India has always had plenty of storied business houses — the Tatas, the Birlas and other names players had created massive businesses for themselves over the decades. But India’s newer crop of businesses is different — they’re young, brash, and have extensively used tech to scale and grow their products. And very quickly, they’ve managed to not only create impact, but also create massive amounts of value for themselves. As per the Hurun IDFC report, these are the most valuable Indian companies that were founded this millennium, or after the year 2000.
1.DMart
Rs. 2,38,188 crore
DMart, officially known as Avenue Supermarts Limited, is a prominent Indian retail chain that has made a significant mark in the retail sector. Founded by Radhakishan Damani in 2002, DMart has become a household name in India. Known for its focus on value retailing, the company provides a wide range of products, including groceries, apparel, home goods, and more. Radhakishan Damani, the founder, is a seasoned entrepreneur and investor who has played a crucial role in the success of DMart. DMart has experienced remarkable growth since it listed on the stock markets in 2017, and its market capitalization has now soared to Rs. 2,38,188 crore, making it the most valuable Indian company founded this millennium.
2. Flipkart
Rs. 1,19,472 crore
Founded in 2007 by Sachin Bansal and Binny Bansal, Flipkart has emerged as a pioneering force in the Indian e-commerce landscape. Sachin and Binny, both former employees of Amazon, envisioned creating a platform that would revolutionize online retail in India. The company started as an online bookstore but quickly diversified its offerings to include a wide range of products, becoming one of the largest e-commerce platforms in the country. The company was acquired by Walmart in 2018, but has continued to go from strength to strength — it is now worth Rs. 1,19,472 crore, making it the second most valuable company founded this millennium.
3. Zomato
Rs. 86,835 crore
Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. The platform started as an online restaurant discovery service and has since expanded its services to include food delivery, table reservations, and various other features. Zomato has had some ups and downs since it became India’s first startup to go public, but its stock is currently on the upswing, making the company worth Rs. 86,835 crore.
4. Dream11
Rs. 66,542 crore
Dream11 was founded in 2008 by Harsh Jain and Bhavit Sheth. The platform allowed users to create their fantasy teams for various sports, participate in leagues, and compete for cash prizes based on the real-life performance of the players. Dream11 has beaten off several rivals in the space, and has even become the Indian cricket team’s official sponsor. Dream11 is now worth Rs. 66,542 crore, and the fourth most valuable Indian company founded since 2000.
5. Swiggy
Rs. 64,000 crore
Founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, Swiggy is the second food delivery platform on the list of the most valuable after Zomato. Swiggy’s founders envisioned revolutionizing the way people experience food delivery by leveraging technology and an extensive network of restaurants. Swiggy is battling it out with Zomato for India’s food ordering pie, and its valuation has reached Rs. 64,000 crore.
6. Razorpay
Rs. 62,384 crore
Razorpay was founded in 2014 by Harshil Mathur and Shashank Kumar. The platform provides comprehensive payment solutions to businesses, including payment gateway services, digital wallets, and other financial products. Harshil Mathur and Shashank Kumar’s vision was to simplify online transactions for businesses of all sizes. Razorpay has now achieved a valuation of Rs. 62,384 crore, and it is the sixth most valuable business in India founded since 2000.
7. Max Healthcare Institute
Rs. 55,085 crore
Max Healthcare Institute was founded in 2001. Led by Abhay Soi, the hospital chain owns and operates facilities in Delhi-NCR, Dehradun, Mohali, Bathinda, and Mumbai. It currently runs 17 hospitals with more than 3,500 beds and employs 4,800 clinicians. It is worth Rs. 55,085 crore, making it the seventh most valuable Indian firm founded after 2000.
8. Paytm
Rs. 54,328 crore
Paytm was founded in 2010 by Vijay Shekhar Sharma. It was the pioneer in the online payments space, launching a hugely successful wallet before its thunder was somewhat stolen by the UPI initiative. Paytm was once India’s highest valued startup, but its public markets debut didn’t quite go as planned, ending up becoming the worst-performing large IPO anywhere in the world. While Paytm’s stock has recovered somewhat, it’s still worth Rs. 54,328 crore, and eighth on the list of the most valuable Indian companies founded this millennium.
9. Cred
Rs. 53,254 crore
Cred was Kunal Shah’s second startup after successfully selling Freecharge to Snapdeal in what is still one of India’s largest-ever internet exits. Cred has managed to create plenty of buzz with its innovative marketing campaigns, but there are still questions over whether its current valuation is justified. Nevertheless, Cred is worth Rs. 53,254 crore based on its last fundraise, and is ninth on the list of the most valuable companies created this millennium in India.
10. Zerodha
Rs. 50,060 crore
Zerodha was founded in 2010 by brothers Nithin Kamath and Nikhil Kamath. It was the pioneer of the discount broker concept in India, and has ended up beating larger players like ICICI Bank, SBI and HDFC Bank to become India’s largest broker. Interestingly, Zerodha hasn’t raised any external capital, and is fully owned by the founders. While newer competition has cropped up, Zerodha is still worth Rs. 50,060 crore, making it the tenth most valuable company founded in India since 2000.