IIFL Wealth and Hurun India today released the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2021, a ranking of the self-made entrepreneurs with a wealth of INR 1,000 Cr, aged forty years and under from India. Wealth calculations are a snapshot of 15th September 2021. This list follows on from the IIFL Wealth Hurun India Rich List 2021 released on 30 September 2021.
Yatin Shah, Co-Founder and Joint CEO of IIFL Wealth, which manages an AUM of ~US$38 billion, said, "The IIFL Wealth Hurun India 40 & Under Self-Made Rich List, 2021 endorses a transformation that we at IIFL Wealth have already been observing. The current economic landscape coupled with the power of technology and digital solutions has created an enabling environment for emerging entrepreneurs. While many young entrepreneurs are on their way to becoming unicorns, it is encouraging to see so many others who made successful exits and are now setting up investment funds to support innovative ideas and invest in other emerging entrepreneurs."
Anas Rahman Junaid, Founder and MD, Hurun India said, “IIFL Wealth Hurun India 40 & Under Self-Made Rich List represents the hottest rising stars in business from India, and all of them have achieved the remarkable milestone of entering the IIFL Wealth Hurun India Rich List before the age of 40.”
“Number of Under 40 self-made entrepreneurs in the Rich List rose whopping 9 times in 5 years. I expect this list to quadruple to 200 entrants in the next 5 years.”, continued Anas Rahman Junaid, Founder and MD, Hurun India.