighting the continued gender imbalance in India’s ultra-wealthy club. However, the diversity of sectors represented by this year’s female billionaires indicates a steady shift towards business leadership.
Women who rule Forbes India’s rich list
1. Savitri Jindal and family (Rank 3)-$40.2 billion, Metals and Mining, matriarch of the OP Jindal Group.
2. Rekha Jhunjhunwala (Rank 30) -$8.7 billion, Finance and Investments.
3. Renuka Jagtiani (Rank 53)-$5.6 billion, Retail.
4. Alpana Dangi (Rank 67)-$4.3 billion, Finance and Investments.
5. Falguni Nayar (Rank 71)-$4.2 billion-Retail and E-commerce
6. Leena Tewari (Rank 82)-$3.8 billion-Healthcare.
7. Kiran Mazumdar-Shaw (Rank 93)-$3.42 billion, Biotechnology.
At rank 30, Rekha Jhunjhunwala commands a net worth of $8.7 billion, cementing her place as India’s second richest woman. Since she has inherited her late husband Rakesh Jhunjhunwala’s portfolio, she has emerged as a prominent figure in India’s investment sector.
Renuka Jagtiani of Landmark Group ranks 53 with $5.6 billion, representing India’s growing global footprint in retail. Close behind is Alpana Dangi at the rank of 67, with a net worth of $4.3 billion, strengthening women’s presence in the financial and investment sector.
Among the self-made achievers, Falguni Nayar, founder of Nykaa, appears at rank 17 with $4.2 billion, highlighting how new-age entrepreneurs are transforming India’s beauty and lifestyle industries.
Healthcare continues to be one of the powerful contributors to female wealth. Leena Tiwari of USV Pharma ranks 82, $3.8 billion, and Kiran Mazumdar-Shaw is at rank 93, $3.42 billion of Biocon, continue to represent India’s innovation-driven biotech sector.
In total, the seven women command wealth surpassing $70 billion, covering industries from steel, pharma, fintech, retail, and biotechnology. While women still constitute less than 10% of India’s top 100 richest, Forbes highlights that their growing representation indicates an evolution in India’s wealth story.
