Meet man who quit IIT to built Rs 24335 crore company at 19, has created record at 27 to become youngest..., he is..., net worth is Rs...
The first edition of the 360 ONE Wealth Creators List is out, and it features 2,013 individuals from across India. Everyone on this list has a net worth of at least Rs. 500 crore and the list includes entrepreneurs, professionals, investors, and heirs. But one name stands out from the rest i.e. Shashvat Nakrani, co-founder of BharatPe, who is now the youngest active wealth creator in India at the age of just 27. Started a startup at just 19
Shashvat was only 19 years old when he started BharatPe along with Ashneer Grover. At that time, Shashvat was in his third year of college at IIT Delhi. He was studying textile technology then. What is BharatPe?
BharatPe is a digital payment company. It was created to help small shopkeepers and local businesses accept payments in a simple and secure way. While digital payments were growing fast in India, many small business owners still found it hard to use them due to complicated technology or high fees.
Shashvat saw this problem as an opportunity. He helped design BharatPe in a way that allowed shopkeepers to accept payments through QR codes and without paying any extra charges. This simple idea made a huge difference in helping small traders join the digital economy. Faced many challenges early on
Like most startups, the journey was not easy. In the beginning, it was tough to get funding, build a place in the market, and win the trust of shopkeepers. But Shashvat and his team did not give up. Their hard work and belief in their idea paid off and BharatPe grew rapidly and became one of the top names in the Indian fintech space. From Bhavnagar to the big stage
Shashvat Nakrani was born in Gujarat's Bhavnagar and from a young age, he loved technology and innovation. Even during school, he was interested in coding and programming. His dedication helped him clear the tough JEE exam and get into IIT Delhi.
Today, at just 27, Shashvat has not only built a successful business but has also made it to a prestigious list of India's wealthiest self-made individuals.
In 2021, Shashvat Nakran made history as the youngest person to feature on the IIFL Wealth Hurun India Rich List. At just 23 years old, he joined the ranks of 13 other self-made billionaires born in the 1990s. Shashvat Nakrani's Net Worth
According to the 2024 Hurun India Rich List, Shashvat Nakrani's net worth stands at Rs. 1,300 crore at just 26 years old.
His reported salary for FY22 was Rs. 29.8 lakh. However, this figure excludes stock-based payments, which amounted to Rs. 70 crore in FY22.
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