An excerpt from the BUSINESS INDIA magazine, Feb edition.
"According to D&B - the world's leading provider of sales and marketing solutions - there are more than 81,000 millionaires with each one having an investible surplus of over $1 million (Rs 4.6 crores) across the metros as also Pune and Ahmedabad.
There are around 2,54,300 millionaires with an investible surplus of $50,000 - 1 million (Rs. 2.3 crores to 4.6 crores). Mumbai is leading the table of such millionaires (with around 63,750 individuals: inclusive of both categories), followed by Delhi (around 56,000), Bangalore (at a distance , with around 18,675), Chennai (around 18,500), Kolkata (17960) and Hyderabad (13,450). The number of millionaires in India is growing at a rapid pace. With such a big amount of surplus money available, these HNIs (High Net worth Individuals) often tend to upgrade their lifestyle. "
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