Indian pharmaceutical market has been one of the largest markets in the world in terms of volume as well as value. Also, India is the largest provider of generic drugs with around 20% to 25% of global exports in volume. Since the business in the pharmaceutical industry of India is great, one can have a decent opportunity to start it in the local market.
If you are someone who is interested to open a medical store or obtain a pharmacy license in India, this write-up is for you. Pharmacy business has been eternal in our country. Even when all other businesses suffered huge losses due to the Covid-19 pandemic, pharmacy businesses kept on growing and flourishing and will continue the same in the future as well.
In India, the pharmacy business doesn’t get affected by economic cycles or financial hiccups. With minimum investment and space you can set up your pharmaceutical business is it a franchise or your own store. Read this article to know more about how to get a pharmacy license in India.
When you decide to obtain a pharmacy license in India, you should first decide the type of pharmacy that you would want to run as there are different types of pharmacy businesses in India.
In our country mostly all the pharmacy businesses fall under the category of standalone pharmacies who operate their business in the unorganized sector. However, the popularity of township pharmacies has been growing in recent years. It is observed that the majority of the standalone pharmacies are set up under a partnership or sole proprietorship.
These days pharmacies can now register themselves as LLP or a Private Limited Company for around Rs. 8000/-
Types of Drug License
Since there are various types of dealings and businesses in India in the pharmacy sector, there are various types of drug licenses. As mentioned below
Sales License
This license is to be obtained by the businesses that plan to make sales of drugs. These include Wholesale Drug License, Retail Drug License, and Restricted Drugs Sale License.
Manufacturing License
Those businesses who plan to manufacture drugs allopathic and homeopathic need to obtain a manufacturing license.
Loan License
A business that uses manufacturing facilities of some other license and does not own a manufacturing unit, requires a loan license.
Import License
When one wishes to deal in the import of drugs, an import license is issued.
Multi-Drug License
If one places to operate the pharmacy business in multiple regions with the same name, he/she a multi-drug license will be issued.
Revenue of Indian Pharma Sector
Prerequisites of obtaining a pharmacy business license in India
There are a few essential things that are to be acknowledged before obtaining a pharmacy license in India.
1. Qualification
If you are planning to have your own pharmacy business, you must be qualified. If your business operations are in wholesale it is imperative that you have completed your post-graduation with one year of experience or have an under graduation degree with four years of experience.
2. Place
When you wish to have a pharmacy business, it is important that you have adequate space too.
Pharmacy License
To obtain a wholesale or retail pharmacy business license you must have a minimum 15 square meter space.
In all other types, you would have to have a minimum of 10 square meters of space.
Also the National Building Code of India, 2005 has laid a few guidelines on the clear height of the premises of the sale which are to be followed accordingly.
3. Storage
There are many drugs that are required to be stored in low temperatures, refrigerators, or under air conditioners. You must have such important storage facilities for the same.
4. Tax registration
In our country, all pharmacy businesses are required to obtain GST tax and pay GST timely. Since these businesses will be selling drugs and medicines, they are going to be registered under GST 2017.
Documents required for starting a Pharmacy Business
Starting a pharmacy business in India comes with certain formalities and responsibilities that vary from state to state. It is suggested that whenever you apply for a pharmacy business license, keep the following documents ready with you.
1. Application form for the pharmacy license which is in the prescribed manner.
2. A covering letter would be required with the intent of the applicant. It should be signed by the applicant along with his/her name and designation.
3. For obtaining the drug license, you would be required to produce the receipt of challan fees.
4. A declaration in the prescribed format mentioned in the form.
5. The blueprint of the premises regarding the key plan and the site plan.
6. The grounds or basis of possession of the premises.
7. Any authorized Identification proof and photo of the owner/s of the pharmacy.
8. If the premise is taken on rent, then you would be required to show proof of the ownership of the premises.
9. Proofs of the constitution of a company like an Incorporation Certificate or Memorandum of Association or Article of Association or Partnership Deed are to be presented while obtaining the drug license.
10. An affidavit of non-conviction of proprietor or partners of the pharmacy business under the Drugs and Cosmetics Act 1940 is essential.
11. Along with the above-mentioned affidavit, you also need to produce an affidavit of a registered pharmacist or a competent person working full time.
12. If the person is employed, an appointment letter of a registered pharmacist or a competent person is required.
All these documents are required to be produced in order to become eligible for obtaining a medical store license. Once you complete all these formalities, you will be required to file the application for granting the pharmacy business license. For the same, you will have to visit the drug inspector’s office where all the proceedings would be taken ahead.
List of Application Forms
Sr. No
Form No.
Purpose
1.
Form 19
Application for grant or renewal of a license to sell, stock, exhibit or offer for sale, or distribute drugs apart from those specified in Schedule X.
2.
Form 19A
Application for granting or renewing a restricted license to sell, stock, exhibit or offer for sale, or distribute drugs by retail via dealers who don’t engage the service of a qualified individual.
3.
Form 19B
Application for license to sell, stock or exhibit or offer for sale, or distribute Homoeopathic Medicines.
4.
Form 19C
Application for grant or renewal of a [license to sell, stock, exhibit or offer for sale, or distribute] drugs specified in Schedule X.
5.
Form 24
Application for either the grant of a license or for the renewal of a license or to manufacture for sale or for distribution of drugs other than those which are specified in [Schedule C, C (1) and X].
6.
Form 24A
Application for either the grant of a loan license or renewal of a loan license to manufacture for sale or distribution of drugs other than those specified in Schedule C, C (1) and X.
7.
Form 24B
Application for grant or renewal of a licensee to repack for sale or distribution of drugs, being drugs other than those specified in Schedule C and C (1) excluding those specified in Schedule X.
8.
Form 24C
Application for the grant or renewal of a license to manufacture for sale [or for distribution] of Homoeopathic medicines or a license to manufacture potentized preparations from back potencies by licensees holding a license in Form 20-C
9.
Form 24F
Application for grant or renewal of a license to manufacture for sale or for distribution of drugs specified in Schedule X and not specified in Schedule C and C(1).
10.
Form 27
Application for grant or renewal of a license to manufacture for sale or for distribution of drugs specified in Schedule C and C (1) excluding those specified in part XB and Schedule X
FAQ
How much does it cost to open a pharmacy in India?
A pharmacy franchise requires an initial investment starting from INR 8 – 10 lakhs, which includes licensing and documentation.
How long does it take to become a pharmacist in India?
To practice pharmacy in India one atleast requires a diploma in pharmacy, which is awarded after only 2 years and 3 months of pharmacy studies.
Which is the number 1 pharmaceutical company?
Sun Pharmaceutical Industries Ltd is the number 1 pharmaceutical company.
Conclusion
Health is the most important part of everyone’s lives and is certainly a business sector that is evergreen. Pharmacy business in India is currently at the growth stage and will continue to flourish in the coming years as well. By following the procedure mentioned in the above write-up, you can easily obtain a drug license and open your own pharmacy store.
Multitasking is a way of doing multiple tasks at the same time. People who think faster usually do multitasking to finish their jobs on time and before the clock hits the desired time. Many offices now prefer someone who can do multitasking to save time and energy.
So, the question is how to Train Yourself in Doing Multitasking. Multitasking is not easy and not everyone is able to do it. There are those people who can work better when they do their tasks one at a time while others want to finish faster than expected. Multitasking requires quick thinking skills; however, people can train themselves in multitasking. Here are 7 simple steps to Train Yourself in Doing Multitasking.
Before venturing into multitasking, the goals need to be recognized and set. It is very important to have goals while multitasking so that time and energy is saved. Also, try to keep evaluating the goals and crossing them off the checklist to make work easier.
2. Research the job
Weigh the importance of tasks to know if multitasking is required or not. If the job doesn’t involve urgency and rush then they can be pursued at a later time and multitasking will not be required as some jobs require thorough attention and concentration to be completed. Multitasking won’t be a good option in such cases.
In doing multitasking, make sure that there is prior familiarity with every aspect of the task. Choose routine and known jobs for multitasking. Trying to do multitasking with jobs that are new increases the chance of failure.
4. Start as early as possible
It is better to start early when there are too many tasks to be done. Do not wait for the time set for the task to start. The more time one has on hand, the more tasks can be finished.
Do not stay on one task only as more jobs can be done when working alternately as long as the track is not lost. However, manage to stay focused on each task individually. Important point on how to Train Yourself in Doing Multitasking.
6. Cross-check the tasks
When there are tasks that are no longer relevant or necessary, eliminate them and stick to what is only urgent and important.
Multitasking is like opening many websites on the browser at the same time. When the first site is still loading its information, you can open another site to save time. Multitasking should also be done the same way.
