LaunchesSeptember 23, 2026harsha vardhini

Why Hyderabad holds 93% of Telugu states’ rich-list wealth

HYDERABAD: Hyderabad accounts for 93.2% of the combined wealth of rich-list residents of Telangana and Andhra Pradesh, highlighting the concentration of business fortunes in the Telangana capital, according to the M3M Hurun India Rich List 2026. The list has 134 individuals from the two Telugu states in its ₹1,000-crore wealth club. Their combined wealth is estimated [...]<content:encoded><![CDATA[ HYDERABAD: Hyderabad accounts for 93.2% of the combined wealth of rich-list residents of Telangana and Andhra Pradesh, highlighting the concentration of business fortunes in the Telangana capital, according to the M3M Hurun India Rich List 2026. The list has 134 individuals from the two Telugu states in its ₹1,000-crore wealth club. Their combined wealth is estimated at ₹10,77,100 crore. Hyderabad alone accounts for ₹10,03,800 crore, or 93.2% of the total. <h3>Hyderabad accounts for bulk of Telangana’s rich-list wealth</h3> The list identifies 120 residents of Telangana with combined wealth of ₹10,27,100 crore. Andhra Pradesh has 14 entrants with aggregate wealth of ₹50,000 crore. Telangana has 27 dollar billionaires, compared with one in Andhra Pradesh. The rankings, released on September 23, are based on wealth calculations as of August 24, 2026. The national list covers 1,810 people with wealth of at least ₹1,000 crore each. Hyderabad has 114 rich-list residents and 26 dollar billionaires. It is the fourth-largest Indian city by number of entrants, after Mumbai, New Delhi and Bengaluru. With aggregate wealth of ₹10,03,800 crore, it ranks fifth among cities by wealth. The city accounts for 95% of Telangana’s rich-list entrants and 97.7% of its total listed wealth. The rest of Telangana has six entrants with combined wealth of ₹23,300 crore and one dollar billionaire. Hyderabad has more than eight times as many entrants as Andhra Pradesh and about 20 times the wealth of the entire state. Its 26 dollar billionaires also compare with just one in Andhra Pradesh. Hyderabad accounts for 6.3% of all individuals on the national list and 5.35% of their combined wealth. The two Telugu states together account for 7.4% of India’s rich-list entrants and 5.74% of the total wealth covered by the report. <h3>Seven Hyderabad residents feature in national Top 100</h3> Seven Hyderabad residents have made it to the national Top 100. Murali Divi and family of Divi’s Laboratories lead the city and the two Telugu states with wealth of ₹1,25,400 crore. They are ranked 13th nationally. P Pitchi Reddy of Megha Engineering and Infrastructures Limited is ranked 52nd with ₹53,100 crore. MEIL managing director PV Krishna Reddy is ranked 54th with ₹52,100 crore. Sridhar Pinnapureddy and family of CtrlS Datacentres are ranked 62nd with ₹46,100 crore. PV Ramprasad Reddy of Aurobindo Pharma is ranked 67th with ₹39,900 crore. B Parthasaradhi Reddy and family of Hetero Labs are ranked 70th with ₹39,400 crore. Surender Pal Singh Saluja and family of Premier Energies are ranked 91st with ₹35,200 crore. Together, the seven account for ₹3,91,200 crore, or 39% of Hyderabad’s total rich-list wealth. <h3>Pharma and infrastructure lead wealth creation in city</h3> Pharmaceuticals remain the largest established source of wealth among Hyderabad’s top business families. Murali Divi, PV Ramprasad Reddy and B Parthasaradhi Reddy together account for ₹2,04,700 crore. Infrastructure is the second major bloc. MEIL promoters P Pitchi Reddy and PV Krishna Reddy together account for ₹1,05,200 crore. The 2026 list also shows wealth emerging from data centres, artificial intelligence, solar manufacturing, defence electronics, private space and biotechnology. Sridhar Pinnapureddy is the second-largest new entrant nationally and the wealthiest new entrant among India-based residents. Hurun has classified CtrlS Datacentres under artificial intelligence, with Pinnapureddy and his family valued at ₹46,100 crore. Premier Energies’ Surender Pal Singh Saluja and family account for another ₹35,200 crore from green energy. The company’s presence in the Top 100 places solar manufacturing alongside Hyderabad’s established pharmaceutical and infrastructure businesses. Beyond the Top 100, the report identifies Mahima Datla and family of Biological E among India’s five wealthiest biotechnology entrepreneurs, with wealth of ₹25,200 crore. Krishna Murthy Ella and family of Bharat Biotech are valued at ₹11,000 crore. Karunakar Reddy Baddam and family of Hyderabad-based Apollo Micro Systems enter the list with ₹7,500 crore. They are the wealthiest new