Radha Vembu and Kiran Mazumdar-Shaw were ranked at No. 1 and No. 2 respectively.
New Delhi: Radha Vembu, co-founder of Zoho Corporation, has been named the top self-made woman entrepreneur in India for 2026, according to the latest Hurun India Rich List. Kiran Mazumdar-Shaw of Biocon Limited and Falguni Nayar of Nykaa occupy the second and third positions respectively.
The Hurun ranking highlights the growing influence of female founders in India’s business landscape even as women continue to be underrepresented in formal entrepreneurship. Women currently own just 20.37% of MSMEs and make up 23.3% of the workforce, the report notes, underlining the scope for greater participation.
Full top-10 list (Hurun India Rich List, 2026)
1. Radha Vembu (Zoho Corporation)
2. Kiran Mazumdar-Shaw (Biocon Limited)
3. Falguni Nayar (Nykaa)
4. Vandana Luthra (VLCC Wellness)
5. Kalpana Saroj (Kamani Tubes)
6. Richa Kar (Zivame)
7. Vineeta Singh (Sugar Cosmetics)
8. Upasana Taku (MobiKwik)
9. Ghazal Alagh (Mamaearth)
10. Aditi Gupta (Menstrupedia)
The Hurun report credited these leaders with building significant enterprises through strategic vision and resilience. Their success is increasingly recognised as a catalyst for change, inspiring efforts to boost women’s entrepreneurship and leadership across sectors.
Analysts said the list reflects both the commercial success of individual founders and a broader shift toward greater visibility for women-led businesses. Policymakers and industry groups have stepped up initiatives to support female entrepreneurs, from access to finance to mentorship and networking programmes.