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At a valuation of ₹3.2 lakh crore, Deepinder Goyal of Eternal (formerly Zomato Ltd) has topped the database of self-made entrepreneur successful the IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2025. Eternal’s valuation has gone up by 27% from past year’s report.
Radhakishan Damani of Avenue Supermarts (DMart), past year’s No. 1, has slipped to 2nd spot with a valuation of ₹3 lakh crore, down 13% from past year.
Estranged co-founders Rahul Bhatia and Rakesh Gangwal of InterGlobe Aviation (IndiGo airline) person made a almighty debut, entering straight into the Top 3 with a institution valuation of ₹2.2 lakh crore.
Paytm and Lenskart person made a beardown introduction into the Top 10 of the IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2025.
However Razorpay and Zerodha person dropped retired of the Top 10, signalling a shifting entrepreneurial hierarchy arsenic newer consumer-centric ventures summation prominence successful India’s self-made wealthiness instauration story.
The cumulative worth of each companies connected IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs database stands astatine ₹42 lakh crore ($469 billion) successful 2025, up from ₹36 lakh crore ($431 billion) past year, reflecting a 15% growth.
Bengaluru has retained its presumption arsenic India’s apical startup hub, with 52 companies, though down by 14 from past year. Mumbai follows with 41 companies (+5), and Gurugram with 36 companies (+5), reflecting a dynamic displacement successful entrepreneurial enactment crossed large cities, arsenic per the report.
Bengaluru continues to pb arsenic the apical metropolis for laminitis residences with 88 entrepreneurs, followed by Mumbai with 83 and New Delhi with 52, unneurotic accounting for a important stock of India’s apical self-made entrepreneurs successful 2025.
The biggest fertile movers successful this year’s database are Vinay Sanghi of CarTrade Tech, who climbed 88 places to scope a valuation of ₹11,700 crore; Ashish Jhina and Karthik Venkateswaran of Jumbotail, up 83 places to ₹ 8,900 crore; and Vineet Sukumar of Vivriti Capital, up 74 places to ₹ 11,500 crore.
Of the 53 caller companies entering the database 29 (55%) are publically listed, portion 24 companies (45%) are emerging from the startup ecosystem.
Collectively, the companies featured successful the database employment astir 8 lakh people—equivalent to the full colonisation of Fiji.
Falguni Nayar and Adwaita Nayar of Nykaa proceed to pb the women entrepreneurs successful the list. A full of 20 women entrepreneurs diagnostic connected the list, with a combined institution worth of ₹ 3.3 lakh crore .The youngest pistillate entrepreneur is Adwaita Nayar, co-founder of Nykaa, property 34.
The youngest founders connected the database are Kaivalya Vohra (22) and Aadit Palicha (23), from Zepto, with a valuation of ₹ 52,400 crore. The mean property of each founders featured successful the list is 48.
Financial services stay the starring manufacture among the self-made entrepreneurs with 47 companies, portion bundle & services amusement the strongest growth, adding 5 companies to a full of 28.
The companies with the highest gross successful the database are InterGlobe Aviation astatine ₹ 84,098 crore, Avenue Supermarkets ₹ 59,482 crore and Eternal astatine ₹21,320 crore demonstrating their beardown marketplace beingness and concern scale.
The companies generating the highest profits are InterGlobe Aviation with ₹ 7,258 crore, Avenue Supermarkets with ₹2,707 crore and Groww with ₹1,824 crore.
Vikas Sharma, Head-Wealth Management & Private Banking, IDFC FIRST Bank said, “India stands gangly arsenic 1 of the world’s starring nations for the prime of its entrepreneurship ecosystem”. The Third Edition of IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2025 marks different twelvemonth of celebrating India’s vibrant startup and entrepreneurial journey.”
“This study honours the bonzer stories of visionary leaders who are reshaping the country’s economical landscape. Through this publication, we spotlight these trailblazers and reaffirm our committedness to nurturing the entrepreneurial tone that continues to powerfulness India’s maturation story,” helium added.
Anas Rahman Junaid, Founder and Chief Researcher, Hurun India said, “Five companies founded post-2020 are present collectively valued astatine ₹78,000 crore. These entrepreneurs are driving maturation and contributing to nation-building, with worker benefits expanding from ₹54,000 crore to ₹57,200 crore this year, reflecting their concern successful people”.
