Dr Singh sought their views on India's stand at the G-20 summit for a way out of the global crisis.
The meeting was attended by Tata group head Ratan Tata, Aditya Birla group chairman Kumar Mangalam Birla, ICICI Managing Director and CEO K V Kamath, Essar Group's Shashi Ruia and FICCI President Harsh Pati Singhania.
Other prominent businessmen included Assocham President Sajjan Jindal, R P Goenka of the Goenka group, Adi Godrej of the Godrej group, Sunil Kant Munjal of Hero group, Baba Kalyani of Bharat Forge and CII Chief Mentor Tarun Das.
Planning Commission Deputy Chairman Montek Singh Ahluwalia and Cabinet Secretary K M Chandrasekhar also attended the meeting.
The Prime Minister, who is leaving for London on March 31 to attend the G-20 summit, will meet Obama and heads of other developed and developing nations and representatives of the International Monetary Fund, the World Bank and the Asian Development Bank.
Dr Singh will have his first meeting with US President Barack Obama on the sidelines of the G-20 summit in London on Apr 2.
Apart from monitoring regulations of international finance institutions, Dr. Singh would also take up issues related to protectionism and job losses.
Bilateral regional and global issues, including the Afghanistan, Pakistan strategic review, climate change and the status of world economy will also figure prominently in the deliberations.