It cannot be denied that multitasking requires huge focus but if people practice the above-mentioned points the stress levels can be minimized. Start with small tasks that are easily manageable and gradually move to bigger ones. Small and manageable tasks are easy to familiarize with. Do not try doing tasks that are not related to each other. Unrelated tasks will ruin the workflow and may destroy the work that has been done. Most importantly, do not forget to take a break. It is indeed multitasking but it doesn’t mean that people cannot take a break. Practice multitasking to reduce stress levels and increase productivity.
Being one of the top FMCG companies in India, Dabur has a wide range of products in the market-leading in personal, health care, and food and beverages. Dabur has touched many lives in India and is considered to be an integral part of Indian families as it has a spread of goods in distinct consumer categories.
In the past few years, Dabur has leveraged its brand and potential to the new online markets and has largely incorporated its business in digital means. The brand has been since then continuously rebuilding and renovating its brand so as to have a digital strategy for brand visibility.
Dabur aims and objectifies itself as a young, modern, and socially conscious brand. In this article, you will find the top 8 amazing marketing strategies used by Dabur to build its brand.
Dabur constantly envisions providing the best experience to its consumers. They have started to focus a lot on improving the website in order to improve the user experience. Customers can order anything and explore all range of products from their website homepage.
Dabur Website
Not only has the website focused on its diversified ayurvedic and herbal product range but also covers the social activities the company is indulged in and various paths through which the public or the customers can collaborate with the company.
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Dabur already had its presence in online and offline stores. E-commerce websites like FMCG titan, Snapdeal, Flipkart, etc, all were and are selling Dabur products. In fact, Amazon has a separate page for Dabur’s product range display.
In order to increase this customer base and reach, Dabur marked its presence over online grocery stores like Big Basket, and Grofers. Since people prefer to buy groceries online today, it has become easy for them to order their personal care products or Ayurvedic products of Dabur from such places.
Revenue of Dabur India
Marketplace Exploration
Dabur wants to increase its reach extensively, for which the company has been working hard on market place exploration. Whenever a consumer visits the website of Dabur, the website redirects the customers to the marketplace/s. The more and more options the consumers get, the more sales the company makes.
Youthful Packaging
Dabur India Ltd has continued to move towards targeting the youth and modern lifestyle consumers. Even though the generation today doesn’t bother to consider Ayurveda as seriously as the earlier generations did, but Dabur has been constantly attracting the youth by its appealing packaging of products and marketing strategies.
The target market of the company covers the consumers in the 15 – 40 years age bracket of which most of them are closer to the upper limit. The smell, taste, and looks of all Dabur products are made consciously with the approach to appeal to this target market.
Pricing Strategies
Dabur has tactfully organized its pricing strategies. The company has differentiated its premium products from other variants under every category due to which prices of the products vary from one another. Considering the competitors like HUL, Pepsi co. etc, Dabur has kept its price affordable so that every family of all income classes can buy Dabur products.
Also by providing premium products, Dabur also targets upper-class families to fulfill their needs as well. Also, the company tries to give a high margin to all the stockholders so that they don’t lose interest in the company’s products and also enjoy good profits on sales.
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Dabur often invests its resources in many social initiatives and campaigns, for example, in uplifting the rural areas. By doing such activities, Dabur attracts the attention of the masses by touching the sentiments of Indian consumers.
SWOT Analysis of Dabur
Dabur is operating its functions in the FMCG industry and the following is the SWOT analysis of their business which can give you a clearer understanding of the business environment.
STRENGTH
Dabur India Ltd. has a good brand name, goodwill, and reputation in the Indian market since it is a century-old company.
Dabur has one of the biggest herbal and Ayurvedic product range in India
Dabur has a very strong distribution network throughout the country
The company has an extremely effective supply chain
WEAKNESS
People have somewhere developed a notion that Dabur does not provide quality products
Some of the products of Dabur are said to overprice as compared to its competitors
Seasonal demand products like Chayawanprash and Vatika do not cover high sales all the time
OPPORTUNITIES
There is an untapped market of Chyawanprash that Dabur can explore like its competitors
The overall market of Dabur can be developed and the consumer reach can be increased.
Dabur has an extension to its product like ‘Vatika’ where the company has its skincare and body wash product segment
THREATS
The new entrants in the same sector which are rapidly increasing in the market are a big threat to Dabur
Existing competition in various product segments needs to be tackled with great marketing and innovation strategies.
The substitute Ayurvedic products that are present in the local market are a huge threat to Dabur’s ayurvedic products.
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Dabur India Ltd. is one of India’s leading FMCG companies.
Conclusion
Dabur is one of the oldest companies in India. However, it is still leveraging the modern channels of marketing to always stay relevant. Moreover, they are expanding their number of product to cover the needs and wants of almost all the age groups. It helps the brand to keep the customer loyal as all the generations of a family is using a single brand for their different needs.
In the sector of FMCG and OCT Ayurvedic Medicine, Dabur has been a major player in the market and has its presence in nearly all parts of the world. The company also has a widespread exposure to the e-commerce marketplace. The brand has now been serving the market for over 135 years now. The company aims to keep working towards serving totally organic products that do not have harmful chemicals because that is what the brand is known for. With continuous improvements, innovations and creative marketing strategies, the brand will continue to grow and flourish in the market.
Being a successful startup owner is not an easy task- it is counted as one of the most difficult jobs in the world. Many successful people don’t have a college degree but success doesn’t require a degree. The two most well-known names include those Steve Jobs and Mark Zuckerberg. These are stories that are known to the world. There are many more dropouts which are yet to be known because of their rigorous hard work and dedication towards the path of becoming a successful entrepreneur. So, let us see the insights on the topic- 5 College Dropouts Entrepreneurs In The Indian Startup Ecosystem.
Ritesh Agarwal is one of the top Indian college dropouts who became successful in India. He is the founder and CEO of hospitality business and app – Oyo Rooms – a network of 2,200 hotels operating in 154 cities across India – with monthly revenues of $3.5m and 1,500 employees. He holds a high school degree from St. Johns Senior Secondary School. He dropped out of college and sold sim cards to survive in spite of coming from a well-to-do family.
He travelled a lot, stayed at budget hotels and attended customer calls. This proved to be a good experience which helped him establish his business very firmly. OYO Rooms is a room aggregator business. The idea man behind OYO rooms is Ritesh Agarwal. Ritesh founded a company Oravel. He was obsessed with the idea of providing a budget enabled hotel at the age of 18 yrs. Later, he rebranded this concept to OYO Rooms.
His model attracted many investors. Some of these include Light speed Ventures, Sequoia Capital and Green Oaks Capital. It has raised a total of $125million of funding in 4 rounds from 7 investors. Agarwal has won many awards and accolades for his work including the Business World Young Entrepreneur Award. He is a regular speaker at entrepreneurial conferences and institutes across India and the world and a fellow of the Thiel Foundation.
He is another top Successful Indian College Dropout Entrepreneurs. He dropped out to start Freecharge. He co-founded Freecharge with Sandeep Tandon. Freecharge is a concept in the online recharging system. It offered a three-step recharge with exciting cashback offers. He founded the company in 2010. It was recently acquired by SnapDeal. He studied for his BA at Wilson College. He acquired a degree in philosophy and went onto study business management at NMIMS. But he dropped out. His first venture was Paisaback. This offered cash back from retailers.
He dropped out of Osmania University to sell vacuum cleaners. He went door to door to make sales. Post that he started writing. He wrote for Unilever, Pepsi and MTV among others. He also did a lot of creative ad campaigns and became a creative director. He created several top-notch commercials, which won him awards. He founded the ad agency Pinstorm in 2004.
Pinstorm is a leading search engine marketing firm in Asia. He offered a ‘pay-for-performance’ model. This worked well with most corporate and was received well for a start-up. He has counselled in marketing for 29 years and spent over thirteen years helping start-ups. He has helped seed fund and founded over ten start-up ventures in India alone. He believes that entrepreneurs should “Dream Big. The earth’s the limit.”
Percentage of College Dropouts By Age
4. Kailash Katkar
Kailash Katkar- Quick Heal
Born on the 1st of November 1966, in the village of Rahimatpur in Maharashtra, the Founder, CEO and Chairman of the Rs. 200-crore+ Quick Heal Technologies. He grew up in Pune, where his father used to work at Philips as a machine setter. Kailash had to drop out of his studies soon after he completed his SSC (10th Grade), primarily due to family circumstances. He started his career by working in repairs shop to help his family financially. He repaired calculators and radios. Later, in 1990, he started his own repairs shop. In 1993, he started a computer repair zone– CAT.
He was inspired as his younger brother Sanjay, had developed anti-virus software to solve their issue of computer maintenance. As time went on, he rebranded and expanded. By 2007, he named his company Quick Heal Technologies. It is the first company in India to create and market an antivirus solution. It has also started an R&D section for research in security solutions. The company masters the art of cloud-based security and advanced machine learning enabled solutions to stop threats, attacks and malicious traffic before it strikes with the help of its services.
