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13/04/2024

BharatPe Co-founder Ashneer Grover and his business partner Aseem Ghavri, have launched ZeroPe, a new fintech app focused on providing online medical loans.

This will be Grover's fifth venture after founding Grofers, Bharatpe, Crickpe, and Third Unicorn. Two have already attained unicorn status (7500 Cr valuation).

As per its website, the app simplifies its loan process of up to Rs 5 lakhs with easy EMI instalment plans, making healthcare payments effortless.'

Its lending partners are said to be Delhi-based non-banking financial corporation (NBFC), and Mukut Finvest.

ZeroPe was developed by Third Unicorn, a Delhi-based software company established by Grover and Ghavri after the former departed from Bharat Pe.

Last year, Third Unicorn launched CrickPe, a real-money fantasy cricket app.

Unlike Grover's previous ventures, ZeroPe is not a pioneer in the medical-tech industry as other startups like QubeHealth and Saveln are actively financing monetary solutions for medical emergencies.

Grover's Third Unicorn raised $3.5-4 mn led by ZNL Growth Fund in February last year. Aseem Ghavri, Co-founder of Third Unicorn, previously led Code Brew Labs, an enterprise app development company that designed BharatPe's initial app. initial app.

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12/04/2024

Jaydeep and Kallol, both alumni of IIM Lucknow, transitioned from high-paying jobs to pursue their passion for food and established Faasos in 2011, focusing on rolls and wraps with an Indian touch.

However, they later expanded their portfolio by launching Ovenstory, catering to India's fondness for pizza with a variety of Indian toppings. The success of their cloud kitchen model with Faasos and Ovenstory led to the creation of 15 brands under Rebel Foods, such as Behrouz Biryani, Sweet Truth, and Firangi Bake, known for their strong presence on online food delivery platforms like Swiggy and Zomato.

These brands operate without physical restaurant locations, operating solely through online ordering platforms. By strategically setting up small kitchens in cost-effective areas, Rebel Foods has achieved significant profitability, earning them the title of the largest internet restaurant globally.

Their success has even posed competition for established brands like Domino's India, with Rebel Foods and its associated brands, including Faasos and Ovenstory now holding a valuation of USD 1.4 billion, equivalent to over Rs 11,000 crore.

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12/04/2024

Ansar Shaikh, the youngest IAS Officer in India, achieved an astounding All India Rank of 361 in the IAS Exam 2016 at the age of 21, despite facing financial hardships.

Hailing from Maharashtra's Jalna village, his family prioritized his education, emphasizing the importance of learning. Opting for Marathi as his language for the UPSC Mains exam and Interview, Ansar strategically selected Political Science as his optional subject, contributing significantly to his success.

His journey exemplifies the power of resilience, diligence, and unwavering commitment to his goals. Despite adversities during his childhood, Ansar overcame challenges with support from friends and coaching institutes, demonstrating the crucial role of a strong support network in achieving success.

Mr. Shaikh now serves as the ADM in Cooch Behar, West Bengal, inspiring countless individuals nationwide with his remarkable achievements and extraordinary talent.

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11/04/2024

TS Kalyanaraman, the founder of Kalyan Jewellers, embarked on a challenging journey to become India's richest jeweller by starting off with a loan of Rs 50 lakh.

Despite being the son of a textile businessman, Kalyanaraman understood the potential in the gold and jewellery industry, leading him to establish his successful brand in 1993.

Utilizing a hyperlocal strategy, Kalyan Jewellers initially expanded in Kerala before progressing to other states, forming alliances with fellow entrepreneurs along the way.

What began as a dream to open two stores for his sons transformed into a thriving business with 32 outlets across South India and operations in five countries.

Today, at the age of 72, TS Kalyanaraman has achieved incredible success, with Forbes estimating his net worth at USD 2 billion, equivalent to Rs 16,200 crore.

Kalyan Jewellers' market capitalization stands at an impressive Rs 43,000 crore, solidifying its position as one of the most lucrative jewellery businesses in the country.
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11/04/2024

VK Bansal, the founder of Bansal Classes, is known for establishing the first IIT JEE coaching institute and transforming Kota into India's coaching hub. He was born on October 26, 1949, in Jhansi and graduated with a degree in mechanical engineering from Banaras Hindu University in 1971. After working as an engineer at JK Synthetics, Bansal founded Bansal Classes in 1991.

