Having begun as a freelancing pro when only ten years of age, Lakshay now helms Mascan, a digital asset pure-play company, the monthly unique users of which have skyrocketed to over 100 million.

4. Subodh Kaushik (17) – CEO of Shopeepie

Subodh is the CEO of Shopeepie.com and is the person who quickly made this brand an eight-figure company demonstrating creative thinking and determination in the fashion industry.

5. Trishneet Arora, Founder of TAC Security Solutions (26)

Trishneet Arora’s journey defies the conventional path to success. Branded a failure by typical academic standards, he flunked his Class 8 exams and later dropped out of school. Even after enrolling in a distance education program, he couldn’t clear his Class 12 exams.

But setbacks didn’t stop him. At just 19, in 2013, Trishneet founded TAC Security Solutions—a company specializing in vulnerability assessment and penetration testing. Today, he stands among India’s youngest ethical hackers and is a respected name in cybersecurity.

He has authored two books, Hacking Talk with Trishneet Arora and Hacking with Smart Phones, sharing his knowledge and passion for ethical hacking.

Trishneet’s achievements have earned him spots on the Forbes 30 Under 30 and Fortune 40 Under 40 lists. He was named Entrepreneur of the Year in 2020 and is even the subject of a biopic. His expertise supports major institutions like the CBI, Punjab and Gujarat Police, and Reliance Industries.

While many would have given up, Trishneet stayed true to his belief: “I believe in showing my plans in reality rather than speaking about them.”

Challenges Encountered by Young Entrepreneurs

Despite their passion & noteworthy achievements, most of these Young entrepreneurs in India face several challenges:

• Fear of Failure: Most are reluctant to venture out because of possible failures
• Limited Access to Capital: Access to funds is a major challenge for most startups.
• Regulatory Hurdles: Complex laws can be overwhelming for new entrants.
• Market Competition: Innovation and perseverance are needed to stand out in a highly competitive market.

Government and Institutional Support

Given the potential of the youth to become entrepreneurs, different programs have been established:

• Startup India Initiative: This Initiative gives startups the possibility to get tax benefits, find funding, and have regulations simplified.​
• National Social Entrepreneurship Forum (NSEF): NSEF backs social enterprises that are youth-driven and entrepreneurial.
• Entrepreneurship Education in Schools: As a result of entrepreneurship being taught in the curriculum, students learn entrepreneurial skills hence nurturing a start-up mindset at an early age.

The Road Ahead

For India to take full advantage of the demographic dividend, the most significant condition is to create an atmosphere next to young entrepreneurs to do business. It is a matter of

• Boosting Access to Money: Opening up new venues for financial backing that is personalized and fits young innovators.
• Weakening the Red Tape: Regulations that are more suitable for startups and enable them to carry out all the legal aspects of their business.
• Leadership Direction: Linking fresh entrepreneurs to experienced mentors who would offer them guidance.
• Instilling the Spirit of Entrepreneurship: Inspiring young people to take risks and persevere through education and societal support.

Why India Needs More Young Entrepreneurs

India is the country with the highest number of young people in the world. It is a great domino effect for the country. To gain the full benefit from this demographic dividend the youth should be encouraged to lead, not just to follow.

The young businesspeople of India, on the other hand, come to the business table with high levels of enthusiasm and newer and more innovative ideas. They are the real people who can solve our problems. They form a very good understanding of the next generation. Either the construction of eco-friendly, the design of tech apps or the betterment of the supply chain-young people are the prime movers of these types of actions.

Also, enterprises run by youth mainly concentrate on the social impact. These startups are not only profit-seeking but also want to change the world. There are many examples of youth who are either doing or planning to solve real-life problems, starting from the absence of clean water to the unavailability of education in rural areas.

If the young citizens are decision-making authorities, the economy will develop. The employment will occur. The innovation will be in full swing. In addition, such a move would change our country from one whose citizens search for jobs to one that creates jobs. That is the reason why India wants to have more young entrepreneurs.

Traits That Define Young Entrepreneurs in India

What characteristics make this new generation of entrepreneurs remarkable? Read below:

• Passion: They genuinely believe in their work. Most of them start businesses according to their likes, hobbies, and passions.
• Risk-taking mindset: New generation founders are more daring, unlike old ones. They are open to the idea of taking big chances.
• Tech-savviness: They are familiar with mobile phones and the internet from an early age. This gives them a good platform for using digital tools.
• Adaptability: If there is a need to change a product idea or a business model, they make changes quickly. They are good at adapting.
• Purpose-driven: The manner of going green, changes in the educational sector, or solving health issues mean more to them than just money-making.

These traits are the main factors that influence young entrepreneurs in India differently. They are fearless and true innovators who are ready to change the world with better ideas.

Conclusion

The young entrepreneurs in India are not waiting for the right time, they are making their businesses. They are solving, doing, and manufacturing new opportunities. Through solving problems and strengthening the systems' capacities, India can guarantee that young people will be the driving force of the nation's economic growth and innovation.