DMart tops Hurun India List as most valuable self-made company post-2000; Zomato, Swiggy feature prominently 

DMart, a supermarket chain founded by Radhakishan Damani has emerged as the most valuable Indian company founded by a self-made entrepreneur post-2000, with a valuation of Rs 3.42 lakh crore, according to the latest Hurun India report released on Wednesday. The parent company, Avenue Supermarts, saw a rise by 44 per cent in its valuation over the past year, solidifying its top spot in the rankings.

Zomato, the food delivery giant founded by Deepinder Goyal, followed closely behind with a 190 per cent surge in valuation, reaching Rs 2.51 lakh crore, securing second place in the rankings. Swiggy, its primary competitor, founded by Sriharsha Majety and Nandan Reddy, claimed the third spot with a valuation of Rs 1.01 lakh crore, marking a 52 per cent increase.

DMart has held the top position for two consecutive years, with Flipkart and Zomato rounding out the top spots last year. However, Flipkart, Paytm, Max Healthcare, and Cre companies that were once part of the top-10 have now dropped off the list.

Also Read “Corporate India in a sweet spot, to scale up capex” India’s automobile industry set to become global leader in 5 Years: Nitin Gadkari Over 16 lakh direct jobs created by DPIIT-recognised startups: Piyush Goyal India should aim for one startup per 1,000 people like Israel: Piyush Goyal

Also ReadSembcorp Green Infra secures 150 mw solar project with 300 mwh battery storage from SECI

Notably, new entries to the top-10 include Makemytrip, founded by Deep Kalra and Rajesh Magow, with a valuation of Rs 99,300 crore, and PolicyBazaar, founded by Yashish Dahiya and Alok Bansal, ranked sixth. Other companies like Dream 11, founded by Bhavit Sheth and Harsh Jain, and Razorpay, founded by Harshil Mathur and Shashank Kumar, saw drops in their rankings this year.

The report also revealed that the direct tax outgo for the top 200 self-made entrepreneurs who established their businesses post 2000 decreased by 10 per cent, amounting to Rs 4,570 crore in the last year.

In terms of geographical concentration, Bengaluru remains the preferred hub for entrepreneurs, with 66 of the top-200 companies headquartered there, followed by Mumbai with 36. IIT Delhi is also credited with contributing the largest number of founders to the list.

Also ReadBlinkit’s Bistro joins the race for 10-minute food delivery – Will it edge past competition?  » Read More

Related Articles

Top benefits of a savings account you might not know about

A savings account is a financial product that individuals need to have while starting their financial journey. It is a secure place to store funds and provides a modest interest rate. The account facilitates easy deposits and withdrawals, ensuring that access to your money is straightforward. Maintaining a savings account enables you to retrieve funds

Upcoming IPOs this week: Unimech Aerospace – a key mainboard and 2 SME IPOs to launch this week

The primary market will see a total of three IPOs in the last week of December. There will be 1 IPO that will open for bidding on the mainboard and the SME platform will see 2 SME IPO openings. Here’s the list of upcoming IPOs this week:  Mainboard IPO Unimech Aerospace and Manufacturing IPO Unimech

Gold, silver rate today on December 23 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices in other cities

Gold prices have fallen more than 0.7% compared to a week back while Silver prices fell 2.7% during the same time frame. The decrease in prices can be attributed to the lack of new geopolitical tensions globally.  “The 10-year US yields surged to a fresh cycle high of 4.58%, which boosted the Fed-induced US Dollar

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Top benefits of a savings account you might not know about

A savings account is a financial product that individuals need to have while starting their financial journey. It is a secure place to store funds and provides a modest interest rate. The account facilitates easy deposits and withdrawals, ensuring that access to your money is straightforward. Maintaining a savings account enables you to retrieve funds

Upcoming IPOs this week: Unimech Aerospace – a key mainboard and 2 SME IPOs to launch this week

The primary market will see a total of three IPOs in the last week of December. There will be 1 IPO that will open for bidding on the mainboard and the SME platform will see 2 SME IPO openings. Here’s the list of upcoming IPOs this week:  Mainboard IPO Unimech Aerospace and Manufacturing IPO Unimech

Gold, silver rate today on December 23 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices in other cities

Gold prices have fallen more than 0.7% compared to a week back while Silver prices fell 2.7% during the same time frame. The decrease in prices can be attributed to the lack of new geopolitical tensions globally.  “The 10-year US yields surged to a fresh cycle high of 4.58%, which boosted the Fed-induced US Dollar

Reliance Industries Share Price Today Live Updates, 23 Dec, 2024: Reliance Industries on the radar

Go to Live UpdatesReliance Industries Share Price Today Live Updates, 23 Dec, 2024: The Reliance Industries share is in news and the counter closed trade on 20 Dec, 2024 at Rs 1206. The shares touched intraday high of Rs 1239.75 in the last trading session while the intraday low was at Rs 1202.1. The company’s

Mumbai’s asset-light model draws realty heavyweights

Boman Irani, managing director of Rustomjee, calls it an “asset-light model” for Mumbai’s real estate developers that offers a huge respite from an ever-increasing expenditure for land purchases. Irani should know as Rustomjee, which trades as Keystone Realtors, is the largest operator in redevelopment space. “Redevelopment will continue to serve as a key driver of