The top 10 youngest billionaires in India are highlighted in Forbes' real-time billionaire list for November 2023.
Top 10 Youngest Billionaires Of India: As global market conditions change, a new generation of billionaires is rising. The top 10 youngest billionaires in India are highlighted in Forbes’ real-time billionaire list for November 2023 along with their age, net worth, and various sources of money.
Take a look at these trailblazers who are changing the business landscape in India.
The sole female on the list, co-founder of Zoho Corporation Radha Vembu, is fifty years old and ranks tenth with a $2.1 billion net worth. A multinational technology company called Zoho Corporation offers cloud-based software solutions all around the world. Radha Vembu, who was born in Chennai, India, into an academic family, decided to pursue a career in engineering and graduated from PSG College of Technology with a bachelor’s degree in Electrical and Electronics Engineering.
Along with her brothers Kumar and Sridhar, Radha was a founding member of Zoho Corporation (previously AdventNet Inc.) in 1996. The company’s mission was to use cloud-based software solutions to empower organisations.
At the age of fifty, Manipal Group chairman Ranjan Pai, with a net worth of $2.8 billion, holds the ninth position. The firm has grown significantly under his direction; in 2023, Temasek acquired a 59% share in Manipal Hospitals, valuing the chain at $4.6 billion.
Beyond India, Ranjan Pai’s influence is felt worldwide. His Manipal Global Education Services expands educational possibilities globally by running campuses in Nepal, Malaysia, Antigua, and Dubai. Manipal Cigna Health Insurance is another asset in his healthcare portfolio.
He has committed $300 million to companies through his family office, Claypond Capital, showcasing his support for innovation and entrepreneurship. Numerous accomplishments in healthcare, education, and investment confirm his position as a key player in Indian business.
With a net worth of $2.9 billion at the age of 48, Indian immigrant and hedge fund manager Karthik Sarma takes the eighth position. He is the founder of SRS Investment Management, which owns 43% of Avis Budget Group and oversees assets valued at approximately $10 billion. The fund’s 35% return in 2021, which was a result of Avis Budget Group’s expansion, is a sign of Sarma’s strategic aptitude.
At 46 years old, entrepreneur Ravi Modi, who founded the well-known ethnic clothing company Manyavar, comes in seventh place with a $3.3 billion net worth. With 662 stores in India and 16 outside locations, Modi has a sizable retail network. In 2023, he divested 10% of his stock in the corporation in an effort to raise public ownership.
Top World Billionaires in 2023: How many billionaires are in the world 2023?
At 46 years old, Shamsheer Vayalil, the founder and chairman of Burjeel Holdings, is a healthcare magnate with a $3.6 billion net worth. Under his direction, Burjeel Holdings listed 16 hospitals and 24 medical facilities when it went public in October 2022. The company’s visibility was further enhanced by the deliberate usage of Bollywood celebrity Shah Rukh Khan as a brand ambassador.
The fifth place goes to 45-year-old Paytm founder Vijay Shekhar Sharma, whose $1 billion net worth puts him ahead of the competition. Sharma, who is well-known for transforming the fintech industry in India, attracted a $300 million investment from Warren Buffett’s Berkshire Hathaway in August 2018. On July 8, 1978, he was born in Aligarh, Uttar Pradesh.
The co-founder of Zerodha and brother of Nikhil Kamath, Nithin Kamath, comes in at number four with a $2.7 billion net worth at the age of 44. With 10 million customers, Zerodha has grown to become one of the biggest brokerage houses in India.
With a $1.3 billion net worth at age 42, Sachin Bansal, the other half of the Flipkart pair, shares the spotlight. With a meagre $6,000 initial investment, the Bansal pair launched their business and created Flipkart, an online marketplace. Following Walmart’s acquisition, Sachin Bansal profited handsomely, selling his minority interest for $1 billion. His financial products company Navi Technologies is about to go public.
Co-founder of Flipkart Binny Bansal, who is 40 years old, came in second with a $1.4 billion net worth. Once an online bookshop, Flipkart has grown into a full-fledged e-commerce platform, earning it a valuation of more than $10 billion. Binny Bansal became a billionaire when Walmart paid $16 billion to acquire a significant 77% interest in 2018. With his recent departure from Flipkart, when he sold Walmart his remaining 1.8% ownership, the company was valued at an incredible $35 billion.
The 37-year-old co-founder of Zerodha, Nikhil Kamath, is ranked first on the list. In 2010, he and his brother Nithin Kamath launched this cheap brokerage business located in Bangalore. With Zerodha’s worth skyrocketing above $1 billion in 2021, Nikhil Kamath became the youngest self-made billionaire in India’s exclusive club. His achievement, along with projects like Rainmatter and True Beacon, is evidence of Zerodha’s rapid expansion.
India’s economic might, global success, and entrepreneurial spirit are epitomized by these ten people.
Veterans with at least 90 days but fewer than six months of active duty after…
The VA’s Chapter 35 Survivors’ and Dependents’ Educational Assistance program offers up to $1,536 monthly.…
Medicaid eligibility in New York depends on household income and family size. In 2025, updated…
Changing your address with the Social Security Administration is important to keep receiving payments and…
In 2025, Medicare Part B premiums will vary by income levels. Higher-income beneficiaries will pay…
The government has ended tariff rebate checks, redirecting billions in collected revenue. Instead of direct…