Successful Stories of Business Gurus
Mahesh Gupta Chairman Kent RO Systems
A mechanical engineer started in 1985, from a small room in his house with just 20,000 which he had saved from his job with IOCL.
His first invention was in the field of petroleum conservation instrument where he earned fame and half a dozen patents to his credit.
His turning Point came with the establishment of KENT RO SYSTEM in the year 1998, when he charted out on a new enterprise after jaundice gripped his son in a posh colony of South Delhi.
Knowing that jaundice is a water-borne disease, Gupta researched and analyzed all the available water purifier in the market.
He was dissatisfied with available options and decided to make a better quality purifier. After several trails, he made his own water purifier and became confident that is product is good enough to be marketed. “Coming from an engineering background, making my own water purifier was not difficult task; all I needed to do was export the components. – Mahesh Gupta
The experiment turned into success. And then I thought to bring it out in commercially in the market. I started from scratch with an investment of about 1 lac and four member team.
Today Kent has grown 40% market share in RO mineral and has turnover 580 crore and 2,500 employees.
Dhiru Bhai Ambani
India’s largest private sector company. Created an equity cult in the Indian capital market.
Reliance is the first Indian company to feature in Forbes 500 list. Dhirubhai Ambani was the most enterprising Indian entrepreneur.
His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.
Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling “bhajias” to pilgrims in Mount Girnar over the weekends.
After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.
In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India’s sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.
Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him “greatest creator of wealth in the century”.
Dhirubhai Ambani died on July 6, 2002, at Mumbai.
Karsanbhai Patel – Man behind NIRMA
The ‘Nirma’ success story of how an Indian Entrepreneur took on the big MNCs and rewrote the rules of business :
It was in 1969 that Dr. Karsanbhai Patel started Nirma and went on to create a whole new segment in the Indian domestic detergent market.
During that time the domestic detergent market only had the premium segment and there were very few companies , mainly the MNCs, which were into this business.
Karsanbhai Patel used to make detergent powder in the backyard of his house in Ahmedabad and then carry out door to door selling of his hand made product.
He gave a money back guarantee with every pack that was sold. Karsanbhai Patel managed to offer his detergent powder for Rs. 3 per kg when the cheapest detergent at that time was Rs.13 per kg and so he was able to successfully target the middle and lower middle income segment.
Sabki Pasand Nirma!
Nirma became a huge success and all this was a result of Karsanbhai Patel’s entrepreneurial skills.
The best case of – Give your consumer what he wants, when he wants, where he wants and at the price he wants, selling will be done quite automatically. This is the marketing ‘mantra’ of Nirma.
The company that was started in 1969 with just one man who used to deliver his product from one house to the other,today employs around 14 thousand people and has a turnover of more than $ 500 million.
In 2004 Nirma’s annual sales were as high as 800000 tonnes.According to Forbes in 2005 Karsanbhai Patel’s net worth was $640 million and it’s going to touch the $1000 million mark soon.
P C Mustafa ( Coolie’s Son who Set Up 100 Crore Company with just 25,000 )
This is the story of a man who failed in Class 6, but went on to join the Regional Engineering College (now the National Institute of Technology), Calicut and the Indian Institute of Management-Bangalore.
This is the story of a man who decided to become an entrepreneur and employ people from rural India.
Today, fresh idli and dosa batter made by P C Mustafa’s company ID Fresh reaches homes in Bengaluru, Chennai, Pune, Mumbai, Delhi, Hyderabad, Mangaluru and even Dubai.
Today, we produce around 50,000 kg in our plant. The total investment must be around Rs 4 crore (Rs 40 million) and our revenue is Rs 100 crore (Rs 1 billion).
When we became a Rs 100 crore company in October 2015, we celebrated in grand scale. We have grown from producing 10 packets a day in 2005, with just my cousin managing the kitchen, to 50,000 packets a day with 1,100 employees in 10 years.
Ramesh Babu, the barber who owns a Rolls Royce
Bangalore resident Ramesh Babu, is a star in his own league who runs the business of cutting and styling hair. He is an ordinary businessman, with an extraordinary wealth. He is a billionaire and owns a rent-a-car fleet of 67 alternative cars.
At the moment his fleet consists of around 200 cars, vans and mini-buses, including imported vehicles—a Rolls-Royce Silver Ghost, Mercedes C, E and S class and BMW 5, 6 and 7 series. He has a fleet of imported Mercedes vans and Toyota mini-buses.
“This is more of a passion,” he says. As for being a barber, “I will continue to be one as long as my hands are healthy.”
Amazingly, Ramesh charges Rs 75000 a day for the Rolls and his usual clients are corporate bigwigs and visiting Bollywood and Tollywood stars.