Uth Series 2025 Report
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Celebrating the visionaries under 40 shaping the future
The Uth Series has traced the evolution of India’s entrepreneurial leadership, from early conviction to scale and long-term influence. The U40 List marks its culmination, spotlighting founders and business leaders whose decisions today are shaping the future of Indian enterprise.
These are leaders who have moved beyond building momentum to building institutions. Their journeys reflect depth of experience, clarity of vision and a growing sense of responsibility toward the markets and ecosystems they influence.
The Avendus Wealth – Hurun India U40 List recognizes 201 exceptional first- and next-generation leaders under 40 who are deepening their impact across the economy. As the concluding chapter of the Uth Series 2025, it celebrates a generation scaling with purpose and steering growth with sustainability in mind.
Key Statistics
U40 at a glance
Key Voices
Framing the conversation
The U40 List brings together 201 first and next-generation entrepreneurs who sit at the intersection of scale, responsibility and long-term value creation.
Apurva Sahijwani
From late-stage unicorns to listed market leaders, India’s under-40 entrepreneurs embody a rare combination of innovation at scale, financial prudence and global ambition.
Anas Rahman Junaid
Apurva Sahijwani
"The U40 List marks the culmination of the Uth Series 2025, our first branded content collaboration with Hurun India. Over the year, the series has traced the progression of entrepreneurial leadership across age cohorts, responding to a growing demand for data-led perspectives on how wealth, influence and institution-building are evolving in India. The U40 List brings together 201 first and next-generation entrepreneurs who sit at the intersection of scale, responsibility and long-term value creation.
At Avendus Wealth Management, our engagement with founders is shaped by these moments of transition, where ambition meets complexity. In this context, wealth management extends beyond capital stewardship to include helping entrepreneurs navigate growth, manage risk, plan succession and make decisions that endure across cycles. As part of one of India’s leading financial services groups, we approach this partnership with a holistic lens. Much like the U40 cohort itself, diverse in sectors, cities and generational backgrounds, our capabilities span growth capital, structured credit, capital markets access, portfolio advisory and intergenerational planning, enabling us to support founders not only in scaling businesses, but in shaping durable legacies."
Anas Rahman Junaid
"India’s new economic engine is increasingly powered by its young leaders, and the Avendus Wealth – Hurun India U40 List 2025 captures this shift with 201 exceptional achievers who are already reshaping the country’s value creation landscape. Together, they lead enterprises worth USD 357 bn (INR 31 lakh cr) and employ over 4,43,000 people, underscoring the scale of impact being generated by India’s U40 cohort.
A remarkable new generation is redefining what career peaks look like in India, with many in their mid-thirties already building category-leading businesses across SaaS, FinTech, Healthcare, Clean Energy, Logistics and Consumer Brands. The presence of 15 outstanding women – from legacy custodians to self-made founders – reflects how innovation, leadership and sustainable value creation are now being driven from a far more diverse base.
India’s innovation map is expanding faster than ever, and this year’s honourees illustrate how entrepreneurship has moved far beyond traditional boundaries. While Bengaluru and Mumbai remain the strongest hubs, cities like Gurugram, New Delhi, Hyderabad and Ahmedabad are rising sharply, while global centres such as San Francisco, New York and London highlight the increasing international footprint of Indian founders.
First-generation founders are clearly at the heart of India’s startup story, with 83% of this year’s U40 honourees having built their companies from the ground up. Collectively raising nearly USD 22 bn, they are deploying capital with focus and discipline – strengthening products, expanding markets and scaling technology with intent. From late-stage unicorns to listed market leaders, India’s under-40 entrepreneurs embody a rare combination of innovation at scale, financial prudence and global ambition."
Uth Series
U30 and beyond
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About Hurun India
Hurun India was launched in 2012 under the leadership of Anas Rahman Junaid, a graduate of the University of Oxford. Junaid met Rupert Hoogewerf, the founder of Hurun Global, through Oxford, and the duo believed it was the right time to spotlight wealth creation in India, as they saw the country booming. Since then, Hurun India has focused on celebrating the stories of India’s transparent wealth creation, innovation, and philanthropy.
For more information, visit: hurunindia.com
Methodology
The Avendus Wealth – Hurun India U30 List 2025 features 79 exceptional entrepreneurs in India aged 30 or younger. To qualify, first-generation entrepreneurs must have a minimum business valuation of USD 25 million and those from second-generation backgrounds and beyond require a valuation of at least USD 50 million.
This distinction underscores the accomplishments of young leaders shaping the future of India’s business landscape. Employee figures have been sourced through a combination of company annual reports, credible media coverage, and reputable data platforms.
Disclaimer
This document is for informational purposes only and does not constitute an offer or invitation to purchase or subscribe to any units, securities, investment/stocks, services in any jurisdiction and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Any such offer or invitation to purchase or subscribe for any products or services shall be made solely pursuant to the related documents. This document is a summary only, is not complete and does not claim to contain all information that an investor or potential investor may require for the purposes of making an investment. Potential investors or existing investors should not construe any information contained herein as advice relating to business, financial, legal, taxation or investment matters and any decision to invest should only be made following consultation with the potential investor’s own legal, accounting, tax and other advisors in order to make an independent determination of the suitability and consequences of an investment.
This is not a research report within the meaning of the Securities and Exchange Board of India (Research Analysts) Regulations 2014 as amended from time to time. All data used in the document have been derived from and are dependent upon information obtained from third parties or information available publicly. AWMPL cannot guarantee the accuracy of such information and has not independently verified the accuracy of such information. No representation or warranty (expressed or implied) is made as to, the fairness, accuracy, completeness or correctness of such information or opinions contained herein and nothing contained herein should be relied upon as a promise, representation or indication of the future performance.
