iwsb stories-think big start small

Indus World School of Business

Think BIG, START SmallA few stories of inspiring young

Entrepreneurial Leaders

Inspirations and Disclaimers

I see life as a journey for exploration, introspection, learning and contribution. Whatever I read, I try to absorb and share with others.

Pushing people to realize their potential is the core purpose of CL and I share this purpose at my core. Stoking entrepreneurial leadership is a passion. Every opportunity to interact with youngsters and fellow learners charges me immensely. As I keep taking sessions of motivation, I keep incorporating every day readings.

This set of stories of young entrepreneurial leaders has come in handy to push youngsters to think beyond just looking for jobs. I pay tribute to each one of the leaders who feature here in. Thanks for inspiring scores of people.

I have culled out these stories and links to videos from various sources of my explorations, like business mags, websites, newspaper reports and a few first hand interactions and mentoring. If there is any factual inconsistencies, I apologize and shall correct myself, if you could kindly let me know. (www.sreeni.org).

Thanks to Outlook group and India Today group, I could get a few stories and photo grabs from online issues, and users of Youtube for Video grabs.

Indus World School of Business, www.iwsb.in

India : Challenges or Opportunities?

• Almost 90% of Indian Economy is unorganized– The companies, big or small, that we want to work for

constitute only 10% of the economy

• Over 70% of Indian population is non-urban and reasonable chunk is well-off– Majority is still looking for basic amenities and services

• In 2009, – The number of work Visas issued to foreigners to work

in India is more than number of Visas Indians applied for, to work abroad!!

– Over 30,000 Korean children are studying in Indian Schools under South Korean Government’s Focused program


So what are the implications?• India is a vast nation with immense possibilities• High potential to organize the unorganized• The world is heading to India to take advantage of

this vast potential• Indian economy has grown leaps and bounds in

the last two decades due to a great deal of entrepreneurial activity in IT/ITES sectors. The next two decades will see such huge activities in a range of small and medium enterprises, organizing the unorganized.

• Mukesh Ambani recently said, “There will be over a dozen companies as big as Reliance in 2025, by those who are yet to start their entrepreneurial journey!”


A quick bite for the hungry : Dheeraj JUMBO Gupta, (IIMA Alum)


• His research showed that Vadapav is consumed mostly by 18-25 year olds from well-to-do families

• Started in 2001, raised a Rs.2lakh loan to start a Vadapav outlet, Jumbo King

• 104 outlets by 2007• 120 added in 2008-09 across the country• Average sales of 3.5 lakh vadapav every day @Rs.10/-

each• About 70Crores turnover last year• Plans to have 1500 outlets by 2012, 5000 in 2015,

abroad too• Wants to be a $5 bn company

Have you ever thought a VADAPAV business that can bring in crores? Have a look at the crowded Jumbo king on the web

A quick bite for the hungry : Dheeraj JUMBO Gupta, (IIMA Alum)


D-Light : LED lamps light villages : Five Expat Stanford Alums

D-Light : LED lamps for villages• Only 43.5% of Indian houses has electricity• D-light reaches affordable and safe light to the world• Five expats from China, Belgium, Chile, US; started 2007• Priced at Rs.800-1600 a piece; • Piloted in a village of Orissa – policemen took them away

from villagers to light their police station (indicating success)

• Saves Rs.7500 in 5 years (saving on fuel etc)• 1500 rural sales force created, 2000 households to sell it

in the country side.• 2 Lakh units sold in first year. Turnover ~25Cr.• 10 Lakh units target by 2010.• 30Crore invested by others

Imagine what the potential of this business is, with over 55% population without electricity? Watch D.Light in action on web


Bamboo House – Prashant and Aruna, zoology grads


Bamboo House – Prashant and Aruna

• 2006:India is a big bamboo producer, but China largest exporter? Why?

• Explored – Oleverii, best specie, found in Tripura • Insurgency prone TRIPURA, initial challenge• Assured 20K a month to 7 artisans taken on

board • Even when sales not happening, paid 350/- per

day and 8K per month to artisans• Bamboo Enterprise United formed• Researched for design, Used Internet to Market

– 180 showrooms signed in one year

• Now moving into Bamboo house structures• 5.6 Crore manufacturing facility created


Desi Crew : Saloni Malhotra, Tamilnadujust a graduate, was working with a web company


Desi Crew : Saloni Malhotra, Tamilnadu

• 2006 – started : For Social and economic impact• What? - Rural BPO, supports big BPO companies• 4 centres, 100+ Employees• Where – small towns : employing rural youth – teach

typing and English• Salary paid to each – 5000/- (where 1500sqft house rented at

800/month)

• Invested 1.5 Lakh, 4 years now – 2.6 Crore turn over

• People work and also get educated – impact : more net connection in villages, transforms villages

• Now ready to explode on a franchisee mode across the nation


Ecosphere Spiti – Ishita Khanna, (TISS Alum)


• 2000 - Young girl travels to see SPITI, Himachal – taken in by its beauty

• 2001 – Seabuckthorn : medicinal herb used in medicines and juices : women get paid 800/day during harvest season of 40 days

