The list is dominated by companies from the financial services sector, with 46 such entities, followed by the retail sector with 30, and the healthcare services sector with 26. The inclusion of twenty women entrepreneurs, led by Falguni Nayar of Nykaa, is noteworthy.
Bengaluru, known as India’s Silicon Valley, has etched a new history in the business world. According to a report by Hurun India, the city hosts the largest concentration of the most valuable companies started by first-generation entrepreneurs in this century. Bengaluru is home to the headquarters of 129 such industrialists, surpassing Mumbai (78) and Gurugram-New Delhi (49) by a significant margin. Radhakishan Damani of Avenue Supermarts leads this list, operating the D-Mart retail chain. This company ranks at the forefront of the list of the top 200 entrepreneurs of the first generation in the millennium.
These companies have made a global impact.
Established in the year 2000, the market capitalization of their conglomerate was INR 2.38 lakh crore by September. Flipkart, founded by Binny Bansal and Sachin Bansal from Bengaluru, secured the second position with an equity value of INR 1.19 lakh crore. Zomato, headquartered in Gurugram and founded by Deepinder Goyal, claimed the third position with a market capitalization of INR 86,835 crore. The list includes both listed and unlisted entities.
Financial sector dominates the list.
Anas Rahman Junaid, the founder and managing director of Hurun India, mentioned that the analysis focused on both maximum and minimum valuations while evaluating the companies. The list is predominantly comprised of companies from the financial services sector (46), followed by the retail sector (30) and the healthcare services sector (26). Notably, the list features twenty female entrepreneurs, with Falguni Nayar of Nykaa leading the way. Happest Minds’ Ashok Soota, aged 80, is the most senior member on the list, while Kavalya Vohra of Jigsaw is the youngest at 21 years old.