This service includes– Quick Heal Total Security, Quick Heal Internet Security, Quick Heal PCTuner 3.0, etc for the Home Users, along with Quick Heal Total Security for Android, Quick Heal Mobile Security, Quick Heal Gadget Securance, Fonetastic Free, Fonetastic Pro, etc for the Mobile users. The company today has transformed into an IT security solutions empire which is spread across 60 countries worldwide including 31 branch offices across India along with offices in countries like Japan, USA, Kenya and Dubai.
5. Rahul Yadav
Rahul Yadav- HOUSING.COM
Rahul born to a middle-class family from Rajasthan is an IIT (Bombay) final year dropout. He had enrolled at the Indian Institute of Technology Bombay in 2007 to specialize in metallurgy. He also went on to serve as the representative and secretary for the university’s student association as well. Dropping out of IIT in the fourth years is not easy. It’s even tougher to succeed after that or so you would believe. But Rahul Yadav proved otherwise.
Not only did he drop out of IIT, but he also launched a successful portal, Housing.com. He co-founded this portal and became CEO. This portal helps to search and sell properties worth millions. Within the first week itself, the portal sold properties worth eight million. Yadav was featured in the Forbes list of young entrepreneurs – “30 under 30”. The company today, with a strong team of 2500 people housing.com is valued at ₹1500 crores.
The company at the moment gets more than 11 million visitors on the website/month and has also crossed a million app downloads as well. And talking about their funding rounds, housing.com has raised a total of $139.5 Million in 4 Rounds from 6 Investors including – SoftBank Capital, Helion Venture Partners, Qualcomm Ventures.
Most of us would have heard about bitcoin and cryptocurrencies. It is all over the news and everyone speaks about the fancy returns provided by this digital coin. It has created its mark in the market. It was not so famous some years back and the value of the coin was not so high.
The popularity has increased the value of the digital coin. But even though the coin has provided huge returns and even though it has been claimed as the favourite investment tool for the GenZ, the major investors and the rich stays away from it.
The famous investor of India Rakesh Jhunjhunwala recently said that he wouldn’t buy bitcoin for even 5 Dollars. Warren Buffet one of the richest people in the world has said that bitcoin and other cryptocurrencies are worthless. He terms it to be a delusion.
Here are some reasons why the rich doesn’t invest in bitcoins.
Bitcoin has become a craze worldwide. Not a lot of them know what a bitcoin is or understands the concept of cryptocurrencies. But they would end up investing in it because of the trend and later on would sell it which would cause a huge fluctuation in the price. This makes it difficult to value the coin and to find an accurate value.
Bitcoins are not backed by any assets and hence the price of bitcoins totally depends on the demand and supply. If the demand for bitcoins are increasing the price would increase and if the demand decreases there would be a fall in price. This makes it difficult for investors to make a good investment.
Bitcoin Price in U.S. Dollars 2017- 2021
Bitcoin is just a digital coin. It cannot be touched or felt, it is not physically present. It is made up of certain codes and it does not have a real value. The value of bitcoin depends on the people and the market news. If there is a negative news in the market then we will see a fall in prices of the coin and vice-versa.
Bitcoins are highly volatile. Bitcoins can be traded 24 hours a day and since it is open for trading every time there would be huge amount of buying and selling, which would cause a difference of up to 20-30% of the price in a day. It is considered unstable and there are chances that you would lose all your money in a day.
Bitcoin’s main value is derived from its blockchain technology. But now a lot of other cryptocurrencies are using the same technology. Bitcoin has an early mover advantage and that’s why the prices are really high. But bitcoin was actually made to make secure online transactions which is not the situation now. Some exchanges say that it would take around 10 days to complete an order of the bitcoin placed, as there is huge demand for the coin.
Most of them don’t transact using bitcoin because the price keeps fluctuating. When the other person receives the money, the value would be different when compared to the time the coins were sent.
Most of them are not buying the coin for its value, but because of the trend. The rich and investors finds it gambling and not investing.
There are a lot of scams associated with bitcoins. Hackers or Malicious users can get details of your Wallet and take away your coins. There was a recent incident where the twitter accounts of the top individuals Elon musk, Barack Obama and Bill gates were compromised.
The tweet said that they were feeling generous and would double the bitcoins sent to a specific wallet. People who sent the bitcoins lost their coins and it was impossible to trace the digital coins because of the blockchain technology as it keeps it secure. It involves a lot of risk.
There is no central body which regulates and hence if you lose your bitcoins or if someone hacks into your wallet you wouldn’t receive your coins back. Bitcoin’s blockchain technology makes it impossible to track your coins if you lose it. It is highly risky and it cannot be considered as an investment option.
Bitcoin is an risky investment that may or may not pay off.
Is it Legal to buy and sell Bitcoin in India?
It is Legal to buy and sell Bitcoin in India.
What are the taxes I should be concerned about Bitcoins?
There is a lack of clarity on the tax front on Bitcoin investment in India.
Conclusion
Other than these there are also a lot of scams related to Cryptocurrencies. The companies promise huge returns and claims that a specific coin is going to beat bitcoin in some years and people tend to invest in it. People invest without proper research and knowledge and just look at the high returns and lose their entire amount.
The above reasons are why the wealthy don’t prefer to invest in bitcoins. Bitcoins have provided huge returns in the recent years but it is a highly risky product and you can never predict the price of bitcoin in future. Buying a bitcoin is equivalent to gambling than investing.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by TruckSuvidha
Trucks play a very important role in the Indian transportation sector. Studies have shown that over 65% of India’s cargo is being carried on trucks. With exploding domestic consumption rates in the country, improvement and extension of highways and warehousing facilities, truck transportation is gaining more momentum. However, the matter of concern here is that the truck transportation industry is still very unorganized and fragmented, due to which all the players of the industry, i.e the shipper, transporter, broker and fleet owners face problems.
TruckSuvidha, a logistics startupbased in Yamuna Nagar (Haryana) is instilling order to this unorganized sector by bringing together all the players of the truck transportation industry, for the mutual benefit of all.
Read more about TruckSuvidha Success Story, Business Model, Funding, Revenue, Growth, Logo etc.,
TruckSuvidha is ensuring quick transportation of essential commodities during the Global Pandemic. When the entire economy has come to halt during lockdown, one thing that is still moving is the transportation of food and other essential items from one place to another. TruckSuvidha, the first online portal developed for the transportation industry in India, had also shut its business temporarily during the lockdown.
Later, the government listed the start-up on National Agriculture Market (eNAM), an online portal that helps farmers avail the trucks for the transportation of food and related materials across the nation.
“We understand the seriousness of the situation. We have joined the mission of connecting farmers with truck drivers so that the essential commodities can be supplied at the earliest to ward off any shortage in the markets,” said Amit Punaini, Co-founder of TruckSuvidha
TruckSuvidha connects shipper, transporters, truck drivers, fleet owners, customers and all other entities related to truck transportation. Thus it makes transporting goods easy for shippers or transporters and likewise makes it easy for truck drivers or fleet owners to find load.
Founded in 2014, this startup envisions to bring all the players of the road transportation-related industry under one umbrella so that each one of them can provide better service to its customers.
Our long term vision is building a strong platform for them where they can easily search and avail the solution related to problems of transportation industry.
TruckSuvidha is one of the leading players of the transportation sector providing services to truck drivers, brokers, logistics, packers and movers, industries, fleet owners, commission agent, etc. Services offered by TruckSuvidha are –
Online Truck Booking Service
Facility to list your idle vehicles and get a return load
Displaying Real-time information on available loads and trucks.
Online and easy to access transport directory
“The USP of TruckSuvidha would be the concept, ease of use and the information it provides. This is a unique concept combined with a lot of field work and a host of people ready to be a part of it” the founders say.
TruckSuvidha authenticates the information of customers (transporters, packers & movers, individual/industries) who make registration on the site by verifying their mobile number and by taking pan card and service tax no, which makes the platform reliable.
The company has an excellent customer care team that sees to it that the users who are not so much educated and are not comfortable in using the platform get all the assistance required.
TruckSuvidha – Founders and Team
Amit Punaini and Ishu Bansal are the founders of TruckSuvidha.
Amit Punaini and Ishu Bansal – Founders, TruckSuvidha
Amit Puniani is a passionate businessman, who has always wanted to start a venture which could be helpful for society. Thus he along with Ishu Bansal started TruckSuvidha with the aim to organize the unorganized truck transportation sector.
Ishu Bansal, a software engineer by profession also had a dream to have a startup through which he could make a positive difference in society.
As it is said, like minds think alike, Ishu with his technical background, and Amit with his resources are set on a path to make an impact in the lives of the not so educated section of people, who are associated with truck transportation, with the help of technology.
