Pune has made notable strides in the 2024 Hurun India Rich List, climbing to the 8th spot among Indian cities with a total of 53 entries, up by 14 from last year.
This year, Pune is represented by some of the wealthiest individuals in India, including Cyrus S. Poonawalla of Serum Institute of India, who continues to be the richest individual in the city with a wealth of ₹289,800 crore, securing the 4th position nationally.
Wealthiest residents of Pune
Cyrus S. Poonawalla & Family: Wealth ₹289,800 Cr (Serum Institute of India)
Abhaykumar Firodia & Family: Wealth: ₹43,000 Cr (Bajaj Finserv)
Anu Aga & Family: Wealth ₹41,200 Cr (Thermax)
Baba Kalyani & Family: Wealth ₹31,200 Cr (Bharat Forge)
The city’s strong performance in the list highlights its growing importance as a hub for wealth creation, particularly in the pharmaceutical sector, with Poonawalla’s significant global impact through the Serum Institute.
Pune's rise in the rankings reflects the broader trend of decentralization in wealth distribution across India, with more billionaires emerging from cities beyond the traditional financial capitals.
Pune’s robust industrial and economic landscape, bolstered by sectors such as manufacturing, real estate, and pharmaceuticals, has played a pivotal role in its increasing prominence on the list. The city's 11 billionaires underscore its expanding influence as a key player in India’s economic growth.
With this growth, Pune has positioned itself as a significant contributor to the wealth narrative in India, alongside major cities like Mumbai, New Delhi, and Hyderabad.
The increase in entries from Pune also reflects the dynamic nature of wealth creation in India, where a diverse range of sectors, including industrial products and real estate, continue to drive economic expansion.
