World News

Tag: Success story

  • Meet Man Who Used To Vend Snacks In Theatre For Rs 1000 Now Owns 5000 Cr Company; Read The Inspiring Journey

    Meet Man Who Used To Vend Snacks In Theatre For Rs 1000 Now Owns 5000 Cr Company; Read The Inspiring Journey


    New Delhi: Few tales of entrepreneurial triumph echo as resoundingly as that of Chandubhai Virani, who turned hardship into victory. When his first business venture failed, leaving him facing major financial difficulties, Chandubhai refused to give up. Instead, he saw it as a chance to start afresh. His success story demonstrates that with patience, hard work, and appropriate planning, one can overcome any obstacle and achieve great success.

    Financial Difficulties 

    Chandubhai Hirani, the founder of Balaji Wafers Pvt Ltd, grew up in a farming family in Gujrat. He used to sell agricultural products and equipment during his first business which failed just two years after. Thus, he had to face financial difficulties.

    Started New Business

    Despite facing numerous difficulties, Virani didn’t give up. Instead, he started a new business with more careful planning and commitment. Now, his company is worth crores of rupees and has expanded all across the country.

    Started making homemade chips

    Chandubhai Virani took on several small jobs, like fixing cinema seats, putting up posters, and vending snacks in a theater for Rs 1000 monthly to help his family financially. But he wasn’t satisfied with these roles and chose to launch his own business instead. He started making homemade chips, which gained popularity among the public.

    Founded Balaji Wafers Private Limited

    Chandubhai borrowed Rs 1.5 lakh from a bank and started his potato wafer business by opening the first factory in 1982. As the factory prospered, he and his brothers founded Balaji Wafers Private Limited in 1992. The company could produce 6.5 million kilograms of potatoes and 10 million kilograms of namkeen daily. Today, Balaji Wafers is a top snack manufacturer in India, offering various products and having a strong distribution system.

    Today, his company, Balaji Wafers, holds a 12 percent share in the Rs 43,800 crore snack market. It ranks as the third-largest snacks seller in India and had a turnover of Rs 5000 crore in March of last year. The company has 7000 employees, with half of them being women. They produce 3,400 kg of chips every hour.



    Source link

  • Not Neeta Ambani, This Woman Donated 110 Crores Last year; Read The Inspiring Story

    Not Neeta Ambani, This Woman Donated 110 Crores Last year; Read The Inspiring Story


    New Delhi: Renowned for their immense generosity, Shiv Nadar, Azim Premji, and Mukesh Ambani stand as pillars of philanthropy in India. Their enduring presence on the list of the country’s most charitable individuals speaks volumes about their dedication to giving back to society.

    Alongside these illustrious names, Susmita and Subroto Bagchi, a couple equally committed to making a difference have consistently earned recognition on the prestigious Hurun India Philanthropy List. 

    India’s most generous individuals

    According to the EdelGive Hurun India Philanthropy List 2023, Susmita and Subroto Bagchi rank sixth among India’s most generous individuals. The couple donated over Rs 110 crores last year. While this is a substantial sum, it is notably less than the Rs 213 crores donated by Susmita Bagchi alone the previous year. Despite their significant contributions to societal welfare, Susmita Bagchi prefers to remain out of the public eye. (Also Read: Braithwaite Secures Rs 180 Crore Order From Railways To Supply 500 Wagons)

    Personal Life and Journey

    Susmita Bagchi was born in Cuttack and she is the daughter of the renowned Odia writer Sakuntala Panda. Following in her mother’s footsteps, Susmita became a well-known author in Odia literature and established the monthly women’s magazine, Sucharita. (Also Read: RVNL’s Order Book Touches Rs 65,000-Cr Mark; Aims To Add Foreign Projects)

    After completing her post-graduation in political science she briefly worked as a lecturer at Delhi University. Susmita met her future husband, Subroto Bagchi at the age of fifteen and they got married four years later.

