In a world where innovation has the power to change lives, Kanishka Patel and Raj Shah stand as a beacon of hope for those suffering from hearing impairments. Some people are born with it and some suffer later hearing loss. According to WHO, Till 2030, one out of eight will suffer from some hearing loss. Both the founders have targeted this hearing problem. Their journey is not just about entrepreneurship but also about making a tangible difference in the lives of millions who have been suffering.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Early Days and Education</h2>Kanishk Patela and Raj Shah belong to Ahmedabad. They are the founders of Wehear, a company that makes cost-effective hearing solutions by using advanced technology.The CEO of Wehear, Kanishka Patel, attended Shree Vidyanagar High School. He pursued a B. Tech in electronic engineering from LD College of Engineering Gujarat. In 2016, he co-founded a firm named Automaid. Kanishka Patel had worked with Emergence and Abu Robocon LDCE.Co-founder, Raj attended Ramjhans Vidyalaya for his schooling. He pursued a B. Tech at NMIMS and holds an MBA degree in Technology Management from the same university. He previously worked at Reliance and&nbsp; CED Gujarat. He is also the founder of Cosmo Ecosystem Care Pvt. Ltd.They both were part of the Gujarat University start-up ecosystem. Kanishk read an article on bone conduction technology used by the US Army. From that point on they decide to do something in this so that it can help people with hearing impairment. They launched it in 2019 and worked almost four and half years on it.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Kanishka_Patel_and_Jay_Shah_9ea9a6da43.jpg" alt="Kanishka Patel and Jay Shah.jpg" width="500" height="500"></figure><h3>Shark Tank India</h3>Recently Wehear founders were seen in Shark Tank India, they asked 2.5 crores for a 1 % equity at a valuation of 250 crores. The founders claim to be pioneers of non-surgical alternatives and their products hold endorsements from reputable institutions such as the National Institute of Speech and Hearing in Mysore and the Ali Yavar Institute of Speech and Hearing Disability in Bandra. The company is also taking investments from other channels.&nbsp;Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;WeHear's founder also said that they have patents for their revolutionary hearing solutions.Sharks were impressed with the innovation but were not interested in investing in the company. The issue was that the valuation was high so sharks were not much interested. After the discussion, Piyush Bansal gave them an offer of ₹2.5 Crores for 1% equity + 1.5% advisory equity at the value of 250 Crores. The founder signed the deal with Piyush.<h3>About WeHear&nbsp;</h3>WeHear was founded in 2019, with a mission to make hearing solutions accessible and comfortable for the ear-impaired community. They delved into research and development, exploring innovative approaches to address hearing impairments without the need for invasive surgeries.WeHear's breakthrough innovation lies in using bone conduction technology to deliver sound directly to the cochlea, bypassing the need for traditional ear structures. This technology not only eliminates the need for surgeries but also provides a cost-effective and comfortable alternative for individuals with external ear defects like microtia.Also Read: <a href="https://www.sovrenn.com/knowledge/the-journey-kasmiri-bats-from-kashmir-to-shark-tank-india-3-saad-tramboo-and-hamaad-tramboo">The Journey Kasmiri Bats from Kashmir to Shark Tank India 3: Saad Tramboo and Hamaad Tramboo</a>Currently, their two products are in the market. One is&nbsp; HearNU Pro, which is patented and uses conduction technology in just 80,000.&nbsp; The second product is Wehear OX, which is an ear health-friendly smart headphone device made to safeguard our ears from upcoming ear health issues.They have 3 granted and 3 published patents. They also have a Technical Development Team of&nbsp; 38 people.The sales figures indicate a growing market presence, with July, August, and September 2023 revenues at 14.25 lakhs, 89 lakhs, and 93 lakhs respectively. The sales are primarily driven by international markets. Anupam advised the founders to seek venture capital within India. Looking ahead,&nbsp;Their vision for FY24-25 includes expanding to 30 cities domestically and 25 countries globally. They are targeting sales of 2.25 lakh devices and aiming for an annual revenue of 160 crores.&nbsp;In conclusion, their story is a testament to the power of perseverance, passion, and innovation. Through WeHear, They have revolutionised hearing care and inspired a generation of changemakers to dream big and make a difference in society.Also Read: <a href="https://www.sovrenn.com/knowledge/from-candles-to-conglomerate-rajinder-gupta-s-entrepreneurial-story">From Candles to Conglomerate: Rajinder Gupta's Entrepreneurial Story</a>

Experience the innovative journey of Kanishka Patel and Jay Shah's WeHear on Shark Tank India. Witness lives transformed through cutting-edge solutions.

Transforming Lives Through Innovation: Kanishka Patel and Jay Shah's WeHear in Shark Tank India 

In the recent episode of Shark Tank India 3,&nbsp; two young entrepreneurs from the valley of Kashmir took the spotlight: Saad and Hamaad Tramboo. The fact that attracted everyone is their young age and entrepreneurial mind. Their age is between 18 and 20, and these college-going brothers showcased their brand of Kashmir willow bats. It captured the attention and admiration of both the Sharks and the audience alike.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Family and Education&nbsp;</h2>Saad and Hamaad were born and raised in Srinagar of Kasmir, the brothers hail from a business background. Their grandfather, Nazir Ahmad Tramboo is a known poultry Czar of Kashmir. They grew up in an environment steeped in entrepreneurship, Saad and Hamaad imbibed valuable lessons about business from an early age. Their parents are professional doctors and businessmen.&nbsp;As both entrepreneurs are young, so they are still studying. Saad is 2nd year student of Bachelor's in Business Administration (BBA), pursuing it from Banglore. Hamad is also doing a Bachelor's in Business Administration (BBA) from Kashmir and he plays cricket.It was their passion for cricket and their entrepreneurial spirit that propelled them to venture into the world of sports equipment manufacturing.&nbsp;<h2>About the brand</h2>The brand was established in 2021 when the founders were between the age of 16 and 18. Since its establishment, the brand has successfully sold over 20,000 bats. According to the founders, the brand is the largest manufacturer of Kashmir willow bats. Their bats are made within a week of the Seasoning process, they have Steam Seasoning plants.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;The brand has 60-70% of sales are from non-professional cricketers.They have 2 varieties in their bats Season Bats and Tennis Bats. They are selling 1000 Bats per month, and 70 % of the sales come through Instagram. The Sep 2023 revenue was 18 lakhs. The profit margin is also good. 25% on Tennis Bats and 35%-45% on Season Bats. The net profit is around 5-6 lakhs after removing all the expenses. Their projected sales for FY23-24 is 6 to 7 crores.Their vision is to see Kashmiri willow become the willow of choice for every cricketer. The company has also started shipping in other countries. They're well on their way to hitting that boundary.&nbsp;<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Saad_Tramboo_and_Hamaad_Tramboo_33f0257cd7_f1e7fd22fc.jpeg" alt="Saad_Tramboo_and_Hamaad_Tramboo_33f0257cd7.jpeg" width="500" height="500"></figure><h3>In Shark Tank India&nbsp;</h3>Recently, The Tramboo brothers Saad and Hamaad appeared in Shark Tank India 3 with dedication, and perseverance to do something big. They were armed with a compelling business proposition and an unwavering belief in their product. They asked for 30 lakhs for 3% equity.Also Read: <a href="https://www.sovrenn.com/knowledge/from-humble-beginnings-to-solar-power-mogul-the-inspiring-journey-of-hitesh-doshi">From Humble Beginnings to Solar Power Mogul: The Inspiring Journey of Hitesh Doshi</a>Their pitch highlighted the India Kashmiri willow bat and selling of Tramboo Sports. Its faster growth and more affordable rates persuaded the Sharks to invest in it.&nbsp;All the Sharks offered them lucrative deals, and eventually, the deal was struck with Aman Gupta and Peyush Bansal. They offered them Rs 30 lakhs for a four per cent equity stake.Beyond the business aspect, Saad and Hamaad's journey is a story of resilience, determination, and familial support. Their successful growing profitable business is proof of it.&nbsp; Saad and Hamaad have shown that if a person has interest and dedication, he/she can achieve it despite having age as a barrier.Also Read About <a href="https://www.sovrenn.com/knowledge/arpita-aditi-in-shark-tank-india-from-biotech-engineer-to-founder-of-dil-foods">Arpita Aditi in Shark Tank India: From Biotech Engineer to Founder of Dil Foods</a>

