by Rajen KumarMiddlemen Rule PSU Banks
The Union Finance Ministrys recent advisory to the public sector banks to take a tough stand while sanctioning loans to the corporate houses is, to say the least, amusing. The advisory,...
Special ReportsOct 2013
Association of Healthcare Providers India AHPI represents the vast majority of healthcare providers in India to work as not for profit organization for advocacy with...
Igniting the Passion of Amateur Sports in India GameOn
I had no intention of setting up a business in India. I had moved back to India in August 2011, after spending 12 years across Europe and Dubai and was looking forward to life here. The first couple of months were spent house hunting, organising schools, catching up with friends and families and generally settling in.
Moving from Start-up to Small Business
Scalability and Sustainability these two words spell the longevity a business will have. Without them a business is doomed particularly a services based business. Creating sustainable and scalable improvements to a company structure is like building a skyscraper. The first step is choosing the right business model, which provides a blueprint for the effort. The second step is determining how decisions will be made. This serves as a strong foundation. The third and final step is mobilizing resources and putting the decisions into action, which is analogous to actually constructing the high rise. We believe scale is not about how much you can sell. It is positively correlated with efficiency. The greater the efficiency in a business the faster things happen for clients and, importantly, costs can be kept down thus contributing to a better buy price for the customer and a higher profit margin for the seller.
Bringing Grassroots Creativity to the Fore
Astrology is his Fortune Mantra
Who doesn't want to become own boss? Obviously no one would like to be governed by others. Despite the fact, very few people can fulfill the dream in their lives. And if you are coming from service class family, even fewer people can become successful entrepreneurs that too in early twenties. One definitely needs to have risk taking ability driven by novel idea and solid plan. Hemang Pandit's story is that of such entrepreneurs.
Balaji Wafers Gives MNCs a Run for Their Money
Chandubhai Virani and his brothers started wafer business from a canteen of a cinema hall in Rajkot in 1974. Till 1989, wafers used to be made at Virani's house and distributed in and around Rajkot city. Today, deep rooted Balaji Wafers is giving international brands a run for their money, especially in Gujarat and Maharashtra markets. Balaji has already spread its wings in Goa and parts of Rajasthan and Madhya Pradesh also.
VISTAPRINT - Making an Impression
The idea to become an entrepreneur was always there since childhood. While working in Warburg Pincus, Nilesh says he used to meet many entrepreneurs and read project plans. When he left Warburg, he did not have ANY idea of what exactly he wanted to do except that he wanted to have a venture of his own.
From Home Maker to Shirt Maker
Meena Kaviya, belongs to a wealthy family background and didn't require to do economic activities in order to help her family financially. She could have easily chosen a lavish life style of kitty parties and clubs like many other middle aged females belongs to affluent class. In the year 2000, at the age of 30 she, when her kids started going to school, Kaviya decided to do some constructive activity, rather than sitting at home.
Managing Your Core Resource Human Capital Solutions from TenXLabs
TenXLabs is an upcoming IT company whose primary solutions focus on fundamental aspects of human resource Payroll, Training and e-Learning. The module-wise scalability makes the product ideal for MSMEs who would rather implement in small increment packets instead of going the big bang way.
ZOOTOUT Innovative Entrepreneurial Theme Serving Latent Needs
ZOOTOUT helps the consumers to discover the foods and restaurants around the city. It further helps them understand what to eat out in their respective cities. Instead of providing menus, they are providing the specialty of restaurants. Suppose someone is searching to have a Butter Paneer for dinner around the city, the site will filter the best search results where best butter paneer is available around the city. They also let the users to put the specialty or famous dishes of restaurants in ZOOTOUT and after verifying it is put on the website.
Institute of Small Enterprises and Development
The disorganized MSME sector in India seriously lacks proper data and information both at macro and micro level. This seriously hinders proper policy formulation and effective mechanism to provide support to the MSMEs. This impacts all the stakeholders like entrepreneurs, banks, VCs, government bodies as well as foreign investors. The focus of ISED is an enterprise knowledge system. It visualizes the usefulness of knowledge from the angle of triggering an entrepreneurial spirit that empower people. It also targets all stakeholders, like financial institutions, promotional agencies, policy makers and other actors who target the entrepreneurs.
We are One Generation Ahead in Quality and Design: Sanjeev Dayal, KAFF India
Delhi based KAFF Appliances (India) Pvt Ltd is a major player in the kitchen appliances and electric chimneys market in India. The company is on an expansion spree and plans to have a turnover of Rs 200 crore by next fiscal. It is also planning to grow its product range with the launch of built in ovens, refrigerators and wine chillers.