    Literary Debut

    Susmita’s literary debut was also featured in the magazine. Just like her mother, Susmita ventured into the field of literature. Apart from her role as a co-founder of Mindtree and a social reformer, Susmita Bagchi is recognized as a skilled writer. She has authored a travelogue, numerous collections of short stories, and five novels, writing in both English and Odia.

    Philanthropic Contributions

    In 2022, Susmita and Subroto Bagchi, along with Radha and N S Parthasarathy as well as other co-founders and philanthropists from Mindtree contributed a combined total of Rs 213 crore towards advancing healthcare. The following year, in 2023, the couple donated Rs 110 crore.

    Susmita suggests that individuals or families facing mental health challenges will relate to the protagonist of her first English novel, who is a psychiatrist. Her audience appreciates her writing because it is easy to understand and resonates with their own experiences.



    Source link

  • Did You Know Indias Youngest Billionaire Is Only 27 Years Old? Know All About Him

    Did You Know Indias Youngest Billionaire Is Only 27 Years Old? Know All About Him


    New Delhi: In a remarkable tale of youthful ambition and entrepreneurial prowess, 27-year-old Pearl Kapur has made headlines by becoming India’s youngest billionaire. His startup, Zyber 365, has swiftly risen to prominence in the tech world, disrupting retail and achieving unicorn status within just three months of its inception.

    The Rise Of Zyber 365

    Founded in May 2023, Zyber 365 is a Web3 and AI-based operating system startup headquartered in London, with operations based in Ahmedabad, Gujarat. Despite its relatively recent establishment, Zyber 365 has been hailed as India and Asia’s fastest unicorn, boasting a valuation of $1.2 billion. (Also Read: Why RBI Taken Action Against Paytm Payments Bank? Check What Governor Shaktikanta Das Says)

    Pearl Kapur’s Success Story

    Pearl Kapur, the Founder and CEO of Zyber 365, holds a commanding 90 percent of shares in the company, translating to a remarkable net worth of $1.1 billion. (Also Read: RBI’s Big Announcement On MSME Loan Processing Fees & Documentation Charges: Check Here)

    A graduate in MSC Investment Banking (CFA Pathway) from Queen Mary University of London, Kapur is recognized as an innovator in the realm of Web3 technology.

    Previous Ventures

    Before Zyber 365, Kapur’s entrepreneurial journey included roles as a Financial Advisor at AMPM Store and a Business Advisor for Antier Solutions. He founded Billion Pay Technologies Pvt Ltd in February 2022.

    Kapur envisions a future where the amalgamation of exponential technologies such as blockchain, AI, and cybersecurity, coupled with sustainable practices, empowers the masses. He terms this vision as Globalization 3.0, aiming to revolutionize the way technology impacts society.

    Investment And Funding

    Recently, Zyber 365 secured $100 million in Series A funding, with 8.3 percent of the investment coming from the SRAM & MRAM Group, an agrarian company recognizing the immense potential in Kapur’s startup.



    Source link

  • From Dropout to CEO: The Inspiring Journey Of School Dropout Who Built Rs 5499 Cr Company

    From Dropout to CEO: The Inspiring Journey Of School Dropout Who Built Rs 5499 Cr Company


    New Delhi: Through hard work, determination, and a willingness to learn, one can overcome the barriers posed by a lack of formal education. Several businessmen in India have defied conventional education paths to build their own companies.

    Among them is Rakesh Chopdar, chairman and CEO of Azad Engineering, a Hyderabad-based firm that recently made headlines with its IPO launch in December 2023. Backed by prominent figures like former Indian cricketer Sachin Tendulkar, Azad Engineering has rapidly ascended in the aerospace industry boasting a market capitalization of approximately Rs 5499 crore as of February 5.

    Early Beginnings and Education:

    Despite completing only up to the 10th standard at Trinity Public School, Hyderabad, Chopdar’s journey with Azad Engineering began in 2008. With over 15 years of hands-on experience in engineering and manufacturing his interest in business sparked at the age of 17. He honed his skills by working with various stainless-steel materials, mastering the creation of critical components that stumped engineers worldwide.

