Citing new modifications to US customs laws, DHL Express, the logistics division of Deutsche Post of Germany, will temporarily halt international business-to-consumer (B2C) shipments valued at more than $800 to recipients in the US beginning April 21. The decision is in reaction to revised customs clearance regulations that have considerably limited the processing of higher-value shipments, according to a notification published on DHL’s website, the metadata of which showed it was produced on 19 April. All shipments over $800 are now subject to formal entry procedures under the updated rules. Prior to its reduction on April 5, the threshold was $2,500.
Shipment Valued Under $800 Remain Unaffected
Business-to-business (B2B) shipments will continue, although they might be delayed because of the new clearance processes, according to a number of media sources. The new restriction, however, has no bearing on shipments under $800, whether they are B2B or B2C. In its statement, DHL called the action a “temporary measure” meant to help the company adjust to the evolving legal landscape. The business reaffirmed that it is assisting clients in comprehending and navigating the new compliance standards by working closely with them.
Tug of War Between Hongkong Post and US Authority
DHL stated last week to a media agency that it would continue to handle shipments from Hong Kong to the US in compliance with the relevant customs laws and regulations. The business added that it would help clients through the changeover before more adjustments are anticipated on May 2. The development also tracks Hongkong Post’s latest moves. Sea mail services for items headed for the United States have been suspended, the Hongkong Post announced. Following the US government’s decision to remove tariff-free trade rights for packages coming from China and Hong Kong, the Hongkong Post accused Washington of “bullying”.
The change in policy is viewed as a hot spot in the larger trade dispute between the US and China. Beijing has retaliated after President Donald Trump announced new duties totalling 245% on goods from China and Hong Kong, citing fears over fentanyl trafficking. Logistics companies like DHL are left to handle the aftermath as the two biggest economies in the world continue to stand apart, along with the international companies and customers who depend on them.
About DHL
Adrian Dalsey, Larry Hillblom, and Robert Lynn had no idea how they would transform the logistics industry when they created DHL in 1969. DHL is currently the top logistics provider in the world. With operations in more than 220 nations and territories, DHL provides a broad range of services, such as supply chain solutions, freight forwarding, and expedited delivery. In addition to offering domestic package services in partnership with Deutsche Post, they are well-known for their international express delivery, especially DHL Express.
Papa John’s, one of the world’s largest pizza delivery chains, entered the Indian market in 2006 with high hopes and global brand recognition. However, despite its international success, the brand struggled to connect with Indian consumers and eventually exited the market in 2017. This case study explores the reasons behind Papa John’s failure in India, including its challenges with localization, competition, and operational strategy, and what lessons other global food brands can learn from its experience.
Papa John’s was founded in 1984 by John Schnatter. After his venture became a success, the company went public in 1993. The growth of Papa John’s was so phenomenal that within a year that it had 500 stores, and by the year 1997, it had a total of 1500 stores. Papa John’s operates over 5,500 locations across 49 countries and territories, making it the third-largest pizza delivery company in the world, which is inclusive of both restaurants and company-owned stores. The restaurant chain has opened its franchises in many countries across the globe, including Russia, Spain, Colombia, the United Kingdom, Mexico, etc.
Papa Johns Entry In India
Papa John’s took its first step in India in 2006. They were run by Om Pizza and Eats. This firm was owned by the nephew of the steel baron Lakshmi Mittal, Atulya Mittal. Their main intention was to seize the pizza market in India and attract the customers of the already established pizza giants in India, like Domino’s and Pizza Hut. Papa John’s first opened four outlets in India.
They had very clear reasons for choosing India to expand their business. One of the main reasons was the immense efficiency of the consumer food market as far as national productivity, innovation, and R&D were concerned.
The pizza segment was contributing a major part of India’s gross fast food market. Along with this, the scope for tourism and the presence of a mix and diverse culture opened up a wide range of opportunities in front of the company as far as experimentation and innovation in their products are concerned.
They were also sure about the much-needed glocalisation that has to be done to suit the Indian taste and culture. They also decided to promote their brands in different ways, including advertisements in all kinds of media. They also ensured that the pricing of their products aligned with the capacity of the local people.
In June 2006, Papa Johns Pizza opened its first outlet in India in Noida. Aiming to take advantage of the rising middle class in India, it planned to open various outlets in all the prominent places in India. These places include Delhi, Haryana, Punjab, Himachal Pradesh, Rajasthan, Uttar Pradesh, and Uttarakhand. The outlets were opened by Om Pizza Eats India, the master franchise for Papa John’s.
Om Pizza had been operating more than 15 Papa John’s outlets across India and had a revenue of INR 25 crores and expected an annual cash loss of INR 10 crores. However, in December 2013, the controlling stakes in the major franchise were bought by Avan Projects for INR 25 crores.
Along with Avan Projects and Global Franchise Architects, Papa John’s announced a merger with the existing Pizza Corner stores in South India. This happened during the first quarter of 2015.
This merger helped Papa John’s expand the number of stores in India by more than 40 stores. But it had its downsides. Now they had outlets in major south Indian cities like Bangalore, Chennai, and Hyderabad. By the end of 2015, they were operating in 11 cities in India. They were Mysore, Bengaluru, Hyderabad, Chennai, Vellore, Maddur, Pune, Hosur, Mumbai, Mandya, Tirupati. Do note here that by this time itself, the first outlet at Noida was already closed.
There are several factors responsible for the failure of Papa John’s Pizza India. The challenges faced by Papa John’s that eventually resulted in the fall and closure of the Pizza company in India are mentioned below.
Unprepared for Competition
In India, Papa John’s had to face a lot of unprecedented challenges. Not all the challenges can be included in this category of unexpected; some of the problems were due to the lack of planning and vision of the firm.
The first one was its inability to compete with the giants in the industry, like Pizza Hut and Domino’s. Not only that, but the other two really took advantage of the shortcomings of Papa John’s, which made things harder for the company.
Although they trained their employees efficiently to use technology and build the name of the brand, they were unable to reach the lighter end of the tunnel. They lost all of their customers to the giants – Domino’s and Pizza Hut.
As mentioned earlier, the net profitability of Papa John’s was way behind that of Domino’s and Pizza Hut. Reports say that their net margin was only 4.6% of their total sales, while Domino’s Pizza and Pizza Hut had a net margin of 8.2% and 7.9%, respectively. This was the data of 2014, and it was during this dangerous juncture that Papa John’s came to terms with Pizza Corner for the merger.
They did not consider the risk factors involved with such a merger and nor did they calculate the risk that is associated with a probable failure. When they took so much on themselves, the management was unable to operate efficiently in their newly opened stores.
India Quick Service Restaurant Market
Lack of First Mover’s Advantage
During this time, Domino’s was expanding its outlets in India like wildfire. The company had only 364 stores in 2010. It rose to a whopping 1127 stores by the time it was 2017. As far as Papa John’s was concerned, it had only 66 stores across 11 cities in India, while Domino’s had launched its outlets in more than 265 cities.
They were also quick enough to become the first food service company that launch online and mobile ordering across India in a successful manner. The phenomenal growth of Domino’s crippled the expansion of Papa Johns. They were unable to compete with the extremely fast delivery and sophisticated technology of Domino’s.
One of the biggest setbacks that Papa Johns Pizza had to face was that they never got to have the first mover’s advantage. They were always the ones to watch Domino’s faring heights helplessly. This enabled Domino’s to sell its pizzas at a very low profit margin. They were able to bear the cost because of the wider presence they had across the nation. This further adversely affected Papa John’s Pizza.
Overdependence on Technology
While most of the firms, especially in the fast-food market, prefer people who are warm and cordial to others, Papa John’s looks for employees who are technically sound.
It forgot the fact that the staffing in the stores plays a very important role in establishing any outlet. This, along with the absence of good training and the lack of a sound employer-employee relationship, put Papa John’s in a very dark spot. One must say that they were dependent more on technology than on developing their human resources.
Unwise Choices
It is always important to watch the indicators such as exchange rate, interest rate, stock exchange, imports, exports, and similar details that inform us about the world economy. By inferring the nature of these indicators, every business firm should be able to improve and work on its EBITDA. However, Papa John’s was more interested in building its brand rather than strengthening its foundation.
They did not pay enough attention to the existing stores while they were busy opening up newer outlets in South India. When things were going south, instead of looking for ways to improve their business, they went on a merger with Pizza Corner, which demanded a huge investment. The inability to choose the right choice among the available choices further paved the way to the exit of Papa John’s from the Indian market.
Customer Dissatisfaction
Papa Johns India Pizza Pricing | Papa Johns menu vs Dominos menu
There is a very common phrase that never gets old in the business world – the customer is king. It can be observed that many times Papa John’s Pizza forgot this mantra. While they had planned the glocalisation of the menu, it did not materialise well when implemented.
In India, pork consumption is not that popular. Papa John’s India should have identified this cultural nuance and excluded or kept a low profile for their pork dishes. There are already existing examples where many international companies in the food business adapt their menu depending upon the country, if not the regional states. However, Papa John’s did not look into it, and their dishes were not accepted as dearly as they accepted Domino’s and Pizza Hut dishes.
