HSBC Hurun Global Indians List 2024 – Key Highlights

SATYA NADELLA, CEO OF MICROSOFT, TOPS THE INAUGURAL EDITION OF THE HSBC HURUN GLOBAL INDIANS LIST 2024.

THE CUMULATIVE VALUE OF THE COMPANIES LED BY GLOBAL INDIANS IN THE HSBC HURUN GLOBAL INDIANS LIST 2024 STANDS AT US$10 TRILLION.

SUNDAR PICHAI, CEO OF ALPHABET, TAKES THE SECOND SPOT ON THE LIST, FOLLOWED BY NEAL MOHAN OF YOUTUBE.

HURUN INDIA CONDUCTED A SURVEY WITH 400 RESPONDENTS, INCLUDING WEALTH CREATORS FEATURED IN VARIOUS HURUN INDIA LISTS AND THE HURUN NETWORK, TO IDENTIFY THE MOST INFLUENTIAL GLOBAL INDIANS. SATYA NADELLA, CHAIRMAN AND CEO OF MICROSOFT, AND SUNDAR PICHAI, CEO OF ALPHABET AND GOOGLE, WERE RECOGNIZED AS THE MOST INFLUENTIAL GLOBAL LEADERS OF INDIAN ORIGIN. LEENA NAIR, GLOBAL CEO OF CHANEL, WAS ACKNOWLEDGED AS THE MOST INFLUENTIAL WOMAN OF INDIAN ORIGIN.

SAN FRANCISCO HAS THE HIGHEST NUMBER OF ENTRANTS IN THE HSBC HURUN GLOBAL INDIANS LIST 2024, WITH 37 INDIVIDUALS RESIDING IN THE CITY. IN THE UK, LONDON ACCOUNTS FOR THE LARGEST GROUP WITH 8 ENTRANTS, WHILE DUBAI LEADS THE MIDDLE EAST WITH 6 RESIDENTS ON THE LIST.

27-YEAR-OLD TANAY TANDON, CO-FOUNDER AND CEO OF COMMURE, IS THE YOUNGEST IN THE HSBC HURUN GLOBAL INDIANS LIST 2024.

THE TOP 10 ACCOUNT FOR NEARLY 73% OF THE TOTAL VALUE ON THE LIST.

THE HSBC HURUN GLOBAL INDIANS LIST 2024 ALSO FEATURES NAMES FROM THE 2024 HURUN INDIA RICH LIST, WHICH INCLUDES 101 NRIS, 79% SELF-MADE. L.N. MITTAL & FAMILY TOPS THE HURUN INDIA RICH LIST WITH INR 184,500 CRORE, FOLLOWED BY GOPICHAND HINDUJA & FAMILY AT INR 178,600 CRORE.

57% OF LEADERS IN THE HSBC HURUN GLOBAL INDIANS LIST 2024 ARE FIRST-GENERATION ENTREPRENEURS, WITH PROFESSIONALS AND INHERITORS MAKING UP THE REST.

DOMINATING THE HSBC HURUN GLOBAL INDIANS LIST 2024, SOFTWARE AND SERVICES EMERGE AS THE LARGEST INDUSTRY WITH AN IMPRESSIVE 87 ENTRANTS, FOLLOWED BY FINANCIAL SERVICES WITH 24 REPRESENTATIVES AND HEALTHCARE, CONTRIBUTING 21 NOTABLE FIGURES.

79% PERCENT OF THE ENTRANTS RESIDE IN THE USA, FOLLOWED BY THE UK WITH FIVE PERCENT AND UAE WITH FOUR PERCENT.

LAUNCHPAD IN INDIA, LANDING IN THE USA: 62% OF HSBC HURUN GLOBAL INDIANS BEGAN THEIR UNDERGRADUATE STUDIES IN INDIA, WHILE 77% PURSUED POSTGRADUATE DEGREES IN THE USA.

IIT MADRAS LEADS AS THE TOP UNDERGRADUATE ALMA MATER WITH 14 ENTRANTS, WHILE STANFORD UNIVERSITY DOMINATES POSTGRADUATE CHOICES WITH 20 GLOBAL LEADERS.

THE HSBC HURUN GLOBAL INDIANS LIST 2024 FEATURES 12 WOMEN.