entrants from the aerospace and defence sector named in the report. Skyroot Aerospace co-founder Pawan Kumar Chandana enters with ₹3,200 crore. Skyroot, which builds launch vehicles in Hyderabad, is one of two aerospace and defence companies represented in Hurun’s table of new entrants from frontier technology sectors. These four Hyderabad-linked entrepreneurs account for another ₹46,900 crore. Their presence adds data centres, artificial intelligence, solar manufacturing, biotechnology, aerospace and defence to the city’s established wealth sectors. <h3>Overseas residents add Hyderabad-linked business connections</h3> The list also includes Hyderabad connections among overseas residents. Microsoft chairman and CEO Satya Nadella, who is originally from Hyderabad, is valued at ₹10,600 crore in Hurun’s ranking of professional managers. As he is a US resident, his wealth is not counted under Telangana. Raj Sardana, founder of Innova Solutions, is a new entrant with wealth of ₹21,600 crore and lives in Atlanta. His company has its India headquarters in Kokapet, Hyderabad. This is a business-location connection and does not make him a Telangana resident or a Telugu-origin entrant in the state-wise count. <h3>Andhra roots behind several Hyderabad-based fortunes</h3> The geographical classification in the Hurun report is based primarily on residence. It does not fully capture the Andhra origins or cross-state operations of several Hyderabad business families. Murali Divi has roots in Andhra Pradesh, while Divi’s Laboratories is headquartered in Hyderabad. The company operates manufacturing units in Telangana and a major active pharmaceutical ingredient complex near Visakhapatnam. MEIL promoters P Pitchi Reddy and PV Krishna Reddy are based in Hyderabad but trace their roots to Dokiparru in Krishna district. Their combined fortune of ₹1,05,200 crore is counted under Hyderabad and Telangana rather than Andhra Pradesh. PV Ramprasad Reddy, an Andhra-born entrepreneur, co-founded Aurobindo Pharma in Hyderabad. Sridhar Pinnapureddy is also an Andhra-origin entrepreneur whose data-centre business was built and headquartered in Hyderabad. Another Andhra-linked name in the national Top 100 is Krishna Chivukula and family of INDO-MIM. Chivukula, who has roots in Bapatla district, is ranked 80th with wealth of ₹37,500 crore. As his residence is listed as Bengaluru, he is counted under Karnataka rather than Andhra Pradesh. These connections show that a residence-based comparison does not capture the wider Telugu-origin business presence. A classification based on birthplace, family origin or principal business operations would produce a larger Telugu business cohort than the 134 residents counted in Telangana and Andhra Pradesh. <h3>Andhra Pradesh has 14 rich-list residents</h3> In Andhra Pradesh, the report names N Visweswara Reddy and family as the state’s wealthiest residents. Reddy is the founder of Kadapa-based Shirdi Sai Electricals, with interests in transformers, power infrastructure and solar manufacturing. The ₹50,000-crore figure shown against Andhra Pradesh is the combined wealth of all 14 entrants. It is not Visweswara Reddy’s individual wealth. The press release does not provide his separate valuation. The Andhra Pradesh list has grown by two entrants to 14, according to the 2026 chart. The state has moved up one position by the number of entrants but remains 14th nationally by aggregate wealth. <h3>Hurun figures show inconsistencies in year-on-year comparisons</h3> Some figures in the Hurun data require clarification. The 2026 chart lists Hyderabad at 114 entrants, with a year-on-year addition of eight. The published 2025 list had placed Hyderabad at 102, which would indicate an increase of 12. Telangana is shown at 120 entrants, with an addition of seven, while the 2025 report had recorded 109. A direct comparison gives an increase of 11. Hurun’s methodology says some previous-year comparisons were restated after family holdings were split among individual members. It does not specify whether the geographical bases for Hyderabad and Telangana were also revised. There is also a rank variation involving Sridhar Pinnapureddy. The main Top 100 table places him at 62, while the table on new entrants to the Top 100 gives his position as 63. The press release contains the national Top 100 and selected thematic tables. It does not provide the complete names and individual fortunes of Telangana’s 120 entrants or Andhra Pradesh’s 14. A complete assessment of the Telugu states’ wealth profile will require the state-wise list and clarification from Hurun on the revised comparative figures. ]]>