It is understood that it does not mean that the whole of India does not eat pork, the numbers were very less and this led to a situation where there was absolutely no demand for the pork varieties.
This again would not have been a problem had they been able to effectively popularise their other dishes. But they were very behind in the market while Domino’s and Pizza Hut had an extremely localised menu that aligned with the likes of pizza lovers. This led to a rapid decline in sales.
Papa John’s is set to reenter the Indian market in 2025 after exiting in 2017 due to underperforming stores. Although its return was initially planned for last year, the launch was delayed. Now, the company aims to open over 650 outlets in India over the next decade. Papa John’s is taking a careful approach, ensuring its franchise partners have the right menu, technology, and restaurant setup to succeed in India’s complex market with diverse consumer preferences.
Conclusion
It can be concluded that the inability of Papa John’s to analyse the existing market and the nuances of the local market made them highly incompetent. While Papa John’s India saw a diverse population as an opportunity to expand their outlets, they did not foresee the challenges that are associated with it. Being in the business world, they should have been more careful about the correct signs that we see around and should have acted accordingly.
The untimely merger also came as a blow to the third-largest pizza delivery chain in the United States of America. Had they researched more about the demographic distribution of the Indian population and the challenges and advantages of the Indian fast food market, they would have had better luck in this country.
The case of Papa John’s is an example for all the entrepreneurs out there to have a clear understanding of the existing market and a clearer vision for their business in the future before getting into it.
FAQs
Who founded Papa Johns?
Papa Johns was founded by John Schnatter in 1984.
Is Papa Johns available in India?
Papa John’s entered India in 2011 and shut down its operations in 2017.
Why Papa John’s failed in India?
Some of the reasons why Papa John’s closed in India are:
Papa John’s was Unprepared for Competition
It lacked First Mover’s Advantage
They were over-dependent on Technology
Customer Dissatisfaction with the types of Papa John’s Pizza
Who were the biggest competitors of Papa John’s in India?
Dominos and Pizza Hut were the biggest competitors of Papa Johns, which were already successful in capturing the Indian market before Papa Johns.
What happened to Papa John’s pizza?
Papa John’s entered India in 2006 but exited in 2017 due to challenges such as poor localization, operational inefficiencies, and stiff competition from established players like Domino’s and Pizza Hut. The company failed to adapt its menu to Indian tastes and struggled with delivery logistics and customer service, leading to underperformance.
Is Papa John’s in India?
Papa John’s is planning to reenter India in 2025 after closing in 2017.
The Automobile industry in India is on the upswing due to the surge in the economy and technology. They have opened the gates for many startups and business ideas to flourish. Car care businesses will continue to grow at a faster rate than the overall economy. Forward-looking indicators suggest there is plenty of opportunity for additional growth in the future.
The society of Indian automobile manufacturers is the crown jewel of the transportation industry, and the business opportunities they provide are innumerable. The reason is the increasing population of vehicles. Another reason is the growing number of average miles driven by individual vehicle owners. The automotive industry is Pandora’s box for many innovative and creative entrepreneurs. So, we are here with some awesomeautomobile business and car-related business ideas for you.
An automobile is meant to provide a comfortable, plush, personal experience that can be personalized to the extent one wishes it to be done. The exteriors of an automobile indeed need to be considered for others, but then you must consider the interiors of your vehicle for yourself, if not for anyone else.
Automobile accessories shops are known to delight vehicle owners and are becoming popular. An auto interior shop can thus be a great choice if you are looking for an automobile-related business.
2. Lubrication Oil Retail Shop
Fuel oils are certainly a necessity when it comes to an automobile, but we often forget about lubrication oil, which is also as important as the former, if not more. Lubrication oil plays a major part in helping a vehicle to function to its fullest potential. However, oil shops selling lubrication oil are not found everywhere, except in petrol pumps, which makes it more demanding than ever, therefore making it a good car-related business idea.
3. Electric Vehicle Charging Station
Automobile Business Ideas – EV Charging Station
E-vehicles or electric vehicles (EVs) are quickly in prominence. Furthermore, the manufacturing of electric vehicles is also getting all the support of the world to bid adieu to the cursed carbon footprints and usher in a sustainable future for us. Electric vehicles would reduce the overall cost and the total amount of pollution emitted, but they also demand proper charging stations to thrive. Creating or spending on electric vehicle charging stations can, therefore, be an innovative and foolproof idea for anyone looking to build an automobile-related business. Get a detailed guide on how to start an EV Charging station business in India.
4. Automobile Franchises
The automobile industry is booming at an alarming rate, and automotive business ideas, including automobile franchises, are becoming more and more popular each day with the increasing number of automobiles on the road. Therefore, if you are looking to start with a car business idea, then beginning with an automobile franchise is a safe and lucrative option.
5. Car Wash Business
Running a mobile car wash business is a smart way to make a lot of money in the car business without taking much risk of capital investment. The business also eliminates the requirement for a retail business location. Know more about how to open a Car Wash Business.
6. Trucking Business
Automobile Business Ideas – Trucking Business
The automobile business plan includes transporting goods from the place of manufacture to the consuming state. They transport raw materials, machines, processed food, etc. This can be a highly rewarding business idea for the automobile industry in India.
7. Packers and Movers
Life is ever-changing, and we don’t know this moment where we will end up in the next one. However, with promising packers and movers services, we can always ensure the security of our belongings. The need for trustworthy packers and movers will never end. Therefore, packers and movers services always remain one of the most valuable vehicle business ideas of the lot that ensure positive returns. This is one of the most profitable car businesses idea.
Automobiles are not regarded as useful travel companions but are also synonymous with class and status, and above all, should always be maintained well to get the service you need. Besides, everyone wants to make their cars look dapper and unique on the road, and it is for this reason that most of them opt for automobile spraying services, which makes their vehicle stand apart from the general fleet. Furthermore, spraying automobiles with the colors of your brand can also lead to effective branding. Therefore, if you are interested in automobiles and looking forward to generating lucrative business ideas in the automobile industry, then setting up a spraying and branding workshop may well be an option for you!
9. Sale of Motor Vehicle Insurance
When there are vehicles, there must be effective ways to protect the owners from thefts, accidents, or damages inflicted on them. Besides, automobiles are quite expensive to not have dedicated insurance policies for them. Insurance policies benefit not only the owners but also those who sell them, so much so that people can hope to create a fortune out of the sale of motor vehicle insurance. Look at the best Insurance franchise businesses in India.
Automobiles are secured by insurance services and their locks. Can you imagine a car without locks? Truly a nightmare, isn’t it?
Along with the launch of high-end, expensive vehicles, their security is also becoming a growing concern each day. We cannot say when the locks of our car break down all of a sudden. However, with experienced and reliable locksmiths, we can rest assured. Auto locksmith service is necessary for all who possess automobiles, and the demand for auto locksmith services is not to be any lesser shortly, making auto locksmith businesses a rare but lucrative choice of business ideas in automobile industry.
11. Vehicle Licensing Brokerage Service
Vehicle licensing is essential regardless of where you live and the kind of vehicle you possess. Besides, it is very lucrative, too. Do you know a whole industry of people who work in the vehicle licensing sector?
Yes, you can also consider vehicle licensing and brokerage services as part of the diverse array of automotive businesses while jotting down the business ideas in the automobile industry, provided that the rising demands it is witnessing lately.
12. Tire Store Retail Business
A tire store business opportunity demands full control of inventory and some adequate knowledge about different types of tires that come with different unique numbers. One can start this business in the automobile sector in a metropolitan city or a small town, making it a viable option among various car-related business ideas.
13. Food Truck
Automobile Related Business Ideas – Food Truck
The automobile business plan involving food is a new-age concept in India; the food business is always a profitable one. These food trucks attract a wide range of consumers, especially those located near beaches. Food trucks are one of the most profitable and successful business related to cars.
14. Battery Reconditioning Business
The battery reconditioning business provides the service of restoring energy-less batteries to their full original capacity. It can be done by adding some chemicals and using some simple methods. As the vehicle population grows and consumers become more cost-conscious, the potential of increasing this business is obvious.
Automobile magazines are among the most profitable automobile business ideas. There is very good demand in the market. By focusing on a niche audience an individual can start this business with proper editorial and marketing infrastructure.
17. Vehicle Review Blogging
Vehicle review blogging is a home-based, low-cost business idea that anyone can start. By using this review blog, you will be helping individuals make decisions about which car or vehicle will be perfect for them.
18. Mobile Windshield Repairing
A mobile windshield repair business can be initiated from a home location with low startup capital. With little inventory and low operating overhead costs, any individual can start this business with a proper marketing strategy.
19. Airport Bus Shuttle Service
Car Business Ideas – Airport Bus Shuttle Service
Shuttle service in airports needs no introduction. Faster mobility with larger vehicles like buses is indispensable to transporting a fairly large crowd to their respective flights inside the airports quickly. Therefore, the airport bus shuttle service, as part of innovative car business ideas, can also serve as an excellent vehicle business idea if you are looking forward to one!
