21 and 22 year-old boys top 2024 Hurun India Rich List of youngest entrepreneurs. Net worth: ₹ 3,600 cr and ₹ 4,300 cr respectively

News Network
August 29, 2024

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21-year-old Kaivalya Vohra and 22-year-old Aadit Palicha of quick-commerce startup Zepto with net worth of Rs 3,600 crore and Rs 4,300 crore respectively have topped the 2024 Hurun India Rich List showcasing the youngest entrepreneurs in the country. 

The list, released on Thursday, had SG Finserve’s Rohan Gupta & Family, 25, on the third spot with a wealth of Rs 1,300 crore followed by 26-year-old Shasvat Nakrani of BharatPe (Rs 1,300 crore). 

OYO’s Ritesh Agarwal, 30, with a net worth of Rs 1,900 core; Alakh Pandey, 32, of Physics Wallah with Rs 4,500 crore in wealth were also on the list. Razorpay’s Harshil Mathur and Shashank Kumar, both 33, were the richest in the ‘Hurun India Rich List – Youngest’ with each having a net worth of Rs 8,700 crore. 

“These individuals are driving change across various industries, reflecting the growing impact of India’s youth in business,” the report said. 

52 entrepreneurs on this year’s list were founders of 29 unicorns and two founders of gazelles, defined as most likely to ‘go unicorn’ within two years. Moreover, the cumulative wealth of Indian unicorn and gazelle listers on the rich list increased by 5 per cent to Rs 2.85 lakh crore. 

Meanwhile, this year’s list reported India’s billionaire count hitting 334, topped by Gautam Adani and family with 95 per cent growth in wealth to Rs 11.6 lakh crore followed by Rs 10.14 lakh crore net worth of Mukesh Ambani and family, Rs 3.14 lakh crore of Shiv Nadar and family, Rs 2.89 lakh crore of Cyrus S Poonawalla and family, and Rs 2.49 lakh crore of Sun Pharmaceutical Industries’ Dilip Sanghvi. 

“India is emerging as Asia’s wealth creation engine! While China saw a 25% decline in its number of billionaires, India experienced a 29% increase, reaching a record 334 billionaires,” said Anas Rahman Junaid, Founder and Chief Researcher, Hurun India. 

The list found 1,539 individuals across 134 cities with a net worth of Rs 1,000 crore. The cumulative wealth of individuals, according to the list, jumped by 46 per cent. Moreover, 1,334 individuals saw their wealth increase or stay the same, of which 272 are new entrants, while 205 recorded a drop in their wealth. 

The report said India minted a new billionaire every five days last year.

Sector-wise, industrial products had 142 individuals from the list while pharmaceuticals had 136 individuals. Chemicals, software, and real estate were other top sectors with 127, 105, and 91 rich individuals from this year’s list. 

“The pivot in the Indian economy from a services-led to a manufacturing-led model is reflected in the 2024 Hurun India Rich List. Industrial products sector entrepreneurs on the list have seen a remarkable 47% CAGR in their cumulative wealth over the past five years—the highest among all sectors,” said Junaid. 

This shift, he said, is fueled by several key factors, including the central government’s significant increase in capital expenditure on infrastructure development, which has risen to $133.3 billion for FY2024-25, marking an 11.1 per cent jump from the previous year.  

“Additionally, India attracted substantial foreign direct investment (FDI), with total inflows reaching US$17.96 billion in FY2023-24.” 

Mumbai with 386 individuals followed by New Delhi with 217 individuals were home to rich listers this year. Bengaluru (100), Chennai (82), Kolkata (69) were other top cities.

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News Network
July 1,2025

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Bengaluru, July 1: Putting an end to days of speculation, the Congress high command on Monday ruled out any immediate leadership change in Karnataka, reaffirming Siddaramaiah's position as Chief Minister. Senior Congress leader and Rajya Sabha MP Randeep Singh Surjewala, who was dispatched to Bengaluru to calm the storm within the ruling party, made the announcement with Deputy Chief Minister DK Shivakumar seated beside him.

"There is no plan to replace the Chief Minister," Surjewala told reporters, in what appeared to be a show of unity. However, the optics did little to mask the growing friction within the party.

Sources in the Congress leadership stressed that the high command is focused on governance, not leadership changes. They admitted, however, that discussions are underway on a possible cabinet reshuffle and key changes in the state unit. Siddaramaiah is reportedly in favour of a cabinet rejig to consolidate his position for the remainder of the government’s term, which ends in 2028. Shivakumar, on the other hand, is said to be resisting the move.

Fueling the internal churn, Shivakumar loyalist and MLA Iqbal Hussain claimed that 100 out of 138 Congress MLAs support the Deputy CM. In a sharp warning, he said that without a change in leadership, the Congress may struggle to retain power in the 2028 assembly polls.

