IIFL Wealth and Hurun India on Wednesday released the ‘IIFL Wealth Hurun India 40 and Under Self-Made Rich List 2021’, which lists the Youngest Billionaires in India as self-made entrepreneurs with assets of over Rs 1,000 crore.

Youngest-Billionaires-in-India

Divyank Turakhia is ranked 1st Place in Youngest Billionaires in India ranking By Hurun. Founder of Media.net which is a rival of Google’s Adsense.

IFL Wealth and Hurun India’s 40 & Under Self-Made Rich List 2020 Ranks Self Made Youngest Billionaires in India With Wealth of Over Rs 1,000 Crore From India.

Let us take a look at the list of the Youngest Billionaires in India in 2022 in a simplified way.

Youngest Billionaires In India

1. Divyank Turakhia 

  • Age: 39
  • City of Residence: Dubai
  • Source Of Wealth: Media.net

Divyank Turakhia (born 29 January 1982) is an Indian-born computer programmer, businessman, billionaire, serial entrepreneur and investor. His net worth is estimated at $1.76 billion as of September 2017. He founded Media.net, which he sold to a Chinese consortium in 2016 for $900 million, the third-largest deal ever in the advertising technology sector.

divyank-turakhia

Divyank started programming at the age of eight. He received his early education at the Arya Vidya Mandir in Bandra, Mumbai, and later graduated from Narsee Monjee College of Commerce and Economics (College of Mumbai).

According to Hurun India, he is the 1st Youngest Billionaires In India.

Net Worth: Rs 12,500 Crore

2. Nakul Aggarwal

  • Age: 36
  • City of Residence: Mumbai
  • Source of Wealth: BrowserStack

Nakul Aggarwal and Ritesh Arora are serial entrepreneurs who met while studying computer science at IIT Bombay.

nakul-aggarwal-and-ritesh-arora

Prior to BrowserStack, they co-founded QuarkRank (one of the first AI-powered sentiment engines), QuarkBase (then one of the 8,000 most visited websites in the world), and Downcase (a consulting firm with global clients). When they built the website for Downcase, they were frustrated by their inability to test what they were creating on a range of devices and browsers. To solve this problem, they developed the first version of BrowserStack.

According to Hurun India, he is the 2nd Youngest Billionaires In India.

Net Worth: Rs 12,400 Crore

3. Ritesh Arora 

  • Age: 37
  • City of Residence: Mumbai
  • Source of Wealth: BrowserStack

Ritesh Arora and Nakul Aggarwal are serial entrepreneurs who met while studying computer science at IIT Bombay.

nakul-aggarwal-and-ritesh-arora

Prior to BrowserStack, they co-founded QuarkRank (one of the first AI-powered sentiment engines), QuarkBase (then one of the 8,000 most visited websites in the world), and Downcase (a consulting firm with global clients). When they built the website for Downcase, they were frustrated by their inability to test what they were creating on a range of devices and browsers. To solve this problem, they developed the first version of BrowserStack.

According to Hurun India, he is the 3rd Youngest Billionaires In India.

Net Worth: Rs 12,400 Crore

4. Neha Narkhede & Family

  • Age: 36
  • City of Residence: Palo Alto, USA
  • Source of Wealth: Confluent

Neha Narkhede is an Indian-American technology entrepreneur and the co-founder and former CTO of Confluent, a streaming data technology company. She co-founded the open-source software platform, Apache Kafka. Narkhede is now a board member of Confluent. In 2020, she was listed by Forbes as one of America’s Self-Made Women.

Neha-Narkhede

Narkhede grew up in Pune, Maharashtra and attended Pune Institute of Computer Technology (PICT), University of Pune, where she earned a Bachelor of Science in Engineering. In 2007, she received a master’s degree in technology from Georgia Tech.

According to Hurun India, she is the 4th Youngest Billionaires In India.