20. Auto Accessories Store
Four-wheelers are expanding more than ever, and with the increasing number of automobiles, the demand for maintaining them is also increasing by leaps and bounds. Auto repair and accessories stores have multiplied their incomes manifold in the last couple of decades, and the demand is here to stay, making it an amazing business plan for those looking to build an automobile-related business.
21. Aviation Fuel Supply
We love to travel. Whether it is traveling within our country or flying abroad, airplanes cut short our journey and make it as comfortable as we want it to be at cost-effective rates. This expansion of the aviation industry has also raised the demand for fuel supply in general. Therefore, if you are thinking about vehicle business ideas, you might well include aviation fuel supply services in your plan!
22. Exporting Automobile Parts
The automobile business plan leads to the way to exporting their parts. Many foreign manufacturers are relying on India for spare parts due to various factors that make their products much more efficient. Major global luxury brands source their spare parts from India.
23. Auto-Body Store
The auto-body store business provides auto-body repair and new bodybuilding services, and sells spare parts and accessories related to the vehicle body. As the number of vehicles is growing, the business opportunity of auto-body stores is also increasing globally, making it one of the best global and profitable auto business ideas.
A Tow Truck service business provides services to help damaged or abandoned vehicle owners wheel their cars to the service station or to the desired parking destination. An individual with demographic ideas and knowledge about the towing arrangement for the breakdown vehicle can initiate this business with substantial capital investment.
25. Automobile Repair Service
Among the automobile business ideas, this business idea is perennial and thriving. It is a quintessential model of business in this industry that can be highly rewarding. It goes without saying that automobiles require regular service, and due to constant usage, they need to be repaired.
26. Driving School
Establishing a driving school can be a self-rewarding and profit-making venture. An individual with a flair for marketing can initiate a driving school business with moderate capital investment. Having a driving school is one of the lowest-investment automotive businesses. Running a driving school is a practical and profitable small car-related business idea.
27. Restoration Business
Automotive Business Ideas – Restoration Business
The revival of vintage cars has been a luxury for many due to the scarcity of restoration professionals. After the internet boom in India, the restoration of automobiles has picked up some pace, along with other car business ideas. As the economy changed its course, so did the taste of the people of India, which led to “customization” according to their personal needs. Also, the metro cities are hosting many festivals showcasing vintage cars. The old cars of no use are now restored to pristine condition. The restoration of automobiles, including various car business ideas, can be highly profitable based on the automotive industry in India and the quality of work.
28. Courier Service
Do you know that the oldest courier service in India is the Indian Postal Service? The courier service company was established in the country on April 15, 1774. An industry with a rich history of around 224 years has only bettered and grown far and wide across the country, showcasing opportunities for various automobile business ideas. Furthermore, it has been and is continuing to be a huge opportunity for any startup company to be established in this sector, with vehicles holding a central place in these services. Therefore, it is surely one of the most lucrative vehicle business ideas to invest time in!
Fresh delivery and disposal services go hand in hand. Effective disposal service is the need of the hour, and this need is pushing the industry to invite promising newcomers with decent ROI. Waste management has become a necessity. If you are wondering about innovative and promising automobile business ideas, then dump trucks or waste disposal services may well be your option, given the rise it has witnessed in the past years.
30. Limo Service
The automobile industry has grown with time, packing convenience, comfort, cost-effectiveness, and luxury at the same time. Running a Limo service is one of the most profitable car service business ideas. A business with cars can be highly profitable with the right market and services. Along with affordable cars that cater to the needs of the general public, four-wheelers have not disappointed the upper class or the rich people of society with the help of the premium vehicles that the industry boasts of. Limo service is one of the high-end services modeled on the automobile industry and can serve as a towering idea when it comes to automobile-related businesses, including premium automobile business ideas.
31. Mobile Mechanic Service
Automobile businesses perform well only when they are well-maintained. Automobile repair or maintenance is, therefore, a key to any well-functioning automobile. Mechanic services for automobiles were earlier stationary. With the emergence of mobile mechanic services, the industry is simply witnessing a revolution. This is also bringing in a host of fresh employment opportunities and, along with it, driving this present generation of entrepreneurs. It is one of the most profitable car related business ideas.
The escalating numbers of vehicles worldwide amplify the challenges associated with finding adequate parking spaces, especially in major cities. Launching a multi-storied parking facility designed to accommodate various vehicle types, including cars and trucks, stands out as one of the most lucrative automobile business ideas in the realm of automobile-related businesses.
33. Used Car Shop
Starting a used car dealership can be very profitable. You’ll need space for a car lot, skilled technicians to fix and maintain the cars, and a few salespeople to help customers find the right vehicle. This requires a significant amount of money upfront. Before you begin, make sure you understand how car values depreciate and keep up with market trends.
34. Vehicle Service on the Move
People are very busy with their personal and professional lives these days, so they don’t have time to get their vehicles serviced. A mobile service station can be a great car-related business because many potential customers need this convenience.
Cab companies are common worldwide, but sometimes women feel unsafe riding in them. Having cabs driven by women can address this concern. With an investment in a fleet of cars and salaries, this car-related business could be very successful in big metropolitan cities.
36. Auto Detailing
Auto detailing, one of the most innovative car related business ideas, is perfect for those who love cars and have an eye for detail. You’ll offer services like cleaning, waxing, and polishing to enhance and protect the car’s appearance. Car enthusiasts are willing to pay well for these services, making it a profitable automobile business. You can choose to have a fixed location or a mobile service to suit your business style.
37. Body Shop
This business focuses on repairing vehicles damaged in accidents and restoring them to their original condition. A body shop requires knowledge of car mechanics, bodywork, and painting skills. With the right location and quality service, you can attract customers looking for professional and reliable repairs. Satisfied customers will help build your reputation, leading to steady business and referrals.
Starting car related businesses can be profitable, especially with the growing demand for eco-friendly cars and on-site services. A great automobile business idea could be starting a car hire service. You can offer a variety of cars and vans for people who need temporary transport, like when their car is being repaired, or for long trips. You could also specialize in luxury or premium vehicles.
To attract more customers, offer drivers for hire. Just make sure all drivers have the proper licenses and insurance. With growing interest in eco-friendly options, consider adding electric or hybrid cars to your fleet. This will appeal to environmentally conscious customers and save on fuel costs in the long run.
39. Car Export
Car export is a big market, and if you know about car shipping, it can be a very profitable car related business idea. You can buy cars at auctions and sell them in markets where there is high demand. It’s important to understand government laws, taxes, and customs rules, but the potential for high profits makes it worth considering. Success in this business comes from building strong relationships with buyers and shipping agents.
40. Auto Oil Change
Automotive Business Ideas – Auto Oil Change
You can offer home services like on-site oil changes and basic vehicle maintenance at a time that works for your customers. You can also provide free vehicle inspections to find other needed services and charge customers for them.
41. Car Window Tinting
Tinted films and coatings are applied to car windows to enhance appearance, block UV rays, improve privacy, and reduce heat. Ceramic tinting is a premium option that offers superior insulation and heat rejection. You can run this business either as a mobile service or from a fixed shop location.
This service is in demand year-round, especially in sunny regions. Offering packages and quick turnaround can help attract more customers.
42. Car Finder Service
If you have the right connections, you can earn money by helping car enthusiasts and collectors locate rare and classic cars. Tapping into online forums and social media groups can help you build a strong network in this niche.
With good negotiation skills and knowledge of vintage models, you can even earn a commission or finder’s fee. Building a reputation for trust and reliability can turn this into a profitable side business or full-time venture.
Conclusion
We hope the above list of automobile related business ideas will help you make an informed decision. We will update this list of Automobile and Car-related business ideas as we get more industry information. So stay tuned!
FAQs
What are the top automobile companies in India?
Some of the top automobile business companies in India are:
Tata Motors Ltd
Maruti Suzuki India Ltd
Mahindra Group
Hero MotoCorp Ltd
Bajaj Auto Ltd
Ashok Leyland Ltd
TVS Motor Company Ltd
Force Motors Ltd
Which car business is most profitable?
Some of the most profitable car business ideas are:
Auto Interior Shop
Lubrication Oil Retail Shop
Car Wash Business
Vehicle Licensing Brokerage Service
Rental and Ride-Sharing Cars
Car Accessories Store
Automobile Repair Service
Driving School
What are some of the common automotive industry jobs?
The automotive industry is expanding with numerous job offerings that a lot of people opt for. Some of the most common automotive industry jobs today are associated with:
Car rental services
Vehicle inspection services
Automobile designing
Automobile manufacturing
Automobile selling
Automobile repairing
Fleet operating
How is the vehicle industry growing?
The vehicle industry is growing today at a pace that was never seen before. The global sales of the automobile business are reported to be around 67.2 million units in 2022.
Is starting a tow truck business a good idea?
Starting a tow truck business might sound like a good idea, but it is important to learn that a tow truck business can prove to be a big time and money investment for some people. Therefore, it is essential to plan a long-term conversion through the same.
