The wealth creation story of the new millennium is mainly dominated by startups. A recent report by Hurun and IDFC First revealed that India’s top 200 companies, created by self-made entrepreneurs, have amassed a staggering wealth of ₹30 lakh crore – equivalent to the GDP of Denmark.
Topping the list is Radhakrishna Damani’s DMart with a value of ₹2.3 lakh crore, followed by Flipkart, founded by Binny Bansal and Sachin Bansal. The majority of the top 10 companies are startups, such as Zomato, Swiggy, and Razorpay, with the exception of Max Healthcare Institute.
The list is also heavily influenced by startups in sectors like Ola, Oyo, and Udaan, reflecting India’s entrepreneurial diversity. Digital businesses, including fintechs and D2C brands, stand out as having significant contributions to the wealth creation.
Another significant finding is that over half of the entrepreneurs are engineers, with many hailing from prestigious institutions such as the IITs. The youth are also making their mark, with 32 founders born in the 1990s and 20 women entrepreneurs included in the list.
It is worth noting that most of the wealth generated by these companies is private, not public. Only 25% of the companies are publicly listed, with the rest being privately held.
Overall, the list paints a vibrant picture of India’s entrepreneurial ecosystem and the incredible wealth being generated by self-made entrepreneurs.
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