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Maharashtra Tops In Millionaire Growth With 1.78 Lakh Wealthy Households

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Mumbai: The number of millionaire households in Maharashtra has grown by 194% to 1.78 lakhs in the last four years, which is the highest in the country. According to a latest wealth report, Mumbai alone hosts 1.42 lakh millionaire households with Maharashtra being the preferred investment destination for 43% of Indian millionaires.

India now has 8.71 lakh millionaire households, families with a net worth of at least 8.5Cr, increasing by 90% from 4.58 lakh in 2021, revealed the ‘Mercedes Benz-Hurun India Wealth Report 2025’ launched on Thursday. The report states that the number of such millionaire families have grown by 445% from 2017 whereas only 0.01% became billionaires. However, these households comprise only 0.31% of the total households in India, highlighting the growing wealth disparity in the country.

Notably, the report revealed that Maharashtra leads the country in terms of millionaire households, 1.78 lakh, recording a 194% growth since 2021. Mumbai, the country’s financial capital, alone hosts 1.42 lakh millionaire families, which is again the highest in the country, followed by 68,200 in New Delhi. The report stated that the economic expansion of Maharashtra, which is home to 471 individuals featured in the ‘Hurun India Rich List 2024’, is underpinned by a 55% increase in its gross state domestic product (GSDP) between 2020-21 and 2023-24, crossing Rs40 lakh crore. Similarly, Mumbai accounts for 80% of the state’s total wealth, backed by 55% GSDP growth.

Maharashtra stood out as the most preferred investment destination in India for millionaires, with 43% of them choosing it over Gujarat, Karnataka and Delhi NCR, revealed the ‘Mercedes-Benz Hurun India Luxury Consumer Survey 2025’, also launched on Thursday. The survey revealed that stocks, real estate, and gold remain the top asset choices for millionaires with 51% expecting Indian real estate to grow in the next two years, while 38% believe it will remain stable.

Anas Rahman Junaid, founder and chief researcher at Hurun India, said, “I am struck by the extraordinary upward mobility we’re witnessing in India. This democratisation of prosperity speaks to the resilience of our economy, with opportunity spreading to millions of new wealth creators. We project India’s millionaires could double to around 1.7 to 2 million households in the next decade. Powered by our young demographic, technology and entrepreneurial spirit, India is poised to become the world’s fastest-growing wealth hub, gradually closing the gap with the leading economies.

Santosh Iyer, MD and CEO of Mercedes-Benz India, highlighted that the millionaires are also quickly shifting towards luxury electric vehicles (EVs) in comparison to the overall shift in general EVs. He stated that while the overall shift to EV is around 4%, luxury car owners record an 11% shift. “India’s growth story underscores the resilience and transformation of the economy, driven by a burgeoning domestic market and soaring aspiration of today’s young generation. Mercedes-Benz remains a symbol of social prestige, financial affluence and unmatched desirability,” he added.

Maharashtra

Ameer Sunni Dawat-e-Islami Maulana Mohammad. Shakir Noori is once again included in the list of the 500 most influential Muslims of the year 2026.

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Mumbai: November 1 – Maulana Muhammad Shakir Noori, Ameer of Sunni Dawat-e-Islami, who has played a prominent role in the fields of education, social and welfare services, and religious and religious leadership, and under whose management the annual gathering held at Azad Maidan, Mumbai, is one of the largest Sunni gatherings in the world, has been included in the list of 500 most influential Muslims in the world. This list consists of those personalities who are playing a prominent role in the Muslim world with a spirit of positive change, leadership, influence and service. This list is compiled under the Royal Islamic Strategic Studies Center, Oman (Jordan) and is published every year in collaboration with the Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding, Georgetown University (USA). In a statement issued on Friday, Sunni Dawat-e-Islami said that Maulana Noori’s tireless efforts in promoting educational and social services and welfare works have earned him this honor at the global level.

