Business
Hurun India 2025 top 10 listed self-made businesses: Eternal leads, IndiGo joins list
Hurun India 2025 top 10 listed self-made businesses: Eternal leads, IndiGo joins list
About this update from Eternal Limited
Eternal Emergence: Eternal Ltd., the parent company of Zomato, was founded by Deepinder Goyal and Pankaj Chaddah in 2010. It operates as a technology-led consumer internet company focused on food delivery and quick commerce. Zomato was listed on the Indian stock exchanges in July 2021 following its IPO. In 2025, Eternal was valued at ₹3,20,700 crore, ranking first among self-made listed companies in the Hurun India 2025 report. Retail Scale: Avenue Supermarts Ltd., which operates the DMart retail chain, was founded by Radhakishan Damani and functions in the supermarket and hypermarket segment. The company was listed in March 2017 and has since expanded to over 300 stores across India. In 2025, its valuation stood at ₹2,97,800 crore, placing it second among India’s top self-made listed enterprises. Aviation Entry: InterGlobe Aviation Ltd., the parent company of IndiGo, was co-founded by Rahul Bhatia and Rakesh Gangwal. The airline was listed on the BSE and NSE in November 2015 following its IPO in October that year. By 2025, InterGlobe Aviation had a valuation of ₹2,19,300 crore, marking its first entry into the Hurun top 10 listed self-made companies. Healthcare Platform: Max Healthcare Institute Ltd. is a multi-speciality hospital network chaired by Abhay Soi. The company became publicly listed in August 2020 after a reverse merger, debuting on Indian stock exchanges. Operating more than 20 hospitals with over 5,000 beds, Max Healthcare recorded a valuation of ₹1,10,700 crore in 2025, reflecting sustained investor interest in large healthcare providers. Delivery Network: Swiggy, co-founded by Sriharsha Majety and Nandan Reddy, operates a consumer internet platform spanning food delivery and logistics. The company got listed on the Indian stock exchanges in November 2024. In the Hurun India 2025 ranking, Swiggy was valued at ₹1,06,100 crore, highlighting growing market confidence in platform-led logistics and urban consumption models. Travel Platform: MakeMyTrip Ltd., founded by Deep Kalra and Rajesh Magow, operates in online travel services covering flights, hotels, and holiday bookings. The company has been listed on the NASDAQ Global Market since August 2010. In 2025, MakeMyTrip was valued at ₹94,500 crore, maintaining its position among India’s leading self-made listed digital companies despite demand volatility in travel. Insurance Aggregator: Policy...