Despite being diagnosed with muscular dystrophy, Bansal dedicated his free time to teaching engineering entrance exam preparation to local children. His coaching center attracted students from all over India, and in 2000, his students achieved the top two positions in the All-India IIT-JEE exam.

Unfortunately, VK Bansal passed away on May 3, 2021, during the COVID-19 pandemic. However, his legacy lives on through the coaching industry he built, which is estimated to be worth around Rs 2000 crore.

VK Bansal's contributions to education and the coaching industry in India have made a lasting impact and continue to inspire many.

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10/04/2024

Gujarat Titans is relatively new franchise when compared to all the other franchise in the IPL however this team has shocked everyone with their stunning performance and their win at the first-ever IPL debut in 2022. The team is based out of Ahmedabad and its captain until 2023 was Hardik Pandya. The 2022 wasn’t the only shocked that the team gave , continuing their super performance Gujarat Titans also manage to reach the finals of IPL 2023 too. However, they lost to the Chennai Super Kings in IPL 2023 finals.

Gujarat Titans was up for auction in 2021 along with another franchise. Many companies bidded to buy the team , however, the CBC Capital partners emerged victorious and won the ownership of Gujarat Titans with a big of ₹5,625 crores. During IPL 2022 , it was often said that the president of the BCCI Jay Shah is also the owner of the Gujarat Titans. However that’s not true, as he hails from Ahmedabad, he was seeing a lot at the matches of GT. As of 2024 Gujarat Titans is the third most valuable IPL team with the total valuation of $850 million.

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09/04/2024

Satyanarayan Nandlal Nuwal, a self-made billionaire businessman, founded Solar Industries India in 1995. His journey from trading industrial explosives to manufacturing them showcases his entrepreneurial spirit and determination.

Today, the majority of Nuwal's revenue comes from exports, with a focus on housing and infrastructure, state-owned coal companies, and the defense sector.

Despite facing challenges early on, including failed ventures and financial struggles that led him to sleep at a train station, Nuwal's perseverance and dedication eventually paid off. Born into a middle-class family in Bhilwara, Rajasthan, he started his ventures at an early age.

He dropped out of school after class 10 to support his family, but his ambition and commitment led him to establish a successful empire with a market capitalization of Rs 77,000 crore.

In 1977, Nuwal's meeting with Abdul Sattar Allahbhai, a dealer in explosives, paved the way for his successful business in the field. Securing a loan from the State Bank of India in 1995, Nuwal began manufacturing explosives, propellants, grenades, drones, and warheads, aligning with the Make in India initiative.

The solar industries market value witnessed a significant growth of 1,700% in a decade, reaching more than Rs 35,000 crore by November 2022, contributing to Nuwal's current net worth of $4.1 billion.

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09/04/2024

Vivek Chaand Sehgal, a successful businessman, co-founded the Motherson Group in 1975 with his late mother, Swaran Lata Sehgal, initially focusing on silver trade. Despite challenges, the company evolved and now holds an impressive estimated sales of USD 12.7 billion.

Sehgal, known as the richest Indian in Australia, has a net worth of USD 4.8 billion, ranking him at 666th globally in terms of wealth as of March 18, 2024. Moreover, his primary source of wealth is Samvardhana Motherson International, formerly Motherson Sumi.

Sehgal's journey from silver trading in the 1970s to establishing a business conglomerate showcases his entrepreneurial spirit and business acumen. His education at Birla Public School in Pilani, Rajasthan, and graduation from Delhi University laid the foundation for his success.

Being awarded the EY Entrepreneur of the Year in India in 2016 highlights his significant contribution to the business world.

The Motherson Group's clientele includes renowned brands such as BMW, Ford, Mercedes, Toyota, and Volkswagen, underscoring its status in the industry. Sehgal's son, Laksh Vaaman Sehgal, plays a crucial role in the company as a director.

Sehgal's family history of success, with his grandfather being a successful jeweler, has influenced his entrepreneurial journey in profound ways.

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08/04/2024

Ashok Gade, a farmer from Maharashtra, has revolutionized banana farming in his region by creating value-added products and boosting the local economy. He and his wife shifted from selling raw bananas to processing them into various products, including banana biscuits.

