Gurgaon-residents Tushar Jain and Prateek Jain, software engineers by profession, and Shradha Vishwas, who hails from Kolkata, were arrested, SSP DK Dubey said, adding two other accused managed to flee.
He said Vishwas and Prateek Jain were live-in partners and stayed in Gurgaon.
The accused told police they had planned the kidnapping to establish a factory in a foreign country with the ransom money.
They also said they had planned to kidnap children of other businessmen from Delhi as well.
He said the kidnappers made their first ransom call on the night of February 22 and demanded Rs 2 crore - Rs 23 lakh as first instalment and the rest after safe return of Atishay.
The relatives paid Rs 23 lakh in Gurgaon yesterday.
Meanwhile, police were trying to locate the captors using surveillance technology. After taking the ransom last night, the accused were fleeing to Haridwar when the police captured them.
Praising the work done by the police team, the DGP announced that Meerut range IG Lakshmi Singh, SSP DK Dubey and City SP Om Prakash would be given a cash reward and citation.
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