Our Asian country stands because of the second-largest population in the world with a speedily thriving economy over the past few decades. Before India’s Independence, agriculture had an important role in developing the economy.
Following the twenty-first century, we’ve witnessed various entrepreneurs arising in each corner of Asian countries with a motive to bring a prosperous future for Indians. (Also Read Successful Indian Women Entrepreneurs)
Conscientiously, Asian countries became the third-largest in terms of real Gross Domestic Product (GDP) once the U.S. and China. Owing to this reality, our entrepreneurs are the only real reason for the success of the Indian Economy. It expressed that over fifty-eight million entrepreneurs are there in Asian countries, of which nearly thirteen are ladies.
Who is The Youngest Billionaire in India?
Without any background or expertise, some successful business individuals took the determination to make a miracle in burgeoning the economy and ultimately turning into the richest enterpriser at an awfully young age.
Top Indian Youngest Billionaires
1. Byju Raveendran
Founder and CEO of Byju’s Learning App
Net worth: Rs 13,620 crores ($1.91 billion)
In 2011, a school teacher called Byju Raveendran created an app that took classrooms for students from kindergarten to the 12th grade online. He launched the app in 2015 with his brother and wife. The following year, thanks to a generous investment from the Chan-Zuckerberg Initiative, Byju became the first Asian corporation to receive this grant from Facebook founder Mark Zuckerberg and wife Priscilla Chan’s limited liability company. In 2019, Raveendran made his debut on the Forbes India Rich List by ranking 72nd and was the youngest billionaire on the list. His company is now worth $5.5 billion and Shah Rukh Khan has come on board as the ambassador. The company has also received more investments from Tencent and fellow billionaire Rajan Pai and has now acquired a unicorn status. According to reports, the Byju Learning App is used by about 30 million students in India. And by last year, the company acquired the jersey rights for the Indian Cricket Team.
2. Vijay Shekhar Sharma
Founder and CEO of Paytm
Net Worth: Rs 17,113 crores ($2.4 billion)
India being the country with the second-highest number of startups in the world, Sharma’s story is an inspiration to all aspiring entrepreneurs out there. He is the son of a school teacher from Aligarh and founded Paytm’s parent company One97 Communications in 2000. This company offered content on your phone like news, cricket scores, ringtones, jokes, and exam results. Later, in 2011, he launched Paytm. His start-up was among the biggest beneficiaries when demonetisation hit the country in 2016. In 2018, Warren Buffett’s Berkshire Hathway invested a whopping $300 million in the company. Now, the app has advanced from just doing mobile payments to becoming an e-commerce giant.
3. Shamsheer Vayalil
Founder, Chairman, and Managing Director of VPS Health Group.
Net worth: Rs 9,982 crores ($1.4 billion)
Shamsheer Vayalil was born in Kozhikode, Kerala, and is a radiologist by profession. He earned his medical degree from the Kasturba Medical College in Manipal and then practiced Radiology at the Sheikh Khalifa Medical City in Abu Dhabi, UAE. Married to Shabeena, the eldest daughter of Gulf retailing billionaire M.A. Yusuff Ali, he was initially backed by his father-in-law to open one hospital in Abu Dhabi in 2007. Since then, Vayalil became the Founder, CEO, and MD of VPS Healthcare, which currently has 23 hospitals in four countries with over 125 medical centers under its banner. His company has over 13,000 employees from the Middle East, Europe, and India. Vayalil’s company also owns the Rockland Hospital chain in Delhi and the VPS Lakeshore Hospital in Kochi. Besides VPS, Vayalil also holds a 21% stake in an investment firm called Amanat, of which he is the vice-chairman and managing director. The billionaire has also a member of The Giving Pledge, under which he has promised to donate half of his wealth to philanthropy.
4. Ranjan Pai
Managing Director and CEO of the Manipal Education and Medical Group.
Net worth: Rs 11,409 crores ($1.6 billion)
Ranjan Pai is the grandson of TMA Pai, the man responsible for setting up the University Town of Manipal. He is a doctor by profession and controls the Manipal Group, which is an education and healthcare empire with six colleges and 16 hospitals. He started his career as the MD of the Melaka Manipal College in Malaysia. Under his leadership, MEMG has launched a stem cell therapeutics company called Stempeutics. It develops therapeutics from both embryonic as well as adult stem cells. Besides that, the Manipal Cure and Care (MCC), which is the Group’s foray into retail, is his brainchild. Recently, Pai acquired a 51% stake in Cigna TTK Health Insurance, which has since been renamed Manipal Cigna Health Insurance.
5. Acharya Balkrishna
Co-Founder, CEO, and Managing Director of Patanjali Ayurveda
Net worth: Rs 10,695 crores ($1.5 billion)
Yoga guru Baba Ramdev’s infamous Ayurveda brand is called Patanjali. He is the face of the brand, the brains behind another one of our youngest billionaires, Acharya Balkrishna. In fact, Balkrishna owns 98.6% of the privately held company, which he co-founded with Baba Ramdev. A resident of Haridwar, Balkrishna was born to Nepalese immigrants from Syangja. It all began in 1995 when the two men opened doors to the Divya Yoga Pharmacy in Haridwar. Cut to 2006, the duo partnered once again to launch an FMCG company and called it Patanjali. The initial investment came from NRI followers of Baba Ramdev, Sunita, and Sarwan Poddar. From never having an account in a bank to having his company produce a turnover of Rs 5000 crore (2015-16), Balkrishna has really taken his company to new heights. Patanjali’s products are now available on all major e-commerce platforms. And as of July 2019, the National Company Law Tribunal approved Patanjali’s $630 million takeovers of the edible oil maker, Ruchi Soya.