Ashok's transition from a lawyer to a farmer marked the beginning of his journey towards agricultural innovation. The creation of banana biscuits earned them a patent, increasing demand and recognition for their product.

These biscuits are now sold in various Indian states and generate significant income for the couple. Ashok's impact extends beyond his own success, as he has collaborated with 50 other banana farmers to establish a manufacturing unit for their products.

This venture has provided a sustainable and profitable model for banana farming, showcasing the transformative power of innovation and value addition in traditional agriculture.

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08/04/2024

Mallika Srinivasan, the Chairman and Managing Director of Tractors and Farm Equipment Limited, recently resigned as an independent director from Swiggy's board. She is a prominent figure in the Indian business world, having transformed TAFE into the world's third-largest tractor manufacturer with a revenue exceeding Rs 10,000 crore.

Mallika, known as the "Tractor Queen," is a Padma Shri awardee and one of the few female industrialists leading a multi-crore manufacturing empire.

Born in 1959, Mallika excelled academically and holds an MBA from the Wharton School of the University of Pennsylvania. She joined the family business in 1986, which was founded by S Anantharamakrishnan, a key figure in Chennai's industrial growth. Mallika's leadership has driven TAFE through a significant technology-led transformation, solidifying its position in the global market.

Apart from her role at TAFE, Mallika Srinivasan serves on the boards of AGCO, Tata Steel, and Tata Global Beverages, as well as prestigious educational institutions like IIT Chennai and ISB Hyderabad.

Her recent resignation from Swiggy's board, a company valued at Rs 68918 crore, marks a shift in her directorial responsibilities. Mallika is recognized as the 83rd richest Indian, with a net worth of $2.84 billion (Rs 23,625.96 crore), showcasing her influence and success in the business world.

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07/04/2024

Amaan Khan In the small town of Raisen, India, a remarkable individual named Amaan Khan has emerged as a symbol of inspiration and social change. Despite facing numerous obstacles and setbacks, Amaan has risen above his circumstances and made a significant impact on his community.

From being a college dropout to becoming a successful entrepreneur and founder of India's first modern Common Service Center (CSC), Amaan's journey is a testament to resilience, determination, and a passion for public service.

Amaan Khan's early life was marked by financial constraints and constant changes in schools. He had to change schools seven times due to non-payment of fees, and this constant upheaval made it challenging for him to pursue a stable education.

Nevertheless, Amfan persevered, attending schools of varying mediums, including Hindi, English, and Urdu.

Amaan's entrepreneurial spirit began to shine during his college years, although he ultimately had to drop out due to financial limitations. Undeterred by this setback, he took on part-time jobs to support himself and started working full-time.

Amaan's journey took him from sweeping a doctor's shop to working at the local market, where he even filled bags with green chilies. Through hard work and determination, Amaan saved enough to open his own shop, Amaan Digital.

Amaan's entrepreneurial ambitions led him to launch Amaan Digital, a shop that offered various services, including banking assistance.

Despite initial challenges, such as the absence of a meter connection, Amaan's resilience pushed him to persevere. However, his pursuit of success didn't stop there.

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07/04/2024

Indian stockbroker firm Angel One, formerly known as Angel Broking Ltd, has a CEO named Dinesh Thakkar, who is one of the wealthiest businessmen in the country. Like many affluent Indian businessmen, Dinesh also has a taste for expensive cars.

His most recent addition to his garage is a Lamborghini Sterrato. This off-road-ready supercar was officially launched in the Indian market a few years ago and is priced at Rs 4.61 crore, ex-showroom.

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06/04/2024

Flipkart Co-founder Sachin Bansal said he is "completely immersed" in Navi, a startup he co-founded after leaving Flipkart.

"I'm spending 80-100 hours a week at office...Sometimes people hate me for that...I don't expect others to do it,"

"[This is because] business is such an exciting space now. It requires a lot of attention to small details," he added.

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05/04/2024

Sania Mirza's sister, Anam Mirza, has ventured into entrepreneurship successfully, diverging from her sister's path in sports. Anam's journey includes founding 'Ink to Change' and 'The Label Bazaar' showcasing her media and fashion prowess.

