Home / Industry / Human Resource /  IITian entrepreneur makes into Hurun Top 10 India rich list for first time
Listen to this article

Indian-American entrepreneur and the CEO-founder of cloud security company Zscaler, Jay Chaudhry is tenth richest Indian, according to a report by IIFL-Hurun India's top 10 rich list.

The increased demand for enterprise cyber security services amidst increased corporate ransomware attacks contributed a 85% increase in Chaudhry's wealth and stormed into the top 10 of IIFL Wealth Hurun India Rich list 2021.

The IITian entrepreneur has made it to the coveted list for the first time, that is topped by Reliance Industries' chairman Mukesh Ambani for the tenth consecutive year. This is the 10th annual ranking of the richest individuals in India. Wealth calculations are a snapshot as of 15th September 2021.

The Himachal Pradesh born, who has a wealth of 1.21 lakh crore founded the cyber security firm Zscaler in 2007 and currently owns 42% of the Nasdaq-listed firm, which has a market cap of 2.81 lakh crore.

Zscaler, a cloud security company, provides secure access to the open internet and SaaS apps, even to remote users at a time when cyberattacks are an increasing phenomena. It provides inline inspection of all traffic to ensure that networks are protected.

The California-based company is responsible for securing more than 400 of the Forbes Global 2000 companies, including organisations that run some of the world’s most complex networks.

The company is also the creator of the Zero Trust Exchange platform that uses the largest security cloud to make doing business and navigating change a simpler, faster, and more productive experience.

According to the Hurun report, 1,007 individuals, up 179, across 119 cities, up 5, have 1,000 crore on the rich list 2021. Cumulative wealth is up 51%, while average wealth is increased by 25%.

894 individuals saw their wealth increase or stay the same, of which 229 new faces, whilst 113 saw their wealth drop and there were 51 dropouts. India has 237 billionaires, up 58 compared to last year, according to the report.

While Chemicals and software sectors added the greatest number of new entrants to the list, pharma is still at number one and has contributed 130 entrants to the list. The youngest in the list is aged 23.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Recommended For You
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsFeedbackRedeem a Gift CardLogout