Embark on The Journey of Kasmiri Bats from Kashmir to Shark Tank India 3 with Saad and Hamaad Tramboo, two young entrepreneurs. The fact that attracted everyone is their young age and entrepreneurial mind. Their age is just between 18 and 20.

The Journey Kasmiri Bats from Kashmir to Shark Tank India 3: Saad Tramboo and Hamaad Tramboo

In the world of entrepreneurship, stories often emerge that capture the essence of innovation, determination and solving problems. Every year a lot of restaurants come in the business, but very few are able to stay with profit. The reason is high staff dependency and low profit. Recently, Arpita Aditi, the Founder of Dil Foods appeared in Shark Tank India. The company Dil Foods solves the issues faced by certain restaurants. It is a virtual restaurant operator.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Education and Early Days&nbsp;</h2>Arpita was born and brought up in Ranchi, Jharkhand. She completed her engineering degree in biotech in 2014 from Manipal Institute of Technology. She worked in different companies in Bangalore which honed her skills.She worked with Reliance General Insurance, Little Internet Private Ltd, Swiggy etc. The turning point in her life came when she was working with Swiggy - she worked there for 2 years as part of national partnership. She met with over 5000 restaurants and found the gap in standalone restaurants in the industry. This was the time when Arpita decided to leave her job and venture into this field in 2019.&nbsp;<h2 style="text-align:justify;">First Venture Nutnbolt</h2>Arpita's entrepreneurial story began with her first startup Nutnbolt in 2020. The idea of the business was to take care of all the online business of the company end to end. Nutnbolt was focused on business solutions for small and medium-sized restaurants to stand out, scale and grow. They used to take care of menu engineering, marketing, USP building, delivery aggregator management, business analytics, retention as well as engagement.However, the business did not perform well due to problems in the stand-alone and underutilised restaurant ecosystem.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Second Venture and Birth of Dil Foods</h3>In April 2022, with more updates, Aditi decided to venture into a new startup “Dil Foods”. It emerged as a beacon of culinary excellence, offering a unique blend of traditional Indian flavours through its virtual kitchen model. Drawing from her diverse experience with companies like Himalayan Drugs, Reliance Capital, Swiggy and especially from her last venture, Arpita conceptualised Dil Foods as more than just a food business—it was a platform to empower local restaurants and create a sustainable ecosystem for the food industry.They are connected to over 65 restaurants in a period of 1.5 years, from which they operate over 111 outlets.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Arpita_Aditi_7e79dd73f4_1ac64c59b5.jpeg" alt="Arpita_Aditi_7e79dd73f4.jpeg" width="500" height="500"></figure><h3 style="text-align:justify;">In Shark Tank India</h3>Arpita recently appeared in Shark Tank India, surprising sharks with the tastes and ideas. The sharks expressed a keen interest in collaboration with Arpita, impressed by Dil Foods’ and Arpita's confidence in her innovative model.She asked for 50 lakhs for a 0.5% equity at a valuation of 100 crores. The Sharks were impressed by the unique model and Arpita's business spirit. The sharks expressed a keen interest in collaborating with Arpita, except Aman Gupta. All 4 sharks Radhika Gupta, Vineeta Singh, Peyush Bansal, and Ritesh Agarwal were interested in investing in her company. Eventually, a deal was made at Rs 2 crore for a 2.67% equity share, valuing Dil Foods at Rs 75 crore. Arpita accepted the offer.Also Read: <a href="https://www.sovrenn.com/knowledge/mukul-agrawal-s-journey-from-a-mumbai-local-to-a-prominent-investor-and-financial-maverick">Mukul Agrawal's Journey, From a Mumbai local to a prominent Investor and Financial Maverick</a><h3 style="text-align:justify;">About Dil Foods</h3>Dil Foods stands out with its unique blend of traditional Indian flavours, offering eight virtual food brands, each representing authentic regional cuisines such as Punjabi, Bihari, Andhra, and more. The brand offers eight virtual food brands, including Dil Punjabi, Aahar, Bihari Bowl, Bhole ke Chole, The Chaat Cult, House of Andhra and Khichdi Bar. Each offers an authentic taste of regional India. During the pitch, Vineeta Singh and Ritesh appreciated the taste and freshness.The brand, recipe and supply chain are all managed by Dil Foods. They preserve the powdered food and send it to partner restaurants. The restaurant chef only needs water to cook and make it fresh and delivered. They use the “Lyophilisation process” which is also known as freeze drying.The first year (FY22-23) revenue of the company was 7 crore with one crore loss. And in FY23-24 till October they made sales of 13.2 crore with a profit of 87 lakhs. The approximate EBITDA is 5 %. The average rating of the brand is 4 stars.In summary, the brand operates as a virtual brand built to take care of the daily meal requirements of people. The Brand also helps small and medium-sized restaurants increase their asset and resource utilization.Also Read About <a href="https://www.sovrenn.com/knowledge/journey-of-surender-singh-rajpurohit-reviving-turms-from-adversity-to-success-surprised-shark-tank-investor-with-its-transformation">Journey of Surender Singh Rajpurohit: Reviving "Turms" from Adversity to Success, surprised Shark Tank investor with its transformation</a>

Arpita Aditi in Shark Tank India: Discover her journey from biotech engineer to entrepreneur extraordinaire and how she completed her engineering degree from Manipal Institute of Technology and worked in different companies in Banglore.

