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From Nikhil Kamath to Deepinder Goyal — meet the youngest self-made billionaires in India

From Nikhil Kamath to Deepinder Goyal — meet the youngest self-made billionaires in India
BI India/BCCL
  • About 17 Indian entrepreneurs, aged under 40, have been featured in the Hurun’s 40 & under self-made rich list 2020.
  • Together, they hold a fortune of ₹45,000 crore.
  • Nithin Kamath and Nikhil Kamathare the wealthiest self-made billionaires in India under 40.
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About 17 Indian entrepreneurs, aged under 40, have been featured in the Hurun’s 40 & under self-made rich list. Together, they hold a fortune of ₹45,000 crore. Interestingly, nine of the 17 billionaires have their business headquartered in Bengaluru.

Nithin Kamath and Nikhil Kamath, who runs financial company Zerodha, are the richest self-made billionaires in India under 40. India’s youngest billionaire list also includes Ritesh Agarwal, Deepinder Goyal, Sachin Bansal, and Binny Bansal.

IIFL Wealth and Hurun India’s 40 & Under Self-Made Rich List 2020 ranks self-made entrepreneurs with a wealth of ₹1,000 cr, aged 40 years and under, from India.

Nithin Kamath & Nikhil Kamath

Nithin Kamath & Nikhil Kamath
BI India

Wealth: ₹24,000 crore

Company: Zerodha

Nithin and Nikhil Kamath are the wealthiest entrepreneurs under the age of 40 in India with a wealth of ₹24,000 crore. Nithin Kamath, 40, and Nikhil Kamath, 34, co-founded the online trading platform Zerodha, which has grown by leaps and bounds to become India’s largest stockbroker by the number of clients.

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Divyank Turakhia

Divyank Turakhia
Wikipedia

Wealth: ₹14,000 crore

Company: Media.net

With a wealth of ₹14,000 crore, 38-year old Divyank Turakhia ranks second in the list. He became a billionaire in 2016, after his company Media.net was sold for nearly $1 billion in 2010. He is currently on a break, setting up a family office and scouting for the next big opportunity.

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Amod Malviya, Sujeet Kumar and Vaibhav Gupta

Amod Malviya, Sujeet Kumar and Vaibhav Gupta
BCCL

Wealth: ₹13,100 crore

Company: Udaan

Udaan co-founders Amod Malviya, Sujeet Kumar, and Vaibhav Gupta are the third-richest self-made billionaires under 40. They have witnessed a 274% increase in their wealth led by strong investments in Udaan.

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Riju Ravindran

Riju Ravindran
BCCL

Wealth: ₹7,800 crore

Company: Think & Learn

With a wealth of ₹7,800 cr, Riju Ravindran, 39, of online education platform, Byju’s secured the 6th spot in the list. With Byju’s achieving a $10 billion valuation in August 2020, Riju Raveendran registered a 117% increase in wealth compared to last year. Byju’s ranked third in the Hurun India Unicorn Index 2020.

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Binny Bansal and Sachin Bansal

Binny Bansal and Sachin Bansal
BCCL

Wealth: ₹7,500 crore

Company: Flipkart

Flipkart founders Binny Bansal, 37, and Sachin Bansal, 39, hold a whopping ₹7,500 crore. Since their exit from Flipkart, Binny Bansal has been investing in several start-ups as an angel investor and Sachin Bansal has co-founded and is the CEO of Navi, a neo-bank start-up headquartered in Bengaluru.

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Ritesh Agarwal

Ritesh Agarwal
BCCL

Wealth: ₹4,500 crore

Company: Oravel Stays

The COVID-19 pandemic has taken a toll on the hospitality business, globally and it has temporarily affected Oyo’s growth story, thereby declining the wealth of Ritesh Agarwal, 26, by 40% or ₹3,000 cr. With a wealth of ₹4,500 crore, Agarwal is the youngest billionaire in the rich list.

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Bhavish Aggarwal

Bhavish Aggarwal
BCCL

Wealth: ₹3,500 crore

Company: ANI Technologies

Bhavish Aggarwal, one of the co-founders of ride-hailing company Ola Cabs, has seen a 13% increase in his wealth this year. In July 2020, Ola incentivised Aggarwal and Ankit Bhati by issuing equity shares at a nominal price of ₹10 per share – resulting in a 13% increase in their wealth compared to last year.

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Deepak Garg

Deepak Garg
BCCL

Wealth: ₹3,200 crore

Company: Rivigo

Deepak Garg, 39, co-founder and CEO of the logistics company, Rivigo, has a wealth of ₹3,200 crore. In September 2019, KB Global invested ₹35 crore in Rivigo at a valuation of ₹7,593 cr, and the Rivigo entered the Hurun India Unicorn Index 2020.

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Herman Narula

Herman Narula
Herman Narula/Twitter

Wealth: ₹2,900 crore

Company: Improbable Worlds

32-year old Herman Narula, the co-founder and CEO of Improbable Works, has a net worth of ₹2,900 crores, with his wealth rising by 45% increase in the last year. In 2012, Narula co-founded the company with Rob Whitehead and Peter Lipka.

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​ Deepinder Goyal

​ Deepinder Goyal
BCCL

Wealth: ₹2,200 crore

Company: Zomato Media

Deepinder Goyal, the co-founder of the online food delivery platform Zomato, is worth ₹2,200 crore. On the back of the most recent valuation of Zomato, his wealth increased by 16% compared to that of last year. In January 2020, Zomato acquired Uber Eats India in an all-stock transaction. The deal gave Uber 9.99% ownership in Zomato.

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