India’s economic boom has given life to a new “caste” of uber-rich risk-takers that are set to become even wealthier over the next decade.

A report called “Top of the Pyramid” by Kotak Mahindra Bank, a Mumbai financial group, and Crisil, the Indian ratings agency, said households with a net worth of Rs250m ($5.6m) would triple within five years to 219,000 on the back of economic growth. What’s most interesting is that many of these families will be headed by risk-on entrepreneurs,  not the safety-first conservatives that have long dominated India’s rich lists. Continue reading »

Ratan Tata, chairman of the Tata Group and doyen of Indian business, is 73.

But a younger breed of entrepreneur is beginning to break the mould that you have to be old to get to the top in India. Sindhuja Rajamaran, is celebrated in her home country as one of the world’s youngest chief executives. She is 14 years old. Continue reading »