Engineer with an IIT degree and a Virgo star sign is the most popular formula for self-made entrepreneurs. According to Hurun and IDFC First’s list of top 200 companies founded 405 self-made entrepreneurs, 225 are engineers, signaling the importance of technical expertise in today’s digital era.
Furthermore, the report reveals that being from a prestigious college such as IIT and living near vibrant startup ecosystems in cities like Bangalore, Mumbai, and Gurugram increases the likelihood of success for budding entrepreneurs.
In an interesting twist, the zodiac signs of the founders of successful companies were also analyzed. The study found that Virgo, Cancer, and Leo were the most common star signs among the 405 entrepreneurs on the list. Virgos were the largest group, making up 14% of the top 200 companies’ founders.
Virgos are known for their logical and practical approach to life, making them well-suited for entrepreneurship. Meanwhile, Cancer and Leo, known for their creativity and leadership qualities, also feature prominently on the list.
The report also highlighted the top wealth creators since 2000, including retail billionaires Radhakrishna Damani of Avenue Supermarts, and the founders of Flipkart, Binny Bansal and Sachin Bansal. These entrepreneurs started from scratch and have created immense value, contributing significantly to the Indian economy.
The overall message of the report is clear: India is experiencing a digital revolution, dominated startups and new-age businesses. With the right mix of education, location, and astrological sign, the potential for founding a successful company is higher than ever before. This bodes well for the future of India’s economy, as the digital economy continues to fuel wealth creation.
The data also points to global ambitions among Indian entrepreneurs, with 25% of the companies on the list being publicly listed, and 34% expanding their operations globally. According to Anas Rahman Junaid, founder and managing director of Hurun India, this is a strong indication of the global aspirations of Indian entrepreneurs.
With the right investments and reforms, the report suggests that India has the potential to transform into a developed country 2050, exceeding a per capita income of $15,000. This heralds an exciting future for India’s entrepreneurs and the digital economy.