TECH TITANS ON SOCIAL MEDIA: SUNDAR PICHAI LEADS WITH 5.4 MILLION FOLLOWERS, FOLLOWED BY SATYA NADELLA AT 3.2 MILLION AND NAVAL RAVIKANT WITH 2.6 MILLION AMONG HSBC HURUN GLOBAL INDIAN LEADERS

HURUN INDIA Releases HSBC Hurun Global Indians List 2024

Mumbai, 21 January 2025: HSBC and Hurun India launched the ‘HSBC Hurun Global Indians List 2024’, ranking the 200 most valuable companies in the world led by Indian-origin leaders. Companies were ranked according to their value, defined as market capitalisation for listed companies and valuations for non-listed companies. The cut-off date used was 29th November 2024. This is the inaugural edition of the list. The objective of the list is to highlight the role played by the Indian diaspora in the global economic landscape. The list includes 226 CEOs, Managing Directors, and Founders from 200 companies, all based outside of India.

San Francisco tops the list of preferred cities with 37 individuals from the HSBC Hurun Global Indians List 2024, which has a cut-off of US$1 Bn. The list's total value is US$10 Tn. Software & Services and Financial Services lead, accounting for half of the entrants. The average age of the 226 individuals is 56 years.

Commenting on the launch of the HSBC Hurun Global Indians List 2024, Anas Rahman Junaid, Founder and Chief Researcher, Hurun India stated, “The HSBC Hurun Global Indians List 2024 highlights the significant achievements of leaders of Indian origin who are at the helm of some of the world's most valuable companies. This list ensures that their legacies are preserved to inspire future generations, while also emphasizing the vital role of HSBC Hurun Global Indians List 2024 in advancing global progress and innovation.”

“The HSBC Hurun Global Indians List 2024 highlights that 62% of leaders studied in India, with almost quarter of the list graduating from the IITs- underscoring the importance of quality Indian education in shaping global business leaders.”

“At the heart of technological innovation, the HSBC Hurun Global Indians List 2024 highlights 93 companies rooted in artificial intelligence, led by Indian-origin leaders. Visionaries including Satya Nadella and Sundar Pichai exemplify how the Indian diaspora is shaping the future of intelligent technology. Their leadership underscores the pivotal role HSBC Hurun Global Indians List 2024 play in advancing cutting-edge technologies, and driving the next wave of global innovation.”

“Companies led by the Indian diaspora, as highlighted in the HSBC Hurun Global Indians List 2024, touch the lives of over 4 billion people daily—from the search results they rely on through Google to the videos they stream on YouTube, the collaboration they foster with Microsoft Teams, and the conversations they power through ChatGPT. This unparalleled reach showcases the transformative global impact of Indian-origin leadership in shaping the digital future.”

“Nearly 73 global unicorns have been founded by the Indian diaspora, as highlighted in the HSBC Hurun Global Indians List 2024. This remarkable achievement underscores the entrepreneurial spirit and innovative leadership of Indian-origin founders, who continue to redefine industries and drive the global startup ecosystem forward.”

“Women leaders from HSBC Hurun Global Indians List 2024 is equally inspiring too! Neha Narkhede (Confluent), Anjali Sud (Tubi), Yamini Rangan (HubSpot), Leena Nair (Chanel), and Revathi Advaithi (Flex), collectively oversee companies with a cumulative value of USD 436 billion—greater than the GDP of Malaysia. “

"The HSBC Hurun Global Indians List 2024 celebrates diversity, featuring entrepreneurs from Tamil Nadu, Punjab, Maharashtra, Kerala, and beyond, currently based in global hubs like the USA, UK, UAE, and Singapore. Spanning generations from 27-year-old Tanay Tandon to 84-year-old Gopichand Hinduja, the list includes 57% first-generation entrepreneurs, 41% professionals, 2% inheritors, and 12 women leaders, showcasing a vibrant blend of regional roots, global presence, and leadership.”

"Hurun India is proud to partner with HSBC for the Global Indians list, a collaboration that highlights the importance of India’s diaspora in driving global wealth and influence.", concluded Anas Rahman Junaid.

Sandeep Batra, Head, International Wealth and Premier Banking, HSBC India

"As we unveil the inaugural 'HSBC Hurun Global Indians List 2024', we are proud to celebrate the remarkable achievements of Indian-origin leaders who are steering some of the world's most valuable companies. This list not only recognizes the entrepreneurial spirit and business acumen of the Indian diaspora but also underscores the significant impact they have on the global economic stage. HSBC is committed to acknowledging excellence and innovation across industries, and we believe that the insights from this list will inspire future generations of leaders. We are excited to see how these trailblazers continue to shape the future of business and drive economic growth worldwide."

