IDFC First Bank and Hurun India have unveiled the ‘Top 200 Self-made Entrepreneurs of the Millennia 2023,’ recognizing India’s post-2000 companies driving remarkable success. Radhakishan Damani of Avenue Supermarts secures the top spot, with Flipkart and Zomato founders following suit. The list showcases the diverse age range of visionaries and underlines Bengaluru as a prime hub for startups. The combined value of the listed companies reaches an impressive INR 30 lakh crore, equivalent to Denmark’s GDP.
The list identifies the 200 most valuable companies in India established on or after the year 2000, reflecting their unparalleled success in shaping India’s modern business landscape. The 1990s marked a significant decade for entrepreneurial innovation in India, leading the country to economic prominence. The list features 8 out of the Top 10 most valuable companies from startups, emphasizing the dynamic growth of the Indian startup ecosystem.
Hurun, a London-based research and luxury publishing company, aims to promote entrepreneurship through research and lists. The collaboration with IDFC First Bank highlights the accomplishments of self-made Indian entrepreneurs who have nurtured valuable companies during this millennium. Vikas Sharma, Head-Wealth Management & Private Banking at IDFC FIRST Bank, notes that the list showcases the talent, innovation, and accomplishments of India’s visionary founders.
The ranking is based on the value of enterprises created by the founders rather than the net worth of the founders themselves. The list sheds light on the age diversity of the top entrepreneurs, with 1/3rd of them younger than 40, and the eldest, 80-year-old Ashok Soota of Happiest Minds Technologies. Kaivalya Vohra of Zepto, at 21, is the youngest, while Bengaluru stands out as the top choice for most founders to start their companies.
Anas Rahman Junaid, MD, and Chief Researcher at Hurun India mention that 20 women feature among India’s Top 200 Self-made Entrepreneurs of the Millennia 2023. The research methodology uses market cap for listed companies and industry multiples for unlisted ones, sourced from annual reports or audited financial statements.
Lists like the ‘Top 200 Self-Made Entrepreneurs of the Millennia 2023’ spotlight the visionary minds behind India’s startup ecosystem, catalyzing awareness of their transformative contributions in job creation and economic evolution.
