Dmart Tops as Most-Valuable Self-Made Business in India

Dmart, founded by Radhakishan Damani, is the most-valuable self-made company in India, valued at Rs 3.42 lakh crore. Zomato and Swiggy follow in the rankings with significant valuation increases. The report highlights Bengaluru as a business hub and notes declining tax contributions among self-made entrepreneurs.

Dmart, the supermarket chain promoted by Radhakishan Damani, has been named the most valuable self-founded enterprise in India after the year 2000. According to recent data from Hurun, Dmart boasts a valuation of Rs 3.42 lakh crore.

Meanwhile, Zomato, led by Deepinder Goyal, recorded a remarkable 190% surge in its valuation, reaching Rs 2.51 lakh crore, securing the second spot. Swiggy, a key competitor of Zomato, founded by Sriharsha Majety and Nandan Reddy, showed a 52% increase, valued at Rs 1.01 lakh crore.

This year's rankings saw the entrance of MakeMyTrip and Policy Bazaar, while established names like Flipkart and Paytm fell out of the top-10. Bengaluru emerged as the preferred location with the majority of these enterprises headquartered there. Overall, these businesses employ approximately 10 lakh people.

(With inputs from agencies.)