India’s wealth story is increasingly being written by women who have built businesses and fortunes on their own terms. From tech innovators to consumer brand founders, these trailblazers are redefining success. The M3M Hurun India Rich List 2025 highlights their achievements, with Jayshree Ullal topping the list as the richest self-made Indian woman.
Jayshree Ullal: Silicon Valley’s Indian Powerhouse
At the forefront is Jayshree Ullal, President and CEO of Arista Networks, with a net worth of ₹50,170 crore. Based in San Francisco, Ullal is celebrated for her leadership in transforming Arista into one of Silicon Valley’s most successful networking companies, earning her a spot as a global tech powerhouse.
Radha Vembu: The SaaS Visionary
Close behind is Radha Vembu, co-owner of Zoho, with a wealth of ₹46,580 crore. Vembu’s success highlights India’s rapidly growing SaaS sector, demonstrating how homegrown technology solutions can achieve a global impact.
Falguni Nayar & Nykaa: Digital-First Retail
Falguni Nayar and her family, founders of Nykaa, hold the third spot with ₹39,810 crore. Their journey underscores the rise of digital-first consumer brands and the transformation of India’s retail landscape through e-commerce innovation.
Kiran Mazumdar-Shaw: Biotech Pioneer
Kiran Mazumdar-Shaw, founder of Biocon, ranks fourth with ₹29,330 crore. As one of India’s earliest women biotech entrepreneurs, she continues to break barriers in healthcare, cementing her legacy in the sector.
Rising Names in Women Entrepreneurship
The list is expanding with emerging names like Ruchi Kalra & family of OfBusiness, whose ₹9,130 crore net worth signals the growing influence of women in B2B commerce and fintech. In the entertainment and sports sector, Juhi Chawla & family feature with ₹7,790 crore through their ownership in Knight Riders Sports. Neha Bansal of Lenskart follows at ₹5,640 crore, reflecting the rise of the eyewear unicorn.
Global Footprint
India’s women entrepreneurs are leaving their mark internationally as well. Indra K. Nooyi stands at ₹5,130 crore, while Neha Narkhede & family of Confluent hold ₹4,160 crore. Kavitha Subramanian of Upstox rounds out the top 10 with ₹3,840 crore, highlighting the rapid rise of women in fintech.
Young and Professional Leaders
A notable mention is Garima Sawhney (39), co-founder of Pristyn Care, who is the youngest self-made woman on the M3M Hurun India Rich List 2025. Sixteen professional managers also appear, with Jayshree Ullal (64) as the richest overall, and India-based CEO Ignatius Navil Noronha of Avenue Supermarts leading locally at ₹6,570 crore.