    Passion for Innovation:

    Rakesh finds joy in crafting essential components that challenge the capabilities of many companies and engineers globally. His passion lies in the process of creating innovations that have a significant impact and contribute to the greater good. With his inherent skills and accumulated experience, he ventured into manufacturing intricate rotating and stationary parts for gas, steam, and aero engines.

    Striking a Major Deal:

    Recently, Azad Engineering made waves in the aerospace industry by sealing a significant pact with Rolls-Royce, a renowned power and propulsion solutions provider. Under this long-term agreement, Azad Engineering will manufacture and supply complex defense aero-engine components in India, effectively joining the global supply chain for Rolls-Royce’s technologically advanced aero engines.



    Source link

  • Success Story: Pearl Kapur Emerges As India’s Youngest Billionaire At 27, Founder Of Zyber 365

    Success Story: Pearl Kapur Emerges As India’s Youngest Billionaire At 27, Founder Of Zyber 365


    New Delhi: In a groundbreaking and historic accomplishment, Pearl Kapur, a 27-year-old visionary and the founder and CEO of the Web3 startup Zyber 365, has achieved the prestigious title of India’s youngest billionaire, amassing an impressive net worth of $1.1 billion. Kapur, a distinguished alumna of Queen Mary University of London with an MSC in Investment Banking (CFA Pathway), is a trailblazer whose entrepreneurial journey began in May 2023. Notably, she has become the majority shareholder with a commanding 90% stake in Zyber 365 Technologies Ltd (UK).

    The Sram & Mram Group, recognizing the immense potential of Zyber 365, has invested 8.3%, contributing $100 million in Series A funding. This strategic investment has propelled the startup to a valuation of $1.2 billion (approximately Rs 9840 crore). Kapur’s commitment to her venture is evident in her rapid ascent to unicorn status within just three months, making Zyber 365 the fastest unicorn in both India and Asia. The startup currently holds the 109th position in India’s unicorn landscape.

    Founded by Indian-origin entrepreneurs Pearl Kapur (Founder & CEO) and Sunny Vaghela (Co-founder & CPO), Zyber 365 is gaining renown for its innovative EVM Compatible Web3 Layer 1 Proof of Authority (PoA) sustainable chain. Kapur’s dedication to environmental stability and alignment with United Nations SDG Goals is well-recognized, while Vaghela is celebrated as one of India’s top ethical hackers. The core team also includes Soneshwar Singh as CTO and Samiraj Singh as CFO.

    Zyber 365, a prominent Indian Blockchain Technology and Cybersecure AI Ecosystem Firm, has its headquarters in the UK but is determined to make India the central hub of its operations. The company’s EVM Compatible Smart Contract Platform, a Layer 1 Chain built on the Proof of Authority (PoA) consensus mechanism, prioritizes sustainability, security, and energy efficiency, aligning with Humanity & United Nations SDG Goals. 

    The firm is gearing up to launch its native token to bolster its ecosystem, unveiling the EVM Compatible Layer 1 (PoA) sustainable chain solution with the Mainnet set to go live by the end of May 2024. Additionally, Zyber 365’s ambitious plans include the introduction of a non-custodial DeFi wallet and AI Cashless Stores at Pumps.

    Prior to founding Zyber 365, Kapur honed her financial expertise as a Financial Advisor at AMPM Store and refined her entrepreneurial skills as a Business Advisor at Antier Solutions. Her vision for Zyber 365 extends beyond mere empowerment, aiming to spearhead Globalization 3.0 and redefine the landscape of technological advancement.

    Zooming out to a broader context, the recent investments by SRAM & MRAM Group underscore a dynamic landscape of strategic partnerships for Zyber 365. These investments include a US$3.64 billion semiconductor fabrication plant in India and a US$100 million injection into SpiceXpress’s air cargo business, showcasing the group’s commitment to cutting-edge ventures and further solidifying Zyber 365’s position in the evolving global market.