Net Worth: Rs 12,200 Crore

5. Nikhil Kamath

  • Age: 35
  • City of Residence: Bengaluru
  • Source of Wealth: Zerodha

Zerodha Broking Limited is an Indian financial services company offering retail brokerage, foreign exchange, commodity trading, mutual funds and bonds. The company was founded in 2010 and is headquartered in Bangalore.

nikhil-and-nithin-kamath

Zerodha was founded in 2010 by Nithin Kamath and Nikhil Kamath. The name Zerodha is a portmanteau of the words Zero and Rodha (Sanskrit word for barrier).

In June 2020, Zerodha achieved a self-assessed valuation of over $1 billion based on the ESOP buyback at more than four times the book value of ₹700 per share.

With an active customer base of 5 million users, Zerodha is the largest retail stockbroker in India, contributing more than 15% of daily retail volumes across all Indian stock exchanges.

According to Hurun India, he is the 5th Youngest Billionaires In India.

Net Worth: Rs 11,100

6. Byju Raveendran

  • Age: 40
  • City of Residence: Bengaluru
  • Source of Wealth: Byju’s

Byju Raveendran is an Indian entrepreneur and educationist who co-founded Byju’s. He was born in 1981 in Azhikode village, Kerala, India, to Raveendran and Shobhanavalli. He attended a Malayalam school where his mother was a mathematics teacher and his father a physics teacher. He skipped classes and then studied at home.

Byju-Raveendran

 

After completing his B.Tech degree from Government College of Engineering, Kannur, he worked as a service engineer for a multinational shipping company. During a vacation in 2003, he helped his friends who were studying for the CAT exam. He then took the CAT exam and scored 100. When he took the exam again, he again scored 100. Two years later, he continued to help people study for the CAT exam and decided to quit his job because of the good results.

In 2007, Byju founded the exam preparation company Byju’s Classes, and the company grew to stadium-sized classes. In 2011, he founded Byju’s with his wife Divya Gokulnath, whom he met when she was in his exam preparation class.

In 2015, when smartphone screens were getting bigger, Byju’s launched an app developed by Byju Raveendran. In October 2018, the app was expanded to the UK,
the US and other English-speaking countries.

According to Forbes, Byju, his wife and brother Riju Raveendran have a combined net worth of $3.05 billion in 2020. In January 2021, he was inducted as an unofficial member of the National Startup Advisory Council along with Kunal Bahl. In April 2021, Byju bought Indian test prep provider Aakash Educational Services Ltd. for nearly US$1 billion.

According to Hurun India, he is the 6th Youngest Billionaires In India.

Net Worth: Rs 8,100 Crore

7. Binny Bansal

  • Age: 38
  • City of Residence: Bengaluru
  • Source of Wealth: Flipkart

Binny Bansal is an Indian billionaire internet entrepreneur. In 2007, he co-founded e-commerce platform Flipkart with Sachin Bansal (no relation) and served as Chief Operating Officer until 11 January 2016, when he was promoted to Chief Executive Officer (CEO).

Binny-Bansal

He was promoted to Group CEO in January 2017 and resigned from Flipkart in November 2018 amid allegations of personal misconduct [6]. Binny hails from Chandigarh and graduated from the Indian Institute of Technology in Delhi with a degree in computer science and engineering. He is currently an anchor investor in venture firm 021 Capital, which focuses on biotechnology, agri-tech and internet investments.

According to Hurun India, he is the 7th Youngest Billionaires In India.

Net Worth: Rs 8,000 Crore

8. Sachin Bansal

  • Age: 40
  • City of Residence: Bengaluru
  • Source of Wealth: Flipkart

Sachin Bansal is an Indian entrepreneur. He is best known as the co-founder of Flipkart, which was acquired by Walmart (77 per cent stake) for $16 billion in 2018. During his 11-plus-year career at Flipkart, Bansal served as CEO and chairman. In 2018, Bansal left Flipkart following its acquisition by Walmart.

sachin-bansal

In 2007, Sachin Bansal and Binny Bansal (no relation) founded Flipkart, which had a valuation of $20.8 billion in 2018. In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart, and his net worth at the time was just over $1 billion. In May 2018, Bansal announced that he would focus on pending personal projects, gaming and brushing up on his programming skills after stepping down as Flipkart’s executive chairman. Sachin Bansal is now the Managing Director of Navi Group, a financial services company.