Entrepreneurial Journey: Football Player Thinks up Better Shoes for the Players
Today, Star Impact is a renowned manufacturer and exporter of a wide range of sports shoes and leather articles in India. The range includes specific shoes for sports like Football, Cricket, Hockey, Badminton, Athletic, Marathon , Football Stockings and Pure Leather Luggage Bags, Executive Bags, Ladies Shoulder Bags, Gents Wallets and Belts etc.
He Picked up his Father's Business with Valiance
Today, Sudesh is still struggling with his venture but he has been able to put things in order. He makes profits not more than Rs.12,000/- a month. He tries his best to keep his workers happy. The workplace is well maintained with enough lights and fans. Even while Sudesh is continuing to overcome sudden emotional and financial crises, he is facing problems of space.
Enter and Pour your Heart Out: Different People. Common Thought.Result - 'dakhalandazi.com'
The name has a peculiar story. The brainchild behind this characteristic name is that Alok Dixit and Aseem Trivedi used to run a group in their college with this name. The basic idea behind the name is to register an uncanny presence. We take it as a different name rather than a pessimistic one.
The Prowess of B2B Marketplaces: Kevin Power Solutions Tastes Success
Nivesh conducted a thorough research to find the best tools available to market his products. Alibaba.com showed up as the No.1 B2B online trading portal, and Nivesh believed that th portal will be a useful tool for their business. He went on to register Kevin Power Solutions with Alibaba.com. This was in 2008. They have since experienced significant growth in their business and, today, their technology is well-known and accepted across the globe.
Waves Hair : Hair She Comes
Virtually, with no experience of managing a manufacturing unit for an international product, she decided to have a go and went about setting her own company on the Alibaba.com's platform. Mallika Shreekumar, owner and CEO of Waves Hair, has since made waves in the business. Today, Waves Hair exports to countries in North America, South America, Eastern Europe, Southeast Asia, Africa, Mid East and Eastern Asia and Western Europe.
Kitek Technologies: How Alibaba.com Opened the Floodgates for Them
While he was surfing the Internet looking for possible opportunities, Shaji cameacross Alibaba.com, and at once signed up for Alibaba.com's free membership. gAlthough inquiries came our way but little materialized into business but somehow I could sense the potentialh, says Shaji who approached the Alibaba.com's office in Mumbai.
B2B Marketplace helped Nimbus Engineers in Exploring International Markets
Being a young enterprise, it is the technology which is a driving force at Nimbus Engineers. Luhar has invested in CAD/CAM facilities which have aided in furthering his business objectives. Realizing the importance of the online medium at the same time, Mr Luhar registered his company with IndiaMART.com, the pioneers in B2B marketing in India.
Rahul Cables: Cordial Relationship with Clients is the mantra of their Success
The sharp business acumen of the people at the helm of affairs is proved by the fact that they have realised the power of the World Wide Web and have aligned with India's largest B2B platform IndiaMART.com to increase their reach. "It's been a year since we have aligned with IndiaMART.com and we hope to receive good enquries from them," says Rahul.
Snehal Creation: Those not Availing the Alibaba.com Advantage are Losing Business
The reason that we are getting more business from Alibaba.com everyday lies in the fact that we have a verified profile on Alibaba.com. As a trusted Gold Supplier member on Alibaba.com, enquiries materialize faster into orders and the membership definitely gives Snehal Creation an edge over its competitors, says Mahesh on a note of pride.
Emmbi Polyarns Limited Envisioning a Global Leadership
Collaborating its efforts to imprint its name in the international market, Appalwar freely used e-commerce and did liaison with IndiaMART.com. He says, IndiaMART.com has given valuable support in augmenting growth of my business. Moreover, it is a move in the right direction for the company as this would connect them to their prospective customers.
Virshakti Plywood: E-Commerce is Indispensable
Ethnic India Impex: Ready for Quantum Jump with E-commerce
It was Jyotsna who first came across Alibaba.com through an online search. She registered on Alibaba.com in 2001 as a free member. Now as a Gold Supplier member, Ethnic India Impex receives more enquiries and priority listings in comparison to being a free member.
Internet introduced them to the world market
Raman finds that e-commerce has proved to be a very effective business tool and B2B e-commerce platforms are a simple mechanism to grow a business beyond traditional markets. For instance, before joining Alibaba.com as a Gold Supplier member, Asian Adores exported their products to markets such as Europe, North America, Middle East and Australia, which are large markets for leather goods.
Pearl India International Inc is one such story which has left an indelible mark in the highly competitive market. Ravi Shankar, founder, Pearl India International Inc, always had the mind of a businessman, and the desire to become an entrepreneur was so strong that he started his own business with his pocket money at the age of 16. I had a passion to do something on my own, have my own company, says Shankar.
E-Commerce is the Secret of Their Success
Kamaal Souvenier Handicrafts, a Moradabad (U.P.) based enterprise engaged in the manufacturing of metal handicrafts like home decoration, hardware knobs, kitchen ware, bathroom ware and table ware etc. is a vibrant exporter to Australia and parts of Europe and America and Australia.
