IIFL Wealth and Hurun India today released the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020, a ranking of the self-made entrepreneurs with a wealth of INR 1,000 Cr, aged forty years and under from India. Wealth calculations are a snapshot of 31 August 2020. This list follows on from the IIFL Wealth Hurun India Rich List 2020released on 29 September 2020.
“The IIFL Wealth Hurun India 40 & Under Self-Made Rich List represents the hottest rising stars in business from India, and all of them have achieved the remarkable milestone of entering the IIFL Wealth Hurun India Rich List before the age of 40”,said Anas Rahman Junaid, MD and Chief Researcher, Hurun India
“Some of them have fully or partly exited their core businesses and are setting up investment funds and backing other young entrepreneurs. This will have a compounding effect on the growth of disruptive entrepreneurship in India”, continued Anas Rahman Junaid, MD and Chief Researcher, Hurun India.
Shaji Kumar, Senior Managing Partner, IIFL Wealth Management commented, “The IIFL Wealth Hurun India Rich List has captured the wealth creation taking place across the country. It is very encouraging to note that the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020 has 17 Indian-Origin Entrepreneurs, aged under 40, who have together added wealth close to INR 45,000 crore. All these young leaders are self-made and majority of them are disruptors in the digital space. We see many such young leaders scaling their businesses with the right mix of technology and innovation.”
Self-made under 40
The list includes the details of all the entrepreneurs featured in the IIFL Wealth Hurun India Rich List 2020, who are at or below the age of 40. 11 of the 12 startups covered in the list are, or have been unicorns, defined as startups with a valuation of more than USD 1 Bn.