Radhakishan Shivkishan Damani, the founder of Avenue Supermarts Limited (DMart) topped the first edition of ‘India’s Top 200 Self-made Entrepreneurs of the Millennia 2023’ released by First Private (Private Banking by IDFC First Bank Limited) and Hurun India, with the value of Rs.2.38 lakh crore.
- He is followed by Binny Bansal and Sachin Bansal (founders of Flipkart India Private Limited) with an equity value of Rs. 1.19 lakh crore.
- Deepinder Goyal, the founder of Zomato Media Private Limited, is ranked third with a net worth of Rs 86,835 crore.
Top 10 Self-Made Entrepreneurs of the Millennia 2023:
| Rank | Name | Wealth | Company |
|---|---|---|---|
| 1 | Radhakishan Damani | Rs 238,188 crore | Dmart |
| 2 | Binny Bansal & Sachin Bansal | Rs 119,472 crore | Flipkart |
| 3 | Deepinder Goyal | Rs 86,835 crore | Zomato |
| 4 | Bhavi Sheth & Harsh Jain | Rs 66,542 crore | Dream11 |
| 4 | Sriharsha Majety & Nandan Reddy | Rs 66,542 crore | Swiggy (Bundl Technologies Private Limited) |
| 6 | Harshil Mathur & Shashank Kumar | Rs 62,384 crore | Razorpay Software Private Limited |
| 7 | Abhay Soi | Rs 55,085 crore | Max Healthcare Institute Limited |
| 8 | Vijay Shekhar Sharma | Rs 54,328 crore | Paytm (One97 Communications Limited) |
| 9 | Kunal Shah | Rs 53,234 crore | CRED |
| 10 | Nithin Kamath & Nikhil Kamath | Rs 50,630 crore | Zerodha Broking Limited |
Note: Eight of the top ten most valuable companies are startups.
About the List:
i.It is a list of the 200 most valuable companies in India founded after the millennium (year 2000).
ii.It demonstrates the vibrancy of Indian entrepreneurship across age groups, gender, and geography.
iii.It is comprised of 405 founders who are Self-made Entrepreneurs and propelling India’s entrepreneurial ecosystem to new heights.
iv.The list is based on the market capitalization of listed companies and valuations for non-listed companies.
v.The cut-off date for the list was September 30, 2023.
Key Points:
i.The cumulative value of all companies in the list is Rs 30 lakh crore.
- This value is equivalent to the Gross Domestic Product (GDP) of Denmark.
ii.34% of the companies in the list have global operations.
iii.Financial services and Retail led the way with 46 and 30 companies in the list.
- This is followed by Healthcare with 26 entrants.
iv.Only one-fourth of the companies featured in the list have been listed and traded in the stock exchanges.
Age:
i.The average age of entrepreneurs featured in the list is 44.
ii.Kaivalya Vohra(21) of Zepto is the youngest entrepreneur to feature in the list.
- He is followed by Shashvat Nakrani (25) of Bharatpe and Dilsher Malhi (27) of Zupee.
iii.Ashok Soota (80) of Happiest Minds is the oldest on the list.
Women in the list:
i.The list also recognized 20 women entrepreneurs.
ii.Ghazal Alagh(35) of Mamaearth and Saumya Singh Rathore(35) of Winzo are the youngest women on the list of women entrepreneurs.
ii.As per the list, Falguni Nayar of Nykaa is the top women entrepreneur.
Geographical Distribution:
i.The successful entrepreneur came from 23 cities across India
ii.Top 3 cities accounts for over half of India’s top entrepreneurs. They are:
- Bengaluru (Karnataka) – 129
- Mumbai (Maharashtra) – 78
- Gurugram (Haryana) & New Delhi (Delhi) – 49
Recent Related News:
“360 One Wealth Hurun India Rich List 2023”, the 12th–anniversary edition of Hurun India Rich List released in association with 360 One Wealth, is topped by Mukesh Ambani(66), Chairman of Reliance Industries limited(RIL).
About Hurun India:
Founder – Anas Rahman Junaid
Headquarters – Mumbai, Maharashtra
Established in – 2012
About IDFC FIRST Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – V. Vaidyanathan
Headquarters – Mumbai, Maharashtra
Established in – 2018
Tagline – Always You First
