Success Stories In Business
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Success Stories In Business
Can you imagine a business reaping success from the day it started? Most of us aim for this ideal scenario but it takes long term commitment to the business to get appreciation from the people which make it a success. Nobody can predict that a small idea can take over the entire stake in an Industry where existing businesses are failing. There are many examples of ventures that gave this world a lateral way of thinking but one such business idea inspires us to write of its success.
In 1980 in the city of Mumbai Indias business capital an idea changed the way of thinking of moderately educated people in doing business the trend called Dabbawallas. The idea of delivering a Tiffin Box within the highly populated Mumbai Suburb at peak hours with accuracy is acclaimed by many successful organizations. The Dabbawala one who carries a Tiffin box is on average an Indian man educated till only 8th grade in school. His task involves delivering fresh food to offices during Lunch and Dinner hours. His error rate is 1 in 16 million transactions giving Six Sigma performance without technological backup. Surprisingly the turnover of the organization is approximately INR 50 Crore Per Annum. The organization is noted by Guinness Book of World Records Ripleys Believe it or not for the World record in best time management. source: www.mydabbawala.com
On the other end of Indias social scale there are people with technical knowledge management skills and university degrees who have created several successful companies from the ground up. Naukri.com Subhiksha Retail Globals Inc. and CalvinKare are to name a few.
Naukri.com the premier job portal in India was founded by a graduate without any business background Sanjeev Bikhchandani. In the late 90s Sanjeev grabbed the opportunity of making available job appointments online for job seekers and employers at a time when the only medium for such appointments were Newspaper or Print media. The long struggle and exhaustive utilization of resources paid up resulting in the company now being listed in the Stock Exchange.
CavinKare CK is renown in India for its variety of fast moving consumer goods FMCG. The chairman and MD C. K. Ranganathan showed the world that it is possible to beat the multinationals in the exhaustive market of FMCG. The concept of sachet packaging introduced in a product range like talcum powder and shampoo attracted its own audience and market. The Chick Shampoo brand became a grand success in both rural and urban India. In Tamil Cavin signifies beauty and grace as do the rest of Indias CK Brands. The business started in a small village of Tamilnadu with initial investment of Rs.15000 that is worth Rs.500 Crore Rs.5 billion today.
Subhiksha Indias largest retail chain was created by a graduate from IIT Madras now Chennai who acted against his familys advice by deciding to stay in his home country to start a business rather than immigrate to the US. R. Subramaniam MD of Subhiksha Retail started his retail business in the 90s with the motto why pay more when you can get it for less at Subhiksha? Keeping the business local by employing management regionally and running the business according to local trends specific to the region has proved to be a successful model for Subhiksha which now has 500 plus stores across India.
So at what age should you start your own business? This question is answered differently by all entrepreneurs but when a 13 year old boy launched his first website and started his own company aged 14 most opinions have no meaning.
Suhas Gopinath fascinated by the Internet in the 90s launched his first website coolhindustan.com aged 13. At 14 years of age Network Solution a company in San Jose Silicon Valley invited this talent to join their team. Suhas declined the job offer and decided to become his own boss but faced many obstacles due to his age factor. He successfully registered his company Globals Inc in San Jose which specializes in Web Design and Software. Today the Boss is 21 and employs a team of around 400 people of the same age group as himself. Globals Inc has 200 customers across the world. Suhas is recognized as the Worlds youngest CEO in the Guinness Book of World Records.
Such stories will continue for Indian entrepreneurs as the Indian economy proves favorable for business startups. So if you have an Idea just explore it who knows you could top Indias list of achievers and successful businesses.
About the writer:nbsp;nbsp;pitchINDIA.com is an online business introductory service which connects global angel investors and VCs to entrepreneurs in India. Looking to invest in India? Visit: www.pitchindia.com.
You can reach the author at vivekpitchindia.com
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