Currently, TruckSuvidha has a team size of about 45-50 members.
Team TruckSuvidha
How Did TruckSuvidha Start?
Ishu was a software engineer by profession, and was doing well in his career but somehow felt that it was not his calling to be just another software engineer. He wanted to do something more worthwhile. Ishu’s family owned a plywood manufacturing unit. He observed how problematic it was to transport manufactured goods. He saw that there were always some or the other issue that businesses have to face in transporting their goods. This instigated Ishu to do something to solve this problem. As he usually does, he discussed this idea with Amit. Being from a business background, Amit too found the idea interesting and decided to be a part of it, ultimately leading to the inception of TruckSuvidha.
The duo started their journey from a visit to the Azadpur Mandi and interacting with the people who actually are in this industry. This made them believe that they are on the right path and could do something to bring about a change to the lives of these people associated with the transportation of goods. TruckSuvidha was launched in September 2014 in Yamuna Nagar, Haryana.
We realized how unorganized this sector was, which required a bit of technology & innovation to turn things around. Some common problems were the hassle a customer has to face while booking a truck, difficult life of a truck driver and potential business losses faced by transporters all of which had a solution. We are here to provide that solution.
The name TruckSuvidha depicts the core services provided by the company.
The brand name “TruckSuvidha” is short, easy to pronounce, and users easily understand that what we are offerings.
TruckSuvidha Logo
TruckSuvidha’s tagline is “Think Ahead”, which reflects the aim and vision of the company. The company’s logo is simple and easily identifiable.
TruckSuvidha – Business Model and How it works
With TruckSuvidha, the user gets all freight transport solutions under one roof. With a few clicks, user can register as a customer, transporter or packer or mover. Trucksuvidha.com is offering free load posting to all the big and small transport players as well as to other sectors that are directly or indirectly linked with the transport sector and free listing their firm on the website.
The customer can choose the city, date, material, weight and truck type as per their choice and book a vehicle for transportation without having to talk to transporters directly.
The transporters can list their entire catalog of vehicles available. Customer’s requests will directly reach the transporter. TruckSuvidha will get requests directly from the customer as well as the transporter.
TruckSuvidha works on a subscription based revenue model. It provides a range of subscriptions from half yearly to yearly depending upon one’s requirement. As it targets truckers, transporters and service providers alike the subscription packages are specific to their needs. Apart from the core vendor details, everything is free on the website.
TruckSuvidha – Funding and Investors
TruckSuvidha raised an undisclosed amount led by Gas Authority of India Limited (GAIL) as Seed Round in November 2019. GAIL is the Government of India owned natural gas processing company that received the Maharatna status in 2013. With its presence in 32 Indian cities, 34000 registered transporters and 332000 trucks with an average of 1550 bookings each day, TruckSuvidha aims to expand its territory to more Indian cities and reinforce the backend technology.
TruckSuvidha – User Acquisition
TruckSuvidha uses digital platforms to reach out to its targeted customers. Creating brand awareness helped TruckSuvidha to acquire its first set of customers within a short span of time. The company strives to provide excellent services to its users to retain the customer base.
Running any business without cash flow is the most difficult phase for any business as rightly said by Ishu and Amit. The TruckSuvidha team manages the cash flow constraints by making the right strategies, identifying important expenses and through optimization of resources.
Some other challenges that the team is facing are-
Winning the trust of people, as people think that digital platforms are not safe and secure.
Providing knowledge of the internet to the users.
Changing the mindset of the people who are habituated to work in the traditional way.
TruckSuvidha – Competitors
Rivigo and Blackbuck are some competitors of TruckSuvidha. However, TruckSuvidha’s market existence is more than that of its competitors as claimed by the founders. Besides, it also promises to offer its users easy and affordable subscription plans in comparison to the competitors.
Most of our competitors have a sizeable cut in eat and every deal, on the other hand, we offer our services at easily affordable prices. Our services and subscriptions are unique and we plan to introduce more such facilities over a period of time which nor only proves helpful for the customers but the entire industry as a whole.
As said by the founders, earlier the transporters were not even ready to get registered but now they are doing self-registration and calling TruckSuvidha for the services, which is a great achievement.
TruckSuvidha currently has over 33933 transporters in its network. Besides, around 16898 customers and 1968 packers and movers are associated with TruckSuvidha. The revenue earned annually by the company is approximately $4 Million.
For us, every single customer is valuable. For inviting customer, it is most important that you must have something that is satisfying the need of the society. We are happy that we had built something that is actually what they required.
Frequently Asked Questions – FAQs
Who is the founder of TruckSuvidha?
Amit Punaini and Ishu Bansal are the founders of TruckSuvidha.
For the people born in the 21st century, Disney has been the main part of our childhood, we grew up watching their cartoons and animated movies. Disney which is also known as the Walt Disney Company is an American conglomerate which is headquartered in Burbank, California. The company is a leader in the sectors of entertainment and one of the largest media companies because of its subsidiaries and acquisitions like ABC, ESPN, Pixar, 21st Century Fox, Lucas Films, Marvel, National Geographic, etc. The company is known to have over 210,000 people and generated total revenue of $65.39 Billion in 2020 alone.
The company was founded by the famed Disney brothers, Walt and Roy Disney in the year of 1923. The new CEO of the company is Bob Chapek. The company is popular for its International theme parks, an animation studio that has made iconic movies, numerous business franchises, top-notch media and entertainment under its belt. Disney’s business is divided among its different acquisitions and subsidiaries.
The four main parts are Disney’s media networks: Parks, Resorts, experiences and products; Studio and entertainment and direct to consumer and international. Walt Disney is usually given the credit of being one of the pioneers in film making.
The company is not only one of the best in the animation industry but also live-action film production and television. The company is also into publishing, consumer products, and international operations and is recently getting big in the sector of the direct-to-consumer with Over The Top/streaming services like Disney+, Hulu, ESPN+, and Hotstar.
It so far has 14 theme parks, many resort hotels, cruise lines across the world among which the most popular are the Disney theme parks and amusement parks. Disney created the iconic character Mickey Mouse (the first sound cartoon) in 1928 that is recognized by everyone around the world.
The Walt Disney Company was created by Walt and Roy Disney, they first opened the Disney Brother Cartoon Studio in Hollywood, California in October 1923. After that Walt Disney started drawing cartoons for many publications and became interested in animation during this time period. They then went on to produce short films like Laugh O Gram and Alice’s wonderland. In 1928 it came out with the Steamboat Willie, which introduced the first sound cartoon Mickey Mouse, today Mickey Mouse is one of the most recognized cartoons around the world.
The next hit by them was the famous Snow White and the seven Dwarfs in 1937 which was a chart buster. In the 1950s the company made its first live action film called Treasure Island, then made the animated movies of Cinderella and the series of Mickey Mouse Club which catapulted the company into the limelight.
Walt Disney passed away in 1966 and was survived by Roy Disney who continued the supervision of the company. By that time Disney had already opened many theme parks but its first international theme park was opened in 1982.
In 1980’s the company started its own channel (Disney Channel) on Cable TV. Michael D Eisner became its chairman in 1984 and helped the company grow to new heights. Since then the company continued making show stopping movies which was acclaimed by everyone and at the same time helped the animation industry grow.
It then diversified into other sectors like the Action film production, television and theme parks. The animation studio changed its name to the Walt Disney Production in 1986 so it could focus on its different sectors which were theater, radio, music, merchandising, publishing and media.
Net income of Walt Disney
The Walt Disney Subsidiaries and Acquisitions
In the 1950’s it built many hotels, amusement/theme parks and started acquiring many media and entertainment properties in the 90s. In 2006, the company acquired Pixar which is known for making digital animated movies like Toy Story, Finding Nemo, The Incredibles, etc. In 2009, Disney sold Miramax Studios in order to downsize the Touchstone Pictures. The same year it also brought Marvel Entertainment which is known for making many superhero franchises like Iron Man, Spiderman, Deadpool, etc. Disney also acquired Lucasfilm in 2012 which is known for the Star Wars franchise.
The company now owns the big names in the entertainment and media industries like ABC broadcast television network, ESPN, A+E Networks, Pixar, Marvel Studios, Lucas films, 20th FOX, etc. The company started with a couple of animators who made short children cartoon films, today is one of the most popular companies in the world. The company is trying to make it corporate because it wants to market to a larger audience by providing mature content. The company subsidiaries and acquisitions are divided under three main business sections which are:
This division is headed by Kareem Daniel and is mainly responsible for the distribution, operations, sales, advertising and promoting the other three sectors of Disney which are its Parks and products, Walt Disney Studios, Disney’s Entertainment Sector and Sports sector.
