• Radhakishan Damani, founder of Avenue Supermarts (DMart), who topped the list in 2023 and 2024 has slipped to the 2nd position with a valuation of around Rs. 2,97,800 crores.
• Rahul Bhatia and Rakesh Gangwal of InterGlobe Aviation (IndiGo) secured third place, with their company valued at Rs.2,19,300 crores.

About India Self-Made Entrepreneurs of the Millennia 2025:
Overview: The IDFC First Private & Hurun India Self-Made Entrepreneurs of the Millennia 2025 is an annual ranking that lists the 200 most valuable companies in India founded by self-made entrepreneurs since 2000.
Ranking Methodology: The rankings are based on the market capitalization for listed companies and valuation of non-listed companies.

• The cut-off date for valuation was 25 September 2025

Threshold: The threshold entry for a company featured on the list is Rs.4,500 crores, 1.5 times the threshold of Rs.3,000 crores in 2024.
Highlights of the Report:
Other Top 10 Entrepreneurs: Abhay Soi of Max Healthcare Institute secured 4th place with a valuation of Rs.1.11 lakh crores, while Sriharsha Majety and Nandan Reddy of Swiggy ranked 5th with a valuation of  Rs.1.06 lakh crores.

• Deepak Kalra & Rajesh Magow, Co-Founders of MakeMyTrip, with a valuation of Rs.94,500 crores (6th rank), Yashish Dahiya and Alok Bansal, founders of PolicyBazaar, (Rs.80,300 crores) (7th rank), Vijay Shekhar Sharma, founder of Paytm, (Rs.72,900 crores) (8th rank), marking a 67% growth from 2024.
• Falguni Nayar and Adwaita Nayar Nykaa, founders of Nykaa, (Rs.67,500 crores) (9th rank) and Peyush Bansal, Amit Chaudhary, Neha Bansal & Sumeet Kapahi, Co-founders of Lenskart, (Rs.67,000 crores), up by 60% (10th rank).

Women Entrepreneurs: The list features 20 women entrepreneurs with a combined company valuation of Rs.3.3 trillion, led by Falguni Nayar and Adwaita Nayar of Nykaa (Rs.67,500 crore), followed by Neha Bansal of Lenskart (Rs.67,000 crore) and Ruchi Kalra of OfBusiness (Rs.44,400 crore).
Young Entrepreneurs: The youngest founders overall are Kaivalya Vohra (22) and Aadit Palicha (23) of Zepto, valued at Rs.52,400 crore, while Adwaita Nayar (34) is the youngest woman entrepreneur.