WITH A WEALTH OF INR 17,500 CR ZERODHA’S NIKHIL KAMATH, 36, TOPS THE LIST, FOLLOWED BY BHAVISH AGGARWAL OF OLA ELECTRIC, 37, WITH INR 11,700 CR AND MEDIA.NET’S DIVYANK TURAKHIA, 40, WITH WEALTH OF INR 11,200 CR EACH
53 INDIAN-ORIGIN ENTREPRENEURS AGED UNDER 40
15 NEW ENTRANTS, OF WHICH ALL OF THEM ARE START-UP FOUNDERS
ALAKH PANDEY, POPULARLY KNOWN AS 'PHYSICS WALLAH' AND HIS CO-FOUNDER PRATEEK BOOB DEBUTED IN THE LIST AND BOTH ARE RANKED AT 399 POSITION WITH A WEALTH OF INR 4,000 CRORE WITH THEIR EDTECH PHYSICS WALLAH TURNING UNICORN
CO-FOUNDER OF CONFLUENT, A STREAMING DATA TECHNOLOGY COMPANY, NEHA NARKHEDE AGED 37 IS THE YOUNGEST SELF-MADE WOMAN ENTREPRENEUR IN INDIA
IIFL WEALTH HURUN INDIA 40 AND UNDER SELF-MADE ENTREPRENEURS CUMULATIVELY ADDED A WEALTH OF INR 1,85,000 CR, REGISTERING AN INCREASE OF 12% COMPARED TO LAST YEAR
WITH 14 INDIVIDUALS, BENGALURU IS THE MOST PREFERRED CITY FOR BUSINESS HQ FOR THESE YOUNG WEALTH CREATORS, FOLLOWED BY NEW DELHI AND MUMBAI WITH 8 EACH
SIX FROM THE LIST LOCATED OUTSIDE OF INDIA
AVERAGE AGE 34; AT 19, ZEPTO’S KAIVALYA VOHRA IS THE YOUNGEST SELF-MADE ENTREPRENEUR IN THE LIST
Bengaluru, 28 September 2022: IIFL Wealth and Hurun India today released the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022, a ranking of the self-made entrepreneurs with a wealth of INR 1,000 Cr, aged forty years and under from India. Wealth calculations are a snapshot of 30th August
2022. This list follows on from the IIFL Wealth Hurun India Rich List 2022 released on 21st September 2022.
Speaking about the 40 & Under Self-Made India Rich List, Shajikumar Devakar, Executive Director, IIFL Wealth, said, “The IIFL Wealth Hurun India 40 & Under Self-Made Rich List acknowledges and encourages the young leaders who believed in innovation and successfully transformed the industry. We are proud to witness that there are almost 53 Indian-origin entrepreneurs who are aged under 40. We truly celebrate these top change makers. The current wave of start-ups and entrepreneurship has set global benchmarks and driving domestic players to compete with foreign competitors. It is encouraging to witness that the entrepreneurial ecosystem has emerged as one of the pillars of the new knowledge economy and created significant employment, wealth and opportunities. We, at IIFL Wealth believe India’s start up ecosystem will continue to generate wealth for individuals and the nation.”
Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said, “The unprecedented wealth creation in the past five years in India, when other countries are stalling and are in a recessionary mode, reaffirms India as the ‘engine of growth for the global economy’. IIFL Wealth Hurun India 40 & Under Self-Made Rich List represents the list of most attractive start-ups and entrepreneurs who are driven by growth and innovation and were able to achieve remarkable achievements in their respective industries. The cumulative wealth of the entrants in 40 & Under Self-made List has increased by 11% in comparison to last year, currently standing at INR 1,83,700 crore highlighting the increasing rate of entrepreneurship that exists in the ecosystem. The IIFL Wealth and Hurun 40 & Under Self-made List is designed with an aim to encourage more young people to explore entrepreneurship by learning through the stories of many successful under 40 entrepreneurs.
Our report’s mission is to promote entrepreneurship through its lists and research. The stories of the people from the IIFL WEALTH HURUN INDIA RICH LIST 2022 list tell the story of the Indian economy. Hurun India has managed to bring the cut-off of the Hurun India rich list down to 1,000 crores from 1,800 crore eleven years ago. This enables us to tell exciting stories about local heroes from smaller cities and towns - stories that might otherwise get missed. concluded Anas Rahman Junaid.
Table 1: The Top 10 in IIFL Wealth Hurun India 40 & Under Self-Made Rich List
Rank |
Name |
Wealth INR Cr |
Change % |
Company |
Age |
City of Residence |
1 |
Nikhil Kamath |
17,500 |
9% |
Zerodha |
36 |
Bengaluru |
2 |
Bhavish Aggarwal |
11,700 |
56% |
Ola Electric |
37 |
Bengaluru |
3 |
Divyank Turakhia |
11,200 |
-10% |
Investments |
40 |
Dubai |
4 |
Nakul Aggarwal |
9,900 |
-20% |
BrowserStack |
37 |
Mumbai |
4 |
Ritesh Arora |
9,900 |
-20% |
BrowserStack |
38 |
Mumbai |
6 |
Binny Bansal |
8,100 |
1% |
Flipkart |
39 |
Bengaluru |
7 |
Ritesh Agarwal |
6,300 |
0% |
OYO |
28 |
New Delhi |
8 |
Harshil Mathur |
5,500 |
57% |
Razorpay |
31 |
Bengaluru |
8 |
Shashank Kumar |
5,500 |
57% |
Razorpay |
32 |
Bengaluru |
10 |
Neha Narkhede & family |
4,700 |
-61% |
Confluent |
37 |
Palo Alto |
Source: IIFL Wealth Hurun India Rich List 2022
Where they live
47 of the 53 entrepreneurs reside in India. India’s Silicon Valley, Bengaluru has the highest number of IIFL Wealth Hurun India Rich Listers aged under 40.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
Also Forges Payment Processing Partnership MOU with Saudi Arabia’s Premier Bank – SAB (Saudi Awwal Bank)
Mumbai, March 13, 2024: SANY India, a leading manufacturer of construction equipment, has taken a
Continuing its expansion plan in India, Radisson Hotel Group is excited to announce the signing of 150-room Radisson Blu Hotel, Ayodhya. A greenfie