Self-made entrepreneurs in India have created a staggering amount of wealth, equivalent to the GDP of Denmark, according to a report by Hurun and IDFC First. Leading the pack is Radhakrishna Damani’s DMart, valued at ₹2.3 lakh crore, followed by Flipkart, co-founded by Binny Bansal and Sachin Bansal. Startups dominate the list of top companies, with tech and digital businesses leading the way.
Young entrepreneurs are well-represented on the list, with a third of the 405 founders under the age of 40. Additionally, over half of the founders are engineers, with many hailing from prestigious institutions like the IITs. Only 25% of the companies on the list are publicly listed, highlighting the strong presence of privately-held companies.
The list is also heavy on startups and new-age businesses, such as food delivery services, digital payment platforms, and e-commerce ventures. Pharma and healthcare companies also feature prominently, reflecting the diverse nature of India’s entrepreneurial ecosystem.
The founders included in the list have created an impressive amount of wealth, with many startups achieving unicorn status. As India continues to develop its digital infrastructure, the opportunities for entrepreneurship and wealth creation are expected to grow.
Overall, the wealth creation story of this millennium in India is driven by startups, cementing the country’s reputation as a hub for innovation and entrepreneurship.
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