India’s self-made entrepreneur rankings saw a notable shift in 2025, with fintech major Paytm entering the Top 10 of the third edition of the IDFC FIRST Private and Hurun India Top 200 Self-made Entrepreneurs of the Millennia list. The latest rankings point to the growing influence of technology led consumer brands, while earlier leaders Razorpay and Zerodha slipped out of the Top 10, signalling a change in the country’s wealth creation hierarchy.
The combined value of all companies featured in the IDFC FIRST Private and Hurun India Top 200 Self-made Entrepreneurs of the Millennia 2025 stood at Rs 42 lakh crore or USD 469 billion, up from Rs 36 lakh crore or USD 431 billion last year. This marked a growth of 15 percent, highlighting the pace at which wealth continues to be created by India’s new generation of entrepreneurs. Bengaluru led the list with 88 entrepreneurs, including Harshil Mathur of Razorpay, Nikhil Kamath of Zerodha and Harsh Jain of Groww. Mumbai followed with 83, while New Delhi accounted for 52, together making up over half the list.
“India stands tall as one of the world’s leading nations for the quality of its entrepreneurship ecosystem. The Third Edition of IDFC FIRST Private and Hurun India’s Top 200 Self made Entrepreneurs of the Millennia 2025 marks another year of celebrating India’s vibrant startup and entrepreneurial journey,” said Vikas Sharma, Head Wealth Management and Private Banking at a private bank. Financial services remained the top sector with 47 companies. Vineet Sukumar of Vivriti Capital emerged as one of the biggest rank movers, rising 74 places to a valuation of Rs 11,500 crore.
Groww stood out as one of the top 3 percentage gainers, rising 148 percent to Rs 62,100 crore. It also ranked among the highest profit generators with Rs 1,824 crore and paid about Rs 639 crore in direct taxes. Paytm, now in the Top 10, was among the largest investors in employee benefits at around Rs 3,288 crore. Yashish Dahiya and Alok Bansal of Policybazaar ranked seventh at Rs 80,300 crore, while Vijay Shekhar Sharma of Paytm rose to eighth at Rs 72,900 crore. Shashvat Nakrani of BharatPe ranked third among the youngest at age 27, while V Jagannathan of Star Health led the most experienced category at age 80. Ruchi Kalra of OfBusiness, Kavitha Subramanian of Upstox and Ruchi Deepak of ACKO General Insurance ranked among the top women entrepreneurs.
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