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Fortune India Magazine - March 2026

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In this issue

SPECIAL ISSUE: INDIA’S BIGGEST UNICORNS
Fortune India’s first-ever listing of India’s Biggest Unicorns celebrates the power of Indian enterprise. Based on Tracxn data, this definitive list of unicorns is based on valuations emerging from the latest funding round within the past three years, since we realise valuations can be volatile. Hence, this list is both current and presents the latest picture of the enterprises.
The growing number of unicorns in India highlights the power of the country's startup ecosystem. As more and more of them take the public market route, they add to investor wealth and help power India’s journey towards Viksit Bharat by 2047.

ALI GHODSI, CEO, DATABRICKS, RANKED AS THE WORLD'S SEVENTH MOST-VALUED PRIVATE COMPANY WORTH $134 BILLION, SHARES HIS VIEWS ON THE MIDDLE GROUND IN THE AI ERA AND WHY THE POTENTIAL IN INDIA, BOTH AS A TALENT POOL AND MARKET, REMAINS UNMATCHED.

The way I see it, there are three paradigms playing out in the AI world.

9 mins

AN IRANIAN CHOKEHOLD

FROM OIL PRICES AND SHIPPING ROUTES TO DEFENCE SUPPLIES AND AN INDIAN DIASPORA-RICH MIDDLE EAST, THE U.S.-ISRAEL-IRAN CONFLICT COULD HAVE A CASCADING EFFECT ON NEW DELHI.

3 mins

THE AI TURNING POINT: AT THE INDIA AI IMPACT SUMMIT 2026, WHICH BROUGHT TOGETHER MORE THAN 100 GLOBAL LEADERS ON A SINGLE STAGE, NEW DELHI STAKED A CLAIM TO TECHNOLOGY LEADERSHIP WITH A STRESS ON HUMAN-CENTRIC AI.

“INDIA HAS DIVERSITY, demography, and democracy. Any AI model that succeeds in India can be deployed globally. Therefore, I invite all of you.

4 mins

AN INEVITABLE STRUCTURAL SHIFT: WHILE INDIA'S IT SPACE IS EXPECTED TO HIT $315 BILLION IN REVENUE IN FY26, THE NEXT FISCAL WILL TEST THE INDUSTRY'S ABILITY TO ALIGN AND ADAPT TO GEOPOLITICAL VOLATILITIES, AN AI-LED DISRUPTION, AND TALENT PREPAREDNESS.

A FEW WEEKS ago, at the company’s Investor AI Day 2026, Infosys chairman Nandan Nilekani shrugged off the opportunity threat posed by AI.

3 mins

A SONNET FOR INDIA: WITH IRINA GHOSE AS THE COUNTRY HEAD, ANTHROPIC IS LOOKING AT INDIA AS THE RIGHT TEST BED FOR AI ADOPTION AT SCALE.

ANTHROPIC PBC’S CEO and co-founder Dario Amodei delivered a sharp keynote at the India AI Impact Summit in New Delhi.

4 mins

HE CAME, HE SAW, HE DELIVERED: TUHIN KANTA PANDEY'S ONE YEAR AS SEBI CHIEF HAS BEEN ALL ABOUT REBUILDING CONFIDENCE AND INVESTOR EMPOWERMENT.

ONE YEAR IS too short a time frame to assess a regulator's performance, but Tuhin Kanta Pandey's one-year tenure as chairman at the Securities and Exchange Board of India (Sebi) has been decisive and far-reaching. While his predecessor's tenure was reform-oriented, it wasn't devoid of controversies.

1 mins

TREMORS AT TATA

NOEL TATA IS IN FAVOUR OF KEEPING TATA SONS PRIVATE; N. CHANDRASEKARAN IS SEEKING UNANIMOUS SUPPORT FOR EXTENDING HIS TENURE. AND THE STORY IS STILL UNFOLDING.

7 mins

THE ASCENT TO CONQUER DUOPOLY

MORE THAN THREE AND A HALF YEARS SINCE ITS FIRST FLIGHT, AKASA IS TAKING SLOW BUT STEADY STRIDES TO BECOME THE THIRD FORCE TO RECKON WITH IN A MARKET DOMINATED BY INDIGO AND AIR INDIA.