• 2004 – TSERING brand launched• 2007 – Tourism : Home Stays introduced• 2008 – Redesigning houses to save fuel costs by

60%• 2008 – Company formed with local community as

stake holders – 4.2 crore turnover• Ishita now trying to replicate the model in

multiple locations


Ecosphere Spiti – Ishita Khanna, (TISS Alum)

Sanitation taken care of - Rajeev Kher (Symbi alum)


Sanitation taken Care of - Rajeev Kher, (Symbi alum)

• Reality : – 55% population without toilets– 600 million defecate in the open

• Founder- Shramik Sanitation System• Sold 1000 mobile toilet units in 2009• Today: sells units to- Pune municipal

corporation, Southern Railways & pondicherry Govt

• By 2011- To install 5000 such toilets • The sky is the limit… with such a huge need.


Samriddhi – Kaushalendra (IIMA Alum)


Samriddhi – Kaushalendra, (IIMA Alum)

• Dec 2007 – small start• Born in a Farmer’s family from Nalanda• Farmer’s struggle to get good price,

customers struggle to get fresh vegetable• Bridge the two, eliminate the middle-men• Create kissan cooperatives, branded

‘sabjiwale’• Annual turnover April 2009 – 5 Crores• Target – 100 Crores 2011

Watch Kaushalendra in action on the web


Creating markets - Jaydeep Mandal (IWSB, PGP 2nd Year)


• Founded “Renaissance” in june 2009• Rural innovations to commercial

market place• Helping inventors take products or

prototype to the next level, commercialize

• Partner institutes: CII, NIF, IWSB• Bagged a multi-crore project funded

by CII to network innovators

Creating markets - Jaydeep Mandal, (IWSB, PGP 2nd Year)


Bhagwati Herbal Agro Solutions - VIPRESH, (IWSB, PGP 2nd year)


• First member in the whole farmer’s clan to go beyond class 7

• What – Organic Farming and Farmer’s cooperatives

• Where – Aligarh and surrounding districts; transforming rural farmer’s economy

• A celebrity in just few months• SRISTI, NIF, IWSB are supporting his

endeavours• Will have a turn-over of about 10 lakhs this

year

Bhagwati Herbal Agro Solutions - VIPRESH, (IWSB, PGP 2nd year)


Infinite Opportunities.. Innumerable Stories…

• India’s journey has just begun once again

• The entrepreneurial stories can be un-ending

• It is for each one of us to start believing in oneself and be entrepreneurial.


Who is an Entrepreneurial Leader?

• Entrepreneurial Leadership is a mindset. This mindset is as much relevant to be a successful corporate leader as is for one who wants to be on his own.

• Entrepreneurial leaders are transformational and they relentlessly pursue their INFINITY (infinite potential). Typical traits include –

– Healthy appetite for risk– Ambitious and often first movers– Keen eye for opportunities – Challenge conventional thinking– Shift paradigms, create new insights– Relentlessly push the boundaries of possibilities – Assume full responsibility of outcomes– Change the rules of the game– Conscious of their role for the betterment of the society

In short, they mobilize resources, opinions and actions to achieve their goals.


Can I be an Entrepreneurial Leader?

• YES, if each one of us -– Creates a vision for oneself– Is passionate about pursuing our own dreams– Is keen on exploring and learning every

moment– Works hard and is not afraid of failure,

then one will start the journey of realizing one’s INFINITE potential, the journey of becoming an entrepreneurial leader.

• IWSB is all about inspiring and facilitating individuals to be Entrepreneurial Leaders. Here are stories of a few Inspiring Entrepreneurial Leaders who are discovering the ‘Fortune at the bottom of the Pyramid’. Surprises galore. Check out a couple from IWSB too.


IWSB - #1 Campus Destination for Entrepreneurship in India

• NEN Global, an independent body that promotes entrepreneurship in India and the US, lists IWSB among the top entrepreneurial campuses in India in 2009.

• IWSB aims to be the byword for stoking entrepreneurial leadership in India in a couple years time.

• Come, together, let us make it happen.


IWSB among four New Age B-Schools expected to impact India in the near Future

Under Ravi J Mathai Centre for Educational Innovations,, IIMA, Sanjeev is writing a case - “Trends in Business Education in India” that have significant potential to impact the economy and the nation. One of the four B-schools that is being detailed in the case is IWSB.

Sanjeev from IIMA visited the IWSB campus to interview and study. It is indeed motivating to see IWSB being noticed by the industry and academia alike

Sanjeev Bhalla has over a decade of experience in Technology and consulting in India and abroad. This year he has taken a break to pursue PGP-X program at IIMA.

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www.iwsb.in Indus World School of Business

For any more clarifications or queries

[email protected]

9958539995, 09811260004

Come, Let us get the hardworking and passionate

ones to IWSB.

Wishing you the very best!!

Thank you


iwsb stories-think big start small

Documents

bamboo house

dheeraj jumbo

indus world

stoking entrepreneurial

pgp 2nd year

entrepreneurial

entrepreneurial

quick bite