, CEO of , has topped the , with the company valued at $4.2 trillion. of Microsoft ranked second, followed by Sanjay Mehrotra of Micron Technology.




The list covers 236 leaders of Indian origin who lead 200 companies headquartered outside India. Together, these companies are valued at $15 trillion, 53% higher than the $9.9 trillion recorded in the first edition in 2024.




The companies employ nearly 5.3 million people worldwide and generated combined revenue of $2.5 trillion in 2025. Their total net profit stood at $416 billion.



Alphabet overtakes Microsoft


Alphabet’s value rose 98% since the 2024 list, while Microsoft’s value fell 17%. This helped Alphabet overtake Microsoft as the most valuable company led by a global Indian.




Micron Technology recorded the sharpest rise among the top five companies. Its value increased 1,174% to $1.4 trillion, driven by demand for memory chips used in systems.




The top five companies on the list are together valued at $9.1 trillion, accounting for about 61% of the total value. The top 10 account for $10.5 trillion, or nearly 70% of the total.




Neal Mohan of YouTube and Thomas Kurian of Google Cloud completed the top five.



AI companies gain ground


Artificial intelligence featured as an industry on the list for the first time. It includes 18 companies valued at $227 billion, making it the fourth-largest industry by the number of companies.




Overall, 103 of the 200 companies are AI-driven or AI-integrated. Together, they account for $10.7 trillion, or 71% of the total value of the list.




Cursor, valued at $60 billion, is the most valuable start-up on the list. Seven of the 10 most valuable start-ups are AI companies, and all 10 are headquartered in the US.




Software and services remained the largest industry, with 53 companies, followed by financial services with 31 and healthcare with 21.



US remains the main base


The US is home to 177 entrants, or about three-fourths of the list. The UAE and the UK follow with 15 entrants each, while Singapore has nine.




San Francisco is the most common city of residence, with 40 entrants. Dubai follows with 15, while Palo Alto and London have 13 each.




California alone accounts for 91 entrants. Maharashtra leads among Indian states of origin with 22 entrants, followed by Delhi with 21 and Tamil Nadu with 15.




Africa appeared on the list for the first time through Arvind Pathak, Group Managing Director of Dangote Group. The list now covers five continents.



Indian education remains significant


Around 58% of the leaders completed their undergraduate studies in India before building careers with global companies.




IIT Delhi produced the highest number of entrants at the undergraduate level, with 15, followed by the University of Mumbai with 12 and IIT Madras with 11.




At the postgraduate level, Stanford University led with 19 entrants. Around 73% of the 176 entrants with postgraduate degrees studied in the US.



Women leaders account for $699 billion


The list includes 16 women, up from 12 in 2024. Their companies are together valued at about $699 billion.




Jayshree V. Ullal of Arista Networks leads the group, with the company valued at $208 billion. Reshma Kewalramani of Vertex Pharmaceuticals and Gunjan Kedia of US Bancorp follow.




Adarsh Hiremath and Surya Midha, the 23-year-old co-founders of Mercor, are the youngest entrants. Romesh Wadhwani of SymphonyAI, aged 79, is the oldest. The average age of the entrants is 55.




“Global India is a story of ambition beyond borders of people and enterprise connecting India with the world. It is not simply about success overseas, but about the opportunities these connections can create in both directions," Sandeep Batra, Head of International Wealth and Premier Banking at HSBC India, said.




“For decades, we called it a brain drain. This list shows it has become a brain bridge, with leaders of Indian origin running companies worth US$15 trillion across five continents,” Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, said.