He Built ₹13 Crore at 24. What He Did With His Money Next Is Turning Heads

BENGALURU — Demonstrating the rapid rise of India's Gen Z tech generation, 24-year-old entrepreneur Akash Narayan has purchased a luxury apartment valued at Rs 1.8 crore near Electronic City in Bengaluru. The acquisition follows the commercial success of his legal-tech venture, Legalit, which currently records an annual gross revenue of approximately Rs 13 crore.

The milestone has drawn widespread attention across digital platforms, not only for the founder's young age and financial trajectory, but also for an unconventional approach to sharing the achievement. Rather than posting traditional real estate tours, Narayan dedicated his public announcements to recognizing the family members, mentors, and early team members who supported his turbulent journey from a challenging household background to tech leadership.

From Early Coding to Legal-Tech Expansion

Narayan’s entrepreneurial path began long before founding Legalit in December 2023. Having built early Android applications recognized by major technology firms during his school years, he navigated diverse roles across software development, political consulting, and business growth before establishing his core practice-management platform tailored for lawyers and law firms.

According to corporate disclosures and media interactions, the newly purchased property is located within the Casagrand Vivacity residential development near Bengaluru's IT corridor. Key parameters of the purchase and real estate integration include:

• Property Valuation: The residential unit is valued at approximately Rs 1.8 crore, with possession slated for April 2027.

• Business Scale: Legalit has expanded rapidly, achieving an annual gross revenue milestone of Rs 13 crore.

• Collaborative Support: The founder credited his early development team for taking a calculated risk on an unproven product and an inexperienced founder.

Official Sources Section

• Legalit Corporate Disclosures: Company operational updates, growth trajectory, and foundational revenue milestones.

• Casagrand Project Documentation: Real estate specifications for the Vivacity residential development near Electronic City.

Quote Section

According to statements shared publicly by startup founder Akash Narayan regarding his recent real estate purchase:

"At 24, I just bought my first apartment. Looking back, this milestone isn't just mine. It belongs to my family, my mentors, my team, and the friends who kept me grounded through every step of the journey."

Why It Matters

For India’s burgeoning startup ecosystem and young professional workforce, Narayan's trajectory highlights how modern technology founders are achieving rapid commercial scaling outside traditional venture capital bottlenecks. Furthermore, the narrative emphasizes the mental health and supportive foundational pillars required by first-generation entrepreneurs navigating high-stress corporate environments in tech hubs like Bengaluru.

Key Facts at a Glance

• Founder: Akash Narayan, age 24.

• Venture: Legalit (legal-tech software provider).

• Revenue Scale: Approximately Rs 13 crore in annual gross revenue.

• Real Estate Investment: Rs 1.8 crore apartment near Electronic City, Bengaluru.

FAQ Section

Who is Akash Narayan and what does his startup do?

Akash Narayan is a 24-year-old entrepreneur who founded Legalit, a legal-tech company providing practice management technology solutions for lawyers and law firms.

Where is the newly purchased apartment located?

The property is situated in the Casagrand Vivacity residential project near Bengaluru's Electronic City tech hub.

When is the apartment expected to be handed over?

The real estate project is currently under construction, with official possession scheduled for April 2027.

How much revenue does Legalit generate?

According to company disclosures, the legal-tech startup currently achieves an annual gross revenue of around Rs 13 crore.

Source: India Today, Hindustan Times