In this new era of modern India, new billionaires are coming up not just from family legacy but from innovative and future-focused sectors. The birth of billionaires, India saw in the past was significantly higher, and that of the present was said to be the bare minimum. However, this statement might feel false to you once you read the story of the youngest billionaire of Gujarat.
The “Green Energy” man
Hardik Kothiya, co-founder of Rayzon Solar, has shown up as the youngest achiever on the Avendus Wealth- Hurun India U35 list 2025. At 31, Kothiya, along with another entrepreneur, Chirag Nakrani, had started
Rayzon Solar in 2017 in Surat with a clear vision to make India a global leader in solar manufacturing.
Rayzon Solar is now one of India’s largest solar PV module manufacturers. The company’s valuation was reported at rupees 7,000 crore. The high-quality solar panels manufactured by the company are not only used across India, but are also exported to numerous countries.
The Smart IPL Connection: CSK and Gujarat Titans
Building a Rs 7000 crore company is not just about a good product; it requires brilliant marketing. This is where Kothiya’s strategy truly shines; he links his brand with India’s biggest sports passion, cricket.
Rayzon Solar has strategically partnered with two of the most formidable teams in the IPL. They have been the official renewable energy partner for both the MS Dhoni-led Chennai Super Kings and the home team, the Gujarat Titans.
This move was a marketing masterstroke. By associating Rayzon Solar with the universally loved IPL game, Kothiya placed his brand directly in front of millions of viewers. The partnership stepped up Rayzon’s visibility, linking the concept of power on the cricket field with the solar power that his company generates. This sharp connection with CSK and GT acted as a catalyst for Rayzon Solar to transform from a B2B manufacturer into a household name, fuelling its rapid surge to a multi-crore empire.
