India is home to the second-largest population in the world and has experienced significant economic growth in recent decades. In the 21st century, we have seen many entrepreneurs emerging throughout India with a strong desire to create a better future for the people. As a result, India has become the third-largest country in terms of real Gross Domestic Product (GDP), following only the United States and China. This achievement can be largely attributed to the hard work and success of Indian entrepreneurs. In fact, there are over 58.5 million entrepreneurs in India, with around 13% of them being women.
The entrepreneurial spirit in India is thriving, with millions of individuals actively participating in shaping the nation’s future. The inclusion of women in this endeavor is particularly encouraging, as it reflects the importance of gender equality and empowerment.
It is the collective efforts of these inspiring individuals that continue to drive India forward, paving the way for a prosperous and inclusive tomorrow. Let us see some of the top youngest self-made Billionaires in India in 2023
Youngest Self Made Billionaires In India
Nithin Kamath
| Net Worth | $1.5 Billion |
| Founded | Zerodha |
| Education | Graduation in Engineering |
Nithin Kamath, a Chartered Accountant (CA), embarked on a mission to address the challenges faced by investors and traders in India, including high costs, limited technology, and inadequate support. In pursuit of this vision, he played a pivotal role in establishing Zerodha, an online discount brokerage firm that aimed to provide a seamless and hassle-free experience. Serving as both the Founder and CEO of Zerodha, Nithin Kamath has gained recognition for his active presence on social media, where he shares educational and informative content with the community.
Since its inception in 2010, Zerodha has carved a unique niche as India’s first discount brokerage firm. Its commitment to providing affordable services and cutting-edge technology has resonated with investors and traders across the country. As of 2021, Zerodha boasts a remarkable client base of over 5 million active users, a testament to its success and popularity.
Divyank Turakhia
| Net Worth | $1.76 Billion |
| Founded | Media.net |
| Education | Graduated from Narsee Monjee College of Commerce and Economics |
Divyank Turakhia, a tech-savvy individual, displayed his passion for coding at a remarkably young age of 8 and gradually mastered various aspects of computer programming. Born on January 29, 1982, he pursued his schooling at Arya Vidya Mandir in Bandra. Divyank holds a degree in Commerce and Economics from Narsee Monjee College in Mumbai.
One of his notable entrepreneurial ventures was the establishment of media.net, which he later sold to a Chinese consortium for a staggering $900 million. This strategic move demonstrated Divyank’s acumen in creating and scaling successful ventures.
Ankit Bhati
| Net Worth | $615 Million |
| Founded | Ola |
| Education | IIT Bombay |
Ankit Bhati, the Co-founder and former CTO of Ola Cabs, played a crucial role in establishing one of India’s leading and widely used ridesharing platforms. Ola Cabs was founded in 2010 and has emerged as a dominant player in the Indian ridesharing market due to the increasing demand for such services.
Recently, Ankit Bhati ventured into a new endeavor by launching a SaaS (Software as a Service) startup called Amnic. This new venture showcases his entrepreneurial spirit and commitment to innovation.
Vijay Shekar Sharma
| Net Worth | $1.3 Billion |
| Founded | Paytm |
| Education | Bachelor of Engineering from Delhi College of Engineering |
Vijay Shekhar Sharma is a remarkable Indian businessman who has achieved great success at a young age. He is the founder and CEO of Paytm, a financial technology firm. Interestingly, he sold a website he created in college, called indiasite.net, for a substantial sum of $1 million.
Following this, Vijay Shekhar Sharma founded One97 Communications, a company that initially provided services like exam results, cricket scores, ringtones, and jokes. Eventually, One97 Communications became the parent organization of Paytm in 2010. In 2017, he was recognized as India’s youngest billionaire by Forbes and was also featured in Time Magazine’s World’s 100 Most Influential People List.
Vijay Shekhar Sharma received a significant boost to his business when Warren Buffet’s Berkshire Hathaway invested $300 million in 2018. As of 2020, Forbes ranked him as the 62nd richest person in India, with an estimated net worth of $2.3 billion. His entrepreneurial journey and achievements continue to inspire others in the industry.
Binny Bansal
| Net Worth | $1.3 Billion |
| Founded | Flipkart |
| Education | IIT Delhi |
Binny Bansal, a prominent figure in the Indian e-commerce industry, is the founder of Flipkart, a renowned e-commerce platform. With the establishment of Flipkart in 2007, Binny Bansal embarked on a journey that would reshape the online shopping landscape in India. Prior to venturing into entrepreneurship, he gained experience at Sarnoff Corporation. Binny Bansal holds a degree in computer engineering from IIT Delhi, which equipped him with the necessary knowledge and skills.
Flipkart initially started as a modest online bookstore but quickly evolved into a comprehensive e-commerce platform. Its growth trajectory has been remarkable. In a significant development, Walmart acquired Flipkart in 2018, highlighting its immense value and potential. Today, Flipkart is valued at approximately $37.8 billion, cementing its position as a key player in the industry.
Binny Bansal’s entrepreneurial journey and his role in building Flipkart have left an indelible mark on the Indian business landscape. His vision and contributions continue to shape the e-commerce ecosystem, inspiring countless others in the process
Ritesh Agarwal
| Net Worth | $1.1 Billion |
| Founded | Oyo Rooms |
| Education | College Dropout |
Ritesh Agarwal, a remarkable 27-year-old entrepreneur, holds the distinction of being one of India’s youngest billionaires in 2021. He is the visionary Founder and CEO of OYO Rooms, a lodging portal that started with a modest focus on budget accommodations.
Ritesh Agarwal’s entrepreneurial journey gained momentum when OYO Rooms became part of Venture Nursery’s accelerator program in 2012. His dedication and innovation earned him recognition, including winning $100,000 in the Thiel Fellowship program in 2013. It was during this time that he officially launched OYO Rooms, which quickly gained traction and success.
Ritesh Agarwal’s achievements have not gone unnoticed. He has been featured in Forbes’ prestigious 30 under 30 list for Asia and has received a nomination for the Business World Young Entrepreneur Award. With an estimated net worth of around $1.1 billion, Ritesh Agarwal’s entrepreneurial prowess and accomplishments continue to inspire the business world.