This division was formed in October 2020. This sector also manages the Disney’s direct to consumer business which includes its various streaming platforms. The main OTT/ streaming platforms of Disney are Disney+, Hulu, ESPN+ and Hotstar. This also manages other sectors of Disney international holding such as Star India and other television networks, Disney’s music group and the company’s media distribution.
Disney +
Disney plus is an OTT and subscription-based video on demand service that is owned and operated by Disney. It was made available in India through Hotstar in April 2020 and then rebranded in as Disney+Hotstar.This platform was initially made to distribute films and televisions shows that are made from its wide range of its entertainment companies under Disney which are the Walt Disney Studios, Walt Disney Television and subsidiaries Pixar, Marvel, Star Wars and National Geographic and more.
Disney plus was launched in November 2019 for US, Canada, Australia, New Zealand and September 2020 for the European countries, November 2020 for Latin American countries. As of January 2021, the platform has over 94.9 million subscriptions. The cost of Disney+ in the US costs $6.99 per month and $69.99 per annum, while in India the Disney+ Hotstar VIP is Rs. 399 per year and Disney+ Hotstar Premium costs Rs. 299 per month/Rs 1,499 per year. Disney+ is now one of top ten OTT platform in the world.
Hulu
Hulu is also one of most well know OTT platform/ subscription video on demand service that is owned by both The Walt Disney Company and Comcast’s NBC Universal according to equity. In 2010, Hulu became the first OTT platform to upgrade to plus that provided extra services like earlier access to episodes and programs from different partners.
As of December 2020, Hulu had over 16.6 million subscribers. It was only in 2019 that Hulu was brought by Disney as it then acquired the 21st Century giving it the 60% majority stake. The other stake holder of Hulu is comcast which made a deal with Disney to purchase 33% stake in the company by 2024. The cost of Hulu basic in the US is $5.99 per month, with the Premium costing $11.99 per month, however Hulu is not available in India.
Hulu Subscribers 2015 to 2020
ESPN+
ESPN plus is the OTT/subscription video streaming service that is the online version of the ESPN TV channel. ESPN+ is owned by Disney in partnership with the ESPN Inc. ESPN is also one of the most known OTT platforms in the US. Like Hulu and Disney plus, ESPN plus also uses the technology of the company’s subsidiary the BAMTech.
Unlike the TV version the ESPN+ covers sports such as the Golf, Cricket, Rugby, Soccer, Combat sports like top rank boxing, hockey league, other basketball leagues that are sometimes exclusive and not aired on TV. As of November 2020, ESPN plus has over 10.3 million subscribers. The cost of ESPN+ in the US is $6 per month and $60 annual.
The Disney Parks, Experiences and Products are one of the most important parts of the company. This sector mainly includes Walt Disney’s Theme parks/amusement parks, cruise lines, resorts and other consumer products. Josh D’Amaro is the head of this division. Some of the most popular holdings are the Walt Disney World, Disneyland resort, Tokyo Disney Resort, Disneyland Paris, Hongkong Disneyland Resort, Shanghai Disney Resort, Disney Vacation Club, Disney Cruise Line and Adventures of Disney.
The company uses its own and its subsidiary’s brands and franchise such as Disney studios, Marvel, LucasFilms, Pixar, ESPN, 20th FOX and the National Geographic and incorporates in its holding in order to create magical moments for its visitors. It makes global products in 100 categories such as figures, toys, jewellery, tech, etc that bring stories and characters to life.
Disney is also known to be one of the leading providers of family’s travel and leisure experiences with the help of 6 international resort destinations, 12 theme parks and 53 resorts.
Disney is also known for making high quality games on mobile and console platforms for all ages which are based on the character’s and stories it owns. The company’s publishing sector is the world largest publisher especially for the children books and magazines. It is also a leader in licensing as it is present in 68 countries and done in 45 languages. It also has a top-rated cruise line that is popular and other unique vacation experiences like vacation clubs and adventures by Disney.
One of the main divisions of Disney’s business as it has many of its main acquisitions and subsidiaries under it. The Walt Disney Studio consists of big names in the film and entertainment industry besides Walt Disney Pictures and Walt Disney Animation Studios such as the Pixar, Marvel Studios, LucasFilms, 21th Century FOX, Blue Sky Studios and Searchlight Pictures. The studios were founded in 1923 and is one of the oldest film studios now headed by Alan Bergman.
Disney is known to have a industry record of about $13.2 billion at the global box office thanks to its subsidiaries. Six of the top ten highest grossing films worldwide are produced under Disney as they also have two of the highest grossing film franchises of all time.
Disney also has two further division which are the Disney general Entertainment Content and the ESPN and sports content. These both are integral part of the company and have companies like ABC signature and ABC news, Fox networks, National Geographic and ESPN under it.
21st Century Fox is one of the biggest and popular media and entertainment company that was acquired by Disney in March of 2019 for $71 billion. Earlier know as 20th Century Fox the News corporation was under Robert Murdoch. The 20th Century studios was one of the best American film studios for more than 80 years.
The company was initially formed in 1935 with the merging of Fox Film Corporation and 20th Century Pictures. In 1985, the company became the 20th Century Fox because it was acquired by a news corporation then spilt again 2013.
It then changed its name to 21st century Fox in January of 2020, after the Disney acquisition. The company is headquartered in the Century City area of Los Angeles, California. When Disney brought the company its also got its franchises like its TV studios, The Fox networks, National Geographic, Hulu and international networks like Star. This acquisition was important for Disney as it helped the company cater to a larger audience by providing different content.
ABC Broadcast Network
This is one the most powerful media companies in the world that was acquired by Disney in July of 1995 for $19 billion dollars. The company was formed in 1985 after Capital Cities acquired ABC for $3.5 billion. It wasn’t until 1995, that Disney acquired the company bringing together the two leaders of media and entertainment together. After Disney acquired this company it also the control of many Tv channels, Radio stations, high equity in ESPN, History channel, A&E Network, etc.
Disney acquired abc for $19 billion dollars
The company rebranded itself in 1996 as the ABC television group. It is now headquartered in Burbank California, while the headquarters of the news division is in New York City. ABC has over eight owned and operated main TV station and over 232 affiliated TV stations in the US alone.
When it comes to the ABC News sector it is also one the best news channels in the world. Few of the most famous shows of ABC news are ABC tonight with David Muir, Good Morning America, Primetime, 20/20, Sunday morning political affairs program, Nightline, etc.
Pixar Animation Studios
Everybody has watched Pixar movies like Toy Story, Finding Nemo, Wall E, Cars, Ratatouille etc. Pixar one of the most recognized and acclaimed animation studio which was acquired by Disney in January 2006 for $7.4 billion.Pixar was created by the iconic Steve Jobs (former CEO and founder of Apple) in 1986. The company was formed when apple first brought the animation film technology of LucasFilms. Because of Steve Jobs effort Pixar became one of the biggest animation film producers.
Steve jobs Bought Pixar in 1986.
The company has its headquarters in Emeryville, California. Pixar has so far made 23 feature films and many short films with its most recent movie being the Soul in 2020. Pixar has earned over $14 billion at the worldwide box office un till 2019. 15 movies of Pixar like Toy Story, Finding Dory, Incredibles 2, Toy Story 4 are among the highest grossing animated movies of all time. The company has also awarded with 20 academy awards and 9 Golden Globe Awards including 11 Grammy’s and many other awards.
Marvel Entertainment
Marvel Movies like Spiderman, Ironman, Captain America, Thor, Civil War, Infinity War, have been a part of our life growing up. Marvel is an entertainment giant and one of the most globally loved film and television studio that was acquired by Disney in 2009 for $4 billion.
The marvel studios are known for its movies that are based on superheroes of the marvel cinematic universe that characters taken from the original marvel comics. The company initially went through many ups and downs of many name changes, different ownership, bankruptcy, before becoming a household name.
Marvel’s headquarters are based in New York. The company has over 5000 characters such as Spider Man, Iron Man, X men characters, Captain America, Fantastic Four characters, and many more in the marvel cinematic universe. The marvel Studios have till now produced 23 movies based on different superheroes and its most recent one being its first television series called WandaVision in 2021. There are many marvel movies that have crossed the $1 billion box office mark. A fun fact about Marvel is, In the early 1990s, Michael Jackson tried to purchase Marvel Comics, because he wanted to produce Spiderman to play as Peter parker.
Michael Jackson tried to purchase Marvel comics
LucasFilms Ltd
LucasFilms is also one the most famous Television and Film production company that was acquired by Disney in October 2012 for $4.1 billion. Lucas Film was first created in 1971 by the filmmaker George Lucas. LucasFilms has its headquarters in San Francisco, California. The studio is known for its popular and blockbuster franchises of Star Wars and Indiana Jones.