Arpita Aditi in Shark Tank India: From Biotech Engineer to Founder of Dil Foods

In the vibrant landscape of skincare and beauty, where innovation meets sustainability, Kanika Dewani stands as an example of ingenuity and commitment. Kanika is the founder of Mintree Cosmetics Pvt. Ltd. Her journey is not just about crafting quality products but also about redefining industry standards while staying true to her ethos of sustainability and inclusivity. Her products maintain honesty between customers and its parlour.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Education and Career</h2>Kanika has an Advanced Diploma in Fashion Design and Technology from Wigan and Leigh College of Mumbai. She completed her Master's Degree in Design Management and Strategic Fashion Marketing, and Kanika honed her skills to perfection. She has over 16 years of experience in the beauty, fashion, and lifestyle industry, she traversed through renowned brands such as L’Oréal Paris, Benefit Cosmetics (LVMH Group), Reliance Brands Ltd, and Pantaloons, gathering invaluable insights along the way.Kanika belongs to a well-educated family. Her father is an Income Tax Officer and chartered accountant. Kanika had a clear aim from the start: to earn a salary from whatever she would do. This is the reason she made her business profitable. She earns a salary of 30 lakhs every year excluding the profits from her business.<h3 style="text-align:justify;">The Birth of "Mintree"</h3>Her education and work always kept her away from her parents and hometown. Her parents were eager for her to stay with them. They gave her a 3 crore initial investment and told her to start her own business in Nagpur.In 2013, Kanika embarked on her entrepreneurial journey by founding Mintree Cosmetics Pvt. Ltd. Mintree was born out of a desire to provide consumers with products that enhance and maintain skin and uphold ethical standards. From skincare to body care and hair care Mintree's product range reflects a harmonious fusion of good innovation and sustainability. It makes a smooth process while using products for customers and salon people.<figure class="image image_resized" style="width:76.64%;"><img style="aspect-ratio:1024/768;" src="https://cms.sovrenn.com/uploads/Whats_App_Image_2024_05_08_at_7_29_55_PM_6a5d91565e.jpeg" alt="WhatsApp Image 2024-05-08 at 7.29.55 PM.jpeg" width="1024" height="768"></figure>Most of the products of the company are certified, organic and vegan-free. There is no harsh chemical used in their products according to the Founder. They are present in over 3,000 salons and soon going to launch direct to consumer(D2C) range. Kanika owns 50% of the firm, while her parents own 50%.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;Kanika's journey, like any entrepreneurial endeavour, was not without its challenges. From navigating the complexities of the beauty industry to establishing Mintree, she faced obstacles along the way. In the early days, she used to go to different salons to sell and show her products. However, her unwavering determination and commitment to her vision propelled her forward. The business is growing every year with a great profit.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Shark_Tank_ebea3647ab.jpg" alt="Shark Tank.jpg" width="500" height="500"></figure><h3 style="text-align:justify;">The Shark Tank Pitch</h3>Recently, Kanika was seen in Shark Tank India Season 3. She presented Mintree's vision with clarity and conviction. She highlighted the brand's commitment to quality, sustainability, and inclusivity, resonating with the Sharks. Vineeta liked the packaging and presentation of the brand but at the same time, sharks raised questions about high pricing. Despite facing tough questions about revenue, profitability, and pricing, Kanika stood her ground and managed everything wisely. She asked for 90 Lakhs for 1 % equity at the valuation of 90 crores. She received different offers from the sharks. In the end, Kanika's perseverance paid off as Mintree secured a deal of INR 90L for 1.5% equity at a valuation of 60 Crores from Peyush Bansal and Azhar Iqubal.&nbsp;As Mintree continues to scale new heights, Kanika remains steadfast in her commitment to innovation, and inclusivity. With a focus on expanding Mintree's presence, she envisions a future where she will focus on direct customers.In conclusion, Kanika Dewani's journey is a testament to the transformative power of passion, resilience, and vision. Through Mintree, she not only aims to standardise beauty products but also inspires a new generation of entrepreneurs to pursue their dreams with unwavering determination and commitment to positive change.Also Read: <a href="https://www.sovrenn.com/knowledge/bipinbhai-hadvani-the-journey-from-humble-beginnings-to-gopal-snacks-empire">Bipinbhai Hadvani: The Journey from Humble Beginnings to “Gopal” Snacks Empire</a>

Kanika Dewani's education and work always kept her away from her parents and hometown. Her parents were eager for her to stay with them. They gave her a 3 crore initial investment and told her to start her own business in Nagpur.

Kanika Dewani secures 90 Crore Deal for Mintree Cosmetics in Shark Tank

In the bustling landscape of personal care brands, Caresmith India emerges not just as a player but as an innovative care brand, driven by a profound mission to revolutionise everyday health routines. The brand redefines self-care with innovative products that seamlessly blend utility with joy.&nbsp; Caresmith has established itself as a multi-category brand.The company’s mission is to enhance and upgrade everyday health routines in oral care, relaxation, recovery, and personal grooming.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Caresmith Product Range</h2>Caresmith has a diverse range of products designed to cater to various aspects of personal care:Oral Care: Rechargeable toothbrushes, battery toothbrushes, and cordless water flossers are their popular oral care products. They offer a comprehensive range of oral care solutions to promote dental health and hygiene.Relaxation and Recovery: With massagers and relaxation aids, Caresmith helps individuals unwind and rejuvenate after a long day, promoting overall well-being and stress relief.&nbsp; They offer a range of massagers for different parts of the body. This category has the most popular products such as gun massagers, personal body massagers, scalp massagers, foot-leg &amp; calf massagers, cushion pillow massagers etc.Personal Grooming:&nbsp; Face spa massager, face sculpt rollers, blade beard trimmers, and Bikini trimmers are their popular beauty and grooming products. Its grooming appliances are thoughtfully designed to simplify grooming routines, making them more efficient and enjoyable for users.They are strongly committed to Quality and Innovation. According to the company, each product is expert-approved and thoughtfully designed to meet the highest standards of functionality and performance. Moreover, its products come with a 12-month warranty, ensuring peace of mind for consumers. The products of the company have good ratings on Amazon. However, their products are a bit more expensive than other brands. But according to the users, they are worth the money.<h2 style="text-align:justify;">Business Model and Success Story</h2>Caresmith has shown impressive growth and stability, boasting sales of 50 Crores in FY24, with a current Annual Recurring Revenue (ARR) of 75 Crores. Since its inception, the company has maintained profitability. It is leveraging online marketplaces such as Amazon and Flipkart, it has captured a significant market share, with 85-90% of sales originating from these platforms.Despite being bootstrapped, Caresmith has achieved remarkable success in a relatively short time. The company has been profitable since day one and has never experienced a loss-making quarter. With a sales target of 100 Crores in FY25, Caresmith is poised for even greater heights.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Founders of the company</h3>The company was founded in 2018 in Mumbai Maharashtra. Currently, it has 11-50 employees. The brains behind Caresmith, Rushabh Shah and Rahul Bajaj, are known for their expertise in building direct-to-consumer (D2C) brands. Through their insightful posts and interviews, they share valuable insights into the journey of bootstrapped startups and the nuances of building successful brands. The brand doesn't use any PR and advertising for its product, its product quality is the main reason for its popularity.<h3 style="text-align:justify;">About Founders</h3>Rahul, Director and Founder of Caresmith India, completed his schooling at Campion School of Mumbai. He has a diverse educational background encompassing Chemical Engineering, Computer Science, and an MBA in Finance and Marketing from XLRI Jamshedpur.His professional journey includes tenures at esteemed organisations like Godrej Industries, MSK Capital Ventures, XLR, and ITC. Currently, he is the Director of 2 companies, Safecap Finance Ltd and CareSmith India.Also Read: <a href="https://www.sovrenn.com/knowledge/mukul-agrawal-s-journey-from-a-mumbai-local-to-a-prominent-investor-and-financial-maverick">Mukul Agrawal's Journey, From a Mumbai local to a prominent Investor and Financial Maverick</a>Rushabh Shah is the Co-Founder of Caresmith India. He completed his schooling at Greenlawn High School. He did his B.Tech in Chemical Engineering from ICT (UDCT). He further honed his skills with an MBA in Business Administration and Management from the Indian School of Business.Before spearheading Caresmith India, Shah garnered valuable experience across various organisations including Prasol Chemical Ltd, Collegepond, and Amazon. In 2019, he co-founded Caresmith company with his friend, leveraging his expertise to drive innovation and growth in the company and the personal care industry.He also shares lots of great wisdom on his LinkedIn account. Recently, he shared about building D2C brands and mentioned about Caresmith and mentioned that they do not use PR.&nbsp;In conclusion, Caresmith India is a bright example of perseverance and excellent entrepreneurship in the personal care sector. With a remarkable track record of profitability since day one and a commitment to innovation and quality, the company has carved a niche for itself in the market. Led by founders Rushabh Shah and Rahul Bajaj, Caresmith has not only achieved significant sales milestones but has also garnered widespread acclaim for its diverse range of products and customer-centric approach.&nbsp; The story is motivational and highlights the enormous potential of firms that are bootstrapped in India's expanding consumer market.Also Read: <a href="https://www.sovrenn.com/knowledge/journey-of-surender-singh-rajpurohit-reviving-turms-from-adversity-to-success-surprised-shark-tank-investor-with-its-transformation">Journey of Surender Singh Rajpurohit: Reviving "Turms" from Adversity to Success, surprised Shark Tank investor with its transformation</a>