    Source link

  • Meet Bihar Farmer Who Earns Rs 8 Lakh Per Annum From Poultry Farm – News18

    Meet Bihar Farmer Who Earns Rs 8 Lakh Per Annum From Poultry Farm – News18


    Curated By: Business Desk

    Last Updated: January 29, 2024, 20:00 IST

    Vijay Kumar Rai is a resident of Ramgama village in Samastipur district of Bihar.

    Vijay Kumar Rai gets a profit of Rs 75,000 to Rs 80,000 for 35-40 chickens.

    Vijay Kumar Rai, a resident of Ramgama village in Samastipur district of Bihar has set an example for others after he transitioned from traditional agricultural practices to poultry farming. Rai has become an inspiration for local farmers as he is earning around Rs 8 lakh per annum from his poultry business.

    Having struggled with poverty and numerous challenges as a farmer for many years, Vijay Kumar Rai faced difficulties in meeting basic needs of his family and ensuring proper education for his children. The idea of venturing into poultry farming struck him after witnessing the success of a neighbour engaged in the same business. Inspired by his neighbour, Vijay decided to embark on his entrepreneurial journey.

    Vijay Kumar Rai began the process of setting up his poultry farm after discussing with his neighbour. He identified a suitable area enough to accommodate around 3,500 chickens and purchased the chicks directly from a local hatchery. The process included a feeding period of approximately 35 days, crucial for ensuring the growth of the chickens to a weight of around 2 kg.

    What started as a modest poultry farming venture evolved into a flourishing business, generating an annual income of Rs 8 lakh for Rai. His commitment and sincere efforts helped him to build a profitable poultry business.

    Sharing about the challenges he faced, Rai said that he initially did not realise the limited profitability of traditional farming. The financial struggles made it difficult for his family to survive, prompting him to explore new business ventures.

    Presently, Vijay Kumar Rai, after covering his expenses, gets a profit ranging from Rs 75,000 to Rs 80,000 for every batch of 35 to 40 chickens. His poultry farm has a total capacity of 3,500 chickens.

    Emphasising the importance of knowledge in the business, Vijay Kumar Rai encourages aspiring entrepreneurs to familiarise themselves with the intricacies of poultry farming. Lack of understanding may lead to significant losses rather than profitable outcomes, Rai warns.

    The success story of Vijay Kumar Rai stands as an example for others, those who are looking for alternative livelihood options.

    Business Desk

    A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings …Read More



    Source link

  • Meet Neeraj Singh Who Overcame IIT Rejection And Co-founded Rs 25,000 Crore Company

    Meet Neeraj Singh Who Overcame IIT Rejection And Co-founded Rs 25,000 Crore Company


    New Delhi: Neeraj Singh’s success story is a powerful testament to the timeless principle that persistent effort ultimately yields results. Starting from humble roots in Rajasthan and progressing through the realms of the tech industry, Neeraj’s journey has been marked by unwavering dedication and an unrelenting pursuit of his aspirations.

    Neeraj Singh originally from Rajasthan grew up in a middle-class setting as a military dependent. He attended Army schools for a substantial part of his early years and his introduction to computers took place during the year 1997.

    In that period, computers comprised of three primary elements: a monitor, a CPU, and a keyboard. Before computers all documentation and tasks were handwritten and the arrival of computers greatly streamlined and hastened these processes. Neeraj found this aspect particularly fascinating.

    Neeraj’s father became a computer instructor for the Indian Army after the incorporation of computers in central government services. He opted to pursue a career in computer science during Class 11. Later, he enrolled in IIT coaching in Kanpur but after a year of study he was unable to pass the exam which led him to return back home.

    As a result of his father’s overseas assignment, Neeraj wished to stay close to his family prompting him to join the IPM Institute of Technology and Management in Gwalior for his computer science studies. Neeraj was part of the college’s second graduating batch in 2005. He joined the Centre for Diploma in Advanced Computing (CDAC) an institution recognized for developing Param, India’s first supercomputer.