Despite being married twice, Anam has thrived in her professional endeavors, co-founding Daawat-e-Ramzan and establishing Dua India, her second fashion label named after her daughter. Her marriage to cricketer Mohammad Asaduddin in 2019 has also been a part of her personal life, leading to the birth of their daughter, Dua, in 2022.

Anam's entrepreneurial spirit has been a key factor in her success, with her company's brand value in crores and substantial earnings from her YouTube channel with over 1,25,000 followers. Media sources estimate her net worth at an impressive $40 million, showcasing her financial success and business acumen.

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05/04/2024

Mukesh Ambani, the richest man in India, resides in the lavish Antilia, worth over Rs 15000 crore. Isha Ambani, his daughter, recently sold her mansion in Los Angeles to Ben Affleck and Jennifer Lopez for Rs 494 crore.

The mansion, where Isha spent time during her pregnancy in 2022, is located on 5.2 acres in Beverly Hills and boasts luxurious amenities like a 155-foot infinity pool, indoor pickleball court, and more.

It offers 12 bedrooms, 24 bathrooms, outdoor entertainment pavilion, kitchen, and lush lawns. The property was on the market for five years before being sold in a cash deal, as reported by the Economic Times. Mukesh Ambani's wife, Nita Ambani, also stayed in the mansion with their pregnant daughter.

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04/04/2024

Mave Health, a mental health-tech startup, recently secured Rs 6 crore in pre-seed funding led by All In Capital and iSeed Fund. The investment will assist in launching Arc, a non-invasive brain stimulation wearable for treating depression.

Founded in 2023, Mave Health focuses on evidence-based mental well-being programs and developed Arc in collaboration with experts from renowned research institutes.

The technology underpinning Arc has been researched for over two decades, showing promise in cognitive enhancement and depression therapy.

The aim of Mave Health is to set high standards in mental healthcare in India by offering innovative solutions tailored to individuals' lifestyles. The firm aims to revolutionize depression treatment with accessible technology.

Mave Health's approach is innovative, with a focus on integrating healthcare seamlessly into people's routines to avoid inconvenience.

The startup's flagship wearable, Arc, is available through a 12-week program that includes unlimited sessions with various experts like doctors, psychologists, nutritionists, and fitness coaches, ensuring holistic support for users.

The startup's goal is to address the prevalent mental health challenges faced by Indians, recognizing the issue of undiagnosed mental health problems compounded by stress and poor lifestyle factors.

Mave Health aims to combat the stigma and side effects associated with psychiatric treatments by providing a non-invasive, self-managed solution.

Leading investors and angel investors have shown keen interest in Mave Health, underscoring the potential and impact of its innovative approach to mental well-being.

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04/04/2024

Kunwar Sachdev is a successful entrepreneur who started from humble beginnings, selling pens door-to-door to fund his education. He had a dream of becoming a doctor but had to give it up due to not getting medical admission. Instead, he pursued a career in marketing and realized the potential for growth in the power backup industry.

With an idea in mind, Kunwar Sachdev decided to invest his money and founded Su-Kam Communication, a company that specializes in producing solar-related products.

The company has grown significantly and is now worth Rs 2300 crore. Kunwar Sachdev's journey showcases the power of commitment, perseverance, and innovation.

His story serves as an inspiration to many, demonstrating that setting goals is one thing, but achieving them requires determination and hard work. Kunwar Sachdev's success highlights the importance of seizing opportunities and taking risks in order to achieve one's dreams.

03/04/2024

The India Employment Report 2024, published by the ILO and IHD, highlighted that in 2022, 83% of the unemployed population in India consisted of youth. The study also noted that the proportion of educated youth among the jobless increased from 54% in 2000 to 66% in 2022.

Furthermore, the report emphasised that 83% of the jobless individuals were under the age of 34, indicating a significant youth unemployment issue in the country. Despite improvements in education levels, educated youth are facing challenges in securing suitable employment opportunities that align with their aspirations.

Additionally, data from the report revealed that between 2015–16 and 2019, approximately 10 million job seekers registered with the National Career Service portal. Among them, 64% were men, with 83% of these men falling within the youth age group of 15–34. This data underscores the gender and age disparities in unemployment rates in India.