10+ mins

TIGER ON THE PROWL

FROM BEING THE NATION'S SHOEMAKER TO MAKING A FASHION STATEMENT ON THE RAMPS OF THE MILAN FASHION WEEK, JAPAN'S ONITSUKA TIGER IS ON A JOURNEY OF REPOSITIONING ITSELF AS A MADE-IN-JAPAN LUXURY BRAND.

8 mins

RENAULT'S SECOND GEAR

How the French automobile major built itself, failed, and is now attempting a reboot in India.

9 mins

BEYOND BLUE

ARVIND'S NEXTGEN IS TAKING CHARGE-FUELLING INNOVATION, SCALING FAST, AND POWERING GROWTH.

10+ mins

THE UNICORN EXPRESS

AS MATURE STARTUPS TAP PUBLIC MARKETS IN INDIA, THE TRUE LITMUS TEST WILL NO LONGER BE IN SCALE ALONE BUT THE ABILITY TO DEMONSTRATE DURABLE BUSINESS MODELS.

6 mins

IPO BOUND FUTURE READY

PHONEPE WAS ACQUIRED BY FLIPKART IN 2016 FOR AROUND $20 MILLION. NOW, ITS IPO WILL SEE WALMART'S PARTIAL EXIT, BUT WITHOUT CEDING CONTROL.

6 mins

ALL SET FOR THE IPO SQUARE-OFF

ZEPTO'S SUCCESS COMES FROM ITS LARGE NETWORK OF DARK STORES IN LOCAL NEIGHBOURHOODS. WITH AN IMMINENT IPO, IT IS TAKING THE QUICK COMMERCE RACE AGAINST ZOMATO AND SWIGGY TO THE PUBLIC MARKET.

5 mins

DECODING BHARAT'S SOCIAL MEDIA CODE

IN A MARKET WHERE SCALE OFTEN PRECEDES SUSTAINABILITY, SHARECHAT REVERSED THE ORDER. AFTER CUTTING ITS SERVER COST PER USER PER YEAR TO ONE-THIRD, IT IS NOW IN A 'BUILD MODE' AS IT CHASES TRAFFIC AND ENGAGEMENT TO MONETISE BETTER.

5 mins

ROOMS, RESCALED REIMAGINED

HOW OYO IS REDEFINING GLOBAL HOSPITALITY THROUGH PREMIUMISATION, TECHNOLOGY, AND DISCIPLINED GROWTH.

6 mins

BANKING ON GOOD CREDIT

CRED, KUNAL SHAH'S SECOND STARTUP, IS DRAWING LESSONS FROM HIS EXPERIENCE AS AN EARLY FINTECH MOVER TO BUILD A BUSINESS FOCUSSED ON HIGH CREDITWORTHY AND FINANCIALLY-AWARE INDIVIDUALS.

6 mins

THE MOBILITY VANGUARD

HOW RAPIDO IS BETTING ON BUILDING INDIA'S LARGEST GIG RIDE ECONOMY THROUGH A FLAT-PRICING SaaS MODEL.

6 mins

SOLVING THE SKILLING GAP

ONLINE EDUCATION IS THE ONLY WAY INDIA CAN SKILL ITS PEOPLE AND MAKE THEM JOB-READY, SAYS RONNIE SCREWVALA, FOUNDER, UPGRAD.

6 mins

WHAT'S COOKING? THE RECIPE FOR SUCCESS

FROM A HUMBLE WRAP SHOP IN PUNE TO A GLOBAL MULTI-BRAND POWERHOUSE, REBEL FOODS IS REWRITING THE RULES OF THE CULINARY WORLD.

6 mins

THE DIGITAL DOCTORS

API HOLDINGS IS REDEFINING OUTPATIENT DIGITAL HEALTHCARE, AND IT HAS ONLY JUST BEGUN.

7 mins

REPS, REVENUE, AND REINVENTION

AS INDIA'S FITNESS MARKET GEARS UP TO DOUBLE BY 2030, CULT.FIT IS COMBINING ACQUISITIONS, DISCIPLINED EXPANSION, AND COMMUNITY-LED PROGRAMMING TO CONVERT AWARENESS INTO A LASTING HABIT—AND SUSTAINABLE GROWTH.

