Four Indians named by Fortune in the list of 40 most powerful people in business under 40
Fortune has announced its list of the 40 most powerful people in business under the age of 40, which includes 4 Indians. The Indians include the co-founder of Snapdeal, which is known to be India’s largest online marketplace, and a Harvard University Professor.
The Fortune’s 2014 ’40 under 40′ list named the co-founder of the ridesharing service company Uber, 38 year old Travis Kalanick, and the 33 year old CEO of the community driven hospitality company Airbnb, Brian Chesky, as the toppers of the list.
Mark Zuckerberg, the 30 year old Founder and CEO of Facebook got the 2nd position and Matteo Renzi, the 39 year old Prime Minister of Italy, got the 3rd position in this list of super achievers, who “don’t like limits, and they don’t like being told no.”
Among the Indians on the list, Economics Professor at Harvard, Raj Chetty, was ranked the 16th position. CEO and co-founder of Micromax, Rahul Sharma, got the 21st rank. CEO and co-founder of Snapdeal, Kunal Bahl, achieved the 25th rank, and Vijaya Gadde, the General Counsel of Twitter, got the 8th rank. She is also the only woman on the company’s executive team.
The co-founder and CEO of WhatsApp, 38 year old Jan Koum, featured on rank 5 in the list. CEO of Yahoo, 38 year old Marissa Mayer, was ranked 6, The President of the New York Stock Exchange, 38 year old Tom Farley got the 7th rank, and the co-founder and CEO of Twitter, 37 year old Jack Dorsey, was ranked 11 in this list.
Born in New Delhi, Chetty always had his focus on economic ability and is known to be an “economist on a breakout streak”. He worked on the “value-added” of teachers, and won the prestigious MacArthur Foundation “genius grant” in the year 2012. This was after President Barack Obama cited his research in the State of the Union Address.
In the year 2013, Chetty was awarded the John Bates Clark Medal, also known as the “baby Nobel”, which is given to the best economist under the age of 40. He earned his Ph.D. by the age of 23 at Harvard, and is now overseeing a staff of 10 researchers. This is a job that “he does not take lightly”.
He said to Fortune, “My biggest nightmare is always that someone is going to have made an error in the thousands of lines of code that are involved in these projects and that feeds into some public policy thing.”
37 year old Sharma started an IT software company and named it Micromax. He then started making cheap cell phones, which turned out to be his “winning formula”. They have a month long battery life, which was even better. The handset sales have grown from 10,000 to 36 million since the company founded in the year 2009. The revenue was said to hit USD 500 million in the year 2013.
Bahl co-founded Snapdeal with his friend, Rohit Bansal, and the company went on to be the largest selling online marketplace on India.
39 year old Gadde played a big role in Twitter’s international expansion, when most countries were banning the services. In the recent years, she had helped the company in one of the most anticipated initial public offering.