The Pune girl who self-made it to the India rich list with an estimated wealth of Rs 4,700 crore

Chennai

21-September-2022

Photo: Neha Narkhede

Indian-American Neha Narkhede, co-Founder of Confluent, a streaming data technology company, now figures in the India's rich list 2022.

According to IIFL Wealth Hurun India Rich List, the 37-year-old Narkhede is the youngest self-made woman entrepreneur to be in India's rich list.

Her wealth is estimated at Rs 4,700 crore and she is ranked 336 in the IIFL Hurun India Rich List.


As per the information available in the public domain, Narkhede was born in Pune and got her Bachelor of Science in Engineering from University of Pune and Masters in Technology from Georgia Tech.

In an interview to Forbes, she had said that she migrated to US to have a career in technology.

Narkhede, after her education, joined Oracle and then LinkedIn where she and her colleagues Jun Rao and Jay Kreps set up open source platform Apache Kafka.

In 2014, the trio decided to start Confluent with Narkhede as the Chief Technology Officer and later as the Chief Product Officer. She is now on the company's board.

The company went public in 2021 at $9.1 billion valuation, as per Forbes.
"Cumulative wealth has increased by 9.4 per cent, while average wealth has decreased by 1 per cent. 602 individuals saw their wealth increase or stay the same, of which 149 are new faces, whilst 415 saw their wealth drop and there were 50 dropouts," as per a statement issued by IIFL Wealth and Hurun India.

According to the report, India has 221 billionaires, down 16 compared to last year.

While Chemicals and Financial Services added the greatest number of new entrants to the list, Pharma is still at number one and has contributed 126 entrants to the list.

"Despite the slump in economy owing to geo-political challenges, volatility in global financial markets, and sharp spike in oil prices, India has successfully made an impression on the world's economy/wealth map," said Yatin Shah, Co-Founder & Joint CEO, IIFL Wealth.

He said pharmaceuticals, chemical & petrochemicals, IT, and financial services amongst others are some of the key sectors substantially contributing to wealth creation.

"There are 65 founders of 37 unicorns along with 14 professional managers who have emerged as the cornerstone of wealth creation this time in the list," Shah said.

"Gurugram debuted in the top 10 cities producing most number of entrants and we have a record addition of 149 new faces to the list from 32 industries and 36 cities," said Anirudha Taparia, Joint CEO, IIFL Wealth.

"The trends in IIFL Wealth Hurun India Rich List 2022 prove that India has taken booster shots against the global crisis. Be it Ukraine War or inflationary pressures, the Indian growth story continues against all odds as 149 individuals entered the IIFL Wealth Hurun India Rich list of 1,103 who cumulatively have a wealth of INR 100 lakh crore. India also gave a new number two, Gautam Adani, to the Hurun Global Rich List," commented Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

As per the list, Adani group promoter Gautam Adani has surged ahead to the top spot beating Mukesh Ambani of Reliance Industries with wealth more than doubling (116 per cent) in the last year.

Adani is ahead of the second-ranking Ambani by more than Rs 3,00,000 crore. Vaccine maker Cyrus S. Poonawalla and family also moved up three ranks after their wealth increased by 25 per cent year-on-year.

Three families, Shiv Nadar and family, S.P. Hinduja and family and L.N. Mittal and family, have reported a decline in wealth, but still find a place in the top ten.


Four individuals still make the India Top 10 after ten years, led by Mukesh Ambani and followed by L,N, Mittal, Dilip Shanghvi and Shiv Nadar. - IANS



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