Sachin, Binny Bansal named in the 2016 Time's list of 100 most influential

Time magazine has named Sachin and Binny Bansal, founders of India's biggest e-commerce marketplace Flipkart, on its annual list of the 100 most influential people in the world.

Flipkart co-founders Sachin Bansal (left) and Binny BansalThe full list and related tributes appear in the 2 May issue of the magazine.

''We are humbled and honoured to feature in this list. This is truly a recognition of the Indian internet ecosystem and its role in using technology to solve local problems that is enabling Indians to lead a better life,'' the Bansals were quoted as saying in a statement.

''This acknowledgment validates that the path we have chosen of creating a world-class Indian internet company that delivers quality products and reliable service at an affordable price to millions of families across India. It reinforces our resolve to fast track Flipkart's mission of transforming commerce in India through technology,'' the statement added.

In its profile about Sachin and Binny, the news weekly said, ''Binny and Sachin do have modest lifestyles, by billionaire standards, but they're also nimble tacticians and hardheaded realists, and they dream big."

The list, now in its 13th year, recognises the activism, innovation and achievement of the world's most influential individuals.

Time Editor Nancy Gibbs said of the list, "The Time 100 is a list of the world's most influential men and women, not its most powerful, though those are not mutually exclusive terms. While power is certain, influence is subtle. As much as this exercise chronicles the achievements of the past year, we also focus on figures whose influence is likely to grow, so we can look around the corner to see what is coming."

Sachin and Binny have been included under the 'Titan' section of the list, a group that includes Yuri Milner, Pope Francis, Stephen Curry, Pricilla Chan, Mark Zuckerberg, Dwayne Johnson, Eli Broad, Kathleen Kenned, Wang Jianlin, Sundar Pichai, Katie Ledecky, Tim Cook and Mohammed bin Nayef.

Some of the others technology leaders who have appeared on the Time 100 most influential list in the past include Steve Jobs, Mark Zuckerberg, Bill Gates, Larry Page, Sergey Brin, Tim Cook, Steve Ballmer and Travis Kalanick.