Internet introduced them to the world market
Asian Adores first started as free member on the portal and they saw some hope. The breakthrough came only after we signed for Gold Membership with Alibaba.com and we were amazed to see the response. We realized sky was the limit for our business, says Raman.
New India Technologies makes an impact in manufacturing sector
In this age of cut-throat completion, New India Technologies too has evolved new ways of publicity. Now, the marketing is done through internet portals like IndiaMART.com. It has helped us immensely in our business. We keep getting enquiries through it, says Kanik. Moreover, there are fixed buyers who keep coming back with orders.
Mother Herbs Saving our Herbal Heritage
We started with Mother Herbs in 2004 as a one man company and today our work provides employment to some 100 rural people mostly women. We are now approx 12 members team and we employ approx 100 unskilled workers. We have been averaging approx Rs 3 crore in past few years.
Kwality Engineering Corporation: His Iron Will Fabricated His Dreams
I finally started fabrication of stainless steel pressure vessels in May, 2004, says Praful enthusiastically. The plant then had two manufacturing units with 100 per cent in-house production facilities including dishing and X-rays.
Alibaba.com is my Saviour in a True Sense
We believe every woman deserves a very special corset, crafted for every special occasion. And that is why we have fashion corsets, tight lacing corsets, authentic Victorian and Edwardian era corsets, prom corsets, bridal corsets, waist training corsets, Burlesque and much more.
The Potential of B2B Market Place: They got their First Export Order through Alibaba.com
In fact, with Alibaba.com, it is always a win win situation. No one can lose anything, quips Irudai and adds, Alibaba.com's Gold Supplier membership has helped me to seamlessly step into the global market as a supplier. I owe Alibaba.com the global exposure that Metal Closures has, says Ignatius.
Santec Exim Pvt. Ltd: Following the Path to Success
young entrepreneur, Sangal completed his BE degree in production engineering from Pune University. His dream to become one of the leading manufacturers of hydraulic presses came into being more than 11 years ago. He says, Within a short span of 11 years, today we export our equipments to over 35 countries.
Lala Jagdish Prasad & Co. Clinching Top Position
Our Commitment to Quality Will Help us Reach No. One Position
In 2009, he decided to go in for Gold membership of Alibaba.com and within two months, the first genuine order came and things started moving. At that time the global market was experiencing economic slowdown and exports were badly hit but we managed to survive somehow as our customer service and quality came to our rescue. Being a Gold member of Alibaba was a great advantage to us, says Sandeep.
Giving Shape to a Vision
He Gave up Lucrative Bank Job to Taste Entrepreneurship and Success
Also, his association with IndiaMART.com, an online B2B marketplace has had a favorable impact on his business. He says. We could develop our business to a great extent with the help of IndiaMART.com.
Quality Spells Success for Aspec
Under the proficient and able leadership of Chakraborty and Agarwal, the company has seen spiraling success in a short time. At present, Aspac offers an entire gamut of holograms such as hologram stickers, holographic foils and taggers, holographic tapes, printed labels and scratch holograms to mention a few.
Converting dreams into reality
Sodexo: At the Doorsteps of Small Entrepreneurs
Sodexo's On-site Service Solutions is also the market leader in its business offering comprehensive service solutions to various segments like education, Health care and Remote Sites. By rebranding the name Motivation Solutions from Service Voucher, Sodexo seeks to reassure its ambition to contribute to motivating people within organisations.
The success Story of Sanjiv Kakkar: Changing with the Trends is the Mantra for Success
Kakkar never wanted to be a captive of same environment or trend and hence understood the importance of up gradation with time. He visited various countries to know more about the upcoming new trends. He attended Bologona Tile Fair along with Kajaria seven times in Italy, the world center of tiles. His experiences overseas made him broadened his vision and made his showroom with outstanding innovation.
Going Strong with Five Generations: Inking their World Colourful With the Printed Word
Rajesh, the Man behind Ink & Print, has become a popular name in the industry and dutifully promotes the various technological developments in the industry. He has been a visiting faculty at various printing institutes and colleges not just only in India but abroad too. He has been visiting faculty at Printing Promotion, Germany, London College of Printing, Printing Institute, Bahrain, Indian Institute of Technology, Kharagpur, Institute of Paper Technology, University of Roorkee, etc.
Quality and Professionalism Are Our benchmark: Tariq Akbar
Today, Aliza Exports is a leading manufacturer and exporter of a large range of Equestrian / Pet Articles. The range includes Synthetic/Leather Saddles, Harnesses and all strapping goods. We have a wide range in all season Horse Clothing and the required Metal Hardware, inform Tariq, the Managing Director of Aliza Exports.
