50% Of India's Self-Made Millionaires Are Living In These 3 Cities: Bengaluru Hailed As The Hub Of Self-Made Millionaires!


Rohit Kulkarni

Rohit Kulkarni

Dec 06, 2023


IDFC First Private Banking and Hurun India have unveiled the ‘India’s Top 200 Self-made Entrepreneurs of the Millennia 2023‘ list, showcasing 405 founders representing 200 companies in India’s entrepreneurial sphere. However, the concentration of this talent is notably skewed towards three specific cities.

50% Of India's Self-Made Millionaires Are Living In These 3 Cities: Bengaluru Hailed As The Hub Of Self-Made Millionaires!

City Dominance: Bengaluru, Mumbai, and Gurugram as Central Hubs for India’s Self-Made Entrepreneurs in 2023

Released on November 30, the report reveals that more than half of India’s self-made entrepreneurs are situated in Bengaluru, Mumbai, or Gurugram. IDFC and Hurun emphasized these cities’ dominance, stating, “The list is dominated by Bengaluru, Mumbai, and Gurugram, emphasizing their status as major hubs for entrepreneurship.”

Bengaluru, often hailed as the startup capital of India, stands out with 129 founders on the list. Following closely are Mumbai with 78 founders, and Gurugram and New Delhi with 49 each. These three cities collectively house over 50% of India’s Top 200 Self-made Entrepreneurs of the Millennia 2023.

Diverse Origins, Regional Concentrations: Insights into India’s Top Entrepreneurs and Leading Cities in 2023

In totality, the entrepreneurs featured on the list represent 23 cities across India, encompassing locations like Chennai, Pune, Jaipur, and Ahmedabad. The companies highlighted in the list, drawn from 14 states, are predominantly from Karnataka, Maharashtra, and Haryana. In terms of cities, Bengaluru leads with 69, followed by Mumbai with 41, and Gurugram with 26.

The Mumbai-based Radhakishan Damani, a seasoned investor and founder of the retail chain D-Mart, secures the top position on the list with a market capitalization of Rs 2.38 lakh crore. Following closely are Bengaluru-based Binny Bansal and Sachin Bansal, the co-founders of the e-commerce giant Flipkart.


Rohit Kulkarni
Rohit Kulkarni
  • 721 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online