Rahul and Rushabh Shah, the Founders of Caresmith India. They establish the company in 2018 in Mumbai Maharashtra. 


Caresmith India: Elevating Personal Care with Innovation 

Cleaning stains can be exhausting and finding a helper to do clothing or washing might be a challenging task at times. What if our clothing resists stains and smells good without washing? Indeed, it is feasible. Recently, Turms, a firm, presented this creative idea during Shark Tank Season 3. Surender Singh Rajpurohit went to Shark Tank India.Surender Singh Rajpurohit was not the brand's actual founder but a customer of it. In 2018, when he started using its innovative products. He found it interesting and felt that the business had so much potential. But during COVID, the business faced a lot of losses. Despite being well-funded, the company went bankrupt so Surender who was a regular customer of the brand in 2018&nbsp; acquired Turms(Brand) in the year 2022.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Business History</h2>Turms was born in the tech-savvy city of India, Bangalore in 2016. The brains behind this venture are Rameswar Misra (Ex-CEO), Sandeep Kataria, Anil Dhondalay, Alok Sharma, and Rohit Gupta. The company was in huge losses post-COVID time and had to repay the debt to the vendors. It was the time when Surender stepped in to acquire the brand in 2022.<h2 style="text-align:justify;">Surender Singh Rajpurohit Journey</h2>In the dynamic world of entrepreneurship, tales of resilience, innovation, and determination often stand out amidst the challenges and uncertainties. Surender Singh Rajpurohit's journey with Turms, a distinctive apparel fashion brand, exemplifies such a narrative—a story marked by adversity, revival, and eventual success.Before venturing into Turms he was living and working in the Middle East, in the automotive industry, for around 10 years. He also worked as a strategic director at Volvo company for Asia. He acquired Turms at 1.5 crores cash and, 12.5% equity in the new company to founders in 2022.&nbsp;Surender wasted no time in addressing the lingering issues plaguing the brand. The company, burdened by debt and post-COVID economic challenges, required a comprehensive restructuring to regain its footing in the market. Surender was able to change the whole sales profile with meticulous planning and relentless effort. He has sold more than 4 lakh products till now.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Azhar_Iqubal_with_Surender_Singh_Rajpurohit_cd0a0f2449.jpg" alt="Azhar Iqubal with Surender Singh Rajpurohit.jpg" width="500" height="500"></figure><h3 style="text-align:justify;">In Shark Tank India&nbsp;</h3>Recently, Surender Singh Rajpurohit appeared on Shark Tank India Season 3 to seek funding. He explained that he had just bought the brand, not the firm.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;The sharks were not much interested in the company before listening to the pitch. Because Peyush has already lost his money in the company as he had invested in it. Surender urged Peyush to contact the old founders for funding updates. During the pitch, Surender showcased his products and impressed the sharks with their quality, technology and sales.After the pitch, he demanded 1.2 crores for 2% equity at a valuation of 60 crores. After interactions with the sharks, he received multiple offers from Aman Gupta, Anupam Mittal, Azhar Iqubal, and Vineeta Singh. Surender Singh opted for Azhar Iqubal's (the Founder and CEO of Inshorts) deal of 1.2 Crores for 4% equity at a valuation of 30 Crores.&nbsp;<h3 style="text-align:justify;">About the Company&nbsp;</h3>Turms has changed the apparel industry with its unique product range boasting innovative features like anti-stain and anti-odor properties. The trending products include Anti-stain Shirts, Anti-stain/odor Polo T-shirts, 30 Days No Wash Jeans, and 7 Days No Smell Socks.However, despite promising beginnings, the Company faced a tumultuous path, encountering financial setbacks and eventual bankruptcy. However, after the acquisition in 2022, it turned out to be a profitable business and recorded a surge in sales.Also Read: <a href="https://www.sovrenn.com/knowledge/learning-with-fun-is-possible-abbas-the-founder-of-blix-proves-in-shark-tank-india">“Learning with Fun” is possible, Abbas, the founder of Blix proves in Shark Tank India</a>

Discover the incredible transformation of Turms by Surender Singh Rajpurohit - a journey from adversity to surprising success on Shark Tank!

Journey of Surender Singh Rajpurohit: Reviving "Turms" from Adversity to Success, surprised Shark Tank investor with its transformation

Toys are a crucial part of most children's upbringing. Children feel connected and enjoy playing with toys. But what if it also becomes a learning tool, which would teach them heavy science concepts? Yes, this is possible now. Abbas Gabajiwala, the Founder and CEO of Blix Education Pvt. Ltd. has made it true with its amazing learning toy products.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;Recently, Abbas appeared in Shark Tank India with his products and surprised sharks with its concept.&nbsp;<h2 style="text-align:justify;">Education and Early Days&nbsp;</h2>Abbas was always a child who loved to play with mechanics toys. This habit of his, made him pursue B.Tech in Mechanical Engineering from Vishwakarma Institute Of Technology. He did an MBA from Singapore in 2011. He used to skip classes, to attend robotics competitions. His childhood experiences inspired his journey with MECHANIX, which is a famous toy brand introduced by his father. He belongs to a family that has a history of making toys for three generations. They live in Mumbai.Abbas has taken a step forward by introducing toys that can educate children about major concepts. The Blix toys are designed to help children develop various skills.&nbsp;<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Abbas_f9687383da.jpg" alt="Abbas.jpg" width="500" height="500"></figure><h3 style="text-align:justify;">Abbas Gabajiwala in Shark Tank India</h3>Recently, Abbas appeared in Shark Tank India with his products and surprised sharks with its concept. He asked for 80 lakhs in exchange for 2% equity. Abbas received multiple offers from different sharks. Aman offered 40 lakhs for 4% equity and 40 lakhs as a loan with 11% interest, but Abbas declined the debt offer due to lack of profitability. Vineeta Singh and Anupam Mittal offered him 80 lakhs for 5% equity, while Aman and Ritesh proposed 1 Crore for 6.25% equity. Piyush offered 80 lakhs for 4% equity.&nbsp; After conversion with his COO who is his wife, he asked for a counter offer of 90 lakhs for 3% equity. Thereafter Vineeta and Anupam excluded themselves. But Aman and Ritesh gave him an offer of 80 lakhs for 4% equity at a valuation of 20 crores. He accepted the offer and fixed the deal with Aman and Ritesh.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">About the company and product</h3>The company offers four major types of toys on their website: Robotics Sets, Stem Toys, Spare Parts, and Queaky. Each toy aims to engage and educate children in a fun and educative manner. Their products are available across 2000+ stores, also available on Flipkart, Amazon, FirstCry, and their own website. According to them, more than 5,000 Indian schools use their educational kits.Blix was earlier a brand under Zephyr, one of the biggest toy manufacturers in India. Zephyris is owned by his elder brother Maoiz Gabajiwala. Maoiz has a 70 % share, Abbas has 20%, and their parents have 10%. In 2019, Abbas's brother Maoiz suggested him to make Blix an individual entity. According to Abbas, Blix has an average monthly sale of 30-50 lakhs and for FY23-24 the projected yearly revenue is around 8 Crores. He said after the investment, the numbers would increase significantly.Also Read: <a href="https://www.sovrenn.com/knowledge/from-bihar-s-dusty-villages-to-shark-tank-india-the-journey-of-dilkhush-kumar-and-rod-bez-taxis">From Bihar's Dusty Villages to Shark Tank India: The Journey of Dilkhush Kumar and RodBez Taxis</a>