Amid the buzz, Siddaramaiah downplayed the crisis, asserting that the Congress government in Karnataka is "as solid as a rock." Speaking in Mysuru with Shivakumar at his side, he said, “This government will be as strong as a ‘bande’ (rock) for five years.” The term ‘bande’ is often used by Siddaramaiah’s supporters to describe his strongman image.

When asked about his rapport with Shivakumar, the Chief Minister held his deputy’s hand and said, “We are on good terms,” adding that they are unfazed by attempts to drive a wedge between them.

The current turbulence harks back to the 2023 Karnataka election, when Congress stormed to power. Shivakumar, widely credited for the victory, was a strong contender for the CM post. Eventually, he accepted the Deputy CM and KPCC chief roles, amid unconfirmed reports of a rotational CM deal between him and Siddaramaiah.

Now, with murmurs of discontent growing louder in the DKS camp, the party finds itself once again trying to balance power — and egos — within.

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News Network
July 8,2025

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Mangaluru, July 8: In a significant employment push for the region, the Employment Linked Incentive (ELI) Scheme, introduced by the central government through the Employees' Provident Fund Organisation (EPFO), is expected to generate 20,000 to 25,000 new jobs in Dakshina Kannada district.

Announcing this at a press meet on Monday, Rajib Mukherjee, Regional Commissioner of EPFO Mangaluru, said the initiative targets 2,500 to 3,000 establishments in the district, with a major focus on boosting employment and social security, particularly in the manufacturing sector.

"The ELI scheme is designed not only to support first-time job seekers but also to incentivize employers for generating sustainable employment," Mukherjee said.

Key Highlights of the Scheme:

•    For first-time employees, the government will provide EPF wage support of up to ₹15,000, disbursed in two installments.

•    Employers who create new jobs will receive incentives of up to ₹3,000 per new hire per month for a duration of two years.

•    In the manufacturing sector, these incentives will continue for an additional two years (years three and four), encouraging long-term hiring.

Wider Goals and Eligibility:

The ELI scheme is part of the Prime Minister’s five-scheme package announced in the 2024–25 Union Budget, which aims to generate 3.5 crore jobs across India over two years.

•    The benefits will apply to jobs created between August 1, 2025, and July 31, 2027.

•    Employees with a monthly salary of up to ₹1 lakh are eligible.

•    Employers hiring within this salary range are eligible for government subsidies, provided the job is retained for at least six months.

Awareness and Outreach:

EPFO is conducting awareness camps across Dakshina Kannada to inform businesses and job seekers about the scheme’s benefits and application process.

Officials U Panduranga Kini, Nagendra Babu Gutti, Benny Lobo, and Anita R were also present at the briefing.

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News Network
July 7,2025

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Bengaluru, July 8: A college student was kidnapped and brutally assaulted by a group of eight to ten attackers for allegedly sending obscene messages to his ex-girlfriend in Bengaluru. 

According to police, the incident took place on June 30 in Soladevanahalli, a locality in the Nelamangala taluk near Bengaluru.

The incident was captured on camera by one of the accused - who were allegedly inspired by the actor Darshan murder case in which a man was kidnapped and killed for sending obscene messages to Pavithra Gowda.

The footage shows the attackers beating Kushal, stripping him, and hitting him on his private parts.

Officials said that Kushal was in a relationship with a college student for two years, but they broke up a few months ago. The girl later got into a relationship with another man. Angered by this, Kushal sent some obscene messages to the girl. In retaliation, the girl, her boyfriend, and his friends allegedly planned the attack, following which they called him at a location on the pretext of solving the issue.

However, the accused instead kidnapped him in a car, took him to a deserted spot near a lake, and assaulted him.

During the assault, one of the attackers referred to the Renukaswamy murder case, threatening the victim with similar consequences. They were also laughing while invoking the "inspired" murder case.
In the video, the accused were heard saying that he (victim) is Renukaswamy and they are accused number one, two and three.

The Soladevanahalli police registered a case and arrested all eight accused involved in the assault.

"We have arrested all the eight accused on charges of robbery and kidnapping," a police said.

Renukaswamy murder case

Renukaswamy's body, bearing multiple injuries, was discovered near a drain in Bengaluru's Sumanahalli. Investigations revealed that Renukaswamy, a resident of Chitradurga, had allegedly sent obscene messages to Pavithra Gowda. He was allegedly kidnapped, tortured, and killed.

Initially, four individuals surrendered to the police claiming responsibility, citing a financial dispute. However, inconsistencies in their statements revealed a conspiracy involving Darshan, Pavithra Gowda, and 15 others.

Actor Darshan was arrested on June 11 for his alleged involvement in the kidnapping and killing of 33-year-old Renukaswamy on June 8.

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