    Following an extensive education, Neeraj secured a position at JDA Software. After gaining experience there he transitioned to IVY Comptech an online gaming startup, where he contributed to the development of casino games including the creation of a jackpot game.

    Initially declining a job offer from Flipkart, Neeraj Singh changed his mind after friends emphasized the company’s bright prospects. During his time at Flipkart, he forged connections with Lalit Keshre, Harsh Jain, and Ishan Bansal who eventually became the co-founders of Groww. In 2017, they collectively launched Groww, where Neeraj Singh currently holds the position of Chief Technology Officer (CTO). The company is currently valued at Rs 25,000 crore (USD 3 billion).



    Source link

  • Extraordinary Journey Of Balvant Parekh: Man Who Turned Adhesives Into A Billion-Dollar Industry

    Extraordinary Journey Of Balvant Parekh: Man Who Turned Adhesives Into A Billion-Dollar Industry


    New Delhi: Today’s inspiring story revolves around a man who demonstrated that unwavering commitment and a profound passion for one’s goals can yield enduring accomplishments, serving as an inspiration for the generations to follow. 

    Balvant Parekh, a law graduate, book enthusiast, former peon, and freedom fighter, stood out as a significant entrepreneur in post-independence India. He was famously referred to as ‘The Fevicol Man of India’ and he earned this title for establishing Pidilite Industries, the billion-dollar company that stands as the force behind Fevicol.(Also Read: Job Hurdles To Entrepreneurial Heights; Poonam Gupta’s Home Business Blossoms Into An Rs 800 Crore Empire)

    Balvant Parekh hails from Mahuva, Gujarat and was born during a crucial period of India’s fight for independence. Despite actively participating in the freedom struggle as a youth he eventually opted to pursue a law degree due to familial pressure.

    Even after achieving a law degree by passing the Bar Council Exam, his heart remained dedicated to the realm of business. He faced considerable challenges, residing in a factory basement with his wife and working as a peon.

    Fueled by his entrepreneurial ambitions, Balvant embarked on diverse ventures, importing items such as bicycles, areca nuts, and paper dyes from the Western world to India. After enduring years of hardship, Parekh seized the opportunity to visit Germany where he acquired valuable business knowledge. Upon returning to Mumbai, he along with his brother established Parekh Dyechem Industries and successfully developed the well-known adhesive, Fevicol. 

    Fevicol made its debut in India during the year 1959, coinciding with the business’s name change to Pidilite Industries in the same year. Fevicol gained popularity as a user-friendly adhesive crafted specifically for carpenters.

    Starting as a small shop, Pidilite Industries gradually expanded and went on to become a dominant force in the adhesive market. Presently, the company boasts a market capitalization of approximately Rs 139,000 crore.



    Source link

  • Job Hurdles To Entrepreneurial Heights; Poonam Guptas Home Business Blossoms Into An Rs 800 Crore Empire

    Job Hurdles To Entrepreneurial Heights; Poonam Guptas Home Business Blossoms Into An Rs 800 Crore Empire


    New Delhi: Hard work is a cornerstone of success, and today we delve into the inspiring story of Poonam Gupta to underscore this vital principle. Poonam’s journey exemplifies the transformative power of unwavering dedication and perseverance. 

    Poonam performed exceptionally well in her studies from a young age securing admission to respected institutions such as Lady Irwin School, Delhi Public School, and Lady Shri Ram College. Her educational journey resulted in earning a degree in Economics with honors, followed by an MBA in International Business and Marketing. These qualifications were obtained from esteemed institutions, including Delhi University, FORE School of Management, and Maastricht School of Management.

    In 2002, Gupta tied the knot and relocated to Scotland with her spouse, Puneet Gupta. Despite her qualifications and determination, she encountered multiple rejections, a common experience for immigrants globally.

    She later decided to venture into entrepreneurship. Poonam initiated PG Paper Company Ltd in 2003, starting the business from her family residence in Kilmacolm, Scotland, with a modest fund of Rs 1 lakh provided by the Scottish Government.