According to Hurun India, he is the 8th Youngest Billionaires In India.

Net Worth: Rs 7,800 Crore

9. Bhavish Agarwal

  • Age: 36
  • City of Residence: Bengaluru
  • Source of Wealth: Ola

Bhavish Aggarwal is an Indian entrepreneur and co-founder of Ola Cabs. Aggarwal was included in Time magazine’s list of the 100 most influential people of 2018.

Bhavish-Agarwal

Aggarwal was born in Ludhiana, Punjab, and grew up in a Punjabi Hindu family. He graduated with a bachelor’s degree in computer science and engineering from the Indian Institute of Technology in Bombay in 2008. He started his career at Microsoft Research India as a research intern and was later rehired as an Assistant Researcher.

He started his career at Microsoft where he worked for two years, filed two patents and published three articles in international journals. In January 2011, he co-founded Ola Cabs in Bengaluru with Ankit Bhati.

The idea for a taxi company came to Aggarwal when he had a bad experience with a taxi, which prompted him and Ankit Bhati to co-found Ola Cabs in 2010. OlaCabs has grown to become the largest personal transportation network in India and the most popular choice for many consumers across 22 Indian cities.

In May 2020, OlaCabs announced the layoff of about 500 employees to weather the economic impact of COVID -19. The company suffered an overwhelming decline in sales of about 95%.

In a webinar to Bennet University students, Bhavish said the COVID -19 pandemic will accelerate innovation in the technology sector. He claimed that markets could move toward more car rentals and subscription-based car ownership. This is a turning point for our lives, he said, as we become more aware of hygiene and disease awareness.

According to Hurun India, he is the 9th Youngest Billionaires In India.

Net Worth: Rs 7,500 Crore

10. Ritesh Agarwal

  • Age: 27
  • City of Residence: New Delhi
  • Source of Wealth: Oyo

Ritesh Agarwal was born in a Marwari family in Bissam Cuttack, Odisha, India and grew up in Titilagarh. Ritesh came from a family that ran a small store in southern Odisha. He started selling SIM cards at the age of 13. He graduated from St. Johns Senior Secondary School and moved to Delhi for college in 2011. He dropped out of college and was selected for the Thiel Fellowship in 2013.

ritesh-agarwal

Agarwal founded a budget accommodation portal, Oravel Stays, for booking cheap hotels. The company was accepted into Venture Nursery’s Accelerator program in September 2012 and was later one of the winners of the 2013 Thiel Fellowship program, for which he received a $100,000 stipend. The company was founded in May 2013 as OYO Rooms.

By September 2018, the company raised $1 billion. In July 2019, it was reported that Agarwal bought $2 billion worth of shares in the company, tripling his stake.

According to Hurun India, he is the 10th Youngest Billionaires In India.

Net Worth: Rs 6,300 Crore

Key Takeaways by Business Mavericks

  • Divyank Turakhia, the co-founder and CEO of Media.net is the Youngest Billionaire in India.
  • Following Divyank Turakhia is the founder of Browser StackNakul Agarwal.
  • Eight of the top 10 billionaires are in the technology sector, with only Bernard Arnault of LVMH and Warren Buffett of Berkshire Hathaway being the outsiders.

Also, read our new article to know the Top 10 IT Companies in India.

Reference: Hurun India, Wikipedia.

Author

This is Mohanraj✌️❤️ Creator at Business Mavericks and a Big Dreamer & Doer, Wanderlust, Melophile, Trader.

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