Confluent's Co-founder Neha Narkhede Aged 37 is the Youngest Self-made Woman Entrepreneur in India

WITH A WEALTH OF INR 17,500 CR ZERODHA’S NIKHIL KAMATH, 36, TOPS THE LIST, FOLLOWED BY BHAVISH AGGARWAL OF OLA ELECTRIC, 37, WITH INR 11,700 CR AND MEDIA.NET’S DIVYANK TURAKHIA, 40, WITH WEALTH OF INR 11,200 CR EACH

IIFL Wealth and Hurun India today released the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022, a ranking of the self-made entrepreneurs with a wealth of INR 1,000 Cr, aged forty years and under from India. Wealth calculations are a snapshot of 30th August 2022. This list follows on from the IIFL Wealth Hurun India Rich List 2022 released on 21st September 2022.

Co-founder of Confluent, a streaming data technology company, Neha Markhede aged 37 is the youngest self-made woman entrepreneur in the list.

Speaking about the 40 & Under Self-Made India Rich List, Shajikumar Devakar, Executive Director, IIFL Wealth, said, “The IIFL Wealth Hurun India 40 & Under Self-Made Rich List acknowledges and encourages the young leaders who believed in innovation and successfully transformed the industry. We are proud to witness that there are almost 53 Indian-origin entrepreneurs who are aged under 40. We truly celebrate these top change makers. The current wave of start-ups and entrepreneurship has set global benchmarks and driving domestic players to compete with foreign competitors. It is encouraging to witness that the entrepreneurial ecosystem has emerged as one of the pillars of the new knowledge economy and created significant employment, wealth and opportunities. We, at IIFL Wealth believe India’s start up ecosystem will continue to generate wealth for individuals and the nation.”

Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said, “The unprecedented wealth creation in the past five years in India, when other countries are stalling and are in a recessionary mode, reaffirms India as the ‘engine of growth for the global economy’. IIFL Wealth Hurun India 40 & Under Self-Made Rich List represents the list of most attractive start-ups and entrepreneurs who are driven by growth and innovation and were able to achieve remarkable achievements in their respective industries. The cumulative wealth of the entrants in 40 & Under Self-made List has increased by 11% in comparison to last year, currently standing at INR 1,83,700 crore highlighting the increasing rate of entrepreneurship that exists in the ecosystem. The IIFL Wealth and Hurun 40 & Under Self-made List is designed with an aim to encourage more young people to explore entrepreneurship by learning through the stories of many successful under 40 entrepreneurs.

Our report’s mission is to promote entrepreneurship through its lists and research. The stories of the people from the IIFL WEALTH HURUN INDIA RICH LIST 2022 list tell the story of the Indian economy. Hurun India has managed to bring the cut-off of the Hurun India rich list down to 1,000 crores from 1,800 crore eleven years ago. This enables us to tell exciting stories about local heroes from smaller cities and towns – stories that might otherwise get missed. concluded Anas Rahman Junaid.

The Top 10

The list includes the details of all the entrepreneurs featured in the IIFL Wealth Hurun India Rich List 2022, who are at or below the age of 40.

Table : The Top 10 in IIFL Wealth Hurun India 40 & Under Self-Made Rich List


Rank

Name

Wealth INR Cr

Change %

Company

Age

City of Residence
1 Nikhil Kamath 17,500 9% Zerodha 36 Bengaluru
2 Bhavish Aggarwal 11,700 56% Ola Electric 37 Bengaluru
3 Divyank Turakhia 11,200 -10% Investments 40 Dubai
4 Nakul Aggarwal 9,900 -20% BrowserStack 37 Mumbai
4 Ritesh Arora 9,900 -20% BrowserStack 38 Mumbai
6 Binny Bansal 8,100 1% Flipkart 39 Bengaluru
7 Ritesh Agarwal 6,300 0% OYO 28 New Delhi
8 Harshil Mathur 5,500 57% Razorpay 31 Bengaluru
8 Shashank Kumar 5,500 57% Razorpay 32 Bengaluru
10 Neha Narkhede & family 4,700 -61% Confluent 37 Palo Alto

Source: IIFL Wealth Hurun India Rich List 2022

Where they live

47 of the 53 entrepreneurs reside in India. India’s Silicon Valley, Bengaluru has the highest number of IIFL Wealth Hurun India Rich Listers aged under 40.

Table 2: Geographical distribution of IIFL Wealth Hurun India 40 & Under Self-Made Rich List


Rank

City of Residence

No. of Individuals in the list

Richest Individual

Wealth
INR Cr
1 Bengaluru 14 Nikhil Kamath 17,500
2 Mumbai 8 Nakul Aggarwal
Ritesh Arora
9,900
9,900
2 New Delhi 8 Ritesh Agarwal 6,300
4 Gurugram 4 Varun Alagh & Ghazal Alagh 3,000
5 Dubai 2 Divyank Turakhia 11,200
5 Thane 2 Aaditya Sharda
Souvik Sengupta
2,100
2,100
5 Hyderabad 2 Varun Khaitan 1,900

Source: IIFL Wealth Hurun India Rich List 2022





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