The success stories of Indian entrepreneurs continues to scale new heights. India’s economic growth slowed down this year due to Demonetization and the nationwide roll out of the GST. But, according to Forbes India’s 100 Rich list, the combined wealth of the nation’s 100 richest people reached a staggering $ 479 billion despite the slump in growth.
Several newcomers were added to this years list including O.P. Jindal group’s Chairperson Savitri Jindal and biotechnology pioneer Kiran Mazumdar-Shaw. However, one name has topped the list of India’s richest people a multiple number of times. The Chairman and Managing Director of Reliance Industries, Mr. Mukesh Ambani cemented his decade long hold on the number 1 spot by adding a staggering $ 15.3 billion to his net worth. His net worth swelled to $38 billion, making him one of Asia’s top five richest persons. According to Forbes, Ambani’s shares were boosted due to Reliance Jio’s unmatched success since it’s launch in 2016. At present, the telecom giant has close to 130 million registered customers.
Younger brother and chairman of the Reliance Group, Anil Ambani, was ranked much lower at 45th place with a net worth of $ 3.15 billion. Reliance, which was founded by business tycoon Dhirubhai Ambani, was divided between the two brothers after the demise of their father in 2002. Since then, Mukesh Ambani has run the oil and gas giant Reliance Industries while Anil Ambani runs his separate empire in telecom, financial services, media and infrastructure industries.
Azim Premji took up the second spot on the list, moving up two places from last year, with a net worth of $ 19 billion. The Hinduja family, which comprises of the four brothers Srichand, Gopichand, Prakash and Ashok Hinduja, take up the third position with a combined net worth of $ 18. 4 billion. The multinational conglomerate Hinduja Group’s business ranges from trucks and lubricants to banking and cable television.
This year, seven women joined India’s Richest list with Savitri Jindal taking up the highest position at the 16th spot with a net worth of $ 7.5 billion. The co founder of Yes Bank, Rana Kapoor along with Dinesh Nandwana of the egovernance services firm Vakrangee and the founder of the digital wallet Paytm, Vijay Shekhar Sharma were the newest entrants.
Watch the success story of India’s richest man Mukesh Ambani here –
SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming.
The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions.
CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.
Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.
Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.
Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.
Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.
Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.
This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.