6 mins

THE TECH ERA IPO RUSH

RETAIL INVESTORS EYEING MATURING STARTUPS HAD TO JOSTLE FOR AN IPO HERE OR A UNICORN THERE. THE WAIT COULD END SOON.

6 mins

SMALL TOWNS, BIG IDEAS

WITH CLOSE TO 50% OF INDIA'S STARTUPS OPERATING FROM NON-METROS, TIER II AND III CITIES ARE BECOMING BUDDING GROUNDS FOR ENTREPRENEURS.

8 mins

THE SAVANTS OF CHANGE

HOW BENGALURU BROTHERS NIKHIL AND NITHIN KAMATH ARE REDEFINING WEALTH CREATION BY BOLD STARTUP BETS, STRATEGIC CAPITAL WITH RAINMATTER, AND NURTURING CLIMATE WARRIORS THROUGH THE FOUNDATION.

10+ mins

HOW VICTORIA'S SECRET GOT ITS SEXY BACK

DETERMINED NOT TO REPEAT THE BRAND'S PAST MISTAKES, CEO HILLARY SUPER IS SHEDDING THE BODY-SHAMING AND THE PERFORMATIVE BOX-CHECKING-BUT NOT THE WINGS, GLAMOUR, AND GLITTER.

10+ mins

Residences, Reimagined

Branded residences are redefining aspiration, melding prime real estate with iconic hospitality and luxury brands.

5 mins

HISTORY AND HIGH POLISH

At The Oberoi Concours d'Elegance 2026, the past did not stand still-it glided through Udaipur in chrome and ceremony.

4 mins

WHERE SCIENCE MEETS CONSCIENCE

In a time when science is no longer confined to laboratories but woven into everyday anxieties such as pandemics, cancer care, food security and ethics, her work is immediate.

5 mins

DRIVING EMPOWERMENT THROUGH COMPASSION AND EMPATHY

In a world defined by speed, disruption, and constant change, calm has become a rare currency. For communities living at the margins, that calm is not a luxury—it is a necessity. It is in this space that Ritu Prakash Chhabria has quietly but firmly built her life's work: creating systems of care that restore dignity, offer opportunity, and enable people to shape their own futures.

4 mins

INSPIRATIONAL WOMEN LEADERS

Shaped by Challenges, Protected by Industry and Resilience

2 mins

REDEFINING NEW-GENERATION LEADERSHIP IN INDIAN PHARMA

In pharmaceuticals, performance is measured in numbers, but leadership is measured in judgement. For Shivani Wagh, Joint Managing Director of Supriya Lifescience Ltd, success is not a headline figure. It is the ability to make decisions that protect quality, strengthen systems and build long-term credibility.

2 mins

A LEADERSHIP ROOTED IN COMPASSION, DRIVEN BY PURPOSE

Anchored in compassion, driven to build leadership that delivers lasting impact.

2 mins

NURTURING VALUES IN A CHANGING WORLD: An educator's perspective on four decades of transformation

With over four decades of experience in education, Dr. Urmila Sharma ( Director, Arwachin Group of Schools) brings a rare perspective shaped by witnessing the evolution of Indian schooling across generations.

2 mins

Driving experience and outcomes through excellence and trusted execution

Cyopiring WOMEN LEADERS: SUMA DEVI DASH → DIRECTOR, ASHWINI GROUP

2 mins

The Art of Colour, Courage, and Conscious Creation

Bharati Shah's practice is guided by instinct sharpened through experience. Her paintings are marked by bold cubist compositions, layered abstractions, and a fearless command over colour.

2 mins

The Power of PURPOSEFUL REINVENTION

For Sanjana Bhajanka, reinvention was never about abandoning one identity for another – it was about expanding into all that she could become.

