Over the past decade, India has seen a rapid rise of entrepreneurs emerging from all domains. According to rediff.com the estimated count in the number of entrepreneurs as of 2022 increased from 52 million to 76 million of youngest self-made millionaires in India.
Over a period of time, India became the third-largest in terms of real Gross Domestic Product (GDP) after the United States of America and China. Because of this fact, our entrepreneurs are one of the many reasons for the economic growth of India, which stated that over 76 million entrepreneurs are there in India.
Many of them are self-made entrepreneurs or the business was handed to them as heritage by their elders. Without any previous experience, some self-made entrepreneurs managed to accomplish a miracle and ultimately became the richest entrepreneurs at a very young age. In this article, we bring to you the top 10 youngest self-made millionaires in India.
The top 10 youngest self-made millionaires in India
- Nithin Kamath
- Nikhil Kamath
- Divyank Turakhia
- Ankit Bhati
- Bhavish Agarwal
- Vijay Shekar Sharma
- Binny Bansal
- Sachin Bansal
- Ritesh Agarwal
- Deepinder Goyal
The top 10 youngest self-made millionaires in India
1. Nithin Kamath
Net Worth: INR 25,600 Cr
Founded: Zerodha
Education: Alumni of Bengaluru Institute of Technology
One of the top 10 youngest self-made millionaires in India, Nithin Kamath founded Zerodha, a discount brokerage firm to break all the issues investors and traders struggle within India regarding capital cost, technology, and support. He is a Chartered Accountant (CA) and Chief Executive Officer of Zerodha. One can view his educational and informative content on Twitter.
Founded in the year 2010, Zerodha is said to have more than 5 million clients as of 2022. It was also India’s first discount brokerage firm for which he received many praises.
2. Nikhil Kamath
Net Worth: INR 11,100 Cr
Founded: Zerodha
Education: School Dropout, Chess prodigy
Nikhil Kamath is the Co-founder of Zerodha and established the firm along with his brother Nithin Kamath. A Nikhil Kamath is a school dropout and struggled in his initial years. He secured a job at the age of 17 at a call center. After gaining experience in the stock market and trading, he started Zerodha.
Zerodha aims to solve all the problems and issues faced by traders and investors. It is a one-stop for all investment-related grievances. As of 2022, the current Net worth of Nikhil Kamath alone is INR 11,100 Cr, which, makes him one of the top 10 youngest self-made millionaires in India.
3. Divyank Turakhia
Net Worth: INR 12,500 Cr
Founded: Media.net
Education: Alumni of Narsee Monjee College of commerce and economics
At the early age of 8, Divyank Turakhia started his coding journey and with his keen interest in the same, he was able to master every other domain of Computer programming. He holds a degree in the field of commerce and economics from Narsee Monjee College in Mumbai. He founded media.net and later sold it to a consortium of Chinese investors for $ 900 million in August 2016. But he continues to run operations under the new owners.
According to the analysis conducted by IIFA (India Infoline Finance Limited) Wealth, he is the second richest self-made entrepreneur under the age of 40, and as of 2022, his net worth is estimated to be INR 12,500 Cr, which makes him one of the youngest self-made millionaires in India.
4. Ankit Bhati
Net Worth: INR 2,500 Cr
Founded: Ola Cabs
Education: IIT Mumbai
Ola Cabs is one of India’s favorite and used ridesharing platforms for cab drivers. Ankit Bhati co-founded the company in the year 2010 with his companion Bhavish Agarwal. He is also the former Chief technology officer of Ola cabs, after which he launched his new Software as a Service startup called Amnic.
Amnic is an operating platform for engineering teams that provide instant provision and operates micro-services runtime with continuous delivery; hosted in your cloud.
The total net worth of Ankit Bhati as of 2022 has increased from INR 1,400 Cr to INR 2,500 Cr. Hence, Ankit Bhati is one of our youngest self-made millionaires in India.
5. Bhavish Agarwal
Net Worth: INR 7500 Cr
Founded: OLA Cabs
Education: IIT Mumbai
Bhavish Agarwal, along with Ankit Bhati founded Ola Cabs in the year 2010. Ola Cabs was a turning point for many Indians to experience comfortable and easily approachable rental transport at an affordable price. Currently, Bhavish Agarwal is the Chief Executive Officer of Ola Cabs and is working on many other future projects.
