September 26, 2024, Mumbai: Hurun India has launched the first edition of the 2024 Hurun India Under35s, featuring 150 dynamic entrepreneurs under the age of 35 who are revolutionizing the Indian business landscape. This list highlights the youth power driving innovation and entrepreneurship, covering a range of industries from Financial Services to Media & Entertainment.
The Spirit of Indian Entrepreneurship
Anas Rahman Junaid, MD and Chief Researcher at Hurun India, emphasized:
“Our research highlights the vibrant entrepreneurial energy within India’s Under-35 population, particularly as the country’s economic landscape grows. These young leaders have built significant enterprises, many overcoming inflationary pressures, geopolitical uncertainties, and market challenges.”
Key Highlights:
- The average enterprise value for entrepreneurs under 30 is around US$10 million.
- More experienced Under-35s showcase businesses valued at US$50 million.
- Some companies have reached valuations up to a hundred times that.
With India’s booming economy, these entrepreneurs are positioned to transition into the senior business elite in the coming years.
Geographical Distribution: Where Are They From?
The 2024 Hurun India Under35s list covers entrepreneurs from 41 cities. However, two cities dominate the list: Bengaluru and Mumbai, contributing 37% of the total names. New Delhi takes third place with 21 representatives.
Top Cities Represented
| Rank | City | Number of Entrepreneurs | Name | Company |
|---|---|---|---|---|
| 1 | Bengaluru | 29 | Rishi Raj Rathore | Arzooo |
| 2 | Mumbai | 26 | Rahul Raj | Flobiz |
| 3 | New Delhi | 21 | Ankush Sachdeva | Sharechat |
| 4 | Hyderabad | 9 | Keshav Reddy | Aragen Life Sciences |
| 5 | Ahmedabad | 6 | Parita Parekh | Toddle |
| 5 | Kolkata | 6 | Neetish Sarda | Smartworks |
| 7 | Pune | 5 | Jay Vijay Shirke | BG Shirke Construction Technology |
| 8 | Chennai | 3 | Vasant Sridhar | OfBusiness |
| 8 | Agra | 3 | Hemesh Singh | Unacademy |
| 8 | Dubai | 3 | Rishabh Desai | Apar Industries |
| 8 | Ghaziabad | 3 | Siddharth Sikka | Battery Smart |
| 8 | Gurugram | 3 | Rohan Nayak | Pocket FM |
On a state-wise level, Maharashtra leads with 33 entrepreneurs, followed by Karnataka with 30, and Delhi with 21.
Top States by Number of Entrepreneurs
| Rank | State | Number of Entrepreneurs |
|---|---|---|
| 1 | Maharashtra | 33 |
| 2 | Karnataka | 30 |
| 3 | Delhi | 21 |
| 4 | Uttar Pradesh | 12 |
| 5 | Telangana | 9 |
| 6 | Gujarat | 7 |
| 7 | Rajasthan | 6 |
| 7 | West Bengal | 6 |
| 9 | Tamil Nadu | 4 |
| 10 | Haryana | 3 |
Industry Analysis: Where Innovation Happens
In the 2024 Hurun India Under35s List, the Financial Services sector leads with 21 companies, followed closely by Software & Services with 14 entries. Education & Training and Media & Entertainment secures third place, featuring 12 companies each.
Service providers dominate the list, accounting for 59% while manufacturing companies comprise 41%.
