Astrology and Engineering: The Winning Combination for Entrepreneurs
A recent report by Hurun and IDFC First has revealed that a significant number of India’s top self-made entrepreneurs share some common traits: they are engineers with IIT degrees and are born under the Virgo star sign. The report also indicates that 225 of the 405 founders on the list are engineers, highlighting the growing influence of the digital era on entrepreneurship.
Additionally, the report found that marquee colleges like IIT Delhi, IIT Bombay, and IIT Kharagpur produced 82 of the founders. The proximity to startup ecosystems, such as Bangalore, Mumbai, and Gurugram, also played a role in the success of these entrepreneurs.
In terms of astrology, Virgo was the most common star sign amongst the founders, with 14% of the companies led by Virgo entrepreneurs. Known for their logical and practical approach to life, Virgos are seen as having the qualities needed for successful entrepreneurship in a rapidly changing world. Cancer and Leo were the next most common star signs in the list, with 12% and 10% of the founders being born under these signs, respectively.
The report also highlights the significant contribution of startups to the Indian economy, with the top 200 companies on the list creating wealth amounting to ₹30 lakh crore, equivalent to the GDP of Denmark. Retail billionaires like Radhakrishna Damani and Binny Bansal and Sachin Bansal were also recognized as top wealth creators since 2000, indicating the massive impact of startups on the economy.
Commenting on the report, Anas Rahman Junaid, founder & managing director of Hurun India, noted that approximately 25% of the companies on the list are publicly listed, and 34% have expanded their operations globally, showcasing the global ambitions of Indian entrepreneurs.
Overall, the report indicates that the digital economy and new-era companies, including unicorns and soonicorns, are leading the wealth creation sphere in India. V Vaidyanathan, MD & CEO of IDFC FIRST Bank, expressed optimism about India’s future, stating that with continued investment in infrastructure and reforms, India could transform into a developed country, exceeding a per capita income of $15,000 by 2050.
In conclusion, the report sheds light on the unique combination of engineering skills, astrology, and the digital economy that continues to shape the landscape of entrepreneurship in India.
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