Seven women have made it to the Fortune India’s first ‘40 Under 40’ compilation that lists individuals who have managed to grow an idea into a profitable business.

The list comprises of entrepreneurs and professionals aged 40 years and less as of December 31, 2013. ‘This is a listing, not a ranking,’ Fortune India said, adding that scions of business families were not included.

Kavita Iyer Rodrigues, Director & COO of Theramyt Novobiologics and who co-founded the first biotech startup in venture capital firm Accel Partners’ stable in 2007 got featured in the list. So was Richa Kar, Founder & CEO, Zivame.com.

The other women entrepreneurs, managers, founders in the list include: Kavita Bhupathi Chadda, Group CEO Globosport; Simeran Bhasin, India Marketing head Fastrack & New Brands, Titan Industries; Gauri Singh, Founder and Director, The Maids’ Company; Avani Saglani Devda, CEO Tata Starbucks and Neha Kirpal, Founder & Director India Art Fair.

The criteria for selection includes growth in business (market share or revenue) and where growth rates were similar, emphasis was on profitability; those who executed a business model or innovation to grow in a tough market, who have reduced the per unit cost of delivering a product or service, scaled up an idea; were able to raise capital in a difficult market, or find profitable exits, Fortune India added.

The individuals in the list are from diverse sectors although there are more tech start-ups than others.

Others in the list include Sachin Bansal & Binny Bansal — Co-Founders, Flipkart; Aprameya Radhakrishna & Raghunandan G — Co-Founders and Directors, Taxi For Sure; Naveen Tewari — Co-Founder & CEO, Inmobi; Anshuman Thakur — ED Investment Banking, Morgan Stanley India; Arun Chandra Mohan & Praveen Sinha — Co-Founders, Jabong; Mukesh Bansal — Co-Founder & CEO, Myntra; Rahul Sharma — Co-Founder, Micromax Informatics and Deepinder Goyal — Founder and CEO Zomato.

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