1 / 10India experienced a record-breaking IPO year in 2024, raising ₹1.66 lakh crore, nearly three times the amount raised in the previous year.
2 / 10Seven Indian entrepreneurs entered the dollar billionaire league, many of them from the renewable energy sector.
3 / 10Waaree Energies: Waaree Energies has a market valuation of $10.6 billion. Hitesh C Doshi and his family, who helm this renewable energy company, have seen their net worth soar to $7.1 billion. This makes them the wealthiest among this new group of billionaires.
4 / 10Premier Energies: Another success story from the renewable energy sector, Premier Energies, boasts a market value of $7.3 billion. Its founder, Chiranjiv Singh Saluja, along with his family, has accumulated a net worth of $4.7 billion.
5 / 10Ola Electric Mobility: Bhavish Aggarwal, the visionary behind Ola Electric, has emerged as a billionaire with a net worth of $2.8 billion. The company’s market value stands at $5 billion.
6 / 10Emcure Pharmaceuticals: In the healthcare sector, Emcure Pharmaceuticals has reached a market valuation of $3.1 billion. Its founder, Satish R Mehta, now holds a net worth of $2.3 billion, showcasing the strong potential of India’s pharmaceutical industry.
7 / 10Acme Solar Holdings: Acme Solar Holdings has a market value of $1.9 billion. Manoj Kumar Upadhyay and his family now possess a fortune of $1.6 billion.
8 / 10Jyoti CNC Automation: Parakramsinh Jadeja, the driving force behind Jyoti CNC Automation, has also joined the billionaire club. The company, valued at $3.5 billion, has elevated his net worth to $1.6 billion.
9 / 10Allied Blenders & Distillers: Kishore Chhabria and his family have carved out a niche in the liquor industry with Allied Blenders & Distillers. With a market value of $1.3 billion, their net worth now stands at $1 billion.
10 / 10Around 85 companies are expected to list in 2025, targeting ₹1.53 lakh crore, with financial services, electronics, power generation, and software firms dominating.