What are some lucrative automotive franchises in India?
If you are wondering about some of the most profitable automotive franchises in India:
EV Techo Electra Motors
Mahindra First Choice
Feynlab
AAMCO Transmissions and Total Car Care
EV Motors India
COZI CARS
AUTO HERB
Wheeler Cleaner
How to start automobile business?
Conduct thorough market research to identify a niche or demand, then create a detailed business plan.
Obtain necessary licenses, secure funding, and establish supplier relationships before launching your automobile business.
Artificial intelligence tools are changing inventory management in ways that once thought impossible by automating processes, analyzing vast amounts of data, and delivering actionable insights. These technologies solve critical issues such as stockouts, overstocking, and inefficiency in traditional systems. AI-equipped with machine learning (ML), predictive analytics, and real-time tracking optimizes inventory quantities, cuts costs, and serves as a point of differentiation in increasing customer satisfaction. The use of information improves all businesses in their productivity through data-driven decision-making.
Some of the major AI-driven features include demand forecasting, which takes into account historical and market trend data for more accurate predictions while keeping stock imbalances at bay. The real-time tracking system carries on with the monitoring of inventories and enables one to respond faster to any fluctuations. Automated replenishment makes stock management easier by recording that the orders are placed when the thresholds are reached in the level of inventory. The AI has still optimized the inventory by determining slow-moving products, thereby making the cost less on carrying inventory.
Supply and demand planning, inventory optimization, and forecasting for small to medium-sized businesses.
Netstock – Best AI tools for Inventory management
Netstock, an AI-based web application for inventory management and optimization, assists small and medium-sized businesses (SMBs) and large enterprises in the planning of inventory, demand forecasting, and supply chain management. It integrates seamlessly with more than 60 ERP systems, including QuickBooks, MYOB, and SAP, providing real-time stock visibility and actionable insights. Netstock features include demand forecasting that uses AI technology, automated stock replenishment, and inventory optimization to minimize carrying costs and prevent stock imbalances.
Stock performance insights are available through real-time dashboards while supplier performance analytics monitor lead times and order accuracy. Multi-warehouse management ensures optimal distribution, and the AI Pack gives users access to more advanced tools, such as Dashboard Analyzer and Item Analyzer, for even deeper insights and issue resolution.
Pros
Low learning curve
Suitable for businesses of any size
Real-time analytics
Cons
No free trial
Implementation can take up to 6-10 weeks
Pricing
Netstock offers custom pricing; contact them for a quote.
Zebra Technologies
WEBSITE
www.zebra.com
Rating
4.6
Free Trial
No
Best For
Real-time data capture, mobile computing, and automation solutions across industries like retail, healthcare, manufacturing, and logistics.
Zebra Technologies – Best AI tools for Inventory management
Zebra Technologies offers exceptionally effective inventory management solutions that cut across many industries like retail, health care, logistics, and manufacturing by facilitating a blend of hardware with the software continuum, for instance, RFID devices with Workcloud. Real-time inventory tracking enables accurate stock availability while future demand forecasting is done with predictive algorithms that essentially utilize patterns from historical trends.
Workcloud Inventory Management Optimization Suite increases visibility, loss prevention, and automation. Stock level analysis and automated replenishment streamline ordering. Mobile computing devices, such as Zebra MC18, enable real-time barcode scanning. Seamless ERP integration increases operational efficiencies with customizable solutions tailored to specific industry needs such as retail availability, healthcare safety programs, and loss prevention through AI-driven insight.
Pros
Accurate date on stock levels
Follows global standards for compliance
Seamless customer experience
Cons
Initial investment in hardware and software might be high
Consistent maintenance of RFID scanners
Pricing
Zebra Technologies offers custom pricing; contact them for a quote.
Blue Yonder Luminate
WEBSITE
www.blueyonder.com
Rating
4.6
Free Trial
No
Best For
AI-powered supply chain planning, logistics execution, and omnichannel commerce solutions for large enterprises in retail, manufacturing, and logistics sectors.
Blue Yonder Luminate – Best AI tools for Inventory management
Blue Yonder Luminate is an AI-driven supply chain management platform primarily suited for big organizations like retail, manufacturing, and distribution. Luminate helps engage its users with planning, logistics, and omnichannel commerce with things like real-time visibility data, predictive analytics, and automation. ML-powered demand planning, stock imbalance prevention through inventory optimization, and sales and operations planning are among the solutions offered by Blue Yonder Luminate.
Aligning demand with production complements these offerings. Other functionalities include the optimization of supply chain networks, automated redistribution of stock, as well as enhanced management of transportation through route and service-level optimization. Warehouse management includes robotics as an enabler for automation with real-time tracking, which increases logistics efficiency.
Pros
Predictive forecasting
Real-time insights
Process streamlining across transportation, warehouse
Cons
Backend issues occasional disruptions
Slow TATs in terms of support issues
Pricing
Blue Yonder offers custom pricing; contact them for a quote.
SkuVault
WEBSITE
www.skuvault.com
Rating
4.2
Free Trial
No
Best For
Cloud-based inventory and warehouse management for eCommerce and multichannel retailers seeking real-time inventory tracking, order management, and warehouse efficiency.
SkuVault – Best AI tools for Inventory management
SkuVault is a cloud-based inventory and warehouse management solution designed for customer-centric small to medium-sized businesses and enterprises. It helps to facilitate tracking inventory, manage orders, and warehouse operations for organizations’ omnichannel retailing needs. It works well with Shopify, WooCommerce, and other further integrations, including QuickBooks.
This solution records and manages real-time inventory visibility across multiple locations, scans barcodes just like it would be done manually for order fulfillment, and at times cash collections or payments are made. With multi-warehouse centralized stock control, demand forecast effectively plans the stock to be kept through past sales history. It offers insightful reporting tailored around particular needs, e-commerce integration promises real-time updates, and on-the-shelf stock availability.
Pros
User-friendly interface
Works with multiple e-commerce tools
Ideal for managing omnichannel operations
Cons
Implementation takes a lot of time
Advanced features might require a learning curve
Pricing
SkuVault offers custom pricing; contact them for a quote.
EazyStock
WEBSITE
www.eazystock.com
Rating
4.7
Free Trial
No
Best For
AI-powered inventory optimization and demand forecasting for small to mid-sized businesses across manufacturing, wholesale, retail, and distribution sectors.
EazyStock – Best AI tools for Inventory management
EazyStock-an AI-based automated, cloud-based inventory optimization software designed for manufacturers, wholesalers, distributors, and retailers. Thereby, the software automates demand forecasting and stock replenishment in such a way that it reduces excess stock, prevents stockouts, and improves supply chain efficiency. EazyStock is built and developed by Syncron.
This cloud-based artificial intelligence inventory optimization fits in seamlessly with ERP systems such as Microsoft Dynamics, and Acumatica, to avail real-time insights. Some of its prominent features include automated replenishment, dynamic stock classification, and AI demand forecasting. Provides support for multi-warehouse and supplier tracking with real-time KPI dashboards for insight into performance. The pump management adjusts the forecast dynamically concerning seasonality and promotions, thus allowing the setup.
Pros
User-friendly interface
Works with multiple e-commerce tools
Ideal for managing omnichannel operations
Cons
Steep learning curve
Might take time to integrate with other applications
Pricing
EazyStock offers custom pricing; contact them for a quote.
Clear Spider
WEBSITE
www.clearspider.net
Rating
4.5
Free Trial
No
Best For
Cloud-based inventory management, vendor-managed inventory, warehouse management, and mobile inventory solutions for businesses across various industries.
Clear Spider – Best AI tools for Inventory management
The Clear Spider is a cloud-based stock administration software for businesses, retailers, distributors, or manufacturers of any size. This facility provides services like tracking inventory in real-time in verified locations using barcodes and RFID. Demand forecasting based on artificial intelligence would later help manage stock levels. Its WMS is a warehouse management system, and its excellence improves picking, packing, and shipping in the automation of a warehouse. The order management module henceforth provides a central fulfillment process, and the vendor-managed inventory allows the supplier to manage stock replenishment. The mobile application offers a means of being in control of inventory while on the move, while the personalized report accrues actionable insights.
Pros
Flexible for specific business needs
Suitable for different industries
Mobile app for bar code scanning
Cons
Steep learning curve for advanced features
Initial implementation may require a lot of time
Pricing
Clear Spider offers custom pricing; contact them for a quote.
Softeon
WEBSITE
www.softeon.com
Rating
4.3
Free Trial
No
Best For
Mid-size to large enterprises seeking advanced warehouse management solutions with extensive automation, integration capabilities, and tailored workflows.
Softeon – Best AI tools for Inventory management
Softeon is an inventory and warehouse management (WMS) cloud-based supply chain application, in which enterprises such as retail, manufacturing, distribution, and 3PL, have been optimized by the use of AI and machine learning. It has AI-powered demand forecasting and automated replenishment, real-time monitoring, and control from multiple locations tracking the stock.
