The HSBC Hurun Global Indians List 2026 tracks 236 executives of Indian origin directing 200 non-Indian enterprises with an aggregate valuation of $15 trillion. Artificial intelligence served as the primary catalyst, with 103 AI-driven or AI-integrated firms accounting for 71 percent of the total wealth represented. Meanwhile, Micron Technology experienced an extraordinary 1,174 percent valuation spike to $1.4 trillion, securing Sanjay Mehrotra the third spot on the list. These featured organizations generated a cumulative $2.5 trillion in revenue and $416 billion in net profit during 2025.
Key points
Enterprises led by executives of Indian origin employ 5.3 million individuals globally ac…: Enterprises led by executives of Indian origin employ 5.3 million individuals globally across five continents.
Artificial intelligence integration contributed $10.7 trillion across 103 companies to do…: Artificial intelligence integration contributed $10.7 trillion across 103 companies to dominate the index's total valuation.
California serves as the primary geographic hub for the cohort, housing 91 of the feature…: California serves as the primary geographic hub for the cohort, housing 91 of the featured business leaders.
Sources checked by our analysis pipeline: 1
Sundar Pichai, CEO of Alphabet, has topped the HSBC Hurun Global Indians List 2026, with the company valued at $4.2 trillion. Satya Nadella 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.
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 artificial intelligence 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.
Bengaluru-based apparel manufacturer Page Industries established November 18, 2026, as the record date to determine investor eligibility for its latest payout. Despite reporting quarterly earnings growth, the company faced mounting cost pressures as total expenses climbed 15%. This profitability strain prompted an immediate negative market reaction, driving the stock down more than 12% toward a six-month low.
Singapore authorities took action after discovering the Chinese businesswoman sought to obscure her involvement in Megaspeed, a data centre firm accused of breaching U.S. export controls by smuggling thousands of advanced processors into China. The development carries significant geopolitical and corporate weight given her admitted personal ties to Nvidia CEO Jensen Huang, which she and her husband used to pursue lucrative technology ventures.
Amsterdam-based infrastructure provider Nebius secured robust third-quarter results as customers committed to extended contracts with higher upfront payments, fully funding the firm's immediate data center and networking buildouts. However, a conservative 2026 revenue forecast capped enthusiasm as investors scrutinize debt and financing conditions across the specialized AI cloud sector. The print offers relief following severe market swings that erased more than a third of the company's valuation last month.