Valuation of businesses run by under-35s rises 23% to Rs 48 lakh crore: Hurun report

The combined valuation of businesses run by people under 35 rose 23% to Rs 48 lakh crore, while the number of young business leaders on the Avendus Wealth-Hurun India U35 List 2026 increased 16% to 180 from 155 a year ago, a report released on Friday said.

The list includes first-generation founders whose businesses are valued at $50 million or more and young leaders running family-owned businesses valued at $100 million or more.

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Anas Rahman Junaid, founder and chief researcher of Hurun India, said 37 companies on the list are valued at more than $1 billion and that these businesses together employ over 5.88 lakh people.

He added that the first-generation entrepreneurs make up 71% of the 180 business leaders on the list.

The number of founders working in artificial intelligence (AI) and machine learning has risen fourfold to 12. The list also includes founders in the space, defence and manufacturing sectors.

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The average age of the founders on the list is 33. Anmol Bhansali of Goldiam International, aged 31, is the youngest leader on the list.

The list includes 23 women. Romita Mazumdar of Foxtale is the youngest woman on it.

Among colleges and universities, IIT Delhi has the highest number of alumni on the list at 11, followed by IIT Kharagpur with 10. IIT Madras and the University of Delhi have seven alumni each, the report said.