LucasFilm Logo
The company has been credited for its development in the sectors of special effects, sound and computer animation. Disney acquired this company to cater to the need to a wider consumer base and to get an access to highest grossing franchises. Disney also has theme parks and resorts that are based on Star Wars.
FAQ
Who was the founder of Disney and When was it founded?
The company was founded by the famed Disney brothers, Walt and Roy Disney in the year of 1923.
What are the main sections of Disney’s business?
Disney Media and Entertainment Distribution, The Walt Disney Parks, Experiences and Products and Walt Disney Studios are the main sections of Disney’s business.
What are the top five subsidiaries of Walt Disney?
LucasFilms Ltd, Marvel Entertainment, Pixar Animation Studios, ABC Broadcast Network and 21st Century Fox are the top five subsidiaries of Walt Disney.
What are the Three main OTT/subscription video streaming service of Disney?
Disney+, ESPN+, Hulu are the Three main OTT/subscription video streaming service of Disney.
Conclusion
Disney is one of the biggest entertainments and media conglomerates in the world. This is because the company has made strategic decisions in acquiring some of the biggest companies as its Subsidiaries. No matter which industry Disney has excelled at putting out its best work. The company is so successful because it managed to change the lives of people around the world. May it be movies or its amusement parks Disney has not failed in making peoples dreams into reality.
Verghese Kurien was appointed as the Founder-Chairman of National Dairy Development Board (NDDB), headquartered at Gujarat, India. NDDB is an institution of national importance established by an Act of Parliament of India. He established the dairy cooperative, Kaira District Cooperative Milk Producers’ Union Limited (KDCMPUL), popularly known as Amul, at Anand, Gujarat. He assiduously helped Amul throughout the process of producing milk powder through buffalo’s milk. This impressive factor led him to sit at the position of Chairman at NDDB. He is unanimously knowsn as the Father of the White Revolution.
Verghese came from a Syrian Anglican Christian family. He was born in Calicut, Madras Presidency, British India (now, Kozhikode, Kerala, India). His father was employed as a civil surgeon at one of the government hospital of Tamil Nadu.
When Verghese was 22 years old, his father died. His uncle then shifted this family to his home in Trichur (now, Thrissur).
Verghese Kurien on success of Amul
Verghese Kurien- Education
Verghese completed his primary education from Diamond Jubilee Higher Secondary School, Gobichettipalayam, in Coimbatore (now, Erode district, Tamil Nadu).
At age 14, he joined Loyola College in Madras (now, Chennai). He pursued graduation from there and received his physics specialized degree in 1940.
He also pursued a bachelor’s degree in mechanical engineering from the College of Engineering, Guindy in 1943. At that time this college came under University of Madras.
Verghese wanted to join Army and serve as an engineer. But, his mother wanted him to join Tata Steel Technical Institute, Jamshedpur. One of his uncle was among the Directors of Tata Steel and he eventually recommended his name. He soon graduated from the institute in 1946.
Verghese wanted to get rid of his uncle’s flattery and soon left to apply for a scholarship offered by the Indian government. He then chose to study dairy engineering. However, his uncle persuaded him to get admitted to the Imperial Institute of Animal Husbandry in Bangalore (now, National Dairy Research Institute). He spent nine months over there and then went to America.
In America he started studying at Michigan State University. He received a master’s degree in mechanical engineering (metallurgy) with a minor in nuclear physics in 1948.
He was assiduously trained in dairy technology from 1952-1953 on a government sponsorship to New Zealand to a fortification of cooperative dairying. He then went to Australia, where he innovated various ideas and learnt to set up Amul.
Verghese exercised various efforts for around thirty cooperative institutions including Amul, IRMA, NDDB that eventually thrived under his direction.
He was least interested in the dairy farming cooperative business, and was even not fond of milk or any of its products. However, he served his job as an Officer in Dairy Division in return for the Government scholarship.
However, he is the one who ruled the dairy farming cooperative business and brought immense employment opportunities for Indian citizens and farmers as well.
At a time, when India was not even considered in the field of milk production, Verghese flipped this image of India and soon he brought Operation Flood in India. India eventually became the largest producer of milk world wide.
Verghese Kurien- Success story
After returning from US in 1949, the Government of India designated him to a creamery at Anand to serve as an Officer at Dairy Division for five years.
Verghese initially found his job boring until he met Tribhuvandas Patel, who sought to raise farmers and ditch the rich cunning business persons who were snatching their part of money. Verghese was impressed by Patel, and he too joined in his fight against farmer’s exploitation.
Patel founded a cooperative Kaira District Cooperative Milk Producers’ Union Limited (KDCMPUL), Kurien supported him all the way from facing competitors to overcoming them.
The Kaira District Cooperative Milk Producers’ Union Limited (KDCMPUL) was formed in 1946 with the collated efforts of Verghese and Tribhuvandas Patel.
The cooperative KDCMPUL was soon named Amul Dairy, which eventually played a pivotal role in flourishing White Revolution in India. The turning point of Amul came when the process of producing milk powder through cow’s milk was discovered.
Verghese Kurien is the founder of amul company. The idea of Amul Dairy was so enchanting that many of its model was soon established in the neighboring districts of Gujarat.
Rise of Amul
Verghese Kurien- Founder of NDDB & IRMA
Verghese’ work in Amul was so renowed and exemplary, that the then Indian Prime Minister, Lal Bahadur Shastri established the National Dairy Development Board (NDDB) in 1965 to expand the dairy cooperative program to every corner of the country. Verghese was designated as the Chairman of NDDC.
With an eye to adequately manage the cooperative body, the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) was established in 1973.
Verghese found the Institute of Rural Management, Anand (IRMA), based on the fact that effective rural development is feasible only through professional management.
Verghese Kurien- Books
The Man Who Made the Elephant by Dr. Verghese Kurien is his authorized audio-autobiography. Tom Alter voiced this audiobook, he narrates the surmounting story of the globally praised Dr. Verghese Kurien.
Kurien authored another book in 1997 named An Unfinished Dream published by Tata-McGraw-Hill.
He wrote another book in 2005, I Too Had a Dream published by APH Publishing Corp.
Verghese Kurien- Awards
Award
Awarding Organization
Ramon Magsaysay Award (1963)
Ramon Magsaysay Award Foundation
Padma Shri (1965)
Government of India
Padma Bhushan (1966)
Government of India
Krishi Ratna (1986)
Government of India
Wateler Peace Prize (1986)
Carnegie Foundation (Netherlands)
World Food Prize (1989)
World Food Prize Foundation
International Person of the Year (1993)
World Dairy Expo
Order of Agricultural Merit (1997)
Ministry of Agriculture, France
Padma Vibhushan (1999)
Government of India
Frequently Asked Questions – FAQs
Who is known as the Father of the White Revolution?
Verghese Kurien is known as the Father of the White Revolution.
What is the White Revolution?
White Revolution was one of the biggest dairy development movements, by the Indian Government, in India in 1970. It was a step taken by the Indian Government to develop and help the dairy industry sustain itself economically by developing a co-operative, while providing employment to the poor farmers.
How much is Amul worth?
The net worth of Amul has surpassed INR 52,000 Crore.
Women have been entering many fields and industries that they were absent in the past. They have been breaking through the glass-ceiling for quite some time now, and there are many professions they are taking up and excelling in. In this article, we will take a look at the most profitable business ideasfor housewives and women who want to do some side hustle. Remember, the list is limited in this article but not in real life. You can be whatever you want to be as long as you have the motivation and passion to do it. We have come up with some of the best business ideas for women in India which need very little investment and still provide high profit.
Let’s start with the list of best business ideas for women:
Yoga & Fitness Center | Best Business ideas for Women
Yoga is an ancient Indian fitness technique that is becoming popular worldwide, so being a Yoga trainer has a lot of potentials as it has a huge demand. You can learn Yoga at any good training centre and once you get the certificates, you can start advertising yourself through the means of pamphlets in a newspaper, or hoarding in nearby regions, or even through communicating with your friends, family and neighbours. An investment is required, though it is not as significant but you will need a place to conduct your sessions, yoga mats, dumbbells, and other paraphernalia. Then you are ready to become a Yoga instructor.
“Physical fitness is not only one of the most important keys to a healthy body, it is the basis of dynamic and creative intellectual activity.”, said by John F. Kennedy
And to become a fitness trainer, it will require a bit extra investment to set up but the resulting profit is great, as gym equipment are a one-time investment. Almost everybody is health conscious these days and therefore this business will be profitable.
Photography
Photography | Best Business ideas for Women’
If you love photography then photography is the perfect business idea for women. If you click photos of your family and friends then you can start clicking pictures of wedding, parties, real estate building, wildlife, etc and get paid.
What you need are the best quality camera and a few accessories. You can start with local customers and then you can share your portfolio on socialPhoto media like Facebook, Instagram, etc. You can sell your pictures to magazines, Shutterstock too.
