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Radhakishan Damani, the founder of DMartretained the top spot in IDFC First Private & Hurun India’s Top 200 Self-Made Entrepreneurs of the Millenia 2024, with a net worth of Rs 3.4 lakh crore, showing a growth of 44%. Following closely behind is Deepinder Goyal’s Zomatowith a value of over Rs 2.5 lakh crore and seeing a staggering 190% growth. Founders a SwiggySriharsha Majety and Nandan Reddy, got the third place. The growing demand for fast-paced products among Indian consumers has made these businesses high on the list.
Notable non-unicorn companies in the top ten rankings include Avenue Supermarts, Zomato, Max Healthcare Institute, Makemytrip, Policy Bazaar, and Nykaa. It is worth noting that three of the top ten companies are located in Mumbai, Bengaluru, and Gurugram.
Ranked fourth in the list are Deep Kalra and Rajesh Magow, founders of MakeMyTrip, with a net worth of Rs 99,300 crore. Founded in 2000 by Deep Kalra, MakeMyTrip initially focused on the US-India travel market, offering competitive products and services backed by strong technology and dedicated customer service. Rajesh Magow, Co-Founder and Group CEO, has played an important role in important situations such as the NASDAQ listing of the company in 2010, together with the Ibibo group, and led the successful recovery of MakeMyTrip after the pandemic.
Abhay Soi, Chairman and Managing Director of Max Healthcare Institute, is also at fourth place with a net worth of Rs 96,100 Cr. His expertise led to funding from JP Morgan to set up Radiant Life Care, through which he transformed Dr BL Kapur Memorial Hospital in Delhi and Nanavati Hospital in Mumbai. In 2019, Radiant Life Care, backed by KKR, acquired 49.7% of Max Healthcare from South Africa-based Life Healthcare.
Yashish Dahiya and Alok Bansal, the founders of Policybazaar, climbed to the top 10 this year with a turnover of Rs 78,600 Cr, which represents a huge increase of 128% from last year. Their income has also increased by 36% during the same period. Founded in 2008, Policybazaar’s primary mission is to improve insurance transparency by reducing plan information, combating mis-selling, and reducing policy lapses.
Bhavit Sheth and Harsh Jain, co-founders of Dream11, India’s first gaming unicorn, have jointly secured the seventh position on IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2024 with a net worth of Rs 66,500 Cr.
Zerodha founders Nithin Kamath and Nikhil Kamath ranked 8th in the list with a net worth of Rs 64,800 Cr. The main goal of the company is to democratize the buying and selling of shares. Nithin, who has a background in business and finance, holds an engineering degree from NITK Surathkal. Nikhil Kamath, launched the “WTF Fund” which aims to support young entrepreneurs under the age of 22 in sectors such as fashion, beauty, and home industries.
Harshil Mathur and Shashank Kumar, co-founders of Razorpay, have secured the ninth position with a valuation of Rs 62,400 crore. Their entrepreneurial journey began in 2014, driven by the challenges they faced in the online payments sector in India. Recognizing a critical problem to be solved, the duo embarked on a strategy that catapulted Razorpay’s growth into India’s digital economy.
Falguni Nayar, the visionary behind Nykaa, has entered the top ten this year with a net worth of Rs 56,600 crore, which shows a 30% increase over last year. In 2012, he founded Nykaa, an e-commerce platform that offers a wide range of beauty products. Today, Nykaa has a diverse range of over 1,000 brands, catering to the diverse beauty and health needs of both men and women.
According to the report, 56 startups and 32 companies have been newly added to IDFC First Private & Hurun India’s Top 200 Self-Made Entrepreneurs list of Millennia 2024. In addition, there are 32 who dropped out of school this year. There has been a 15% increase in the number of billion dollar companies founded by millennial self-employed entrepreneurs, with a total of 121 companies now included in the list. Three people on the list are worth INR 1 lakh crore or more, compared to two people last year.
Entry into the list of IDFC First Private & Hurun India’s Top 200 Self-Made Entrepreneurs of the Millennia 2024 has increased by 13% to Rs 3,400 crore.
The impressive growth of the Indian market brought 12 new players to the market. Of the new entrants, 38% come from publicly listed companies, with the remaining 18 coming out of the startup sector. This indicates a potential meltdown in the complex environment that they have previously created.
The combined value of all companies on the list is Rs 36 lakh crore (US $ 431 billion), which shows a significant increase of 20% compared to last year. This value is almost equal to the GDP of Maharashtra and exceeds the GDP of all other states in India.
