What Are Some Inspiring Indian Entrepreneurial Stories?
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SHARE QUESTION ★ What are some inspiring Indian entrepreneurial SIGN IN TO READ ALL OF QUORA. stories? Twitter Continue with Google Facebook Want Answers 481 Google+ Continue with Facebook 37 ANSWERS ASK TO ANSWER RELATED TOPICS By continuing you indicate that you have read and agree to the Terms of Service. Anuradha Tiwari, Quriousity killed the cat!! Business Sign Up with Email 1.3k upvotes by Habeeb Rahman, Vaagdevi Ravishankar, Raghib Raza, (more) Entrepreneurship The story of Patricia Narayan, winner of this year's 'FICCI Woman BEST QUESTIONS IN Entrepreneur of the Year' award is amazing. ENTREPRENEURSHIP She started her career 30 years ago as an entrepreneur, selling eateries from a How do CEOs stay calm? mobile cart on the Marina beach amidst all odds battling a failed marriage, coping with her husband, a multiple addict, and taking care of two kids. As a startup CEO, what is your favorite productivity hack? Today, she has overcome the hurdles and owns a chain of restaurants. What kind of jobs do software engineers who earn $500k per year do? An entrepreneur by accident Who are the most successful selftaught I was always interested in cooking and passionate about trying out new dishes. tech founders? But, the thought of becoming a business woman never came to my mind at all as I do not come from a business family. Both my parents were government Do shorter CEOs use certain techniques servants. to manage just as effectively as taller CEOs? But my marriage changed everything. Both the families opposed the marriage When is it a good time in a startup's life vehemently as my husband belonged to the Brahmin community; cycle to raise money? unfortunately my marriage did not work out as my husband was addicted to alcohol, drugs, etc. I could not bring him out of the addiction. As a young If I want to become an entrepreneur, woman, I did not know how to cope with this and I was getting beaten up where do I start? everyday. How does a person deal with successive failures? Though my father, a very conservative Christian never forgave me, he gave me refuge when I had nowhere to go. I was thrown out with two very small Where can I find a list of venture capital children. It was a question of survival for me. I knew I should either succumb (VC) funds and angel investors in India? to the burden or fight; I decided to fight my lonely battle. What is the one piece of advice you would give firsttime entrepreneurs? I did not want to be a burden on my parents. So, to be economically independent, I could only do what I knew and what I liked. I started making pickles, squashes and jams at home. I just took a couple of hundred rupees from my mother. I sold everything I made in one day and that gave me confidence. Search for questions, people, and topics Login Sign Up I earned a good income. I invested whatever I earned to make more pickles, squashes and jams. It was quite lucrative in the sense, even ten rupees was a blessing for me. The first step as an entrepreneur My father's friend, who was running a school for handicapped children, was handing out mobile carts or kiosks to people who would employ at least two handicapped people. They needed somebody who could run it and I was offered one such cart free. I had to train the handicapped children to make coffee and serve them to customers. As I lived near the Marina beach, I decided to put the mobile cart at the Anna Square on the Marina beach. I had seen people thronging the beach in the evenings. But I had to make umpteen trips to the Public Works Department and wait for one year to get the permission. Finally, I started working on June 21, 1982, a day I will never forget. The previous night itself, with the help of the local rickshaw drivers, I had rolled the mobile cart to the beach. It was a small move but thrilling as it was my own and I was going to be a business woman the next day. While such carts sold only tea and cigarettes, I decided to sell cutlets, samosas, bajjis, fresh juice and coffee and tea. On the first day, I sold only one cup of coffee and that was for fifty paise! I was very disappointed and came home crying. I told my mother, that I would not like to continue. But my mother consoled me saying, at least you sold one cup of coffee. That's a good sign. You will do well tomorrow. And, she was adamant that I go the next day also. TUhpev noetext 1d.a3yk, I Dmoawdnveo stoeldC sonmamceknst sfor3 9Rs 600700 which was big money for me then! As I started making money, I added ice creams, sandwiches, French fries and juices too. I used to keep thinking of adding more items. I ran it from 1982 to 2003, and the maximum I made from that mobile cart was Rs 25,000 a day. That was during the bandh days! We used to be open from 3 p.m. to 11 p.m. every day, and later, I started opening from 5 a.m. to 9 a.m. for the walkers. I used to personally stand there and sell all the stuff I made. I never felt scared to stand there late at night. My only thought was to prove myself and move ahead. There was a fire in me that made me believe that I could be successful without anyone's help. I did not want to be a failure. If you have that fire, nothing in the world can stop you from succeeding. Offer to run a canteen On seeing my work at the beach, within a year, the Slum Clearance Board gave me an offer to run the canteen at their office with a proper kitchen. The chairman met me during her morning walk. That is how I got the offer. The canteen was a huge success. On Wednesdays, it was the public grievance day, so about 3000 people used to come there and I had a roaring business. I used to get up at 5 a.m. in the morning, make idlis and go to the beach. From 9 a.m. I would be at the canteen. From 3.30 p.m. I would again be at the beach cart and would be there till 11p.m. By then, I had employed people to cook, and clean, and all the cooking was done at the canteen kitchen. My monthly income in those days was around Rs 20,000. Later, I got an offer to run the Bank of Madurai canteen, I stopped running the canteen at the Slum Clearance Board canteen. At the Bank canteen, I served food to around 300 people daily. The turning point One day, after a fight with my husband who used to come to trouble me often, I boarded a bus and travelled till the last stop. I got down and saw the National Port Management training school run by the Central government. On the spur of the moment, I told the security guard that I wanted to meet the administrative officer. I met him and told him that I was a caterer and that I heard they were looking for a one. He said, to my surprise that they were indeed looking for one as they had problems with the current contractor. I still believe it was God who took me there. I got the offer. I had to serve three meals to about 700 students. They gave us quarters to stay. It was a new life for me. I got into the groove in a day. It was successful from day one, and I took care of the canteen till 1998. My first weekly payment was Rs 80,000. I felt so elated having seen only hundreds and thousands till then. During those times, I was earning almost a lakh a week. In those days, I wanted to do everything personally as I felt only then, things would run smoothly. Now I know if I train people well, they will do the work the way you want. Starting restaurants My connection with restaurants started in 1998 when I met people from the Sangeetha Restaurant group. They offered me a partnership in one of the units. But my son, Praveen Rajkumar wanted me to start my own restaurant and build a brand of ours. But destiny played truant with me again. I lost my daughter, Pratibha Sandra and soninlaw road accident, a month after their marriage in 2004. It shattered me, and I withdrew from all that I was doing. Then my son took over and started the first restaurant 'Sandeepha' in my daughter's memory. It took some time for me to come out of the shock and start helping my son in the business. Now, I am fully involved in the business. The fire to succeed has come back to me now. Ambulance to help the accident victims I still cannot get over my daughter's death as I did all this for my children; to bring them up and give them a good life. What shocked me was the way the accident victims were treated by the ambulance operators. When they found that all the four in the car were dead, they said they would not carry dead bodies.