rs 2 per day to rs 50000 by shobha warrier

4

Click here to load reader

Upload: vinodrai-engineers-p-ltd

Post on 19-May-2015

640 views

Category:

Technology


1 download

TRANSCRIPT

Page 1: Rs 2 per day to rs 50000  by shobha warrier

Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road,

Village Dawalwadi, District : Jalna

Jalna – 431 203 ( India )

Ph: +91-2482-262000 Fax: +91-2482-262400

Web: vinodrai.com , E-Mail : [email protected]

Pursuing excellence in rotational moulding.

From Rs 2 a day to Rs 500,000 a month!.-Article by Shobha Warrier

in Chennai, Rediffmail.com He had to start working in a music shop repairing

mridangam, tabla, etc, at the age of seven, not only

because of his love for music but to help his

mother keep the kitchen fires burning.

Today, at 26, he is the owner of Sabari Musicals, a

musical instrument shop and a workshop that

makes percussion instruments.

At seven, he used to earn Rs 2 to Rs 5 once in 2-3 days and today, his turnover is Rs 5 lakh (Rs

500,000) a month!

Meet P Muthulingam, a successful young

entrepreneur whose mind is full of business ideas all the time. Here is his inspiring story in his own words:

All work and no play for child Muthulingam

I was born and brought up in Chennai near the Adyar Music College. So there was music aplenty all around

me.

My father, a tailor, worked far away in Tindivanam (120 km from Chennai) but I stayed with my grandmother,

mother, sister and brother in Chennai.

I started working at the age of seven repairing percussion

instruments in a musical instrument shop. The shop was

next to my house and I used to stand near the shop and

watch the men work

Soon, I was also tuning and making percussion

instruments like mridangam, tabla, etc. It was

not my love for music that dragged me to the

shop; I had to help my mother, who also

worked as a tailor, to feed all of us.

I was paid Rs 2 or Rs 5 once every 2 or 3 days. The moment I got my salary, I used to

give it to my mother. I started working after school and my work continued till 9 or 10 at

night. All my studies were done in the mornings.

Happy with my dedication and hard work, the shop owner used to help me pay my school

and college fees.

Page 2: Rs 2 per day to rs 50000  by shobha warrier

Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road,

Village Dawalwadi, District : Jalna

Jalna – 431 203 ( India )

Ph: +91-2482-262000 Fax: +91-2482-262400

Web: vinodrai.com , E-Mail : [email protected]

Pursuing excellence in rotational moulding.

When I was in the 6th standard, I started learning mridangam, and it went on for six

years. Now, I play the mridangam only when we have Ayyappa bhajans.

I had no time to be a professional mridangam player as my mind was in setting up a

business.

After school, I did my Diploma in Mechanical Engineering and started working in an

auto major's factory. Those were very difficult days as I got very little time to pursue

what I loved most; making musical instruments.

Still, I used to work in the musical shop either in the morning or at night, depending upon

my factory shift. But the machine noise in the factory disturbed me and I longed for the

sound of mridangam and tabla.

Becoming an entrepreneur: After working in the factory for two years

and earning a steady income, I made the

most difficult decision in my life; to quit

my job and start a musical store. It was met

with a lot of criticism and opposition from

family and friends, but I was not bothered;

I only listened to the call of my heart.

I had the confidence that I knew the job

very well. After all, I had been working

from the age of seven. I also knew that

there would always be some work to be

done in the case of percussion instruments.

If you don't use them (percussion instruments) for some time, they need to be tuned

again.

I knew I could make money from what I knew best. I knew not only how to repair and

make percussion instruments but knew how to play them too.

I began by starting a musical work shop on the terrace of a friend's house, and I got work

as a sub-contractor from reasonably big manufacturers. Within a month or two, I decided

to have a proper place, and rented a room in Mandaveli, which is close to Mylapore, the

hot bed of music.