Restaurant
Restaurant Business | Best Business ideas for Women
In today’s busy world, restaurants play an important role in every person’s life. Most women are passionate and talented about cooking, and it is more than a stereotypical assumption. It is one of the best startup business ideas for women. Restaurant businesses do very well in today’s economy. Our nation is developing rapidly and the food and beverage industry is prospering as well.
A woman can start their own restaurant or cafe and earn profits as people love food everywhere. And if your restaurant offers good food and quality, there is only a little more you will need to do. There is undoubtedly high competition in this sector, but once the business settles there are only returns to your investments that are going to be much higher. You can also start a catering or take-away services as an addition to running a restaurant.
Clothing can be other startup ideas for women. There are many talented women who know how to work with a piece of cloth. The clothing business is gaining a lot of popularity in these past few decades and women are doing great. With a little bit of investment in the tools, clothes and machinery, you can turn your talent into a business. It could be a business from home too which will be perfect for a housewife.
As a beginner, you can design your own clothes and set up a space in your home to stitch them. Once your business starts gaining enough profits, you can move on to making it bigger. Customers want better quality, a variety in the types of clothes, accessories they wear and all this at a reasonable amount. That is your market and it is very profitable to get into the clothing business, considering the rapid rise in the fashion industry.
“Style is a way to say who you are without having to speak.”, said by Rachel Zoe
Consulting Business
Consulting Business | Best Business ideas for Women
It doesn’t have to be the ‘traditional’ businesses that women get to choose from. Many women are taking their years of corporate or IT experiences and turning it into a full-fledged business.
A consultant is an expert who advises others in a specific field or to fix specific problems.
Companies and corporates are always looking for people with enough experience so that they can consult them for a variety of challenges or strategies with their organization. If you are well aware of the market around yourself and have a good network of contacts with professionals from different industries, you could set up a consultancy firm on your own and share the information with others. It doesn’t require much capital investment as even a small room can be turned into your business office. Although, you would need the required qualification, certificates and experience in this area. There are many types in consulting business like Career Consultant, Leadership/Team Building Consultant, Marketing Consultant, Organization/Efficiency Consultant, etc.
Beauty Parlor Business | Best Business ideas for Women
If you enjoy styling hair, performing manicures and all other aspects of the cosmetology industry, a career as a beauty salon may be a rewarding and lucrative career choice for you. It is the best business for women. This business requires only a little investment in training, quality products and basic equipment. The customer base of beauty parlour and salon keeps increasing every day.
People spend a lot of time on their looks and want to be at their best physically. And hence, Gym and Beauty Parlors are the top priorities of today’s generation. You will need a space to set up your business and advertisement in initial stages, and then rest can be left to word of mouth as people will be drawn to you when there is an ease in access to your outlet. This beauty business will suit women of every age and housewives can easily turn it into a profitable business with her neighbour friends.
Blogging
Blogging | Best Business ideas for Women
For the females who want to work from home, or have a family to look after, blogging is a very good idea of business for them. These days there are hundreds upon thousands of blogs out there, covering just about everything you can think of. And business is no exception. They come in all formats about all subjects, from marketing to finance to entrepreneurship.
Blogging is for people who love to write, and you will find many examples of women around you to prove that. When you are blogging, you can work completely on your own schedule – that is when you are also meeting the targeted work each day, or week. You can set up a blogging site of yours and monetize it. Once you have an ample amount of audience, your articles will earn you income through the ways of ad placement on your web page. You do not need to be an excellent writer, however, you will need an understanding of what is your niche, how can you get the most traffic and the required SEO techniques to establish and earn well through your website.
Affiliate Marketing | Best Business ideas for Women
Affiliate Marketing is a type of performance-based marketing in which a business rewards their affiliates for each customer brought by affiliate’s own marketing efforts. You find a product or service you like, you promote it to others and earn a piece of the profit for each sale that you make. You will need to get connected to a firm or business that uses this marketing strategy and the work is done through your performance on the field.
An e-commerce merchant wanting to reach a wider base of internet users and shoppers may hire an affiliate. An affiliate could be the owner of multiple websites or email marketing lists; the more websites or email lists that an affiliate has the wider his network. The hired affiliate then communicates and promotes the products offered on the e-commerce platform to his network. The affiliate does this by implementing banner ads, text ads, or links on its multiple owned websites or via email to its clientele. You will need good communication skills, a good convincing skills and good approach to convert the leads into sales. There is no education qualification required as such in this field.
Writing is one profession that is especially suited to people who want flexibility in where, how, and when they work to fit their lifestyle goals. That’s because most types of writing today only require a computer, an Internet connection, and word processing software. Also, it is the best business for ladies with low investment and one of the best side business ideas for ladies.
A freelance writer is a person who works on a self-employed basis. They can work for a magazine, a publication, or any other content provider and get paid for the written work they do. Freelancers commonly present in creative industries. You can make a lot of money as a writer and start your own business of Freelance writing. You just need to know the right techniques to write and charge the right rate for your work. There are many online training programs for the same. A wide variety of types of writing are available, including articles, copywriting, and more.
Teach or Tutor
Teaching | Best Business ideas for Women
You can become a teacher for a private or public institute, or start up your own education centre where you teach yourself, or with a group of other teachers. You will need the necessary education qualification, correct advertisement techniques, a decent space to conduct classes and a passion to spread your knowledge. Home-tuition is also a good source of income for women.
If you enjoy working with people and helping them reach their goals and potential, a home-based coaching business might be for you. One of the great advantages to coaching today is that technology has expanded your ability to provide coaching services. These days, even online education is growing rapidly, thanks to the advancement of technology. You can post your video tutorials on any platform on the internet where you can monetize and earn from those videos. The profits are very high, once you have established your reputation.
Craft Business
Craft Business | Best Business ideas for Women
Women have a lot of unique characteristics of intricate and delicate handcrafting. Many customers look for handmade objects in craft stores. Thus, it is advisable to start a craft store. Since a majority of customers at craft stores are women, a female owner would make a better connection with them, thereby, allowing the customers to shop with ease.
One more business, craft-making business is also a good option of artistic woman. This business is different from the craft store because the craft store only sells products whereas craft-making requires things to be made from scratch. In the craft-making business, people require the skills of knitting, sewing by hand and so forth. Maintaining a craft making business requires neatness, precision, and aesthetic value. This is perfect for women who like art. Women with creativity can also start teaching her craft skills to children.
So there you have it, our list of best business option and ideas for the ladies. Women only need a little bit of self-assurance to develop their confidence and the rest can be left to their potency and proficiency. There are many emerging entrepreneurs that are female. With an ample amount of knowledge, understanding of business administrations and training – anyone can become an entrepreneur and a successful one if they have passion and determination to do more in them.
There are many types of designing businesses a woman can try like graphic designing, web designing, interior designing, fashion designing etc. She can do maximum work sitting at home. In the case of interior designing, the designer has to go for a visit to the site to look after work progress.
Graphics Design
If you have an eye for design and experience in graphic designing platforms like Adobe Creative Suite, Adobe Creative Cloud, InDesign, Illustrator, or Photoshop, then there is a profitable market out there for you in Graphic Designing. You can become a freelance graphic designer if you have creative skills that are required. A good computer and appropriate software are sufficient as an investment.
Businesses these days require graphic designers to make their creative artwork such as logo, or web design. The advantages to this business are that, provided you have a strong design and colour sense, you don’t need to be able to draw, you can work full time or part-time and you can do it at home. Hours are flexible, so as long as you meet clients at reasonable times and meet your deadlines, you can work ’til dawn and sleep ’til noon if you want to. Graphic designing with printing is a great source of earning income.
Interior Design
An interior designer plans, researches, coordinates, and manages enhancement of buildings from inside. Interior designing business needs conceptual development, space planning, site inspections, programming, research, communicating with the stakeholders of a project, construction management, and execution of the design. The interior designing business is also suitable for women because women have a knack for decorating and keeping things neat. Thus, women who are already in the field of designing can try their hands at interior designing.
Web Design
Web designing is a trending business in the present day. The number of people who want to hire a web designer has made many people switch their professions to pursue web designing. Any woman who has the knowledge of web designing can follow this career path.
Fashion Designing
Fashion is loved by all women. Thus, becoming a fashion designer is one of the most profitable businesses. A fashion designer should be able to combine the elements to make any person look more attractive just by the clothes they are wearing.
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‘Education is freedom’ said famous Brazilian educator Paulo Freire. Education is meant to liberate us from ignorance. Education in its real sense should allow us to experience the joy of knowing the unknown. However, when we look around we see that in our country education has become a matter of fear rather than freedom. Today’s education system merely seems to be a tool to make children job-ready rather than life ready.