Top Industries Represented (Ranked by Number of Entrepreneurs)
| Rank | Main Industry | No. of companies | Name | Company |
|---|---|---|---|---|
| 1 | Financial Services | 21 | Rahul Raj | Flobiz |
| 2 | Software & Service | 14 | Ankit Tomar | Bizongo |
| 3 | Education & Training | 12 | Hemesh Singh | Unacademy |
| 3 | Media & Entertainment | 12 | Ankush Sachdeva | Sharechat |
| 5 | E-Commerce | 10 | Chaitanya Rathi | Bijnis |
| 6 | Textiles, Apparels & Accessories | 9 | Anurag Saboo | DaMENSCH |
| 6 | Transportation & Logistics | 9 | Vaibhav Khandelwal | Shadowfax |
| 8 | Electric Vehicle | 8 | Arun Vinayak | Exponent Energy |
| 8 | AgriTech | 8 | Alekh Sanghera | Farmart |
| 10 | Real Estate | 7 | Neetish Sarda | Smartworks |
Generational Distribution for Hurun India Under35s 2024
- 1st Generation Entrepreneurs: 82% (123 individuals)
- 2nd Generation Entrepreneurs: 3% (4 individuals)
- 3rd Generation Entrepreneurs: 11% (17 individuals)
- 4th Generation Entrepreneurs: 4% (6 individuals)
Generational Breakdown: First-Generation Powerhouses
A staggering 82% of entrepreneurs in the 2024 Hurun India Under35s are first-generation business founders, signaling a strong entrepreneurial mindset among India’s youth. The 2024 Hurun India Under35s list showcases generational distribution, with 123 of the 150 entrants being first-generation entrepreneurs. Ankush Sachdeva of Sharechat stands out as the youngest among them.
| Generation | No. of Entrepreneurs | Youngest Entrant | Company | Age |
|---|---|---|---|---|
| 1st Gen | 123 | Ankush Sachdeva | Sharechat | 31 |
| 2nd Gen | 4 | Manan Shah | Man Infraconstruction | 32 |
| 3rd Gen | 17 | Akshit Jain | Goldmedal Electricals | 31 |
| 4th Gen | 6 | Raghav Gupta | Jackson Infra | 31 |
Zodiac Sign Breakdown: Who Leads by the Stars?
Interestingly, the 2024 Hurun India Under35s also breaks down entrepreneurs by their zodiac signs, most entrants in the 2024 Hurun India Under35s list are Gemini, accounting for 15%. Taurus and Cancer contribute 13% each.
| Rank | Zodiac Sign | Total Contribution (%) |
|---|---|---|
| 1 | Gemini | 15% |
| 2 | Taurus | 13% |
| 2 | Cancer | 13% |
| 4 | Scorpio | 10% |
| 5 | Sagittarius | 9% |
| 6 | Aquarius | 7% |
| 6 | Libra | 7% |
| 6 | Virgo | 7% |
| 9 | Leo | 6% |
| 9 | Pisces | 6% |
| 11 | Capricorn | 5% |
| 12 | Aries | 3% |
Social Media Influence: Power in Numbers
Social media plays a key role in expanding the reach and impact of many entrepreneurs on the list. The leaders include Roman Saini and Hemesh Singh of Unacademy, boasting over 1 million followers. Vidit Aatrey of Meesho and Sudarshan Venu of TVS Motor follow closely behind.
Top 10 Social Media Influencers:
| Rank | Name | Company | Followers (In Thousands) |
|---|---|---|---|
| 1 | Roman Saini, Hemesh Singh | Unacademy | 1,095 |
| 2 | Vidit Aatrey | Meesho | 934 |
| 3 | Sudarshan Venu | TVS Motor Company | 883 |
| 4 | Shom Hinduja | Ashok Leyland | 880 |
| 5 | Harshil Mathur, Shashank Kumar | Razorpay | 823 |
| 6 | Alakh Pandey | Physics Wallah | 637 |
| 7 | Saurabh Jain | Livspace | 500 |
| 8 | Tarun Mehta, Swapnil Jain | Ather Energy | 492 |
| 9 | Raghav Chandra | Urban Company | 436 |
| 10 | Ghazal Alagh | Mamaearth | 417 |
The Road Ahead for India’s Young Entrepreneurs
The 2024 Hurun India Under35s celebrates the entrepreneurial journey of India’s young visionaries who are shaping the country’s economic future. These entrepreneurs, from varied industries and backgrounds, represent the new face of Indian business. With their groundbreaking ventures and a growing influence on social media, they are set to redefine the boundaries of success in the coming years.
The 2024 Hurun India Under35s list not only highlights the entrepreneurial prowess of India’s youth but also reflects the diverse business environment across industries and regions. As India’s economy continues to grow, these young innovators are paving the way for future generations of entrepreneurs.
India’s economy is poised for growth, and these under-35 innovators are its driving force. Keep an eye on them—many are expected to transition to the senior lists of influential entrepreneurs as their ventures skyrocket to new heights.
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📧 Email: sharma.maayank@yahoo.com
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