With this post, we are sharing the success stories of Few Legendary Indian entrepreneurs who successfully started with almost nothing. These are the stories which will inspire you hopefully through your startup journey and will keep you motivated.
Below Mentioned are people who started with almost nothing in their hand and yet were able to make multi-million companies.
1. Dhirubhai Ambani (1932 – 2002)
Dhirubhai Ambani is the most famous Indian businessman. Ambani’s journey took him as a student in the dusty lanes of a small village in Gujarat to the major seaport city of Aden and finally Bombay where he became the Charm of the Indian industry. He wanted to continue his studies after his school, but could not afford to do so , He instead went to Aden, Yemen to earn and improve their financial conditions. In Aden he worked as a clerk in a trading firm as at that time Aden was the second-busiest port in the world and traders from everywhere came there for business. He learned pros and cons of trading and studied everything that he could lay his hands on.
When British rule in Yemen came to an end, many Indians went either to Briten or came back in India. Well , Dhirubhai choose the latter and started his first business, Majin, with his cousin. He then quickly launched out, founding Reliance Industries in 1966. The combined fortune of his family tops out at 60 billion dollars as of now, making them one of the wealthiest families in the world. In 2012, Reliance employs over 85,000 people and is responsible for over 5% of India’s tax revenue.
Undoubtedly, he is the most famous Indian businessman of all time.
If you don’t build your dream, someone else will hire you to help them build theirs.— Dhirubhai Ambani
2. Ghanshyam Das Birla (1894 – 1983)
Inheriting his family’s money-lending business, Birla diversified into manufacturing. He moved Calcutta to establish his own textiles business, much to the displeasure of European and British merchants in the area, who did their best to shut Birla’s business down. Birla had to overcome not only adverse from pre-set players of market but also the biased policies of the Britishers who discriminated against Bengali traders.
In the 1940, Birla purchased Hindustan Motors and continued to grow his business more by investing in tea , cement , chemical and and rayon Industries. Now Aditya Birla group operates in more than 33 countries, employs over 133,000 people and has annual revenues of over $35 billion.
They also founded the Birla Engineering College – now the Birla Institute of Technology and Science, which is one of the nation’s best engineering schools.
3. Ardeshir Godrej (1868 – 1936)
“Ardeshir Godrej” started his journey out by studying law , but as a lawyer he didn’t find much success. He went to Bombay and worked as an assistant in a chemist shop and because of his great sense of business, he saw everything as a business opportunity.
He took a loan from his father’s friend and started to manufacture medical equipments that are used for surgery, such as scalpels, surgeon’s scissors, forceps, etc. When he got satisfied that the quality of his equipment was world-class, he approached the boss of the company for whom he was working for. His boss thought the equipment was great, but rejected the “Made in India” label, believing it wouldn’t be marketable.
Later, one morning he read in the newspaper that burglary rates in Bombay were increasing and the locks were not working as well as they should. He again saw it as a business opportunity and started to research over lock making. This venture got so successful that he later got known as the lockmaster of India.
Then after he also made the first soap ever that is without animal fat: Cinthol, which is still used by millions of people now.
Locks made his company famous and now the Godrej group has diversified itself in the business of real estate, appliances, security, FMCG products, etc.
4. Jamsetji Tata (1839 – 1904)
Jamshetji Tata is the founder of the Tata Group “India’s largest conglomerate” which employs more than four lakh people and enjoys the revenue of over $83 billion.
He started by setting up cotton mills in Bombay and then Nagpur. His dream was to set-up an iron and steel company, a scientific institution, a world-class hotel, and a hydro-electric plant, but he only could fulfill one of these dreams in his lifetime: the Taj Mahal hotel, near the Gateway of India close to the Mumbai shoreline. Well, He wanted to open a world-class hotel because he was denied entry to a luxury hotel when he visited other countries. Now, the “Taj Mahal” hotel is one of the most renowned in the world.
“When you have to give the lead in action, in ideas – a lead which does not fit in with the very climate of opinion – that is true courage, physical or mental or spiritual, call it what you like, and it is this type of courage and vision that Jamsetji Tata showed. It is right that we should honour his memory and remember him as one of the big founders of modern India” — Jawaharlal Nehru on Jamshetji Tata.
5. Jehangir Ratanji Dadabhoy Tata (1904 – 1993)
Jamsetji Tata started it, then J.R.D. Tata was the one who turned the Tata Group into an incredible success.
J.R.D. Tata was the one who fulfilled Jamsetji’s final three wishes. Currently, the Tata Group owns and operates
- Tata Steel – Asia’s first and India’s largest steel company. It is also the fifth largest steel company in the world, producing over 28 million tons per year.
- Indian Institute of Sciences – India’s pre-eminent research institution for science and engineering.
- Tata Power – India’s largest private electric power company.
JRD Tata was India’s first licensed pilot. He set up India’s first commercial airline company known as Tata Airlines in 1932 which was rechristened as Air India in 1946 and is now India’s national airline. For his achievement in business, he was awarded the highest civilian award of India that is known as “Bharat Ratna”.
6. KARSANBHAI PATEL – MAN BEHIND NIRMA
‘Nirma’ success story,
It was in 1969 that Dr. Karsanbhai Patel started Nirma and went on to create a whole new segment of the Indian domestic detergent market. During that time the domestic detergent market had the premium segments only and there were very few companies, mainly the MNCs in this business.
Karsanbhai Patel used to make detergent powder in the backyard of his house in Ahmedabad at that time and then carry out door to door to sell his handmade product. He also used to give 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.
Nirma became a huge success and all this was a result of Karsanbhai Patel’s entrepreneurial skills.
‘ SABKI PASAND NIRMA ‘
“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.
7. RAMESH BABU, ” THE BARBER WHO OWNS A ROLLS ROYCE “.
Ramesh Babu is too sure to go on this list as he himself is the inspiration of many, he is resident of Banglore city and 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 that came with his hard work and love for his passion. Now, he is a billionaire and owns a rent-a-car fleet of 67 alternative cars.
At the moment his collection is 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 too.
“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.
“We hope our survey made you feel motivated to chase your dreams and follow your passion, as it is the only key to success”