Find how Abbas, founder of Blix, showcases fun learning on Shark Tank India. Unleash the power of education with excitement!

“Learning with Fun” is possible, Abbas, the founder of Blix proves in Shark Tank India

Some entrepreneurs have introduced many innovative pitches on the Shark Tank show. Dilkhush Kumar and Siddharth Shankar Jha's taxi service pitch from Bihar was one of them.&nbsp; Dilkhush Kumar's journey from the dusty village land of Bihar to the platform of Shark Tank is nothing short of remarkable. His life is a testament to his resilience and unwavering determination.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Early education and struggles&nbsp;</h2>He grew up in a small village in the Saharsa district of Bihar. His father was a bus driver. Dilkhush faced numerous challenges from a young age. In 2008, after completing his 10th-class examination at the tender age of 16, he got married. The weight of the family pushed him to find stable employment. He went for a guard job but could not secure it. Next, he went for a clerk job but failed due to not being able to recognize the Apple logo. Mostly he was rejected from job interviews due to his appearance and lack of formal education. So he chose not to look for work when he came back to the village. He felt discouraged, and burnt all his degrees and certificates. He asked his father to teach him driving so that he could earn for the family. At first, his father refused and asked him to find more options. But eventually, he agreed. Dilkhush did a job of 3,500 Rs. in his village as a taxi driver, but it was not enough to run a family. He had to look after his child and wife.Dilkhush moved to Patna in search of stable work. He spent almost a year working as a driver. He also learnt new skills, worked in construction, electrical, firework etc. After earning some money, he decided to do his own work.He launched his first venture in 2016, "AryaGo". AryaGo was set up with just one car, a second-hand Nano, which Dilkhush bought by borrowing Rs 50,000. He set up his office in a shelter house for cows in his village Bangaon. He then expanded by adding a Santro to his fleet. The business was performing well; in 2021, sales were between 70 and 80 lakhs. He decided to start something at a bigger level.In July 2022, he launched his Pan state startup Rodbez with his cousin and mentor. He raised 46 lakh funds for it in November at a valuation of 4 crore. Rodbez commission rate is 20% for every ride. The company is doing well in Bihar. According to Dilkhush, currently, they have an average demand of 100 taxis but due to less availability, they are only able to fulfil the demand of 35-36 taxis.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">About RodBez&nbsp;</h3>The application solves the problem of unorganised taxi services in Bihar. The taxi driver is not able to get a return passenger at the time of return, due to which the passenger has to pay both-side taxi fares even for a one-way journey.RodBez has come up with a solution to this problem in the form of One Way Taxi. They connect 2 passengers travelling from opposite directions into a single taxi, reducing their travel cost by up to 40%. The company also commits that if their taxi does not reach at the selected pickup time, due to which the customer misses a flight or train, they would refund 100% of the ticket price.&nbsp;Dilkhush refused to compromise on his principles. He believed in fair wages for his drivers and prioritized customer satisfaction above all else. His relentless pursuit of excellence and his unwavering commitment to his vision set him apart from the crowd.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/The_Journey_of_Dilkhush_Kumar_58c2ad8732.jpg" alt="The Journey of Dilkhush Kumar.jpg" width="500" height="500"></figure><h3 style="text-align:justify;">In Shark Tank India</h3>In front of the sharks, Dilkhush shared his journey. He spoke of the challenges he had overcome, the obstacles he had faced, and the dreams that had kept him going through it all.&nbsp;He asked for Rs 50 Lakhs for 5% equity.&nbsp; Anupam, Aman, and Piyush were not interested in investing in Rodbez, while Vineeta and Ritesh offered Rodbez a proposal of 20 lakhs for 5% ownership plus 30 lakhs of loan at 12% interest for two years at a valuation of 4 crores. Their offer got accepted.Dilkhush Kumar's ascent from a life of hardship to the heights of entrepreneurial success was no easy feat, especially given his lack of formal education. However, his determination to learn and succeed against all odds knew no bounds. He had nothing but ambition and a thirst for knowledge, he learnt application coding through YouTube tutorials. The sharks at Shark Tank were surprised to learn that the ingenious RodBez application was crafted by Dilkhush himself, solely through his self-taught expertise from online videos. He proved that sheer determination and hard work can conquer any obstacle.In an Instagram post-Dilkhush wrote, He did not go to the sharks for money. He said to change Bihar, he needed the love and blessings of experienced people. It is fortunate for him that in the field of entrepreneurship, he has people who are his ideals. He says “Nothing could be bigger than this for him”.Also Read: <a href="https://www.sovrenn.com/knowledge/anil-gupta-a-journey-of-entrepreneurial-vision-education-struggle-and-success">Anil Gupta: A Journey of Entrepreneurial Vision, Education, Struggle, and Success</a>

Dilkhush Kumar: Dilkhush Kumar grew up in a small village in Bihar. His father drove a bus. Dilkhush faced many challenges from a young age. In 2008, at 16, he got married after finishing his 10th-grade exam.

