{
  "id": 17977937,
  "title": "Revenue of 51 cos in ASK Private Wealth Hurun India Gazelle index jump 50% in one year",
  "url": "https://urgent.news/2026/11/03/revenue-of-51-cos-in-ask-private-wealth-hurun-india-gazelle-index",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T14:43:46.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/companies/revenue-of-51-cos-in-ask-private-wealth-hurun-india-gazelle-index-jump-50-in-one-year/article71661425.ece"
  },
  "original_language": "en",
  "account": "In FY25, the revenue of 51 companies classified as Gazelles by ASK Private Wealth and Hurun India surged by 50%, reaching a total of ₹33,233 crore. These companies, founded after 2000 and with valuations exceeding $500 million, are expected to attain a $1-billion valuation and attain Unicorn status within the next three years. Their collective net worth is reported as ₹3.3 lakh crore in the 2026 ASK Private Wealth Hurun India Gazelle index, a ranking of India's Gazelles.\n\nAmong the Gazelles, seven of the previous list have already surpassed $1 billion in valuation in 2026, while 34 others have done so since 2021. The FinTech sector tops the list with 13 Gazelles, followed by SaaS and E-Commerce with five each. AI, CleanTech, and Aerospace & Defence together account for eight of the 51 Gazelles. Two Gazelles - Shadowfax and Turtlemint - were recently listed on the public markets in June.\n\nBengaluru leads as the home to 17 Gazelles, followed by NCR with 11 and Mumbai with 8. Rajesh Saluja, co-founder, CEO, and MD of ASK Private Wealth, stated that the index indicates India's next wave of value creation is already underway, highlighting companies poised to become tomorrow's Unicorns. He emphasized that the entrepreneurial base is diversifying across sectors and geographies, building scalable businesses with global competitiveness potential.\n\nAnas Rahman Junaid, Founding and Chief Researcher at Hurun India, noted that for family offices, global investors, and policymakers, the Gazelle stage offers an opportunity to observe these companies before they become widely known. AI companies like Ema AI and UnifyApps achieved Gazelle status within three years of founding, while CleanTech and Aerospace and Defence players such as Lohum, Rayzon Solar, and Agnikul demonstrate India's focus on developing deep technology, not just applications.",
  "summary": "The net worth of these companies were ₹3.3 lakh crore, according to the 2026 ASK Private Wealth Hurun India Gazelle index",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "A billionaire’s private zoo may hold the world’s rarest great ape as India becomes a top destination for trafficked primates",
        "url": "https://urgent.news/2026/10/26/a-billionaires-private-zoo-may-hold-the-worlds-rarest-great-ape-as",
        "published": "2026-10-26T13:38:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}