Warehouse robotics improve efficiencies in pick-and-pack by predictive stock optimization on slow-moving inventory management and reaping benefits through multi-channel integration by syncing stock into platforms such as Shopify and Amazon. Slotting optimization facilitates faster fulfillment on warehouse layouts while keeping track of compliance with regulations. Further, it has AI-enabled supplier analytics and smart order fulfillment features that streamline procedures, cut costs, and increase operational efficiency.
Pros
Real-time insights
Integrates with ERP and e-commerce platforms
Saves cost by optimizing stock levels
Cons
Steep learning curve for advanced analytics
High level of complexity in customizations
Pricing
Softeon offers custom pricing; contact them for a quote.
Zoho Inventory
WEBSITE
www.zoho.com/inventory
Rating
4.3
Free Trial
Yes
Best For
Small to mid-sized businesses seeking affordable, cloud-based inventory and order management with multi-channel selling, warehouse tracking, and shipping integrations.
Zoho Inventory – Best AI tools for Inventory management
Cloud-based management solution for inventory tailored to small and mid-scale organizations which track stock levels in real-time batch and serial number tracking and integrate with other platforms, eBay and Shopify for example. Designed into the broader Zoho Finance Suite, it has integrations into Zoho Books and Zoho CRM. Multi-channel sales with real-time quantity updates across warehouses managing stock transfer across warehouses are supported. Demand forecasting and reordering alerts powered with AI enable stock optimization while shipping integrations facilitate easy fulfillment. Reports that could be tailored enable an understanding of sales trends and stock movement performance. Mobile application access could take the lead in the management of stock, kitting-and-bundling to facilitate discount sales.
Pros
Ease of use
Free plans available for small businesses
Competitive Pricing
Cons
Limited customer support
Bugs in e-commerce functions
Pricing
Plan
Price/Month
Standard
$26.64/month
Professional
$63.73/month
Premium
$110.08/month
Enterprise
$202.80/month
Fishbowl Inventory
WEBSITE
www.fishbowlinventory.com
Rating
4.2
Free Trial
Yes
Best For
Small to medium-sized businesses seeking advanced inventory management, manufacturing, and warehouse solutions with seamless QuickBooks integration.
Fishbowl Inventory – Best AI tools for Inventory management
Fishbowl Inventory is a very amazing solution through which one can manage inventory and warehouse as fully fledged as possible. It’s especially for SMBs and enterprises because it fits into shiny and bright systems like QuickBooks, or Xero. Tied into ConverSight, Fishbowl AI Insights is the AI deduction of going into analytics, demand forecasting, and reporting for a smarter inventory management system. There’s nearness attached to the management of inventory with barcodes and RFID. Batch and serial number management, as well as automated order processing, have been part of new inventory features. MRP tools enable production with the BOM and work orders required, and multi-warehouse management allows the effective distribution of stocks. E-commerce integration features sync inventory with the likes of Shopify and Amazon.
Pros
AI-powered optimization
Integrates with accounting tools like Xero and Quickbooks and also with e-commerce platforms like Shopify and Amazon
Suitable for both SMBs and large organizations
Cons
Limited customer support
Time-consuming implementation
Pricing
Fishbowl Inventory offers custom pricing; contact them for a quote.
Oracle Fusion Cloud SCM
WEBSITE
www.oracle.com/scm
Rating
4.5
Free Trial
No
Best For
Large enterprises seeking comprehensive, AI-driven supply chain solutions encompassing planning, procurement, manufacturing, logistics, and product lifecycle management.
The Oracle Fusion Cloud Supply Chain Management (SCM) is a cloud configuration aimed at optimizing inventory and supply chain operations. It facilitates AI-driven analytics for demand forecasting, inventory tracking, and automated replenishment. Dashboards are created for full visibility of stocks across sites, including goods in transit. Improvement comes through features like warehouse management, inter-organization transfers, and consigned inventory tracking.
MRP tools enhance procurement with demand, which further decreases wastage. Integration is seamless with the Oracle ERP, Procurement, and Manufacturing, giving an end-to-end view of supply chain activities. Automation complemented by AI keeps human error at bay while enhancing efficiency, and through the mobile interface, users can manage transactions such as receiving, picking, and transfers remotely.
Pros
Suitable for all businesses
Customizable Dashboards
Supports Global standards for inventory valuation
Cons
Bit expensive for SMBs
Advanced features require a steep learning curve
Pricing
Oracle Fusion Cloud Supply Chain Management (SCM) offers custom pricing; contact them for a quote.
Conclusion
AI-enabled inventory management tools facilitate optimization in operations, efficiency reduction in costs, as well as increased customer satisfaction. These solutions utilize the use of AI and machine learning in automating demand forecasting and inventory indication and replenishment so that decisions are made without errors. Real-time visibility across multiple locations allows for a quick response to market fluctuations.
These scalable tools fit just right into the ever-increasing needs of a business, all the while minimizing excess stock and stockouts that would thereby increase cost-effectiveness and profit generation. Moreover, these ingenious tools allow seamless integration with ERP systems and e-commerce platforms, thus streamlining workflows. Finally, businesses should assess their industry needs and budget when they consider the capabilities of integration and user-friendliness while selecting an AI-based solution.
AI inventory management uses artificial intelligence to optimize and automate the process of overseeing and controlling a company’s stock levels, ensuring the right products are in the right place at the right time.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
ICICI Bank is one of India’s leading private-sector banks, offering a wide range of financial products and services to individuals, businesses and corporations.
With a robust presence across the country and a growing international footprint, ICICI Bank has consistently leveraged advanced technology to drive its banking operations.
As it continues to evolve, the bank remains dedicated to enhancing customer experience, maintaining operational efficiency and embracing future-forward banking solutions.
In this Startuptalky article, we will explore ICICI Bank’s journey, innovations and future prospects.
ICICI Bank Limited, based in Mumbai and registered in Vadodara, is one of India’s leading banks. It serves both businesses and individuals with a variety of financial services, including investment banking, insurance (life and non-life), venture capital and asset management. These services are delivered through its branches, ATMs and specialized subsidiaries.
The bank operates an extensive network of 6,613 branches and 16,120 ATMs across India, making it easily accessible. It also has an international footprint, with operations in 11 countries.
ICICI Bank Limited – Industry
The Indian banking system has made remarkable progress since 2016. By 2022, the total assets in the sector had grown to $2.67 trillion. Between FY16 and FY22, credit saw a modest compound annual growth rate (CAGR) of 0.62%, while deposits expanded at a strong CAGR of 10.92%, reaching $2.12 trillion.
Public sector banks held a significant share of the total banking assets, accounting for 59.53%, which includes assets from public, private and foreign banks. In 2024, public banks generated $128.1 billion in interest income, while private banks contributed $95.7 billion in interest income, highlighting the sector’s consistent growth and robust performance.
ICICI Bank Limited – Founders and Team
ICICI Bank was established in 1994 as a wholly-owned subsidiary of ICICI Ltd., which was founded in 1955 through a collaboration between the World Bank, the Government of India, and Indian industry leaders. Sir Arcot Ramasamy Mudaliar, a distinguished Indian statesman, served as the first Chairman of ICICI Ltd., laying the foundation for the institution’s future growth.
Sandeep Bakhshi – Managing Director and CEO
Sandeep Bakhshi – Managing Director and CEO
Sandeep Bakhshi has been leading ICICI Bank as Managing Director and CEO since October 15, 2018. Before stepping into this role, he served as a Whole-Time Director and Chief Operating Officer (COO) of the bank.
A seasoned professional with ICICI Group since 1986, Mr. Bakhshi has taken on various leadership roles across its subsidiaries, including ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life Insurance. Notably, he was the MD & CEO of ICICI Prudential Life Insurance from 2010 to 2018 and ICICI Lombard General Insurance from 2002 onwards.
Growing up in a defense family, Mr. Bakhshi had the opportunity to study in schools and colleges across India. He later completed his management education at XLRI Jamshedpur, setting the foundation for his long and accomplished career.
ICICI Bank Limited – Startup Story
ICICI Bank was founded in 1994 as part of the ICICI Group, which has a rich history dating back to 1955. The Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 as a joint initiative by the World Bank, the Government of India and Indian public-sector banks and insurance companies. Its primary goal was to support Indian businesses by offering medium- and long-term project financing.
For decades, ICICI focused on funding industrial projects, but the financial sector liberalization in the 1990s marked a turning point. The institution evolved from a development-focused financial entity into a diversified provider of financial services. Through its subsidiaries and group companies, it began offering a broad range of products to cater to the growing and varied needs of businesses and individuals.
ICICI Bank, created as part of this transformation, rapidly grew to become a key player in India’s banking sector. In 1999, ICICI made history by becoming the first Indian company—and the first non-Japanese Asian bank or financial institution—to be listed on the New York Stock Exchange (NYSE), solidifying its position on the global stage.
ICICI Bank Limited – Mission and Vision
Mission
ICICI Bank is dedicated to offering practical financial solutions that make a real difference for its customers. With a focus on financial stability, ethical practices and delivering quality products.