Top 10 Global Indians

Satya Nadella leads the HSBC Hurun Global Indians List 2024, holding the top position with his role as Chairman and Chief Executive Officer of Microsoft. Following him are Sundar Pichai, CEO of Alphabet, and Neal Mohan, Chief Executive Officer of YouTube.

The combined value of the top 10 individuals accounts for 73% of the total cumulative value of the list. Notably, five companies in the list belong to the software and services sector.

Source: HSBC Hurun Global Indians List 2024, *data available on public domain

Satya Nadella, Chairman & CEO of Microsoft, ranks no.1 on the HSBC Hurun Global Indians List 2024. Under his leadership, the company has focused on innovation, strongly emphasising artificial intelligence and digital transformation while cultivating a culture of collaboration and inclusivity.

Sundar Pichai, CEO of Alphabet, secures the second position on the inaugural HSBC Hurun Global Indians List 2024. As an influential leader, Pichai has spearheaded innovation and growth at Google, guiding advancements in artificial intelligence, cloud computing, and consumer products.

Neal Mohan, CEO of YouTube, ranked third on the inaugural HSBC Hurun Global Indians List 2024. Under his leadership, YouTube ranked second for the highest social media following, reflecting its immense popularity and influence. Mohan's strategic focus on enhancing user experience and expanding monetisation options has significantly contributed to the platform's growth and pivotal role in the digital media landscape.

Thomas Kurian, CEO of Google Cloud, is fourth on the inaugural HSBC Hurun Global Indians List 2024. A visionary leader in cloud computing, Kurian joined Google’s Cloud organisation in November 2018 and has been instrumental in driving its rapid growth and innovation. Known for his strategic vision and customer-focused approach, he holds degrees from Princeton University and Stanford Graduate School of Business.

Shantanu Narayen, Chairman and CEO of Adobe, ranks fifth on the HSBC Hurun Global Indians List 2024. As a transformative leader, he has guided Adobe’s growth into a powerhouse in digital media and marketing solutions, with a global workforce of over 30,000 employees.

Sanjiv Lamba, CEO of Linde, ranks sixth on the inaugural HSBC Hurun Global Indians List 2024. A seasoned leader in the Chemicals & Petrochemicals sector, Lamba has played a pivotal role in shaping Linde's growth. Under his leadership, Linde has enhanced its presence in the industrial gas market, focusing on sustainability and cutting-edge technologies. Lamba’s strategic direction has driven the company’s global expansion and operational excellence, making it a recognised leader in the field.

Vasant Narasimhan, CEO of Novartis, claims the seventh position on the inaugural HSBC Hurun Global Indians List 2024. Renowned for his forward-thinking leadership, Narasimhan has been instrumental in transforming Novartis into a more agile and innovative pharmaceutical powerhouse. His focus on cutting-edge therapies, digital transformation, and sustainability has reinforced Novartis' global position in the healthcare industry.

Arvind Krishna, Chairman & CEO of IBM, is a visionary leader who has propelled the technology giant into a new era of innovation and success, earning him the 8th position on the HSBC Hurun Global Indians List 2024. Since taking the helm in 2020, Arvind has redefined IBM’s strategic direction, focusing on hybrid cloud computing and artificial intelligence to cement its position as a global leader in enterprise technology.

Vimal Kapur, the Chairman & CEO of Honeywell International, claims the ninth spot on the HSBC Hurun Global Indians List 2024. Vimal has been instrumental in driving the company’s focus on advanced technologies, fostering innovation in automation and energy efficiency. His strategic efforts have solidified Honeywell’s position as a global leader in industrial transformation, aligning the company with evolving market demands and sustainable growth opportunities.

Kevin Lobo, Chairman & CEO of Stryker, ranked 10th on the HSBC Hurun Global Indians List 2024, is celebrated for his visionary leadership in the medical technology sector. Kevin has driven the development of ground breaking healthcare technologies and expanded the company’s global reach. His leadership style fosters inclusivity, operational excellence, and a commitment to improving patient care, solidifying Stryker’s position as a leader in the healthcare industry.