IDFC FIRST Private Banking and Hurun India recently unveiled the inaugural edition of ‘IDFC FIRST Private Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2023,’ showcasing the 200 most valuable companies in India established after 2000. “The list showcases the immense talent, innovation, and accomplishments of India’s visionary founders, those who are propelling the nation’s entrepreneurial ecosystem to new heights,” expressed Vikas Sharma, Head of Wealth Management & Private Banking at IDFC.
Also Hurun India’s MD and Chief Researcher, Anas Rahman Junaid said: “The list demonstrates the vibrance of Indian entrepreneurship across age groups, gender, and geography with one-third of entrepreneur featured in the list are aged under 40 and the eldest on the list is 80 years old. It is interesting to note that Bengaluru occupies the top choice for most of the founders in the list to start their companies.”
The pioneer edition revealed DMart’s Radhakishan Damani as the frontrunner with a Market Cap of Rs 238,188 crore, followed by Flipkart’s Binny and Sachin Bansal at Rs 119,472 crore and Zomato’s Deepinder Goyal at Rs 86,853 crore.
Top 10 Self-Made Entrepreneurs
1. Radhakishan Damani (DMart) – Rs 238,188 crore
2. Binny Bansal & Sachin Bansal (Flipkart) – Rs 119,472 crore
3. Deepinder Goyal (Zomato) – Rs 86,835 crore
4. Bhavi Sheth & Harsh Jain (Dream11) – Rs 66,542 crore
5. Sriharsha Majety & Nandan Reddy (Swiggy) – Rs 66,542 crore
6. Harshil Mathur & Shashank Kumar (Razorpay) – Rs 62,384 crore
7. Abhay Soi (Max Healthcare Institute) – Rs 55,085 crore
8. Vijay Shekhar Sharma (Paytm) – Rs 54,328 crore
9. Kunal Shah (CRED) – Rs 53,234 crore
10. Nithin Kamath & Nikhil Kamath (Zerodha) – Rs 50,630 crore
Insights and Rankings
The companies were meticulously ranked based on value, considering market capitalization for listed firms and valuations for non-listed entities. The cutoff date for this comprehensive list was September 30, 2023, encompassing 405 founders across 200 companies.
Noteworthy Findings
1. The report unveils that 20 companies are led by professional CEOs.
2. Educational backgrounds are diverse, with 34% holding a graduation degree and 52% being post-graduates.
3. Engineers dominate the entrepreneurial landscape, constituting 225 individuals, followed by 10 Chartered Accountants and 7 Doctors.
Key Figures and Observations
1. Eight of the top 10 most valuable millennium-founded companies are startups.
2. The cumulative value of all companies on the list amounts to Rs 30 lakh crore, equivalent to Denmark’s GDP.
3. The youngest entrepreneur on the list is 21-year-old Kaivalya Vohra of Zepto, while the most experienced is 80-year-old Ashok Soota of Happiest Minds.
4. The average age of the Top 200 Self-made Entrepreneurs of the Millennia 2023 is 44.
Educational Landscape
1. IIT Delhi emerges as the preferred undergrad college, with 38 founders, followed by IIT Mumbai and IIT Kharagpur.
2. A notable 34% of the companies on the list operate globally.
Industry Insights
1. Financial services and Retail lead with 46 and 30 companies, respectively, followed by Healthcare with 26 entrants.
2.Only one-fourth of the companies featured are listed on the stock exchange.
Conclusion
This list not only celebrates the accomplishments of visionary founders but also showcases the vibrancy of Indian entrepreneurship across demographics. As we delve into the insights, it becomes evident that these entrepreneurs are propelling India’s entrepreneurial ecosystem to unprecedented heights.
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