DMart’s Damani, Zomato’s Goyal top list of self-made entrepreneurs

Avenue Supermarkets Ltd. promoter Radhakishan Damani, Zomato founder Deepinder Goyal and Swiggy’s Sriharsha Majety and Nandan Reddy have secured the top three positions respectively in the second edition of IDFC First Private Banking and Hurun India’s ‘India’s Top 200 Self-made Entrepreneurs of the Millennia 2024’ which was released on Wednesday. In the face of emerging challenges from quick-commerce, Mr. Damani grew his company’s valuation by 44% to ₹3.4 lakh crore while Zomato and Swiggy saw their valuation growing up by 190% and 52% respectively to ₹2.52 lakh crore and ₹1.01 lakh crore. “The total value of the companies found by self-made entrepreneurs worth $431 billion is equivalent to a quarter of the value of India’s 200 Most Valuable Family Businesses, despite being founded in the last 24 years compared to the latter’s average existence of 69 years,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India. Vikas Sharma, Head-Wealth Management & Private Banking, IDFC First Bank said, “The report highlights the extraordinary journeys of visionary entrepreneurs who are transforming India’s economic landscape and these business leaders embody innovation and the relentless pursuit for excellence.”