Vision
It’s focus is on building trust through a customer-first approach, driving innovation and always staying true to its core values.
ICICI Bank Limited – Name, Tagline and Logo
ICICI stands for Industrial Credit and Investment Corporation of India and has its roots as a government-established institution. Over the years, it has grown into one of India’s leading private sector banks.
Logo
The bank’s logo reflects simplicity and clarity, combining geometric shapes with text to create a professional and approachable design.
ICICI Bank – Logo
Taglines
Primary Tagline: “Leading the way in banking innovation”
Other Tagline: “Hum Hai Na” (We are here for you)
ICICI Bank Limited – Business Model
Whether it’s savings accounts, fixed deposits, personal or home loans, credit cards, or wealth management, there’s something for everyone. For businesses, the bank offers specialized services like trade finance, treasury management and corporate lending, making it a go-to partner for individuals and companies alike. This variety reflects ICICI Bank’s focus on serving a broad customer base with dedication and care.
ICICI Bank Limited – Revenue Model
By offering a wide range of products, including retail banking, corporate banking and treasury services, ICICI Bank caters to a broad audience. Its focus on digital banking and value-added services boosts non-interest income, which plays a big role in enhancing profitability. This balanced approach not only drives growth but also helps maintain a loyal and growing customer base.
ICICI Bank Limited – Challenges Faced
Credit Risk
Volatile markets and rising interest rates impacted customers’ financial stability. ICICI Bank tackled this through strong risk management practices across all business areas. Regular reviews, stress testing and maintaining robust capital and liquidity positions—well above regulatory requirements—helped mitigate these risks.
Market and Liquidity Risk
Tight monetary policies, reduced liquidity from central banks and fluctuating exchange rates created hurdles. The Bank countered these challenges with well-defined policies, frequent reviews by the Board and committees and a focus on asset-liability management. Strengthening the Bank’s liability franchise was a strategic priority.
Cyber Risk
With increasing digitization, the threat of cyberattacks and security vulnerabilities grew, especially through third-party partnerships. ICICI Bank invested heavily in resilience, data privacy and data loss prevention. Thanks to these efforts, no significant security breaches or data losses occurred in fiscal 2023.
Technology Risk
As digital transactions and customer reliance on them rose, ensuring system availability and scalability became critical. ICICI Bank made proactive technology investments and maintained robust governance frameworks. Board-level oversight ensured alignment between IT and business strategies. The Bank’s IT systems remained stable and uninterrupted throughout fiscal 2023.
ICICI Bank Limited – Funding and Investors
ICICI Bank primarily raises funds through deposits, debt instruments and equity capital, leveraging its robust financial position to fuel growth. The bank’s key investors include institutional investors, mutual funds and foreign portfolio investors, reflecting strong market confidence in its operations.
Announced Date
Transaction Name
Money Raised
Lead Investors
Oct 3, 2023
Post IPO – Debt
INR 40 crore
—
Dec 12, 2022
Post IPO – Debt
INR 50 crore
—
Dec 17, 2021
Post IPO – Debt
INR 50 crore
—
Aug 18, 2020
Post IPO – Equity
INR 150 crore
People’s Bank of China
ICICI Bank Limited – Investments
ICICI Bank strategically invests in technology, digital transformation and innovative financial solutions to enhance customer experience and drive sustainable growth.
Announced Date
Organization Name
Funding Round
Money Raised
April 16, 2024
GPS Renewables
Debt Financing
INR 4.1 crore
Sept 22, 2023
Quantum CorpHealth
Corporate Round
INR 50 lakh
Jul 25, 2023
Auxilo
Venture Round
INR 4.7 lakh
May 5, 2023
PropertyPistol
Series A
INR 5.5 lakh
Apr 29, 2023
Affordmed
Debt Financing
INR 14 lakh
Feb 15, 2023
Mufin Green Finance
Post IPO Debt
INR 5.3 lakh
Feb 6, 2023
SatSure
Series A
—
Jan 31, 2023
SwirePay
Seed Round
INR 1 lakh
Jan 11, 2023
LEAD
Debt Financing
INR 1.6 crore
Oct 17, 2022
Snapmint
Debt Financing
INR 10.5 lakh
ICICI Bank Limited – Mergers and Acquisitions
ICICI Bank has pursued strategic mergers and acquisitions, such as its merger with Bank of Rajasthan in 2010, to expand its market presence and strengthen its financial services portfolio.
Acquisition Date
Acquiree Name
Price
Current Acquirers
Aug 12, 2010
Bank of Rajasthan
—
—
Sept 12, 2011
i-Process
—
ICICI Bank
Mar 23 , 2024
Trident Microfin
$15M
ICICI Bank, HDFC Bank, Indian Overseas Bank, Bank of India, Axis Bank, Union Bank of India
ICICI Bank Limited – Financials
ICICI Bank Financials Consolidated
FY24 (INR crore)
FY23 (INR crore)
Total Income
236,037.73
186,178.80
Total Expenditure
191,030.98
151,715.77
Net Profit/Loss
45,006.74
34,463.03
ICICI Bank Financials
ICICI Bank Limited – Advertisements and Social Media Campaigns
iMobile Pay with Anil Kapoor
iMobile Pay with Anil Kapoor
ICICI Bank launched a witty and relatable campaign highlighting the ease of making UPI payments with its iMobile Pay app. The campaign features a film starring Anil Kapoor, who cleverly demonstrates the app’s utility during a playful interaction.
In the story, Kapoor’s bike tyre bursts, leading him to a shop for repairs. The enthusiastic shopkeeper insists on upfront payment, leaving Kapoor seemingly in a fix as he only has his phone. To everyone’s surprise, Kapoor effortlessly pays using the iMobile Pay app, showcasing how the app simplifies everyday transactions. The film concludes with a humorous twist, as Kapoor demands a payment from the shopkeeper before sharing the secret to his fitness.
This engaging campaign emphasizes convenience and showcases the seamless functionality of iMobile Pay in a memorable and fun way.
The Bench – Solving Space Crunch, Creatively
In a country where personal space is often a luxury, ICICI Bank introduced an innovative concept called The Bench, a smart bench that automatically expands to accommodate more people when fully occupied.
Placed in high-traffic areas like R City Mall and select ICICI Bank branches, The Bench addresses the challenge of overcrowding in public spaces with a touch of ingenuity. By expanding as needed, it becomes a symbol of inclusivity and adaptability, resonating with the bank’s values of serving all without limits.
This initiative isn’t just about providing a seat; it’s about sparking conversations on solving real-world problems with creativity. It also reflects ICICI Bank’s commitment to innovation, not just in banking but in creating a better everyday experience.
ICICI Bank Limited – Awards and Achievements
Retail Banking
Best Retail Bank in India – Won at the Asian Banker Excellence in Retail Financial Services International Awards for nine consecutive years.
Best Retail Bank – India – Awarded at the Retail Banker International Asia Trailblazer Awards 2019.
Technology
Excellence in Technology – Won at The Signature Awards London 2022.
Best Use of IT & Data Analytics – Awarded at the Indian Banks’ Association (IBA) Banking Technology Awards 2021.
Best Fintech Adoption – Won at the IBA Banking Technology Awards 2021.
Financial Services
Best Banking & Finance Legal Team of the Year
Award for Consistent Excellence – Presented by Global Custodian, a publication covering international securities services.
Best in Talent & Workforce Management – Awarded at the Business Today Annual Awards.
Workplace Recognition
Recognized as India’s Coolest Workplace by Business Today magazine.
ICICI Bank Limited – Competitors
The following competitors operate across similar segments as ICICI Bank, such as retail banking, corporate banking and technology-driven services, creating a highly competitive landscape in the Indian banking industry, such as:
Tackling Revenue Fluctuations – Financially, ICICI Bank is projecting a slight decline in revenue, forecasted to decrease at a rate of 2% annually. However, the bank expects its earnings to grow at a steady pace of 8.5% per year, with earnings per share (EPS) also rising by 8.1% annually. The return on equity (ROE) is anticipated to reach an impressive 16.6% over the next three years. Overall, while revenue may see a slight dip, ICICI Bank’s focus on digital innovation, retail banking expansion and international diversification, combined with strong risk management practices, is expected to drive sustainable profitability and improve shareholder returns in the long term.
Impending Digital Transformation – One of the key priorities is digital transformation, with a focus on investing in technology to enhance the customer experience. The bank plans to digitize its underwriting process, enabling instant loan approvals for customers.
Retail banking offerings – In terms of international expansion, the bank is exploring opportunities to diversify its revenue streams by entering global markets. To complement these growth initiatives, ICICI Bank is committed to strengthening its risk management practices, ensuring financial stability with a strong balance sheet, prudent provisioning and healthy capital levels.
ICICI Bank is a leading private sector bank in India that offers a wide range of banking and financial services. It was established in 1994 by the Industrial Credit and Investment Corporation of India (ICICI).
Who is the CEO of ICICI Bank?