From Bihar's Dusty Villages to Shark Tank India: The Journey of Dilkhush Kumar and RodBez Taxis

In the bustling world of entrepreneurship, some stories inspire deeply, stories of individuals who turn adversity into opportunity, and passion into profession. Priyasha Saluja's journey from a young girl struggling with health issues to the visionary founder of "The Cinnamon Kitchen" is one such inspiring story of a foodie girl.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Early health struggles</h2>Saluja defines her personality as a cook and server of good food. But this came to an end when she found out about her health.At the tender age of 13, Priyasha was diagnosed with Polycystic Ovary Syndrome (PCOS). It is a condition that demands careful attention to a person’s diet. Being a Punjabi, she is fond of eating and cooking varieties of food from her childhood. Despite her love for diverse cuisines and sweets, health restrictions posed a formidable challenge. Yet, adversity often sparks innovation, and Priyasha embarked on a culinary exploration to create healthy and delicious snacks. She experimented with tasty food with healthy ingredients or tailored ones for people who are allergic to certain ingredients. First, she delved into the art of crafting treats that catered to her dietary needs. Gradually her joy of cooking intertwined with her innate desire to serve others who have been suffering like her. It ignited a passion that later defined her future entrepreneurial journey.While she pursued a career in advertising post-education, her heart resided in the kitchen. She was working in an advertising company but left her well-paid job. In 2019, fuelled by her steady passion, she took the bold leap to establish her venture. She had nothing at that time but savings of 50,000 and a fervent determination to redefine the culinary landscape. She went to the market and bought an oven, blender, tray and other important equipment. She asked her friend to make a logo of the Company, which her friend designed in a circular shape. Priyansha says she didn’t even have 2000 rs when the printer asked her if she wanted to cut the logo in circular form. She cut all the logos on her own for around 6 months. Her hard work paid and now she is running the company on profit.<h2 style="text-align:justify;">About The Cinnamon Kitchen</h2>Priyasha's brand is offering a diverse range of gluten-free, refined sugar-free, and plant-based delights, free from preservatives. The company caters to individuals with allergies or dietary preferences, be it dairy or gluten intolerance, ketogenic lifestyle, or vegan choices. The Cinnamon Kitchen stands as a beacon of inclusivity and health consciousness. With 45 distinct products, each crafted with precision and care, the brand resonates with those seeking nourishment and an elevated culinary experience.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Crafting_Health_and_Taste_fc5f3391ac.jpg" alt="Crafting Health and Taste.jpg" width="500" height="500"></figure><h3 style="text-align:justify;">Priyasha Saluja in Shark Tank India</h3>Priyasha's vision extends beyond mere business; it is a fervent belief in making healthy eating not an exception but the norm. With this vision, she recently appeared in Shark Tank India season 3.&nbsp; She served her company’s products to every shark and they all liked the taste and ingredients.&nbsp; However, while Vineeta found it expensive according to the quantity, Anupam found issues with the packaging and colour.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;She appealed for 60 lakhs for 2% equity at a valuation of 30 crores. Her ambition is to scale her venture and propagate her mission far and wide. The Sharks were amazed to hear about Priyasha's profits, she defined it as "It's magic”. Vineeta offered her 60 lakhs for 10% equity at the valuation of 6 crores. Deepinder stood out, because of the conflict between Zomato and Blinkit. While Aman went all alone and offered a deal, Anuman Joined Vineeta's offer.&nbsp;In total 3 sharks offered her deal. Aman offered 10 lakhs equity at 2% equity and 50 lakhs debt at 12% interest for 2 years at the valuation of 5 crores.&nbsp; However, the founder did not accept it as the interest rate was high.<figure class="image"><img style="aspect-ratio:400/400;" src="https://cms.sovrenn.com/uploads/Priyasha_Saluja_in_Shark_Tank_India_aa91edda39.png" alt="Priyasha Saluja in Shark Tank India.png" width="400" height="400"></figure>After negotiations the deal closed with Aman, and the founder accepted his offer of 60 lakhs for 5% equity at the valuation of 12 crores.In Priyasha Saluja is not just an entrepreneur but a culinary crusader, a trailblazer redefining the contours of gastronomy. Her journey exemplifies the transformative power of untasty food Survivor to Healthy Tasty Server. Today, the Cinnamon Kitchen not only indulges taste buds, but also nourishes souls with the essence of Priyasha's confident spirit.Also Read: <a href="https://www.sovrenn.com/knowledge/adil-quadri-perfumes-secures-investment-with-attar-fragrances-in-shark-tank-india">Adil Quadri Perfumes Secures Investment with Attar Fragrances in Shark Tank India</a>

At the tender age of 13, Priyasha was diagnosed with Polycystic Ovary Syndrome (PCOS). She experimented with tasty food with healthy ingredients or tailored ones for people who are allergic to certain ingredients. 

Crafting Health and Taste at The Cinnamon Kitchen, Priyasha Saluja wins the deal with Shark Tank India with her sweetness

In the vast landscape of entrepreneurship, stories of triumph often emerge from the most unexpected corners. Adil Quadri's journey from the small town of Bilimora, Gujarat, to the spotlight perfume brand was not easy, It is a testament to determination, and the power of vision. The journey of Adil is not one of overnight success but rather a saga of hard work in the face of adversity.&nbsp;Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Early Education</h3>Adil had to leave his formal education after 5th standard due to his health issue of Asthma in 2005.&nbsp; He learned a lot of things and did different courses from 2005 to 2014 to gain knowledge and to decide his path, but nothing attracted him. In 2014 his uncle told him about SEO (Search Engine Optimization), He suggested him to pursue a career in SEO. Adil learnt about it in detail and from there his digital marketing journey started. He did drop shipping and launched D2C websites, as well as other things between 2014 and 2018. He experimented with affiliate marketing as well. However, nothing was satisfying him.&nbsp;<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Adil_Quadri_d97b60b1c4_c5854acb29.jpeg" alt="Adil_Quadri_d97b60b1c4.jpeg" width="500" height="500"></figure><h3 style="text-align:justify;">Entrepreneurial Journey</h3>During the search for the right career, his father's work grabbed his attention. He was working in an Attar shop in Bilimora. Adil got to know about the issues that users of Attar encounter. He found that a lot of people wanted to gift attar but they could not, due to packaging, and it was tough for people to find fragrance again. After knowing all this he decided to start his own Attar perfume brand with the name “Adil Quadri” while concentrating on all the issues. He was driven by a relentless passion for entrepreneurship and an acute sense of business acumen. He started his entrepreneurial journey in the small space of his home's gallery. He had nothing but a deep understanding of his local market.Despite the naysayers in his hometown, he never gave up on his dream of creating a big brand. He is still working hard to make it true. He says life has taught him many lessons as a teacher. He got three things from his town Bilimora - knowledge of doing business, knowledge of smell, and fighting with every problem like a rock (Dhanda Karne ka gyan, Khushboo ki pechan or har problem se lado jaise ek chattaan). He aspires to be a prominent figure in the perfume industry.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;His brand "Adil Quadri perfumes" offers a range of Attars perfumes. Currently, the Company is processing over 3,000 orders daily. According to him, they are the best sellers on Amazon and Flipkart - having a 3.8-star rating on Amazon with only Indian attar brand. They have processed more than 10 lakh total orders till now. His brand, "Adil Quadri Perfumes," emerged as a beacon of innovation, offering modern fragrances with a nod to tradition, coupled with impeccable packaging and unmatched quality. Around 95% of the brand's customers are men.&nbsp; In August 2023, Company had 6 crores of sales - 80–90 crores is the yearly revenue run rate. 95% of sales are made online.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Adil_quadri_5478668b66_4122414a65.jpeg" alt="Adil_quadri_5478668b66.jpeg" width="500" height="500"></figure><h2 style="text-align:justify;">Adil Quadri in Shark Tank India</h2>Recently, Adil Quadri was seen in Shark Tank India - propelling his entrepreneurial odyssey to new heights. He asked for Rs. 1 crore for 0.5 % equity in Shark Tank at a valuation of 200 crores.&nbsp;The main problem that Sharks discovered in his company was debt. The manufacturing cost was 30% of sales, 40% goes in advertising costs, 14% shipping costs, 20% operating costs. EBITDA stood at 4%.His Company has a debt of 6 crores. He intends to take out new loans. Sharks were not very interested in investing in his firm after hearing a debt of 6 crores. However, Vinita was the only one to make him an offer. She offered one crore in exchange for 1% equity and 1% royalty up to a recovery of one crore rupees. He accepted Vinita's offer. Adil says he needed experience and that he was learning via his experiments. Vinita argues that since she is betting her money on the individual who has conquered his life's obstacles, it should be easy for him to get beyond the obstacles of the firm.Quadri's journey serves as a beacon of hope for aspiring entrepreneurs, underscoring the transformative power of determination, innovation, and the unwavering pursuit of one's dreams. From humble beginnings to the glitzy confines of Shark Tank, Adil Quadri's story is a testament to the adage that with persistence and perseverance, anything is possible. He has proved that Nothing can stop you when you want to learn and make it big.Also Read: <a href="https://www.sovrenn.com/knowledge/from-bihar-s-heartland-to-agri-tech-glory-shashank-kumar-s-inspiring-journey-with-dehaat">From Bihar's Heartland to Agri-Tech Glory: Shashank Kumar's Inspiring Journey with Dehaat</a>