    While searching for a job, Poonam Gupta observed a common sight of accumulated waste paper in offices. This observation led to a business idea that aimed to tackle environmental issues and open up a fresh market opportunity. 

    Poonam Gupta began her journey to recycle scrap paper from her family home in Kilmacolm. Her company started collecting discarded paper from companies in Europe and America. Currently, PG Paper operates in more than 60 countries including Scotland, Europe, America, and India, turning waste into top-notch paper products.

    Nineteen years have passed since Gupta started her business. With initial funding of Rs 1 lakh, Poonam’s relentless effort and commitment have grown it into an Rs 800 crore firm. Besides its roots in the IT sector, the company is involved in various industries like hospitality, real estate, and medical. Based in Scotland, the company currently employs around 350 people.

    Despite facing challenges in the job market after moving to Scotland, Poonam didn’t give up. Instead, she leveraged her observations and entrepreneurial spirit to establish PG Paper Company Ltd with just Rs 1 lakh in 2003. Through her relentless dedication, she transformed a small venture operating from her family residence into a substantial enterprise.



    Source link

  • Success Story: From Humble Beginnings To Stock Market Royalty, The Unparalleled Success Story Of The Big Bull

    Success Story: From Humble Beginnings To Stock Market Royalty, The Unparalleled Success Story Of The Big Bull


    New Delhi: Even in the absence of Rakesh Jhunjhunwala, the iconic figure in the Indian Share Market, his legacy remains a powerful source of inspiration for millions. The captivating tale of an individual who, akin to Jhunjhunwala, commenced with a mere Rs 5,000 and ultimately amassed a colossal fortune of Rs 40,000 crore.

    To delve into Jhunjhunwala’s background, he was born on July 5, 1960, in Hyderabad, with his name reflecting his connection to Jhunjhunu in Rajasthan. Despite his demise in Mumbai on August 14 of the preceding year, his extraordinary journey as a stock market investor earned him the renowned title of the ‘Big Bull’ of India, often likened to the ‘Warren Buffet’ of India. In recognition of his outstanding accomplishments, the Government of India posthumously bestowed upon him the Padma Shri this year.

    Remarkably, at the time of Rakesh Jhunjhunwala’s passing, his assets were valued at an astounding Rs 40,000 crore. What adds to the astonishment is the fact that he embarked on this incredible journey with a mere Rs 5,000. The stock market served as his primary income source, leading to his extraordinary success.

    Jhunjhunwala’s entry into the share market was inspired by his father, and he took his initial steps into Dalal Street in 1985. However, as a chartered accountant by profession, when he decided to make his first investment, his father declined to provide him with funds, advising him to avoid borrowing money from friends or relatives for market investments. Undeterred, Jhunjhunwala earned money independently before venturing into the market.

    His first taste of success came through Tata Tea, a Tata Group company. Starting his investment journey with Rs 5,000, he acquired 5,000 shares of Tata Tea at Rs 43. Within three months, the stock price soared, and he sold his shares for Rs 143, earning a profit of Rs 5 lakh from an initial investment of Rs 2.15 lakh in 1986.

    Another pivotal moment in Jhunjhunwala’s career occurred with Titan, another Tata group company. In 2003, he invested in Titan and acquired six crore shares. At one point, his holdings in Titan exceeded 4.5 crore shares, with a value exceeding Rs 7,000 crore.

    Tata stocks remained a significant part of Jhunjhunwala’s portfolio until his passing. At that time, his portfolio included companies such as SAIL, Tata Motors, Tata Communications, Lupin, TV18, DB Realty, Indian Hotels, Indiabulls Housing Finance, Federal Bank, Karur Vysya Bank, Escorts Ltd, Titan Company, and MCX Shares.

    Rakesh Jhunjhunwala’s journey stands as a testament to the possibilities within the stock market. Starting small, he exhibited determination, astute decision-making, and a discerning eye for potential opportunities, paving the way for his remarkable success. His legacy continues to motivate aspiring investors today.



    Source link