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02/04/2024

Mukesh Ambani, the richest man in India and Asia, faced numerous challenges before making Reliance Industries the most valuable company in India. Anand Jain, a close associate and long-time friend of Ambani, played a crucial role in his success.

Jain, who has over 30 years of experience in various businesses, is known as Ambani's key advisor and is credited with being the brain behind Ambani's real estate investments. Despite not taking a salary from Reliance Industries, Jain has been a significant figure in the company's growth.

Additionally, Jain's son, Harsh Jain, is a co-founder of the popular fantasy sports platform Dream 11, which has achieved unicorn status. The strong bond between the Ambani and Jain families dates back to their school days, highlighting the enduring friendship and collaboration between the two.

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02/04/2024

Sanjeev Sanyal, a member of the Prime Minister's Economic Advisory Council, recently discussed the intense focus on UPSC exams among young Indians, suggesting it might not be the best use of their time.

During a conversation on "The Neon Show" podcast with Siddhartha Ahluwalia, Sanyal critiqued what he sees as a "poverty of aspiration" in India, where for decades, ambitions in certain regions were limited to becoming intellectuals, union leaders, or local politicians.

This has led many to view civil services as the default career path.

"Yes, every country needs a bureaucracy. That's perfectly fine. But I think lakhs of people spending their best years trying to crack an exam, where a tiny number of few thousand people actually [are] going to get in, makes no sense," Sanyal said.

"If they put the same energy into doing something else, we would be winning more Olympic gold medals, we would be seeing better movies being made, we would see better doctors, we would see more entrepreneurs and scientists, and so on," Sanyal stated.

He also said that there is a need to transform societal attitudes towards risk-taking and entrepreneurship.

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01/04/2024

Shah Rukh Khan is the owner of Kolkata Knight Riders (KKR) and Red Chillies Entertainment Private Limited. KKR is a popular team in the Indian Premier League (IPL) and has won the title in 2012 and 2014. Venky Mysore, the CEO of KKR, manages the team's finances and operations.

Venky Mysore, who was born in Karnataka's Mysore, had a career in the insurance industry before joining KKR. He holds an MBA in Marketing and Finance from the University of Madras. Mysore played a key role in KKR's decision to acquire the Trinbago Knight Riders team in the Caribbean Premier League.

According to media reports, Mysore's net worth is estimated to be around Rs 14 crore, but there is no official confirmation. KKR's net worth was reported to be $1.1 billion with revenue of $41.2 million and income of $14.1 million according to Forbes.

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01/04/2024

An Indian-origin businessman, Pankaj Oswal, and his wife Radhika Oswal have purchased a luxurious house named Villa Vari in Switzerland for $200 million. The property is located in the Canton of Vaud in the Swiss village of Gingins and is considered one of the world's top 10 most expensive homes.

The villa, spread across 40,000 square meters, was previously owned by the daughter of Greek shipping magnate Aristotle Onassis.

Renowned interior designer Jeffrey Wilkes has transformed the villa according to the Oswals' taste and style. Pankaj Oswal is the son of late industrialist Abhay Kumar Oswal, and the couple has a net worth of $3 billion.

The Oswal Group Global operates businesses in petrochemicals, real estate, fertilizers, and mining across Africa, India, Australia, and Switzerland.

The Oswal family relocated from Australia to Switzerland in 2013, and their elder daughter, Vasundhara Oswal, is currently the executive director of PRO Industries PTE LTD and director general at Axis Minerals.

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31/03/2024

Rahul Yadav, known as the 'bad boy of startups', founded Housing.com with his classmates in 2012, quickly gaining popularity in the Indian startup ecosystem. The company received a significant investment from SoftBank in 2014, valuing it at Rs 1,500 crore.

Despite initial success, Yadav's behavior drew criticism, leading to his controversial resignation in 2015. He was later fired by the company board due to his conduct towards investors and the media.

Reports suggest that Yadav gave away shares worth Rs 150-200 crore to Housing.com employees before his departure. Additionally, he faced scrutiny for a forensic audit against his company, 4B Networks, in recent years.

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31/03/2024

N Srinivasan, an Indian industrialist, is well-known for owning the IPL team and holding prestigious positions in cricket administration. He was born in Tamil Nadu in 1945 and has a strong educational background in Science and Chemical Engineering. Srinivasan's father was a key figure in India Cements, where he began his career and eventually became Vice Chairman and Managing Director.

