Karsanbhai Patel: "Sbki Pasand Nirma”
When it comes to the best rags to riches stories of Indian entrepreneurs, Karsanbhai Patel's is an encouraging example. He founded Sbki Pasand Nirma, one of India's biggest detergent brands at a time when MNCs controlled the entire detergent market. He started his career by producing detergent in his backyard and going door to door selling his own product. In his early days, he supplied a 1 kilogram box of detergent for Rs. 3.5, when the cheapest packet accessible in stores cost Rs. 13 per kg. He also provides a cash-back guarantee to reassure the consumer.
He soon identified his customer base, demonstrating his exceptional entrepreneurial abilities. Also, Patel's market strategy was simply brilliant. He took a risk by clearing all Nirma stocks to create the market, and for a month, he only advertised Nirma. His efforts paid off, as the advertisements became a sensation, resulting in a large consumer base for the business. Patel saturated the market with Nirma, which has now become synonymous with detergent powder.
Sid Naidu: Sid Productions
Sid's story is one of the greatest rags-to-riches stories of Indian entrepreneurs, and it is both emotional and inspirational. At the age of eleven, he lost his father. To assist his family, Sid began hawking newspapers before school. He used to earn Rs 250 every month. The home's financial status was dismal.
Sid Naidu aspired to work in the fashion industry and become a model. However, becoming a model seemed even more out of reach at the time. After completing class 10, he began working as an official body, earning a meager Rs 3,000 per month. After ten years of hardship, he decided to become an entrepreneur and use the network of fashion industry players he had gradually developed. He founded Sid Productions, which specializes in fashion shots, art direction, print ads, television commercials, model grooming, and other projects.
Rahul Narvekar: Origins in India
Indianroots founder Rahul Narvekar is a prime example of a "rags to riches" tale. In the beginning, he had to work as a delivery boy, ward boy, pay tuition, and perform numerous other menial tasks in order to pay for his studies.
Rahul was one of the most intelligent students in college, but he switched schools frequently because he could not afford his tuition. Nevertheless, he finished his bachelor's degree and enrolled in an entrepreneurial school for businesses. Following the completion of his college education, he joined Asia's first music channel, Oxygen, which ultimately failed, and worked for TSN.
Later, he co-founded the eCommerce site fashionandyou.com, but he was forced to leave it because of personal problems. Rahul contacted NDTV at that time because the channel was interested in launching an internet store to sell traditional and ethnic Indian clothing. Rahul then started indianroots.com, which broke even in the first eight months of its operations.
Bolla Srikanth: Bollant Industries
Srikanth was blind from birth. The village's neighbors advised his parents to smother him when he was born. It was preferable to the suffering they would experience forever. Many others remarked that he is an eyes-blind useless infant. It is a sin to be born blind. Twenty-three years later, Srikanth is steadfast in his belief that if the world sees me and Srikanth, there is nothing you can do, and if I look back at the world, I can accomplish anything.
Currently, Srikanth is the founder and CEO of Bollant Industries, a Hyderabad-based company that uses workers with disabilities and lack of education to create disposable consumer packaging solutions that are environmentally friendly and valued at Rs 50 crore. He views himself as the luckiest guy alive - not because he is a millionaire now, but rather because his parents raised him without consulting anybody else's counsel.
Kailash Katkar: Quick Heal
Kailash Katkar, one of the most well-known "rags to riches" stories of Indian entrepreneurs, came from quite modest beginnings. Due to his lack of specialized knowledge in his studies, he decided to pursue employment following graduation. In a repair shop, he began as a radio and calculator repairer.
He gained significant accounting skills in addition to technical knowledge from this position, which was really beneficial. He quickly gained control over his foolishness and made the decision to launch his own company. In addition, he opened his own calculator repair business.
Kailash Katkar made the decision to enter the software industry at that time after being affected by the just merging software boom. Along with his repair company, he began by providing CAT computer services. Kalish discovered that many of the machines that were being brought in for repairs during these days were contaminated with the virus.
After having an epiphany, Kailash convinced his younger brother, a computer science engineer, to start making antivirus software. One of the least expensive solutions available, Quick Heal, the program that was developed, was sold for Rs. 700. And he continues to develop after that. They currently operate in more than 50 countries worldwide.
PC Mustafa: ID New
One of the Top Rags to Riches Stories of Indian Entrepreneurs is the tale of a coolie's son. Mustafa failed his sixth-grade class because he had no interest in studying.
However, he retook the exam and did well. With perseverance and hard effort, he eventually overcame all obstacles to enroll at NIT Calicut. He enrolled in the MBA program at IIM Bangalore because he wanted to further his education. In collaboration with his cousins, he opened a Kirana business around that time. He once spotted a woman purchasing cheap, unpackaged butter while he was in the store.
He made the decision to offer packaged food, and he made an initial financial investment in the venture. He starts off by preparing butter and giving it to the participants as an experiment. The goal was to get customer input and adjust it to suit their preferences. Their firm was launched with Malyali Kirana's assistance. They never looked back after that. His business is still expanding and already sells its goods in eight places. However, everbody doesn't have a rags to riches story. But, it is imperative and duty of every individual to be financially sound be it by learning the nitty gritty of the financial planning or by partnerning with a prominent financial advisors.
