Youngest Indian Billionaires 2024: There are 209 billionaires in India. This is an increase of 50 from the previous year. And, while we’re all familiar with the Ambanis and Adanis, here’s a list of some of India’s newest billionaires.
1. Nikhil Kamath
With his brother Nitin Kamath, the 34-year-old co-founded Zerodha, India’s largest stock brokerage firm by amount. His net worth is $1.9 billion (14,000 crores), according to the Hurun Global Rich List 2021.
True Beacon, an asset management firm, was also co-founded by the duo.
2. Byju Raveendran
Byju Raveendran is an Indian entrepreneur, investor, and educator who, with his wife Divya Gokulnath, co-founded Byju’s, an ed-tech company that offers online learning programs for students from kindergarten to 12th grade. Byju’s is one of the most valuable tech companies in the world, with a valuation of over $16 billion.
byju Raveendran
Raveendran was born in 1980 in Azhikode, Kerala, India. He is an engineering graduate from the National Institute of Technology Calicut. After graduating, he worked for a shipping company for a few years before starting his coaching classes. In 2011, he founded Byju’s, which initially offered video-based learning programs for CAT (Common Admission Test), a competitive exam for admission to management schools in India.
byju raveendran divya gokulnath
Byju Raveendran and Divya Gokulnath are the co-founders of Byju’s, an edtech company that offers online learning programs for students from kindergarten to 12th grade. Byju’s is one of the most valuable tech companies in the world, with a valuation of over $16 billion.
In 2011, he and his partner, Divya Gokulnath, co-founded the online ed-tech company Byju. He is one of India’s top five tech billionaires, with a net worth of around Rs 22,500 crore.
byju raveendran net worth
Byju Raveendran’s net worth is estimated to be around $100 million as of February 2024. This is a significant decrease from his peak net worth of $3.6 billion in July 2022. The decline in Raveendran’s net worth is due to the falling valuation of Byju’s, the tech company he co-founded.
3. Amod Malviya
udaan was co-founded by Amod Malviya. Together with Vaibhav Gupta and Sujeet Kumar, two former top executives of Flipkart, he established udaan in 2016.
Before starting udaan, Amod oversaw Flipkart’s technical department. He most famously developed and expanded the engineering platforms of Flipkart. Amod has prior experience with Itellix Software Solutions, ApnaPaise (formerly Apnaloan), i2 Technologies, and Riya Internet Technologies.
Amod Malviya’s Net worth is Rs 13,000 crore as co-founder of Udaan.
4. Sujeet Kumar [ Sujeet Kumar Udaan]
Sujeet Kumar Udaan: The largest business in India for B2B eCommerce, udaan, is co-founded by Sujeet Kumar. In 2016, he co-founded udaan with senior executives from Flipkart and former Sujeet colleagues Vaibhav Gupta and Amod Malviya.
Sujeet created the operations and supply-chain network for Flipkart while serving as President of Operations before starting udaan. He was the driving force behind the creation and development of Flipkart’s logistics and supply chain division, Ekart, which is currently the biggest logistics and supply chain business in India and the foundation of e-commerce distribution.
Sujeet Kumar’s net worth – Rs. 13,000 crore.
5. Vaibhav Gupta
He is also one of Udaan’s three co-founders and has a net value of 13,000 crore.
6. Binny Bansal
The co-founder of Flipkart has a net value of ₹8,100 crores. In November 2018, he resigned and co-founded a start-up consulting firm.
7. Sachin Bansal
In 2018, when it was purchased by Walmart, former Flipkart co-founder, Sachin also came out from Flipkart. Its net value is 8,890 crore.
8. Vijay Shekhar Sharma
Vijay Shekhar Sharma is an inspiration to entrepreneurs and innovators around the world. He has shown that it is possible to use technology to make a positive impact on society. Vijay Shekhar Sharma Founded Paytm, one of the most valuable digital payments companies in India.
Paytm Vijay Shekhar Sharma
Paytm was once one of the most valuable startups in India, with a valuation of over $20 billion. However, the company’s valuation has fallen sharply in recent months due to several factors, including the global economic slowdown, the ongoing war in Ukraine, and the rising cost of living. As a result of the decline in Paytm’s valuation, Sharma’s stake in the company has also decreased in value. This has led to a significant decline in his net worth.
Vijay Shekhar Sharma’s Net Worth
Vijay Shekhar Sharma’s net worth is estimated to be around $1.1 billion as of February 2024. This is a significant decrease from his peak net worth of $2.2 billion in November 2021. The decline in Sharma’s net worth is due to the falling valuation of Paytm, the digital payments company he founded.
9. Deepinder Goyal
The net worth of the 38-year-old co-founder of the online food delivery platform Zomato is 2,200 crore.
10. Ritesh Agarwal
Ritesh Agarwal net wealth of Rs 4,500 crore, Ritesh Agarwal is the youngest in the list at 26 while the Average age in the list reported at 37.
How many of these are you familiar with?