Adil Quadri's journey from the small town of Bilimora, Gujarat, to the spotlight perfume brand was not easy. He had to leave his formal education after 5th standard due to his health issue of Asthma in 2005. 

Adil Quadri Perfumes Secures Investment with Attar Fragrances in Shark Tank India

In the world of entrepreneurship, where fancy degrees often overshadow the genuine passion and integrity of a person. Mayank Pratap Sisodia stands out as a man of honesty and sustainability. He is from the small town of Dhampur in the Bijnaur district of Uttar Pradesh. Mayank's journey from a farmer's family to the founder of "The Honest Home Company" is nothing short of inspiring. He was recently seen in the Shark Tank season 3 episode.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;Mayank had no premium degrees and entrepreneurial education but he has his honesty which is the first priority of the customer. He belongs to a farmer's family, where he learnt about giving back to Earth. His product is made to help to save the mother earth from plastic packaging. The honest home company has given the solution of such products which focus on making plastic-free cleaning and paper products for everyday use. He says he works on sustainability and his products are eco-friendly.The responsibility towards the environment eventually led him to found his company, with a mission to combat plastic pollution through eco-friendly alternatives.&nbsp;<h2 style="text-align:justify;">Mayank Pratap Singh’s Education and Career&nbsp;</h2>He completed his schooling in Dhampur. After that, he earned his graduation degree from Punjab University. He also attended the Jaipuria Institute of Management in Lucknow to earn an MBA.He worked as a sales officer at Parle Product Limited. After this, he worked for Hindustan Unilever for over seven years, where he received three promotions and great work experience. Additionally, he joined an Ayurvedic start-up and expanded their product distribution throughout North India.<h3 style="text-align:justify;">Entrepreneurial Journey</h3>While at work, he noticed that many businesses were offering high-quality organic items, but they were packaged in plastic, which was neither environmentally friendly nor sustainable. This gave him the idea to launch a product that could deal with this issue and reduce the use of plastic packaging. This idea gave birth to “The Honest Home Company” in 2019.The company has made products which focus on making plastic-free cleaning and paper products for everyday use. The initial investment made by the Company was 2.25 crore – one crore from three friends, and the remaining was his own. Now the annual revenue is 14 crores. He has 80% ownership and his three friends hold 20% of the business.But the journey was not so easy, he faced numerous challenges along the way, including initial rejection from over 80 venture capitalists who deemed his market too commoditized. They told him to find a co-founder who studied at a premium institute and had experience. But Mayank remained steadfast in his vision. When his Company started, it focused on some major products like food paper, kitchen towels, wrapping paper, facial tissue etc. Later they added other products like hand wash, toilet cleaner, floor cleaner etc.Armed with resilience and determination, he persevered, leveraging his experience in sales and distribution to carve a niche for his company in both offline and online markets. The COVID-19 pandemic served as a wake-up call for Mayank, highlighting the importance of expanding his online presence. When he recognised the need to adapt to changing consumer behaviours, he swiftly pivoted towards enhancing his Company's digital footprint, with plans to tap into various online platforms.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;Mayank says his Company has had great control of the offline market from starting, but now he is also focusing on the online market as it is the need of the customer. They had 55% sales offline and the rest 45% online in 2022. Mayank is using different ways to sell its products online and increase its online availability.<figure class="image"><img style="aspect-ratio:400/400;" src="https://cms.sovrenn.com/uploads/Shark_Tank_India_7ca9346df7.jpg" alt="Shark Tank India.jpg" width="400" height="400"></figure><h2 style="text-align:justify;">The Honest Home Company grab the attention of four Sharks in Shark Tank India</h2>Mayank's journey reached a pivotal moment when he appeared on the hit reality show "Shark Tank India," seeking investment to fuel his company's growth. Despite facing scepticism from potential investors, Mayank's unwavering belief in his product and his refusal to compromise on his principles caught the attention of the sharks. He asked for 1 crore rupees for 2 per cent equity from sharks at the valuation of 50 crore.&nbsp;In a dramatic turn of events, multiple sharks vied for a stake in Mayank's Company, each offering lucrative deals. Vineeta offered him 1 crore for 4% equity plus 1% royalty until she recoups 1.5 crores. Amit offered him the same as Vineeta. Anupam offered 1 crore for 3% equity plus 1% royalty until 2 crores is recouped. Amit matched Anupam's offer and also Vineeta and Amit offered the same offer together. Amit agreed to go alone by reducing royalty from 2% to 1.5%. However, it was Amit's offer that ultimately resonated with Mayank.<figure class="image"><img style="aspect-ratio:400/500;" src="https://cms.sovrenn.com/uploads/Graph_The_Honest_Home_ecb8d61d9f_557526be78.jpeg" alt="Graph_The_Honest_Home_ecb8d61d9f.jpeg" width="400" height="500"></figure>The growth seen by the Company is great at 181% (shown in graph). Looking ahead, Mayank envisions exponential growth for The Honest Home Company, with plans to expand into new cities and online platforms. His dedication to sustainability, coupled with his business acumen, positions him as a formidable force in the eco-friendly consumer goods market.In a world dominated by profit margins and cutthroat competition, Mayank Pratap Sisodia serves as a refreshing reminder that success can be achieved without compromising on integrity or environmental responsibility. As he continues to pave the way for a greener, more sustainable future, Mayank's journey stands as a testament to the power of honesty, grit, and unwavering determination.SOURCES<a href="https://www.sonyliv.com/shows/shark-tank-india-1700000741/bigger-better-and-smarter-1000261814?watch=true">https://www.sonyliv.com/shows/shark-tank-india-1700000741/bigger-better-and-smarter-1000261814?watch=true</a>Also Read: <a href="https://www.sovrenn.com/knowledge/from-bihar-s-heartland-to-agri-tech-glory-shashank-kumar-s-inspiring-journey-with-dehaat">From Bihar's Heartland to Agri-Tech Glory: Shashank Kumar's Inspiring Journey with Dehaat</a>

Read the story of Mayank Pratap Sisodia, the founder of Honest Home Company, as he charms on Shark Tank India with his honesty, winning both hearts and deals!