The education system in India is simply letting the children absorb information and data rather than developing the thinking capabilities of the child. Chitra Ravi, a parent concerned over the damage that the present education system could do to her child, came up with certain solutions. Chitra started EZ Vidya, currently known as Chrysalis, that has come up with products that help in developing the thinking capabilities of the child, and makes education joyful, not fearful for the child. They also have a Chrysalis Home Learning program.
Recently, Chitra Ravi, founder of Chrysalis conducted Home Parent Webinar on 13th June 2020. The recording of the webinar gained 40K+ views on YouTube in just 2 days. You can watch the recording of the webinar at live.chrysalis.world.
StartupTalky interviewed Chrysalis’ Director Ganesh Subramanian.
Chrysalis has innovated an academic program for the formative years (2-12) years of a child’s education – “ThinkRoom”. Through the name itself, schools can easily understand the function of this program, which is to awaken thinking, and where it is applied – in Classrooms. ThinkRoom is designed with a vision of awakening human potential in every child. The Curriculum (pedagogy) is created with a child-centric philosophy.
Framework for Human Potential
Our school system produces children who are tested for memory in exams and not conceptual or thinking skills. In the past children were handed down information, without considering the development of their social thinking, emotional thinking, academic thinking, or meta-cognitive thinking.
Chrysalis does not wish to hand down information. They ensure that the children develop and practice the vital skill of thinking in relation to the subjects being taught, they form habits of collaboration and self-management very early on when their personalities are forming very deep notions about life and how to live in this world.
Chrysalis’ learning solutions can be adopted by any board or any school, as the solutions are designed under the guidance of NCF (National curriculum framework) 2005 in terms of the design of the pedagogy. ThinkRoom is an integrated academic program for maths, English, science, and social studies in school. Chrysalis ThinkRoom is a synthesis of Product (Subject Books called Studios), Service Design (Continuous Professional Development training for teachers), and (Mitra Tab) Technology for Authentic Assessment. You can login to the ThinkRoom platform at mitra.chrysalis.world.
Chrysalis ThinkRoom though works within the constraints of the school syllabus, but completely transforming the way education is delivered. ThinkRoom awakens “thinking” in a child’s brain, and takes into account the whole brain, not just thinking that is academically brilliant, but while doing academics, they learn social and emotional and metacognitive skills, as the curriculum integrates learning in all dimensions within the context of the chapter being taught.
A management graduate, Chitra has a great passion for education. Chitra deftly combines her skills in conceptualization, story-boarding, and instructional design to deliver products and services which are dynamic and on par with any international curriculum standards.
Chitra has widely traveled to the United States, United Kingdom, Germany, and South East Asia and has participated in many international training programs and conventions including the Project Zero conducted by the Harvard University exclusively for educators. She has also presented a program on the effective use of technology in the K-12 curriculum for one of the biggest satellite channels in India.
An English graduate and MBA degree holder, Chitra worked with Hong Kong and Shanghai Bank after graduation and later joined her family real estate business. She had no plans to venture into the education sector until she realized that what her daughter was being taught at school was contributing nothing to bring out her innate potential.
Being a parent she was genuinely concerned to see that most of the energy of the children at school was spent in rote learning rather than gaining practical experience. She noticed that even computer science which should be taught practically was being taught through textbooks rather than through practical training.
Children were wilting away due to the pressures of the system instead of blossoming into beautiful human beings – Ganesh says.
Chitra wanted to make a difference to a way computer science is being taught at schools, and she started Chrysalis. Chrysalis initially was into the development of a teacher training module (focused on both skills and dispositions) and ICT curriculum, which was designed to deliver computer literacy.
The ICT curriculum was designed based on Chrysalis’ philosophy of making the children learn better through thinking. This later paved way for Chrysalis ThinkRoom, where Chrysalis developed a curriculum based on its framework which is a combination of practices adopted by every progressive country in the area of education. You can check out ThinkRoom at mitra.chrysalis.world. The company was initially known as EZ Vidya and in 2016, it was named Chrysalis.
Chrysalis – Name, Tagline and Logo
Chrysalis’ logo is a butterfly. Chrysalis is the state of transformation from a pupa to a butterfly, and butterflies are as colorful as the different kids who Chrysalis reaches out to. Nothing better communicates what they intend to do and with whom, they intend to bring a transformation in the education system and love to make products that benefit the children.
Chrysalis’ team members were in communication with some schools through ICT program and when they came up with ThinkRoom, they promoted it organically, presented it in a lot of Principal forums, like sahodaya and more. They conducted Principal connect events across their reachable geography according to their capacity at the time.
The startup focused on consistent great product design, direct sales, and events that connected them to the stakeholders. Chrysalis is very organic in the way they proceed.
Chrysalis – User Acquisition
Schools are a complex ecosystem and the teachers, principals, school owners, parents; all of them are crucial, and it is important for Chrysalis that its curriculum is trusted by all these stakeholders. Therefore, it is different from SaaS products or other services offered in the market.
“School partnerships are an emotional bond”, says Ganesh.
Chrysalis team strives to maintain and nurture these valued bonds with its partner schools through continuous communication. Their campaigns are built to inspire transformation in the mind-sets of the stakeholders and, mostly BTL (Below the Line) in nature.
There is one campaign that brought Chrysalis a lot of traction – “Dream for the Child”, written by Chrysalis’ marketing head and recorded in Chrysalis CEO – Mrs. Chitra Ravi’s voice, it had a huge impact, and attracted 2000 members from different walks of life to join Chrysalis.
Chrysalis has a B2B businessmodel and their financial transactions are with the school authorities, specifically, the school owners. Chrysalis ThinkRoom is Chrysalis’ flagship product. A good part of their revenue is from this product.
Chrysalis – Funding and Investors
In 2018, Chrysalis raised an undisclosed amount of funding from investors like Artha India Ventures, Menterra Venture Advisors, and Gray Matters Capital (GMC).
Actually, it is the children who motivate us to do our best – Ganesh says.
As competition is concerned, the Chrysalis team does not see the school ecosystem as a marketplace. Neither, they try to size up the competition to remain ahead of them.
Our product is designed to fundamentally change the nature of education while our competitors, to say it simply, are focused on making the delivery of the current education in its old state itself, faster, easier, better, etc. Yes, the market does perceive Chrysalis in the same category, so we don’t try to stay ahead, but simply communicate the divergent benefit that we are offering, and it requires an empowered school leader who is looking for such curriculum to associate with us – Ganesh says explaining Chrysalis’ view on competition.
In 2002, Chrysalis (EZ Vidya) entered into Wipro’s ‘Quality Education Forum‘. EZ Vidya within just 6 months from its inception became partners with Wipro for research in education.
In 2011, EZ Vidya received mBillionth Award for innovation in education for ‘Bridge IT‘, an initiative to use standard mobile phones for improving quality for teaching.
In 2013, Buzzle App was introduced by Chrysalis ( EZ Vidya). Buzzle was India’s first personalized learning and assessment app which is integrated with ‘Studio‘ ( Studio is a component of Chrysalis’ product – ‘ThinkRoom’)
In 2013, E Z Vidya Pvt. Ltd. was chosen as the Game Changer of the year from a pool of 63000 companies, by ET NOW Leaders of Tomorrow.
In 2017, Best Academic Innovative Curriculum, by Indian Education Awards.
In 2018, Chrysalis was featured among the top 7 companies in KIES EduAwards.
Chrysalis Founder, Chitra Ravi at The ET Now ‘Game Changer of the Year Award’, 2013
Chrysalis has partnered with 700 schools till now and has reached over 4,00,000 students. Chrysalis enjoys the highest retention rates in the industry with over 80%.
Besides, Chrysalis is now operating in 10 Indian states including Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, and also Nepal and Africa. The company is also slowly reaching Maharashtra, Delhi, northern states of the country.
The company is aiming to scale up and reach as many schools they can, with a growth rate of 40%+.
We are organic in our leadership as well, so we have to see how this shapes up. Education is going through a transformation now, and we are rightly positioned to take a lead, because we already have a well developed curriculum framework, and as a proof of concept, we have 700 schools operational in the existing design.
Chrysalis envisions to awaken Human Potential in every child, and is aiming to scale from its current 700 partner schools to 1500 schools in 2020-21.
Chrysalis – FAQs
What is Chrysalis ThinkRoom?
Chrysalis has innovated an academic program for the formative years (2-12) years of a child’s education – “ThinkRoom”. The learning solutions can be adopted by any board or any school, as the solutions are designed under the guidance of NCF (National curriculum framework) 2005 in terms of the design of the pedagogy
Who founded Chrysalis?
Chitra Ravi is the founder and CEO at Chrysalis.
How much Funding did Chrysalis raise?
In 2018, Chrysalis raised an undisclosed amount of funding from investors like Artha India Ventures, Menterra Venture Advisors, and Gray Matters Capital (GMC)
