India’s entrepreneurial landscape is witnessing unprecedented growth, led by visionary women who have transformed industries with innovation, resilience, and strategic leadership. The Hurun India Rich List 2025 highlights the wealthiest women entrepreneurs, showcasing those who built successful ventures across technology, healthcare, beauty, retail, and financial services. Topping the list is Jayshree Ullal, CEO of Arista Networks, with a net worth of Rs 50,170 crore, followed closely by Radha Vembu of Zoho and Falguni Nayar of Nykaa.
Jayshree Ullal – Arista Networks
Wealth: Rs 50,170 crore
Career & Achievements: Jayshree Ullal has led Arista Networks as President and CEO since 2008. The publicly-traded company generated $7 billion in revenue last year, marking a 20% increase from the previous year. Ullal owns about 3% of Arista’s stock and serves on the board of Snowflake, a leading cloud computing company. She previously held senior positions at Cisco Systems, AMD, and Fairchild Semiconductor.
Early Life & Education: Born in London on March 27, 1961, Ullal grew up in New Delhi, attending the Convent of Jesus and Mary. She earned a B.S. in Electrical Engineering from San Francisco State University and a Master’s degree in Engineering Management from Santa Clara University.
Radha Vembu – Zoho Corporation
Wealth: Rs 46,580 crore
Career & Achievements: Radha Vembu is the majority stakeholder of privately-held Zoho Corp, which offers cloud-based business software. She serves as the product manager for Zoho Mail. Founded in 1996 by her elder brother Sridhar Vembu as AdventNet, Zoho has grown into a globally recognized software provider.
Early Life & Education: Born in Chennai around 1972, Vembu completed schooling at National Higher Secondary School in Chennai and earned a degree in Industrial Management from IIT Madras.
Falguni Nayar – Nykaa
Wealth: Rs 39,810 crore
Career & Achievements: Falguni Nayar founded Nykaa, a multi-brand beauty and lifestyle retailer, in 2012 after leaving her role as Managing Director at Kotak Mahindra Capital. Nykaa operates online and across nearly 200 physical stores in India. The company went public in 2021 with a valuation of Rs 13,000 crore.
Early Life & Education: Born in Mumbai in 1963 to a Gujarati business family, Nayar holds a B.Com from Sydenham College and an MBA in Finance from IIM Ahmedabad.
Kiran Mazumdar-Shaw – Biocon
Wealth: Rs 29,330 crore
Career & Achievements: Kiran Mazumdar-Shaw is the founder and executive chairperson of Biocon Limited and Biocon Biologics Limited. She started Biocon in 1978 from her garage with a seed capital of Rs 10,000. Today, Biocon is a leading global biotechnology company.
Early Life & Education: Born in Bangalore on March 23, 1953, Mazumdar-Shaw completed her schooling at Bishop Cotton Girl’s High School, earned a B.Sc. in Zoology from Bangalore University, and a Master Brewer degree from Ballarat College, Melbourne University.
Ruchi Kalra – OfBusiness
Wealth: Rs 9,130 crore
Career & Achievements: Ruchi Kalra co-founded OfBusiness in 2015, a B2B commerce platform providing raw materials and credit solutions. She also leads its lending arm, Oxyzo Financial Services. Kalra and her husband, Asish Mohapatra, are the first couple in India to build two unicorn startups.
Early Life & Education: Kalra holds a B.Tech in Chemical Engineering from IIT Delhi and an MBA from ISB Hyderabad. She worked nine years at McKinsey & Company, reaching the position of Partner.
Juhi Chawla – Actress & Entrepreneur
Wealth: Rs 7,790 crore
Career & Achievements: Juhi Chawla’s wealth comes from a diversified portfolio including Knight Riders Sports, real estate, and business ventures. Her fortune saw a 69% increase compared to the previous year. She co-owns the Knight Riders IPL franchises with Shah Rukh Khan and her husband Jay Mehta.
Family: Chawla is married to Jay Mehta, and they have two children, Jhanvi and Arjun.
Neha Bansal – Lenskart
Wealth: Rs 5,640 crore
Career & Achievements: Neha Bansal co-founded Lenskart and oversees merchandising and legal functions. Originally incorporated as Valyoo Technologies in 2008, Lenskart has become one of India’s leading eyewear retailers.
Early Life & Education: Born and raised in Delhi, Bansal earned a B.Com Honours degree from the University of Delhi and is a qualified Chartered Accountant.
Indra Nooyi – Former CEO of PepsiCo
Wealth: Rs 5,130 crore
Career & Achievements: Indra Nooyi served as PepsiCo CEO from 2006 to 2018, nearly doubling company sales. She joined the boards of Amazon and Deutsche Bank and is a member of the CEO Advisory Council for Cohesity.
Early Life & Education: Born in Chennai in 1955, Nooyi earned a B.S. in Physics, Chemistry, and Mathematics from Madras Christian College, an MBA from IIM Calcutta, and a Master of Public and Private Management from Yale.
Neha Narkhede – Confluent
Wealth: Rs 4,160 crore
Career & Achievements: Neha Narkhede co-founded Confluent and co-created Apache Kafka. She is currently a board member at Confluent and co-founded Oscilar, a risk detection platform developer, in 2021.
Early Life & Education: Raised in Pune, Narkhede earned a Bachelor of Engineering from PICT, University of Pune, and a Master’s degree in Technology from Georgia Tech in 2007.
Kavitha Subramanian – Upstox
Wealth: Rs 3,840 crore
Career & Achievements: Kavitha Subramanian co-founded Upstox, a leading online investment platform. She previously worked in financial services at LeapFrog Investments, Actis, and SKS Microfinance Limited.
Early Life & Education: Subramanian is an alumna of IIT Bombay and holds an MBA from The Wharton School. She earned both B.Tech and M.Tech degrees in Electrical Engineering from IIT Bombay.
Also Read: Who is Jayshree Ullal? The Wealthiest Self-Made Indian Woman with Rs 50,170 crore Net Worth