HYDERABAD: Hyderabad accounts for 93.2% of the combined wealth of rich-list residents of Telangana and Andhra Pradesh, highlighting the concentration of business fortunes in the Telangana capital, according to the M3M Hurun India Rich List 2026. The list has 134 individuals from the two Telugu states in its ₹1,000-crore wealth club. Their combined wealth is estimated [...]HYDERABAD: Hyderabad accounts for 93.2% of the combined wealth of rich-list residents of Telangana and Andhra Pradesh, highlighting the concentration of business fortunes in the Telangana capital, according to the M3M Hurun India Rich List 2026.

The list has 134 individuals from the two Telugu states in its ₹1,000-crore wealth club. Their combined wealth is estimated at ₹10,77,100 crore. Hyderabad alone accounts for ₹10,03,800 crore, or 93.2% of the total.

Hyderabad accounts for bulk of Telangana’s rich-list wealth

The list identifies 120 residents of Telangana with combined wealth of ₹10,27,100 crore. Andhra Pradesh has 14 entrants with aggregate wealth of ₹50,000 crore.

Telangana has 27 dollar billionaires, compared with one in Andhra Pradesh. The rankings, released on September 23, are based on wealth calculations as of August 24, 2026. The national list covers 1,810 people with wealth of at least ₹1,000 crore each.

Hyderabad has 114 rich-list residents and 26 dollar billionaires. It is the fourth-largest Indian city by number of entrants, after Mumbai, New Delhi and Bengaluru. With aggregate wealth of ₹10,03,800 crore, it ranks fifth among cities by wealth.

The city accounts for 95% of Telangana’s rich-list entrants and 97.7% of its total listed wealth. The rest of Telangana has six entrants with combined wealth of ₹23,300 crore and one dollar billionaire.

Hyderabad has more than eight times as many entrants as Andhra Pradesh and about 20 times the wealth of the entire state. Its 26 dollar billionaires also compare with just one in Andhra Pradesh.

Hyderabad accounts for 6.3% of all individuals on the national list and 5.35% of their combined wealth. The two Telugu states together account for 7.4% of India’s rich-list entrants and 5.74% of the total wealth covered by the report.

Seven Hyderabad residents feature in national Top 100

Seven Hyderabad residents have made it to the national Top 100. Murali Divi and family of Divi’s Laboratories lead the city and the two Telugu states with wealth of ₹1,25,400 crore. They are ranked 13th nationally.

P Pitchi Reddy of Megha Engineering and Infrastructures Limited is ranked 52nd with ₹53,100 crore. MEIL managing director PV Krishna Reddy is ranked 54th with ₹52,100 crore.

Sridhar Pinnapureddy and family of CtrlS Datacentres are ranked 62nd with ₹46,100 crore. PV Ramprasad Reddy of Aurobindo Pharma is ranked 67th with ₹39,900 crore.

B Parthasaradhi Reddy and family of Hetero Labs are ranked 70th with ₹39,400 crore. Surender Pal Singh Saluja and family of Premier Energies are ranked 91st with ₹35,200 crore.

Together, the seven account for ₹3,91,200 crore, or 39% of Hyderabad’s total rich-list wealth.

Pharma and infrastructure lead wealth creation in city

Pharmaceuticals remain the largest established source of wealth among Hyderabad’s top business families. Murali Divi, PV Ramprasad Reddy and B Parthasaradhi Reddy together account for ₹2,04,700 crore.

Infrastructure is the second major bloc. MEIL promoters P Pitchi Reddy and PV Krishna Reddy together account for ₹1,05,200 crore.

The 2026 list also shows wealth emerging from data centres, artificial intelligence, solar manufacturing, defence electronics, private space and biotechnology.

Sridhar Pinnapureddy is the second-largest new entrant nationally and the wealthiest new entrant among India-based residents. Hurun has classified CtrlS Datacentres under artificial intelligence, with Pinnapureddy and his family valued at ₹46,100 crore.

Premier Energies’ Surender Pal Singh Saluja and family account for another ₹35,200 crore from green energy. The company’s presence in the Top 100 places solar manufacturing alongside Hyderabad’s established pharmaceutical and infrastructure businesses.

Beyond the Top 100, the report identifies Mahima Datla and family of Biological E among India’s five wealthiest biotechnology entrepreneurs, with wealth of ₹25,200 crore. Krishna Murthy Ella and family of Bharat Biotech are valued at ₹11,000 crore.