The statement said that Maulana Shakir Noori, who leads one of India’s largest Sunni organizations, has impacted thousands of lives through education, women’s empowerment, youth guidance and anti-drug campaigns. This award is not only a recognition of Maulana Noori’s services but also reflects the positive and constructive identity of Indian Muslims at the global level. Sunni Dawat-e-Islami is a non-political religious organization headquartered in Mumbai. Every year around December, this organization organizes a three-day grand gathering that includes religious speeches, speeches on contemporary issues, and educational guidance for students.

About three hundred thousand people participate in this gathering annually. About 50 educational institutions are established under the organization, in which more than 7,000 students are studying. Maulana Noori has authored more than 40 books that have been published in different languages. He has started several welfare projects, including empowering Muslim youth and women through education, providing food and clothing to the poor, guiding the weaker sections, reforming the youth, and campaigns against drugs and intoxicants. On this joyful occasion, congratulations are being offered by scholars, preachers, and concerned people, and Hazrat Ameer Sunni Dawat-e-Islami is praying for his health and long life.

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Maharashtra

‘Run for Unity’ marathon organized in Malegaon on the occasion of 150th birth anniversary of Sardar Vallabhbhai Patel, large number of youth participated

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Malegaon: On the occasion of the 150th birth anniversary of freedom fighter and iron man Sardar Vallabhbhai Patel, a Run for Unity Marathon was organized in Malegaon city. A three-kilometer long Run for Unity Marathon (Ekta Door) was jointly organized by Azadnagar Police Station and Qila Police Station located in Malegaon city. A large number of youth participated in this race and enthusiastically covered a distance of three kilometers. This race was organized under the guidance and leadership of Nashik Gramin Superintendent of Police (SP) Balasaheb Patil. On the occasion of the 150th birth anniversary of national hero Sardar Vallabhbhai Patel, this marathon was organized with the joint efforts of Azadnagar and Qila Police Station. The youth participated in the marathon and spread the message of peace, brotherhood and brotherhood.

The Ekta Door started on Friday at 10 am from Chandpuri Gate located in Azadnagar Police Station. The Ekta Run, which started from Azadnagar Police Station, passed through Khanqah Masjid, Khan Collection, Sulaimani Chowk, Musharat Chowk, Bhuko Chowk, Anjuman Chowk, Nehru Chowk, Bohra Jamaat Khana, Panch Qandil and ended at Azadnagar Police Station at 11 am. More than two hundred people participated in the run, including a large number of police officers, citizens and students. Students and youth also participated in this run in large numbers.

Yogesh Ghorpade, Central Police Officer of Azadnagar Police Station, not only organized the run but also participated in the three-kilometer long run himself. Along with Yogesh Ghorpade, Senior Police Inspector of Qila Police Station, Sudhir Patil also assisted in organizing the Run for Unity. Sohail Sheikh won the first place in the marathon run. While Sachin Mali won the second place and Sheikh Aftab won the third place. Participants under the age of eighteen were also awarded prizes and honors. Every citizen who participated in the marathon run was awarded a certificate. Apart from Azad Nagar and Qila Police, City Police Station also organized the Ekta Daur to spread the message of brotherhood.

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Maharashtra

Chargesheet filed against Mumbai drug traffickers under ANC’s Makoka

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Mumbai: Mumbai Maharashtra Anti-Narcotics Cell has filed a chargesheet in a special MCOCA court under the MCOCA against a drug peddler gang in Bandra Mumbai. The Maharashtra government had passed the MCOCA law in the assembly on July 30, 2025 to curb drug peddlers and gangs and since then, action has been taken against such drug peddler groups in Maharashtra under the MCOCA. The Anti-Narcotics Cell had arrested two associates of Zameer Ahmed Abdul Khaliq Ansari alias Boka, a fugitive accused in an NDPS case, from Bandra area of ​​Mumbai, on charges of drug trafficking, who have been identified as Adnan Amir Sheikh and Khatun Kainat Zubair Sheikh. The Anti-Narcotics Cell ANC has imposed MCOCA against the three accused, including the fugitive accused and drug smuggler. This action was taken on the instructions of Mumbai Police Commissioner Devin Bharti. A 953-page chargesheet has been filed in a special MCOCA court against these accused, including the fugitive accused.

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