JYOTI RAMNATH: Her Innovative Mind Crafts a Unique Business
Jyoti Ramnath is the founder of CraftMyGift (www.CraftMyGift.com), a company specializing in creative and unique gifts in India. While at the idea stage, CraftMyGift won the best business plan award at MPWE (IIM-B) in 2007. A first generation entrepreneur, Jyoti has been able to take CraftMyGift from a new experimental concept to a fully functional business. Jyoti has been featured in the book Inspiring Women to Start Innovative Enterprises by Sria Majumdar. Recently Jyoti was also selected as one of the 100 Most inspiring young entrepreneur fellow across Asia Pacific by FYSE (Foundation for Youth and Social Entrepreneurs).
Sun and Diamond Formulation - SME Success Story
Few companies manage to retain its pace of growth in the dreaded recessionary trends. Siomond Pharma is one of them. The company managed it growth rate of 50 per cent in comparison to the pharma industry as whole which has been growing at an average rate of 18 per cent for last few years.
Chandni Chowk to Whole India
Normally, we show the frames according to customer's requirement. If the customer stresses on price, we show plastics frames and if he emphasize more on durability and light-weight we then others frames. We have multiple coloured frames in variety of models for all class of consumers suitable to their need and budget, says Bhaskar Bose, who assists his father for smooth operation of optical retailing.
Sourcing From Industry Clusters In Over 5000 Villages
KVR Intexx started catering to clients overseas who would outsource their requirements of various goods with multiple varieties. gWe found the progress rather slow and I started getting glued to the internet which was a new phenomenon in Indiah In 2004, he hit upon the alibaba.com site.
IT Professional Turns into Big Time Ethnic Garment Exporter
DesignTech Achieves Technological Excellence
DesignTech Systems, took its first baby steps in the field of CAD/CAM way back in 1998. Started in a small rented place as a petty distributor for SDRC's Design Solution Ideas Artisan, in Pune, the company has since experienced unprecedented growth and success.
How IVYCOMM System Expended their Horizon?
My favorite feature in Alibaba.com is definitely TradeManager. It has made conducting business easier, said Puneet. The online chat functionality allows me to stay connected with buyers. Being able to chat with buyers in real-time has sped up the negotiation process.
Exotic India decorated with Best of the Web award
Feature Entrepreneur Dewang Neralla Executive Director and CTO FT Group Company
Dewang Neralla, Director and acting CEO of atom Technologies, is also Executive Director & CTO of Financial Technologies (FT) the technology leader for creating next generation financial markets. Atom was started in 2006 as an FT group company focusing on the m-payments ecosystem and financial inclusion through the mobile and aims to transform the payment scenario.
Feature Entrepreneur - Nandan Nilekani - co-founder of global software
Amit Maheshwari CEO and founder, Softlinks
SURYA Emanates New Light through
Surya Roshni Ltd, a leading manufacturer of a range of electrical lights and related products, has been pro-active in its commitment to conserve energy and has been leading campaigns devoted to the this purpose
Prem Industries: A Unique Culture at Work
According to R. Vethanayagam, the Chief Executive, the secret of success of any enterprise lies in the development of work culture and we observe strict work discipline from day one. Today each and every person who works here is our asset.
Encon Industries: Challenging Jobs Are Our Forte
Fabrication (mild & stainless steel), Machining and Equipment erection is the core area of the company which has recorded an impressive 25% growth in the last three years. We expect much better performance in the coming year, says K. Prakash, the managing partner.
SAGAS Autokit is a Success Story
Sanjay further informs, When Mumabi and Surat were hit by floods recently, hundreds of autos were almost under water for days. When the flood water receded, the autos fitted with Sagas LPG & CNG kits were able to start and run about without any damage.
M.B. Nagakumar - Started real estate business in 2003 and Developed 8 projects successfully
Nagakumar started real estate business in 2003 and developed 8 projects successfully. Mysore is now a happening place and is slated to be the next destination with all round progress taking place, says Nagakumar and believes that the city offers a sea of investment opportunities.
Rakesh Rastogi Featured Entrepreneur - Successful Entrepreneur Mantra
Featured Entrepreneur- Sardar Amar Singh-The founder Eye Brand, Axles
Amar Singh, during his lifetime, laid stress on innovations and stressed on \\\'learning and applying\\\'. He developed his own quality standards much before the international quality standards were invented. Amar Singh was hard work, never-say-die spirit, determination and confidence personified.
Charity begins from the Heart
Amidst the din of India's 9% economic growth and in the loud noises of our march towards superpower status, the plight of the poor gets swept under the carpet. Corporates biggies might be sitting on the bounties of a booming economy, but not many have gone out to dole out even a small fraction of their earnings for charity.
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
Of the 80 odd seasons that he has been through, he savoured less springs and suffered more rains, proverbially. Not that time took a toll on his age, it was his own siblings who dumped, nay disowned,...
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