Karunakar Reddy Baddam and family of Hyderabad-based Apollo Micro Systems enter the list with ₹7,500 crore. They are the wealthiest new entrants from the aerospace and defence sector named in the report.

Skyroot Aerospace co-founder Pawan Kumar Chandana enters with ₹3,200 crore. Skyroot, which builds launch vehicles in Hyderabad, is one of two aerospace and defence companies represented in Hurun’s table of new entrants from frontier technology sectors.

These four Hyderabad-linked entrepreneurs account for another ₹46,900 crore. Their presence adds data centres, artificial intelligence, solar manufacturing, biotechnology, aerospace and defence to the city’s established wealth sectors.

Overseas residents add Hyderabad-linked business connections

The list also includes Hyderabad connections among overseas residents. Microsoft chairman and CEO Satya Nadella, who is originally from Hyderabad, is valued at ₹10,600 crore in Hurun’s ranking of professional managers. As he is a US resident, his wealth is not counted under Telangana.

Raj Sardana, founder of Innova Solutions, is a new entrant with wealth of ₹21,600 crore and lives in Atlanta. His company has its India headquarters in Kokapet, Hyderabad. This is a business-location connection and does not make him a Telangana resident or a Telugu-origin entrant in the state-wise count.

Andhra roots behind several Hyderabad-based fortunes

The geographical classification in the Hurun report is based primarily on residence. It does not fully capture the Andhra origins or cross-state operations of several Hyderabad business families.

Murali Divi has roots in Andhra Pradesh, while Divi’s Laboratories is headquartered in Hyderabad. The company operates manufacturing units in Telangana and a major active pharmaceutical ingredient complex near Visakhapatnam.

MEIL promoters P Pitchi Reddy and PV Krishna Reddy are based in Hyderabad but trace their roots to Dokiparru in Krishna district. Their combined fortune of ₹1,05,200 crore is counted under Hyderabad and Telangana rather than Andhra Pradesh.

PV Ramprasad Reddy, an Andhra-born entrepreneur, co-founded Aurobindo Pharma in Hyderabad. Sridhar Pinnapureddy is also an Andhra-origin entrepreneur whose data-centre business was built and headquartered in Hyderabad.

Another Andhra-linked name in the national Top 100 is Krishna Chivukula and family of INDO-MIM. Chivukula, who has roots in Bapatla district, is ranked 80th with wealth of ₹37,500 crore. As his residence is listed as Bengaluru, he is counted under Karnataka rather than Andhra Pradesh.

These connections show that a residence-based comparison does not capture the wider Telugu-origin business presence. A classification based on birthplace, family origin or principal business operations would produce a larger Telugu business cohort than the 134 residents counted in Telangana and Andhra Pradesh.

Andhra Pradesh has 14 rich-list residents

In Andhra Pradesh, the report names N Visweswara Reddy and family as the state’s wealthiest residents. Reddy is the founder of Kadapa-based Shirdi Sai Electricals, with interests in transformers, power infrastructure and solar manufacturing.

The ₹50,000-crore figure shown against Andhra Pradesh is the combined wealth of all 14 entrants. It is not Visweswara Reddy’s individual wealth. The press release does not provide his separate valuation.

The Andhra Pradesh list has grown by two entrants to 14, according to the 2026 chart. The state has moved up one position by the number of entrants but remains 14th nationally by aggregate wealth.

Hurun figures show inconsistencies in year-on-year comparisons

Some figures in the Hurun data require clarification. The 2026 chart lists Hyderabad at 114 entrants, with a year-on-year addition of eight. The published 2025 list had placed Hyderabad at 102, which would indicate an increase of 12.

Telangana is shown at 120 entrants, with an addition of seven, while the 2025 report had recorded 109. A direct comparison gives an increase of 11.

Hurun’s methodology says some previous-year comparisons were restated after family holdings were split among individual members. It does not specify whether the geographical bases for Hyderabad and Telangana were also revised.

There is also a rank variation involving Sridhar Pinnapureddy. The main Top 100 table places him at 62, while the table on new entrants to the Top 100 gives his position as 63.

The press release contains the national Top 100 and selected thematic tables. It does not provide the complete names and individual fortunes of Telangana’s 120 entrants or Andhra Pradesh’s 14.

A complete assessment of the Telugu states’ wealth profile will require the state-wise list and clarification from Hurun on the revised comparative figures. ]]>