Mr. Sandeep Bakshi is the CEO of ICICI Bank.
What is the full form of ICICI ?
ICICI stands for Industrial Credit and Investment Corporation of India.
BluSmart’s financial scandal has sent shockwaves through India’s startup world and has led many business leaders to contemplate the true role of ethics and governance. Among the co-founders who has quite vocally addressed the situation is boAt’s Aman Gupta.
On the heels of his appearance as a judge on Shark Tank India, the boAt co-founder took to social media to draw from personal values and professional experience in addressing what has happened. He expressed grave concern over the many layers of damage the crisis is inflicting, from investors losing their capital to founders watching their years of work unravel, employees facing uncertainty, and customers left in the lurch. Beyond these depredations, Gupta warned that the trust factor in the wider startup community is now in danger.
Calling for a Culture Shift in Entrepreneurship
In his post, Gupta stressed upon the lesson he learned as a child: to do things with honesty and sincerity while never compromising on what is right. He emphasized that this simple value applies in business just as it does in life. Gupta’s key point was that governance, transparency, and timely compliance are not optional, they are absolutely essential to long-term sustainability.
Startup founders should look beyond rapid scaling and focus instead on clean books, timely audits, and transparent financial disclosures, Gupta urged. While these may seem like snoozers compared to aggressive growth strategies are the bedrock of a stable enterprise.
Governance in the Spotlight After SEBI Probe
Controversy broke out after SEBI’s investigation uncovered major financial shenanigans linked to BluSmart’s parent, Gensol Engineering Ltd. The probe uncovered that INR 262 crore, originally lent for EV procurement, was allegedly hijacked by the promoters of the company for personal luxuries, including a high-end apartment in Gurugram.
Furthermore, it is alleged that lenders and investors were deceived with forged loan documents. BluSmart has now shut down, and Gensol’s stock is plummeting, yet the two companies, for reasons that are still unclear, had been projecting robust growth. Are these incidents of corporate fraud? And if so, why are they happening in the clean energy space?
Building Startups That Last: The Path Forward
Even though there’s been a setback, Gupta continues to be very optimistic about the resilience of the Indian entrepreneurial landscape. He wants the community to see the BluSmart debacle not as a death blow but as a wake-up call of sorts, one that was needlessly earned but should be heeded. In his eyes, to build companies that are both fast-growing and fundamentally strong, it takes emotional intelligence, plain old smarts, and what he calls a “Governance Quotient.”
Gupta ended with a call for founders to build responsibly, a sentiment shared by many who still believe India’s startup story is being written and that integrity is the most valuable capital in that story.
The global luxury perfume market is set to reach USD 21.31 billion by 2033, with increasing demand for niche and artisanal fragrances. House of Moksha (HOM) is making its mark in this growing industry by blending the fragrance traditions of India, the Middle East, and Europe. The brand offers premium perfumes at mid-luxury pricing, focusing on sustainable sourcing and advanced blending techniques. With a deep connection to heritage and a focus on accessibility, HOM is reshaping the luxury fragrance industry.
In this article, explore more about House of Moksha, its founder, business model, challenges, growth, and more.
House of Moksha – Company Highlights
Company Name
House of Moksha
Headquarters
New Delhi, India
Sector
Luxury Fragrance, Fine Perfumery
Founder
Ashish Khandelwal
Founded
2025
Website
houseofmoksha.com
House of Moksha – About
House of Moksha (HOM) is a luxury perfumery brand that masterfully blends Western and Middle Eastern fragrance styles with high-quality Indian ingredients. Founded with over 15 years of expertise in essential oils and aromatics, HOM delivers high-end luxury quality at a mid-range price, ensuring an opulent yet accessible scent experience.
House of Moksha – Industry
House of Moksha operates within the fine perfumery and luxury fragrance industry. The global luxury perfume market reached USD 13.32 billion in 2024 and is projected to grow to USD 21.31 billion by 2033, reflecting a CAGR of 5.09% during the period 2025–2033. Based on estimated industry growth and the expansion of niche perfumery, the brand aims to capture a small yet significant segment within the high-end niche fragrance sector.
Over the next five years, the niche and artisanal fragrance industry will continue to grow, with increasing demand for high-quality, exotic, and sustainable ingredients.
Within the next 5 to 10 years, House of Moksha aims to establish itself as a leading player in the niche fragrance space, with a strong global presence across both retail and digital channels, while expanding into personalised scent experiences and exclusive collaborations.
House of Moksha – Founder and Team
Ashish Khandelwal is the founder of House of Moksha.
Ashish Khandelwal, Founder, CEO & Creative Director (right) and Kushank Gupta, COO, House of Moksha (left)
Ashish Khandelwal (MBE, BSc) has over 15 years of experience in aromatics and essential oils and is recognised as one of the pioneers of organic essential oils and ingredients in India. He has developed memorable fragrances for numerous international brands. With House of Moksha, Ashish introduces some of his most exquisite creations to the world at an accessible price point. As CEO and Chief Perfumer, he oversees Research & Development, Finance, and the overall health of the company.
Kushank Gupta (BTech) brings with him deep expertise in production, manufacturing, supply chain, and operations. As Chief Operating Officer, he is responsible for managing the company’s production processes, supply chain, and day-to-day operations.
House of Moksha – Startup Story
The creation of House of Moksha was inspired by the founder’s extensive background in essential oils and aromatics, combined with a deep passion for perfumery. With a database of over a thousand perfume formulations developed for various international brands, the founder brought a wealth of expertise to the brand’s inception.
Comprehensive market analysis, insights into consumer preferences, and rigorous testing of blends confirmed the strong potential of the concept behind House of Moksha. Initial discussions with industry experts and perfume enthusiasts further validated the brand’s unique positioning, leading to the refinement of its offerings. The brand is proud to note that each of the 10 fragrances launched this season has been a hit with the selective Indian consumer.
House of Moksha – Mission and Vision
Long-term Vision: House of Moksha aims to establish itself as a globally recognised niche fragrance brand, renowned for its rich, exotic blends that celebrate the fragrance heritage of India, the Middle East, and Europe.
Short-term Vision: The brand seeks to expand its market presence in key international locations, particularly in the Middle East, Europe, and Southeast Asia.
Core Belief: House of Moksha believes that luxury should be meaningful, immersive, and deeply rooted in heritage. The brand is committed to crafting scents that evoke profound emotions and cultural connections.
House of Moksha – Name, Tagline, and Logo
The name House of Moksha (HOM) signifies liberation and transcendence through the power of fragrance. It reflects the brand’s philosophy of offering scents that go beyond the ordinary, connecting deeply with one’s senses and spirit.
The tagline, “Timeless Fragrance. Modern Elegance.”, captures the essence of the brand, where heritage-inspired blends meet contemporary refinement.
The logo features a minimalist yet regal design, symbolising a seamless blend of tradition and modernity.
House of Moksha – Products
House of Moksha Perfumes
House of Moksha offers luxury perfumes with unique blends such as Tobacco Oud, Vetiver Oud, Saffron Oud, Leather Oud, and more. Each fragrance is meticulously crafted with a harmonious balance of Indian, Western, and Middle Eastern fragrance traditions.
The brand uses in-house extracted natural essential oils, adding a layer of complexity to the formulations. House of Moksha fills a significant gap in the market by offering affordable luxury perfumes that rival top-tier niche brands in terms of quality.
The brand’s unique selling proposition lies in its premium quality at mid-range pricing, with a focus on Indian raw materials and deep scent complexity. Innovation is at the core of House of Moksha, employing advanced blending techniques, long-lasting formulations, and unique ingredient sourcing.
Notably, the brand boasts the first of its kind automated fragrance blending unit, which allows lower production costs and higher accuracy between batches.
House of Moksha – Business Model
House of Moksha operates on a direct-to-consumer business model, focusing primarily on online sales, complemented by selective retail partnerships and exclusive collaborations. Positioned in the mid-luxury segment, the brand offers its perfumes at a price range of INR 2,500 to INR 3,500 per bottle. This strategy allows House of Moksha to maintain healthy profit margins while remaining more affordable than ultra-luxury competitors, making high-quality niche fragrances accessible to a wider audience.
House of Moksha – Launching Company Strategies
Launching a brand is always the most important moment, and getting the first 100 customers is a milestone that brings great satisfaction. House of Moksha’s initial launch strategy focused on impactful social media campaigns, influencer collaborations, and leveraging the founder’s well-established network within the fragrance and aromatics industry. The brand reached its first 100 customers through a combination of word-of-mouth, pre-launch sampling, and carefully targeted online advertisements.
As part of its growth strategy, House of Moksha continues to expand its presence through premium online marketplaces, strategic PR campaigns, and exclusive fragrance events designed to build community and brand recall.
House of Moksha – Marketing Strategy
One of House of Moksha’s most successful marketing efforts was the use of 3D perfume model reels made with Blender. These videos showed off the perfume bottles in a creative way and attracted a lot of attention on Instagram and YouTube. The brand also worked with perfume lovers and influencers, which helped spread the word and connect with more people who enjoy unique fragrances.