1 mins

WHEN WOMEN LEAD, FUTURES FLOURISH

inspiring WOMEN LEADERS- Dr. NEELAM MALIK DIRECTOR, ARYAGLOBAL GROUP OF SCHOOLS

2 mins

BLANK CHEQUE FOR THE FUTURE

How Two Women Are Reimagining India's Classrooms — One Hybrid School at a Time

3 mins

IMMERSIVE EXPERIENCES FUSED WITH EMOTION, MEMORY, PRESTIGE, PERSONALISATION

India’s wedding planning market was valued at USD 6.42 billion in FY2024, and expected to reach USD 16.53 billion in FY2032, with a CAGR of 12.55% for the forecast period FY2025-FY2032.

2 mins

Inspiring young adults to seek professional excellence

As India's journey towards Viksit Bharat is increasingly being propelled by global market disruptions, there's a growing need for educational institutes to ensure the preparedness of their students to embrace these sweeping changes.

2 mins

NURTURING A LEGACY OF TRANSFORMATIONAL EDUCATION FOR NATION BUILDING

Leadership has always played a pivotal role in the outcomes of India's business schools. This is even more relevant today, given the growing clamour of sustainability and staying the course as an institute of global worthiness.

2 mins

GROUNDED IN A PROFOUND VISION

Advancing healthcare in the 'Pink City' or Jaipur, served as an abiding reminder of her connection to her native roots for New York -based Manju Sharma.

2 mins

MINING THE POWER AND PRIVILEGE OF EDUCATION

The idea of becoming an educator came early to Priyanka Mukherjee, Academic Head Narayana Group of Schools, West Bengal.

2 mins

From transformative wellness to Triva- A WELLNESS MOVEMENT

Deepika Chalasani, Clinical Nutritionist, Mind-Body Transformation Coach, TEDx Speaker, and Fit India Ambassador who has spent over two decades redefining how Indians approach health.

1 mins

THE HUMAN FACE OF HOLISTIC WEALTH MANAGEMENT

As ascertained by Deloitte India's latest report, \"Financial Wealth Management Services in India\" there's a remarkable US$1.6 trillion AUM growth opportunity for wealth management service providers between FY24 and FY29. Directing this growth are shifting macroeconomic trends, rising income levels and changing investment behaviours across customer segments.

2 mins

A SOULFUL JOURNEY OF Compassion, Courage, and Conscience in Nation-Building

A life dedicated to a capacity to transform societal mindset at scale peacefully, inclusively, and permanently. This is Dr. Sudha Kankaria, truly a role model for those who seek to lend a hand in co-founding the future trajectory of India's development and growth

2 mins

TURNAROUNDS AND TIGHT TRAJECTORIES FOR SUCCESS

Her entrepreneurial spirit has been pivotal in shaping the outcomes of running cancer hospitals in South India under the umbrella of Healthcare Global Enterprises.

2 mins

Scripting An Ode to Heritage and Modernity

Jewellery in India is a fabulous artform which bridges beauty, belief and emotional connectivity, thus giving it the significant importance it has held for its people and inspired for over 5000 years.

2 mins

PROPELLING FLEXIBILITY, INSPIRATION AND PURPOSE IN A CHANGING GLOBAL COACHING LANDSCAPE

Breaking through those unseen barriers of a male-dominated world is a reminder of that great challenge she took on to enter the Coaching Services industry in India.

2 mins

A ROADMAP FOR ENTREPRENEURIAL ENGAGEMENTS

Her lateral thinking, ingenuity, purpose, and a grasp of contemporary needs are seamlessly rooted in traditional Indian values of leading lives of purpose and impact. Therein lies the inspiration that has led Ms. Silky Jain's odyssey in education management and entrepreneurship.

2 mins

Read all Stories from Fortune India

Fortune India Magazine Description:

Publisher: Business-Media-Pvt-Ltd

Category: Business

Language: English

Frequency: Monthly

Fortune India, is your ultimate guide to business, economy, and leadership. From corporate power moves to disruptive startups, Fortune India bring you deep insights, expert analysis, and inspiring success stories that shape India’s financial and entrepreneurial landscape.

1. Business & Economy – Exclusive reports on market trends, policy shifts, and economic developments. 

2. Leadership & Strategy – Meet the CEOs, founders, and visionaries redefining industries. 3. Wealth & Investment – Smart strategies for investors, market insights, and expert financial advice.

4.  Tech & Startups – The latest in AI, fintech, and innovations driving India’s growth story.

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