The Hurun Rich List 2025 has once again spotlighted India’s vibrant startup and business environment. This year, Deepinder Goyal, founder and CEO of Eternal (previously known as Zomato), has emerged as India’s leading self-made entrepreneur, surpassing veteran businessman Radhakishan Damani of D-Mart.
In the 2025 edition, Deepinder Goyal secured the top position after Eternal’s valuation soared by 27% over the last year, reaching ₹3.2 lakh crore. This remarkable growth enabled him to eclipse Radhakishan Damani, whose company Avenue Supermarts (DMart) experienced a 13% valuation decline, settling at around ₹3 lakh crore, placing him second on the list. Goyal’s ascent emphasizes the increasing influence of digital platforms, food delivery services, and consumer internet businesses in India’s wealth landscape.
The founders of InterGlobe Aviation (IndiGo), Rahul Bhatia and Rakesh Gangwal, made a significant impact by debuting in the top three, with their company valued at ₹2.2 lakh crore. Their inclusion highlights the revival of the aviation sector and the significance of efficient low-cost carriers in India’s travel market. Meanwhile, several prominent startup founders from companies like Razorpay, Zerodha, and Dream11 fell out of the top ten this year, reflecting fierce competition and fluctuating valuations within the startup ecosystem.
At the 10th position, Peyush Bansal, the founder of Lenskart, made a remarkable entry. Established in 2008, Lenskart went public in 2025 with a valuation of ₹70,236 crore, marking a 60% increase year-on-year. This surge signifies strong investor confidence in India’s consumer technology and eyewear market.
According to Hurun India, gaining entry into the top 200 has become increasingly challenging. The minimum threshold has escalated 1.5 times, rising from approximately ₹3,000 crore to nearly ₹4,500 crore, indicating rapid wealth creation. The total valuation of the 200 companies on the list climbed by 15% to ₹42 lakh crore (USD 469 billion). Collectively, these companies employ around 8 lakh individuals, underscoring the crucial role of startups in job creation and economic development.
The Hurun India Top 200 Self-Made Entrepreneurs of the Millennia focuses on founders of companies established post-2000. Presented by IDFC First Bank, this list highlights the value generated by young, fast-growing Indian businesses rather than inherited wealth. Over the years, the Hurun Rich List has become an essential benchmark for measuring entrepreneurial success, industry shifts, and valuation trends within India’s evolving economy.
Q1. Who is the top self-made entrepreneur in India according to the Hurun Rich List 2025?
Answer: Deepinder Goyal, founder and CEO of Eternal, is recognized as the top self-made entrepreneur in the Hurun Rich List 2025.
Q2. What was Eternal's valuation increase in the last year?
Answer: Eternal's valuation increased by 27%, reaching ₹3.2 lakh crore in the 2025 Hurun Rich List.
Q3. How did the minimum threshold for the top 200 entrepreneurs change?
Answer: The minimum threshold for entering the top 200 increased from about ₹3,000 crore to nearly ₹4,500 crore, showing greater competition.
Q4. Which company did Peyush Bansal found?
Answer: Peyush Bansal is the founder of Lenskart, which went public in 2025 with a valuation of ₹70,236 crore.
Q5. What is the focus of the Hurun India Rich List?
Answer: The Hurun India Rich List focuses on self-made entrepreneurs of companies established after 2000, emphasizing fast-growing enterprises.
Question 1: Who is recognized as India’s top self-made entrepreneur in 2025?
A) Radhakishan Damani
B) Deepinder Goyal
C) Peyush Bansal
D) Rahul Bhatia
Correct Answer: B
Question 2: What was the valuation of Eternal in 2025?
A) ₹2 lakh crore
B) ₹3 lakh crore
C) ₹3.2 lakh crore
D) ₹4 lakh crore
Correct Answer: C
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