His net worth in 2022 is reported to be Rs 7.2 billion, with a significant portion coming from Chennai Super Kings. Despite facing a ban in 2016 and 2017, CSK remains a highly successful franchise in the IPL, generating revenue from various sources like media rights, sponsorships, ticket sales, and merchandise.

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30/03/2024

Alia Bhatt, a well-known actress, is also a successful businesswoman with her firm, Ed-a-Mama, now valued at Rs 150 crore. Ed-a-Mama caters to children aged 2-14 and has been operating since October of the previous year.

Bhatt created the brand to combine her passion for the environment and children, aiming to nurture a love for nature in kids. Ed-a-Mama offers thoughtfully designed playwear for children and plans to expand into books and more. The brand is currently ranked among the top three kidswear brands on Myntra and is available on various digital marketplaces and its own website.

Sustainable and affordable clothing remains a key focus for Ed-a-Mama, as they aim to encourage children and parents to prioritize and care for the planet. Bhatt expressed her pride in the brand's achievements within a year and looks forward to expanding production and launching a bigger spring-summer collection in the future.

30/03/2024

Radico Khaitan, owned by Lalit Khaitan, is a prominent player in the Indian liquor market. The company is known for iconic products like Magic Moments, 8PM Premium Whisky, Rampur Indian Single Malt Whisky, and Regal Talon Whisky.

It has a global presence and supplies liquor to over 85 countries. With its headquarters in Delhi, Radico Khaitan has a market capitalization of about Rs 23000 crore.

Lalit Khaitan, the owner of Radico Khaitan, took over the company in 1972-1973. Despite facing numerous challenges, he has led the company to success through his exceptional management skills and commitment to corporate governance.

At 80 years old, Lalit Khaitan has become a billionaire with a net worth of $1 billion. The popularity of new drinks like Happiness in a Bottle gin, along with increased sales, resulted in over a 50% jump in the company's publicly traded shares last year.

Although Radico Khaitan has the potential for profit, it faces competition from United Spirits, a listed subsidiary of Diageo. United Spirits was previously led by Vijay Mallya, a charismatic liquor tycoon and former billionaire who is currently hiding in London.

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29/03/2024

Chennai-based researcher Anees Ahmed was introduced to the concept of coco peat through his father, who worked in the coir fibre industry in Tamil Nadu. A biotechnology graduate, Ahmed became intrigued by this material and continued his research to understand its properties and applications.

He started Global Green Coir, which upcycles coco peat from coconut husk to make varied products like pots, bricks, blocks, and grow bags that are also exported.

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28/03/2024

SMS Scientific Products Pvt Ltd. is revolutionizing healthcare communication with innovative solutions tailored for medical professionals, enhancing doctor-patient engagement and collaboration.

Here, Naresh Ahuja, Founder and CEO of SMS, sheds light on the company's offerings and its impact on the Indian healthcare landscape.

SMS's flagship product, "Science for Doctors," is a series of desk tops designed for medical professionals. These desk tops feature patient education content and a write-and-wipe surface, facilitating easy access and multiple uses during consultations.

Some models also incorporate 3D anatomy representations, enhancing communication clarity between doctors and patients.

Unlike traditional tools, SMS's desk tops use patient-friendly language and illustrations, empowering patients to understand their conditions better.

This approach has significantly improved doctor-patient communication, saving time and enhancing consultation quality.

SMS collaborates closely with leading pharmaceutical companies to develop customized desk tops that carry brand messages alongside educational content.

This partnership has garnered trust from major players in the pharmaceutical industry, reflecting SMS's effectiveness in advancing healthcare communication.

The company offers a range of products addressing various medical communication needs, including write & wipe slides, flip wipes, 3D therapy frames, visual guides, and more.

These products are meticulously researched and tailored to Indian conditions, offered in regional languages to cater to diverse patient populations.

To ensure accuracy and relevance, SMS curates evidence-based medical content supported by credible references.

This content transformation into patient-friendly language and visuals bridges health literacy gaps among patients, empowering them to make informed decisions about their health.

Looking ahead, SMS envisions a future where digital and augmented reality solutions further elevate healthcare communication, enhancing engagement levels and improving healthcare experiences for all stakeholders involved.

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