His current net worth is around INR 7500 crores and he is one of the richest entrepreneurs in India at the age of 37(as of 2022).
6. Vijay Shekar Sharma
Net Worth: INR 18,900 Cr
Founded: Paytm
Education: Alumni of Delhi College of Engineering
Vijay Shekhar Sharma is the founder of the financial technology firm, Paytm. He has accomplished many things at a very young age. He sold his website by the name indiansite.net, created as a college-level project for $ 1 million.
After his graduation, he founded One97 Communications, a company that provided people with exam results, cricket scores, ringtones, and jokes. In the year 2010, the company became the parent organization of Paytm. Forbes ranked Vijay as the 62nd richest person in India in 2020. He has a net worth of INR 18,900 Cr.
7. Binny Bansal
Net Worth: INR 8,848 Cr
Founded: Flipkart
Education: Alumni of IIT Delhi
Binny Bansal is an alumnus of IIT Delhi. He co-founded the e-commerce platform Flipkart in 2007 with Sachin Bansal. During his early career, Binny worked at Sarnoff Corporation and later as a software engineer at Amazon. Flipkart subsequently sold to Walmart and today, the evaluation of the company is around $37.8 billion.
He was the former CEO of Flipkart after which Kalyan Krishnamurthy took the position. Currently, Binny Bansal works as a Board advisor at Blackbuck, GreyOrange, Acko; advisor at 021 Capital; Board advisor at Udhyam Learning Foundation, N/Core, and Co-founder and executive chairman of xto 10x technologies. He has a net worth of INR 8,848 Cr as of 2022.
8. Sachin Bansal
Net Worth: INR 8,848 Cr
Founded: Flipkart
Education: Alumni of IIT Delhi
Sachin Bansal is the Co-founder and former Chairman of Flipkart before leaving the company in the year 2018 after Walmart acquired the company. In his initial working days, he was an associate at Techspan, and also worked as a senior software engineer at Amazon.
Currently, he is the founder and chairman of Navi which aims to simplify finance for all. Sachin Bansal’s net worth as of 2022 is INR 8,848 Cr which makes him one of the youngest self-made billionaires in India.
9. Ritesh Agarwal
Net Worth: INR 4,672 Cr
Founded: OYO rooms
Education: College Dropout
In our list of the top 10 youngest self-made millionaires in India, Ritesh Agarwal is the youngest entrepreneur listed. A a very young age of about 20 years, Ritesh started OYO rooms in May 2013. At an early stage, OYO rooms was just a small lodging portal at an estimated low budget. In the year 2012, venture nursery added it to the accelerator program. It won $ 100,000 in the year 2013 in the Thiel Fellowship program and in the same year, Ritesh launched the OYO rooms website as a larger scale pan India project. The company was a huge success and the company stakes tripled when he bought $2 billion worth of shares in the company.
The current net worth of Ritesh Agarwal is INR 4,672 Crores. He is also listed in the Forbes 30 under 30 list for Asia.
10. Deepinder Goyal
Net Worth: INR 2,300 Cr
Founded: Zomato
Education: Alumni of IIT Delhi
Deepinder Goyal started Zomato in the year 2008 by the name foodiebay which was later renamed Zomato in the year 2010. The company gained popularity due to its easy to handle interface and unique approach to food ordering. Zomato delivers food from restaurants to the desired location.
Zomato secured the acquisition of Gastronauci, Cibando, and Poland’s restaurant search assistance in the year 2014. Deepinder Goyal is among the top 10 youngest self-made millionaires in India with a net worth of INR 2,300 Cr.
Throughout this article, we covered the top 10 youngest self-made millionaires in India. Indian entrepreneurs are the most significant reason to provide a boost to the Indian Economy. Every year, many of these entrepreneurs emerge across the country, contributing to the nation’s economic well-being. Here we have just mentioned a few of them, but many other talents seek to gain maximum profit through their work and establish their name in the industry.
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