To pay the advance rent for the room, and for the initial expenses, I spent Rs 15,000,

which I borrowed from various people. I started off by only repairing for companies.

Page 3: Rs 2 per day to rs 50000  by shobha warrier

Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road,

Village Dawalwadi, District : Jalna

Jalna – 431 203 ( India )

Ph: +91-2482-262000 Fax: +91-2482-262400

Web: vinodrai.com , E-Mail : [email protected]

Pursuing excellence in rotational moulding.

So I had to invest only in tools and for the advance of the room. There was one boy to

assist me in the work. That was how everything began.

knew with just a workshop and without a showroom for musical instruments, I would not

be able to survive for long.

Starting Sabari Musicals I am an Ayyappa devotee and have been going to Sabarimala (Kerala's most famous

pilgrimage destination) for the last ten years. When I was thinking of a name for my

store, one of my friends suggested, 'Why

not Sabari? You are a devotee of Lord

Ayyappa.' I also liked the suggestion.

That is how I decided to name my store,

Sabari Musicals.

Two years ago, I decided to move to

Vadapalani where there are film studios

and people from that industry stay and

work. The shop I took on rent was on the

main road and naturally the advance rent

was very high. I had to give Rs 1 lakh (Rs

100,000) as advance for this shop.

Help from BYST In a few months' time, I decided to have a workshop too as that was where my expertise

lay. I went to a bank to take a loan but I didn't get it. There I saw the banner of BYST

(Bharatiya Yuva Shakti Trust) and then contacted them. (Some of the entrepreneurs who

have benefited from BYST are Sarala Bastian, Cheryl Huffton, Srividya Ravindranath)

Within a month, I got a loan of Rs 2 lakh (Rs 200,000), and I started buying musical

instruments one by one for my showroom. I ploughed back the profits into the business.

BYST suggested that I diversify my business, like starting a music class too. So close to

my workshop, I rented another room for a music class.

On Saturdays and Sundays, we have a lot of students who attend classes. With plenty of

music reality shows, many boys and girls want to learn to play musical instruments. I

have hired three masters to teach the 60-70 students we have. If one of them is on leave, I

myself take classes once in a while.

I have also formed a music troupe that performs at marriages.

Page 4: Rs 2 per day to rs 50000  by shobha warrier

Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd.,Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road,

Village Dawalwadi, District : Jalna

Jalna – 431 203 ( India )

Ph: +91-2482-262000 Fax: +91-2482-262400

Web: vinodrai.com , E-Mail : [email protected]

Pursuing excellence in rotational moulding.

I give musical instruments for rent to TV serial makers and film studios. As I have a

workshop, I also repair instruments for these people.

Whatever profit I make, I re-invest in my

business. That was how I started a second

shop to have western instruments, like

guitars.

I have five permanent employees and five

part-time music masters working with me.

My monthly turnover is about Rs 4-5 lakh

(Rs 400,000-500,000).

Award

When somebody called me to say that I had won the Citi Micro Entrepreneur Award

2009, I thought he was pulling my leg. I didn't believe her. Only after I got another call

from Bengaluru did I believe the news.

I went to Delhi to collect the award and it was a very proud moment for me. The Rs 1

lakh I got as cash prize was immediately invested in buying more musical instruments.

Future plans I am brimming with ideas all the time. Even when I

am working on a tabla, I think of new ideas. I am

slowly realising my dreams and ideas.

We have our own property in our ancestral place in

Tindivanam, and my plan is to have a factory there to

make musical instruments.

As wood is available there, we can make our own

veena, tabla, mridangam, etc. It will be cheaper than

the ones I buy and keep now. I have a dream to own a

big factory so that I can give employment to many

people. Another dream of mine is to start a music

school.

I want to experiment with percussion instruments. Now they are made of wood; I am

trying fibre glass and different types of wood to make them.

I also want to invent a new musical instrument. It may take a long time for me to realise

that dream but one day, I surely will.