Our India stands as the second-largest population in the world with a rapidly thriving economy over the past few decades. Before India's Independence, agriculture played a vital role in developing the economy.
Following the 21st century, we have witnessed numerous entrepreneurs arising in every corner of India with a motive to bring a prosperous future for Indians.
Conscientiously, 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 the sole reason for the success of the Indian Economy, which stated that over 58.5 million entrepreneurs are there in India, of which nearly 13% are women.
Without any background or experience, some self-made business people took the determination to create a miracle in burgeoning the economy and ultimately becoming the richest entrepreneur at a very young age.
Here are the top 7 youngest self-made richest entrepreneurs in India:
Nithin Kamath & Nikhil Kamath
Net Worth - Rs 24,000 Crores
Founded - Zerodha
Education - Nithin Kamath - Graduation in engineering, Nikhil Kamath - Dropout
With an aim of breaking all barriers which are faced by investors & traders in India regarding cost, technology and support. Two brothers from Shivamogga, Karnataka- Nithin Kamath and Nikhil Kamath joined together in building a hassle-free online discount brokerage firm- Zerodha.
Ultimately, the company became India's first discount brokerage firm. According to the IIFL Wealth stats, they both became the richest self-made billionaires in India at age 40 with a net worth of Rs. 24,000 Crores.
Net Worth - Rs 12,500 crores
Founded - Media.net
Education - Graduated from Narsee Monjee College of Commerce and Economics
Divyank Turakhia being tech-savvy, began his career in coding at the age of 8 and mastered every aspect of computer programming. He was born on 29th January 1982 and did his schooling at Arya Vidya Mandir in Bandra and 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 Chinese consortium for $900 million.
According to IIFA Wealth, He is the second richest self-made entrepreneur under 40, and his net worth is estimated to be 12,500 crores.
Ankit Bhati & Bhavish Agarwal
Net Worth - Ankit Bhati - Rs 2400 crore, Bhavish Aggarwal - Rs 3500 Crores
Founded - Ola
Education - IIT Bombay
In recent times, Ola resulted in a turning point in the development of the Indian economy, where people encountered comfortable rental transport at an affordable rate. The origin of Ola comes from two IIT Bombay Graduates. Ankit Bhati and Bhavish Aggarwal commenced their idea of innovating technology-based cab services in India and becoming one of the richest entrepreneurs with the net worth of close to Rs 3000 Crores.
Vijay Shekar Sharma
Net Worth - $2.3 billion
Founded - Paytm
Education - Bachelor of Engineering from Delhi College of Engineering
Vijay Shekhar Sharma is one of those Indian billionaire businessmen who achieved many things at such a young age. He is none other than the founder and chief executive officer of the economic technology firm, Paytm. He sold the website that he created while in college, named indiasite.net for $1 million.
He then started One97 Communications where they provided people with exam results, cricket scores, ringtones and jokes. In 2010 it became the parent organization of Paytm. In 2017, Forbes ranked him as India's youngest billionaire and in the same year, he was headlined in Time Magazine's World's 100 Most Influential People 2017 List.
Berkshire Hathaway's Warren Buffet subsidized $300 million in the business in 2018. And again in 2020, Forbes featured him as the 62nd richest person in India and his net worth is $2.3 billion.
Binny Bansal & Sachin Bansal
Net Worth - Binny Bansal - $1.3 billion, Sachin Bansal - $1 billion
Founded - Flipkart
Education - Graduated from IIT Delhi
Sachin Bansal and Binny Bansal are the founders of the e-commerce platform named Flipkart. They founded Flipkart in 2007 and now they are the two most influential people in the Indian e-commerce industry.
At first, Binny Bansal worked at Sarnoff Corporation and Sachin Bansal was working at Techspan. Then they both worked at Amazon for around 9 months. They completed their schooling together at OP Jindal Modern School, Hisar, and went to Delhi to complete their higher studies at IIT Delhi.
Flipkart was launched in 2007, at first it was more like a small book store, as it gained popularity among people, the categories added. In 2020 Walmart acquired Flipkart. Myntra, WeRead, Chakpak.com and Mime360 are the subsidiaries of Flipkart. Today the valuation of Flipkart is around $37.6 billion.
Net Worth - $1.1 billion
Founded - Oyo Rooms
Education - College Dropout
This 27-year-old Ritesh Agarwal is one the youngest billionaire in 2021 in India. He is the Founder and CEO of OYO Rooms. He commenced OYO Rooms as a small lodging portal under budget.
In 2012, it was added to the accelerator program by Venture Nursery. In 2013, it won $100,000 in the Thiel Fellowship program and in 2013, he launched OYO Rooms. The company was a success and the stakes tripled when Agarwal purchased $2 billion worth shares in the company.
He is named in the Forbes 30 under 30 list for Asia and also is nominated for the Business World Young Entrepreneur Award. As per reports, Ritesh Agarwal's net worth is around $1.1 billion.
Net Worth - Rs 2,200 crore
Founded - Zomato
Education - Graduated from Indian Institute of Technology, Delhi
Deepinder Goyal is the founder of Zomato, which delivers food from restaurants to every corner of the city. Foodiebay was the name of the firm when they initially started, that is in 2008 and later in 2010, they renamed the company Zomato when the company gained popularity among the people.
It also acquired Cibando, Gastronauci, Poland’s restaurant search assistance in 2014, and Seattle founded Urbanspoon, it turned out to be their massive gain. As per the report, Deepinder Goyal's current net worth is around Rs 2,200 crore.
Our entrepreneurs are the sole reason for the success of the Indian Economy. Many fresh talents are rising from the corners of the country and are giving a hand in creating a prosperous. As of 2021, there are many such successful entrepreneurs, here we have just mentioned a few.
Who is the youngest self-made billionaire of India?
Nikhil Kamath, the co-founder of Zerodha is India's youngest billionaire at the age of 34.
Who is the youngest billionaire entrepreneur?
Austin Russell founder of Luminar Technologies is the world's youngest self-made billionaire.
Who is India's youngest millionaire entrepreneur?
Sunil Butolia is India's youngest millionaire at the age of 18.
Must have tools for startups - Recommended by StartupTalky
Subscribe to StartupTalky
Get the latest insights delivered to you right in your inbox