House of Moksha – Growth
House of Moksha currently operates online, with plans to expand into retail soon. Within just two weeks of launch, the brand reached its first 100 online orders. In the first month, it saw steadygrowth with a 20–25% increase in revenue week on week. The brand is also in talks with luxury retail stores and boutique partners to build strong collaborations for the future.
House of Moksha – Challenges Faced
House of Moksha faced several key challenges in its early journey, including designing and creating distinctive packaging that reflected the brand’s identity, entering a highly competitive niche fragrance market, sourcing rare and high-quality raw materials, and building meaningful brand awareness. To address these challenges, the brand adopted a focused approach, emphasising storytelling, sustainable sourcing practices, and experiential marketing campaigns that connected with consumers on a deeper, more emotional level.
House of Moksha – Competitors
Some of the prominent competitors of the brand include:
Oud Arabia
NEESH
Aeronot
House of Moksha – Future Plans
In the next one to two years, House of Moksha plans to expand its product range, enter new markets, and build a strong international distribution network. Looking ahead, the brand aims to become a leading name in niche fragrances with a solid global presence. The long-term goal is to have local brand ambassadors and trusted retail partners in all major countries.
FAQs
What is House of Moksha?
House of Moksha (HOM) is a luxury perfumery brand that masterfully blends Western and Middle Eastern fragrance styles with high-quality Indian ingredients.
What is House of Moksha’s business model?
House of Moksha operates on a direct-to-consumer business model, focusing primarily on online sales, complemented by selective retail partnerships and exclusive collaborations.
What kind of perfumes does House of Moksha offer?
House of Moksha offers luxury perfumes with unique blends such as Tobacco Oud, Vetiver Oud, Saffron Oud, Leather Oud, and more. Each fragrance is meticulously crafted with a harmonious balance of Indian, Western, and Middle Eastern fragrance traditions.
The newly-appointed Intel CEO Lip-Bu Tan is redoing the company’s leadership structure, a month after taking over the job. His goal, set in a recent internal memo, is to eliminate bottlenecks in the company’s huge, unwieldy structure and to encourage it to do what it has always claimed it can do: innovate. Tan moved a number of top executives around and put the major chip divisions, data center, AI, and PC processors, directly under him. That was a clear signal that he wants to speed decision-making and cut through red tape.
Tan stressed that the company’s innovative edge has suffered because of delays and too many silos. He made it clear that across-the-board, fast communication is necessary if the company is to compete well in the ever-changing, big-tech landscape. Working closely with Intel’s core engineering and product groups, Tan intends to get a first-hand look at the sorts of problems that need solutions.
Veteran Executives Brought Closer to the Top
Reorganizing the hierarchy means that three seasoned technical leaders, Rob Bruckner, Mike Hurley, and Lisa Pearce, will now report directly to Tan. Bruckner, Hurley, and Pearce have all been at Intel long enough to have a hand in many of its key chip products over the years. Bruckner, for instance, was a key architect for the Itanium processor. Likewise, Hurley has had a hand in several major Intel chips, and has also worked on the successor to Moore’s Law, a project that could have major implications for Intel’s future. For the uninitiated, the company’s success has mostly been about the team working under Lisa Pearce for years.
Tan remarked that this action fortifies his objective of transforming Intel back into a corporation where engineering is in the driver’s seat. Moreover, it gives him much-improved sightlines into what’s necessary for Intel to compete effectively across the many markets in which it plays, and particularly in the most important of these at the moment: AI, cloud computing, and consumer hardware.
Sachin Katti Takes on Expanded Role in AI and Technology
In a significant promotion, Intel has moved networking chip chief Sachin Katti to the position of Chief Technology and AI Officer. Katti is also a professor at Stanford. He replaces Greg Lavender, who retired from the post. Katti’s new job description includes a long list of important development tasks for the company.
Katti has the ideal mix of experience in academia and industry to help Intel drive its future. He not only knows how to develop breakthrough computing technologies, but also knows how to partner with startups and the broader developer ecosystem to ensure those technologies have impact. I look forward to seeing how Katti’s work in next-generation computing extends Intel’s leadership.
The memo also revealed that Intel is looking for a new leader to run its government affairs team, who will report directly to Tan. This is considered a critical position, with the global semiconductor business becoming ever more affected by government policies, everything from export controls to public-private R&D funding.
Significantly boosting India’s technological self-reliance, engineers from Kerala took the lead in creating the country’s first fully designed artificial intelligence (AI) server. The Rudra-3 AI server, developed by Manesar-headquartered VVDN Technologies, was recently unveiled by Union Electronics and IT Minister Ashwini Vaishnaw.
What made the maiden moment stand out was the minister’s enthusiastic nod to local contribution, using the Malayalam term Adipoli, meaning fantastic, to describe the accomplishment after learning that nearly 80% of the work was done at VVDN’s Kochi facility. The Rudra series includes the AI server, which features an advanced configuration of eight GPUs. It is likewise a key part of the next generation of Param supercomputers. The project represents a novel attempt by India to build domestic AI infrastructure.
AI Powerhouse with Real-World Impact
As per the Senior Vice President of Adaptive Compute and Communications at VVDN Kochi, Joseph George, the Rudra-3 server takes high-performance computing to the next level in a few key areas:
1. Weather prediction
2. Disaster response
3. Complex scientific simulations
These and other applications affected by Rudra-3’s advanced computing capabilities range from ‘real-time’ forecasts that impact millions to ‘biomedical’ research endeavors focused on understanding drug interactions at a molecular level.
The skills of the server are much more than a technical accomplishment; they are directed at solving urgent societal challenges. When India uses this locally harnessed AI power, it gets that much closer to directly serving its citizens with the sort of machine learning solutions that make things work better for them.
India’s Rising Electronics Design Ecosystem
The inauguration event took place at VVDN’s Global Innovation Park located in Manesar, Haryana, and was presided over by the minister. This particular event marked the unveiling of a new top-of-the-line Surface Mount Technology (SMT) line and a mechanical manufacturing innovation hub at VVDN. The minister took time before the cameras to proclaim that the electronics manufacturing sector in India had grown five times within a six-year time span. He also mentioned that the output of this sector now exceeded INR 11 lakh crore.
What sets India apart, according to Vaishnaw, is its increasing ability not just to manufacture but also to design high-end electronics. This capability, which many of our competing nations lack, gives us a leg up. The successful rollout of the Rudra-3 server, built on the foundation of Indian innovation, demonstrates this advantage in spades.
RISA Labs, a healthtech startup in Silicon Valley, founded by IIT Kanpur alumni Kshitij Jaggi and Kumar Shivang, has raised seed funding of USD 3.5 million to grapple with one of the oncology space’s most persistent bottlenecks: slowdowns in treatment induced by the prior authorization process. The round was led by Binny Bansal, co-founder of Flipkart, and included investments from an array of firms and individuals: Oncology Ventures, General Catalyst, z21 Ventures and ODD BIRD VC.
The startup’s purpose is to reduce the red tape that slows down healthcare and directly harms patients. They are starting with a product that helps with the prior authorization process, which the Mayo Clinic recently described as the most significant and universal administrative burden imposed on health care providers and patients. A lot of money and time are wasted because of these needless slowdowns. BOSS is supposed to help with that.
BOSS: An AI System Built for Flow, Not Friction
At its core, BOSS is not merely another layer of automation. It is a total rethink of how work gets done, especially in a complex, dynamic, and heavily regulated operational environment like healthcare. The BOSS system is based on a digital workforce that uses large language models (LLMs), digital twins, and reinforcement learning agents. These elements make up the BOSS architecture.
BOSS is a system for the world after ChatGPT. It expresses the fundamental shift that has occurred: we are now in a world where we not only know how to convey software instructions, but also where we must be able to express our intents to non-human intelligences that work for us. This new layer of intelligence has been built with BOSS as its first major product. It was used at a large cancer treatment center in the U.S. to help reduce the time it took to get prior authorization for certain kinds of medications from 30 minutes to less than five minutes. It also processed over INR 8 crore during the trial run and, most importantly, reduced costs by 66%.
Clinical Impact Backed by Technology and Research
RISA Labs is tackling a serious problem: approximately 70% of patients with cancer suffer treatment holdups owing to authorization problems. In numerous instances, those hitches can stretch out for a month, with the potential to up the mortality risk 13%.
Dr. Jeffrey Vacirca, the CEO of New York Cancer and Blood Specialists, put it forthrightly, “Cancer care is time sensitive. Every delay in treatment can affect outcomes. Prior authorizations continue to slow us down. What RISA is building is not just smart technology. It removes barriers so our teams can move faster and stay focused on what matters most: caring for patients.”
With its new funding, RISA Labs intends to broaden the deployment of BOSS to 100 cancer centers across the U.S. over the next two years. But their vision doesn’t stop there. This young company aims to serve all the stakeholders in oncology, from hospitals and pharma firms to platforms that coordinate care, and to make BOSS the intelligent backbone of cancer-care operations.
