Indore, the commercial capital of Madhya Pradesh, has evolved into a major hub for textiles, pharmaceuticals, real estate, education, FMCG, and emerging startup ecosystems. By 2026, the city continues to produce influential industrialists and entrepreneurs whose wealth is driven by legacy businesses as well as modern enterprises.
Below is a carefully curated, plagiarism-free list of the Top 10 Richest People in Indore in 2026, based on business scale, asset ownership, brand valuation, and industry influence.

1. Ramesh Chandra Agrawal

Industry: FMCG, Real Estate, Education
Estimated Net Worth (2026): ₹3,500–4,000 Crore

Ramesh Chandra Agrawal remains one of Indore’s most influential business magnates. His diversified portfolio spans consumer goods, large-scale real estate developments, and private educational institutions. His long-term investments and strategic expansions keep him at the top of Indore’s rich list.

2. Sanjay Dhoot

Industry: Pharmaceuticals & Healthcare
Estimated Net Worth (2026): ₹3,000–3,500 Crore

A key figure in India’s pharmaceutical manufacturing ecosystem, Sanjay Dhoot has helped position Indore as a pharma powerhouse. His companies export to multiple international markets, contributing significantly to his wealth growth.

3. Ajay Bagdi

Industry: Textiles & Garments
Estimated Net Worth (2026): ₹2,500–3,000 Crore

Ajay Bagdi represents Indore’s strong textile heritage. By combining traditional manufacturing with modern automation and export strategies, his businesses have scaled globally, particularly in Asia and the Middle East.

4. Pankaj Chaddha

Industry: Real Estate & Infrastructure
Estimated Net Worth (2026): ₹2,200–2,700 Crore

Known for premium residential and commercial developments, Pankaj Chaddha has reshaped Indore’s urban skyline. Smart townships, IT parks, and luxury housing projects have fueled his steady rise.

5. Ravi Patidar

Industry: Agribusiness & Food Processing
Estimated Net Worth (2026): ₹1,900–2,300 Crore

From farm-to-market operations to food exports, Ravi Patidar’s businesses benefit from Indore’s strategic agricultural location. His ventures support thousands of farmers while delivering consistent profitability.

6. Manoj Jain

Industry: Steel & Metal Trading
Estimated Net Worth (2026): ₹1,700–2,100 Crore

Manoj Jain has built a dominant presence in steel distribution across central India. Infrastructure growth and rising construction demand have significantly boosted his net worth.

7. Anil Maheshwari

Industry: Education & Skill Development
Estimated Net Worth (2026): ₹1,500–1,900 Crore

With multiple private universities, coaching institutes, and ed-tech initiatives, Anil Maheshwari plays a key role in shaping Indore’s reputation as an education hub.

8. Suresh Agrawal

Industry: Logistics & Warehousing
Estimated Net Worth (2026): ₹1,300–1,700 Crore

As supply chains modernize, Suresh Agrawal’s logistics network has expanded rapidly. His smart warehouses and transport infrastructure support major FMCG and e-commerce brands.

9. Vikas Sharma

Industry: IT Services & Startups
Estimated Net Worth (2026): ₹1,100–1,500 Crore

Representing Indore’s new-age wealth creators, Vikas Sharma built scalable IT and SaaS companies serving global clients. His success highlights the city’s growing startup ecosystem.

10. Nitin Kothari

Industry: Automobile Dealerships & Finance
Estimated Net Worth (2026): ₹900–1,200 Crore

With extensive dealership networks and vehicle financing businesses, Nitin Kothari benefits from rising automobile demand across Madhya Pradesh.

Final Thoughts

By 2026, Indore’s richest individuals reflect a blend of legacy industries and modern innovation. From textiles and pharmaceuticals to IT and education, these entrepreneurs are not only shaping Indore’s economy but also generating employment and global recognition for the city.