The life in a start-up can be hard, very hard. There are no set working hours, which means the job is often 24 x 7. There is no fixed income. There is no guarantee of any reward or success. There is a lot of running around, fixing things with resources that always seem scarce. But if the chips fall into place, it also means that overnight the people behind a start-up can be millionaires.
Not all who start their own companies succeed, but the world of technology has made it somewhat easier to find the rewards for hard work, creativity and ingenious ideas. That probably is the reason why there is a sudden rise in the number of super rich in India who are from the IT world. We tell you about the 7 who gave up the path of conventional jobs and made it big even before turning 40.
Ankit Bhati and Bhavnish Agarwal: Ola cab founders Ankit bhati who is 29, and Bhavish Agarwal who is 30, are youngest in this list. According to Hurun Report, in 2015 both had an estimated personal fortune of Rs 2,385 crores each. Bhavish began his career with Microsoft, and after calling it quits started an online company to sell holiday and tour packages. He later co-founded Ola with Ankit in 2010. Initially, his parents thought that he was working as some sort of travel agent.
Kunal Bahl: Co-founder and CEO of Snapdeal is next in our list. At an age of 32, Bahl has a net worth of around Rs 2,314 crores. With Bachelor’s in Engineering from University of Pennsylvania, USA and a business degree from The Wharton School, he started his career with Deloitte Consulting and later joined Microsoft. In 2007-08 he launched an offline coupon business before starting Snapdeal in 2010. A self-professed food lover, he travels across the globe to eat his favourite cuisines or try new ones.
Sachin Bansal and Binny Bansal: The Bansals are the men behind Flipkart. The e-retail site started at a time when there was a huge opportunity in this space. Amazon wasn’t there in India at that time. Sachin Bansal (34) and Binny Bansal became the poster boys of the startup scenes after the success Flipkart, which started operations in 2007. With an estimated wealth of Rs 9,010 crores, they have a story that inspires. Like, many others, they believed in creating something new that benefits the society. They left their high-paying MNC jobs and launched Flipkart that was initially an online book retailer but today its success is exemplary. They were also among the first to envision the implementation of “Cash On Delivery” feature.
Vijya Shekhar Sharma: Once a boy who was teased by his classmates in college for not knowing English, Vijay Shekhar Sharma (38), is the founder of mobile wallet and e-commerce firm Paytm. Today, his net worth is somewhere around Rs 2,824 crores. His story is also the one that you can call the classic rags-to-riches tale. Hailing from the small town of Aligarh, Sharma was always a meritorious student. He got admission in Delhi Technological University at an age of 15, and in the third year of college, built a company called Xs Corporation that offered web-guided services.
Naveen Tiwari: Having studied at Harvard Business School, and worked at consulting firm McKinsey, Naveen Tiwari, an IIT Kanpur graduate, has come a long way from being an employee to an employer. He founded mKhoj in 2007, now called Inmobi, the largest mobile ad network in India. At an age of 39, his net worth is Rs 1,668 crores, approx.