From Nikhil Kamath To RK Damani: List of India¡¯s Richest Self-Made Entrepreneurs Of 2023

The list of India¡¯s richest self-made entrepreneurs for 2023 has finally arrived. IDFC FIRST Bank and Hurun India have together released a list of the top self-made entrepreneurs in India.

Retail giant DMart¡¯s 68-year-old billionaire founder RK Damani has topped the list, whereas Zomato CEO Deepinder Goyal, Paytm¡¯s Vijay Shekhar Sharma, and Zerodha¡¯s Nijhil Kamath are among the top 10 featured in the richest self-made entrepreneur list.

List Of India's Richest Self-Made Entrepreneurs 2023

1.Radhakishan Damani- Avenue Supermarts

Times Now

Market Cap : Rs 2,38,188 Crore

Avenue Supermarts, popularly known as D-Mart, is a leading Indian retail chain that was founded by Radhakishan Damani. Damani, who is a successful investor and entrepreneur, has a background in finance and stock trading. Avenue Supermarts operates a chain of hypermarkets offering a wide range of products at competitive prices. The company's success can be attributed to its focus on efficient operations, low-cost business model, and strong customer value proposition. D-Mart went public in 2017 and has continued to expand its footprint, catering to the growing consumer demand in India.

2.Binny Bansal, Sachin Bansal- Flipkart

pti

Equity Value: Rs 119,472 Crore

Flipkart, an e-commerce giant in India, was founded by Sachin Bansal and Binny Bansal in 2007. Both Sachin and Binny are alumni of the Indian Institute of Technology (IIT) Delhi. Flipkart started as an online bookstore and rapidly expanded to become one of India's largest e-commerce platforms, offering a wide range of products in India. In 2018, Walmart acquired a majority stake in Flipkart, marking one of the largest e-commerce deals globally. Flipkart continues to innovate and adapt to changing consumer needs, driving the growth of the Indian e-commerce industry.

3.Deepinder Goyal- Zomato

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Market Cap: Rs 86,835 Crore

Zomato, founded by Deepinder Goyal and Pankaj Chaddah, is a leading Indian restaurant aggregator and food delivery company. Goyal, an IIT Delhi graduate in mathematics and computing, previously worked as a management consultant at Bain & Company. Chaddah, also an IIT Delhi graduate, joined Deepinder after their stint as analysts at Bain & Company. In 2018, Chaddah left the role at Zomato. Initially called FoodieBay, the company rebranded as Zomato to avoid conflicts with eBay. An interesting highlight is Zomato's acquisition of UberEats' Indian business, which further strengthened its position and dominance in the competitive food delivery industry.

Also Read: Rakesh Jhunjhunwala's Stock Prediction For Zomato Comes True

4.Bhavit Sheth, Harsh Jain- Dream11

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Equity Value : Rs 66,542 Crore

Dream11, an Indian fantasy sports platform, was founded by Harsh Jain and Bhavit Sheth. Jain, an MBA graduate from Columbia Business School, and Sheth, an alumnus of the University of Pennsylvania, combined their passion for sports and technology to create Dream11. The platform allows users to create virtual teams and compete in various sports leagues to win cash prizes. Dream11 gained immense popularity, becoming the official partner of the Indian Premier League (IPL). In 2020, Dream11 became their title sponsor, showcasing its influence in the realm of fantasy sports.

4.Sriharsha Majety, Nandan Reddy- Swiggy

business insider

Equity Value : Rs 66,542 Crore

Swiggy, a popular food delivery platform in India, was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. Majety, an IIT Kharagpur graduate, brings his engineering expertise to the company. Reddy, an alumnus of BITS Pilani, contributed his management skills, and Jaimini, another IIT Kharagpur graduate, added his technical knowledge until his departure. Swiggy started as a small startup in Bengaluru, providing on-demand food delivery services. The company's efficient delivery system and user-friendly app gained widespread popularity. Swiggy has expanded its operations to several cities across India and continues to innovate in the food delivery industry with new features and services.

6.Harshil Mathur, Shashank Kumar- Razorpay

indiatoday

Equity Value : Rs 62,384 Crore

Razorpay, a leading Indian fintech company, was founded by Harshil Mathur and Shashank Kumar. Mathur, an alumnus of the Indian Institute of Technology (IIT) Roorkee, and Kumar, an alumnus of the Birla Institute of Technology and Science (BITS) Pilani, joined forces to create a payment gateway offering seamless online transactions for businesses. Razorpay's innovative solutions and user-friendly interface have attracted numerous clients across industries. The company has raised substantial funding from prominent investors and continues to expand its services, providing cutting-edge payment solutions in India and abroad.

7.Abhay Soi- Max Healthcare Institute

forbes

Market Cap : Rs 55,085 Crore

Abhay Soi, a prominent figure in the healthcare industry and the promoter of Radiant Lifecare, played a pivotal role in the successful merger of Radiant Lifecare with Max Healthcare. Soi's visionary leadership and dedication to exceptional healthcare propelled Max Healthcare Institute's growth and success. With a profound grasp of the healthcare industry, Soi has implemented innovative strategies and technologies to enhance patient care and outcomes. Max Healthcare Institute has gained a strong reputation for its world-class facilities, skilled medical professionals, and patient-centric approach. Under his guidance, the organisation continues to expand its services, making a significant impact in the healthcare sector.

8.Vijay Shekhar Sharma- Paytm

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Market Cap : Rs 54,328 Crore

Established in 2009, Paytm, an Indian fintech company, has become a household name for digital payments and financial services. Founded by Vijay Shekhar Sharma, Paytm started as a mobile wallet and evolved into a comprehensive digital payments platform. The company's name, "Paytm," aptly represents its core mission of enabling payments through mobile devices. Sharma's entrepreneurial journey began early when he launched a website development company while still in college. He holds a bachelor's degree in electronics and communications engineering from Delhi Technological University (formerly known as Delhi College of Engineering) in Delhi, India.

Also Read: Rs 100 Paytm Transaction Helps Police Solve Rs 4 Crore Heist

9.Kunal Shah-CRED

mansworldindia

Equity Value : Rs 53,234 Crore

CRED, a popular Indian credit card payment platform, was founded by Kunal Shah. Shah, an entrepreneur with a background in computer science, previously founded FreeCharge, a successful digital payments company. CRED aims at rewarding credit card users by offering them exclusive benefits and perks for paying their bills. The platform's unique approach and user-friendly interface have garnered a larger base. CRED has secured significant investments and partnerships with renowned brands. Its success demonstrates the power of innovative solutions in the fintech industry and evolving landscape of digital payments in India.

10.Nithin Kamath, Nikhil Kamath-Zerodha

forbes

Equity Value : Rs 50,630 Crore

Zerodha, a leading Indian discount brokerage firm, was founded in 2010 by Nithin Kamath and Nikhil Kamath. Nithin has a vision to democratise investing and trading in the stock market. Nithin Kamath, with a strong background in trading and finance, brings his expertise to the company. He holds a bachelor's degree in engineering from NITK Surathkal. Nikhil, the younger brother, dropped out of school when he was only 16, after Class 10. His entrepreneurial spirit gained hands-on experience and pursued business opportunities outside of formal education.

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