Honest Home Company's founder Mayank Pratap Sisodia's Honesty Wins Hearts and Deal on Shark Tank India

In the vibrant tapestry of India's fashion landscape, there are few stories as inspiring as that of Mohit Kalubhai Gadhiya and Priya Gadhiya, the dynamic duo behind the famous Raja Rani Couture and coaching centre. Their journey from small beginnings to pioneering entrepreneurs is a testament to their determination and relentless pursuit of excellence.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Education and Entrepreneurial kick</h2>The genesis of their venture traces back to a simple yet profound invitation from Mohit's sister-in-law to join her in the rental clothing business which was started in 2014. This innocuous offer set the stage for a remarkable transformation. After completing school, Mohit was running a boutique with his sister-in-law. But Mohit had very little knowledge about the intricacies of clothing, so his sister-in-law suggested him to learn about the clothing industry. He decided to go on a journey of discovery about clothing and fashion. He enrolled in a tailoring institute where he was the only male among 70 female classmates. It was here that fate intervened, and he met Priya during classes which changed their lives forever.Their shared passion for design and clothing led them to pursue further education at the International Institute of Fashion Design Surat. They also got married to each other. However, during their course, they experienced a stark contrast between larger institutions focusing solely on illustration and smaller ones lacking in methodology. It was this realization that planted the seed for their ambitious vision - to create an institute that seamlessly blended the best of both worlds.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Raja_Rani_Coaching_37bdac2d1f.jpg" alt="Raja Rani Coaching.jpg" width="500" height="500"></figure>Despite facing numerous obstacles along the way, including societal stereotypes and financial constraints, Mohit and Priya remained undeterred. They were armed with the desire to bridge the gap in the tailoring industry, so they set out to establish the Raja Rani Couture and Coaching Centre in the year 2021. Their goal was not just to impart technical skills but to nurture creativity and innovation, empowering individuals from all walks of life to pursue their passion for fashion.The journey was fraught with challenges. Yet, with unwavering perseverance and a relentless pursuit of excellence, they turned their vision into reality. Today, Raja Rani stands as a beacon of hope for aspiring designers and tailors across India. The mantra of their success is their unwavering commitment to quality and innovation.They offer a diverse range of courses. They have revolutionized vocational training in the tailoring industry, attracting a diverse clientele that includes boutique owners, tailors, high school graduates, and fashion design enthusiasts. They offer their 4-month course at Rs. 37,500. They also have their most selling trial blouse class, for Rs. 4000.Their hybrid approach, combining offline centres in Surat with online training, has further expanded their reach, enabling them to impact lives beyond geographical boundaries. They have a great social media image with 16 lakh followers on Instagram, 3.3 lakh on YouTube and 42k on Facebook. Moreover, their recent foray into rental clothing services has added another dimension to their business, catering to the evolving needs of their clientele.<h3 style="text-align:justify;">Future Plans</h3>The couple has also planned to launch a new course on Boutique management course, Faion photography and illusions courses. In a recent conversation in the Shark India episode, they shared their future ideas and plans.Beyond their professional achievements, Mohit and Priya's journey is a testament to the transformative power of passion and perseverance as they navigate the highs and lows of entrepreneurship. Amid their entrepreneurial journey, the couple welcomed a new one to their family - a baby boy.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;After recognizing the financial barriers that often hinder some students from pursuing their dreams, Priya &amp; Mohit also established a scholarship-free coaching program for underprivileged individuals. This helped countless students with underprivileged lives. Their move has empowered individuals from economically disadvantaged backgrounds to acquire valuable skills and secure better job opportunities. Many talents have received the training and support they need to kick-start their career.<h3 style="text-align:justify;">Financials and Unit Economics&nbsp;</h3>In the fiscal year 2022-2023, they generated revenue of Rs. 78 lakhs, and in the subsequent fiscal year (2023-2024), their sales surged to Rs. 2 crores. They are projecting sales of Rs. 6 crores for the upcoming project with over 70,000 students, projected profit is 44%.<h3 style="text-align:justify;">Understanding unit economics</h3>Their Gross Merchandise Value amounts to Rs. 118, out of which Rs. 18 are deducted as GST, resulting in a net revenue of Rs. 100. With a Cost of Goods Sold (COGS) of Rs. 25, the gross profit stands at Rs. 75. After considering the Customer Acquisition Cost (CAC) of Rs. 7 and other associated costs of Rs. 1, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is Rs. 67. After accounting for depreciation of Rs. 1, the final EBITDA is Rs. 66.<h3 style="text-align:justify;">Deal with Sharks</h3>After the initial pitch, the founders of Raja Rani asked for INR 1.3 Crores for 5% equity at a valuation of INR 26 crores. All the sharks were impressed with the revenue and business model.&nbsp;Amit proposed 1.3 crores as debt with 10% royalty until 2.6 crores recouped while Anupam offered 50 lakhs for 10% equity plus 80 lakhs debt at 15% interest. The founders countered with a deal comprising 50 lakhs in exchange for 6% equity, coupled with 80 lakhs provided as debt at 15% interest rate. However, this was not accepted by either of the sharks.In conclusion, the story of Raja Rani's founders serves as an inspiration to all aspiring entrepreneurs, reminding us that with courage, resilience, and unwavering determination, any dream is within reach. They continue to weave their legacy into the fabric of India's fashion industry. They are changing the dynamics of learning which is more focused on skill learning rather than focusing on only bookish knowledge.Sources<a href="https://www.rajaranicoaching.com/">https://www.rajaranicoaching.com/</a><a href="https://www.business-standard.com/content/specials/raja-rani-coaching-stitching-hope-and-empowerment-through-free-education-123072600554_1.html">https://www.business-standard.com/content/specials/raja-rani-coaching-stitching-hope-and-empowerment-through-free-education-123072600554_1.html</a><a href="https://youtu.be/9HXfP_Kfw7Y?si=51iegWEmjQUuiEKM">https://youtu.be/9HXfP_Kfw7Y?si=51iegWEmjQUuiEKM</a>Also Read: <a href="https://www.sovrenn.com/knowledge/gunavanth-vaid-guna-ji-the-investor-with-a-vision-for-growth-and-goodness">Gunavanth Vaid “Guna Ji”: The Investor with a Vision for Growth and Goodness</a>

Mohit and Priya Gadhiya are the founders of Raja Rani Couture, a coaching center. They started small but worked hard to become successful entrepreneurs. Find the incredible journey of Raja Rani Coaching founders, from couture to coaching fame. 

Stitching Success of Raja Rani Coaching Couple on the Stage of Shark Tank India

Agriculture is the prime pulse of the Indian economy. According to PIB, the sector accounts for around 19% of the GDP and two-thirds of the Indian population depends on it. It plays a crucial role in the socio-economic development of the country.Dehaat is the startup that has been targeting this sector. It was the idea of Shashank Kumar and his other IITian friends who have proved that if you want you will. Throughout their 14-year operation, they have had a tremendous effect at the local level, which has been acknowledged by several organisations, including NASSCOM, Forbes, ET, Niti Aayog, the Bill Gates Foundation, and many more.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">What is DeHaat?</h2>DeHaat is one of the leading Agri-Tech startups in India. It is a business-to-farmer (B2F) business. It is providing end-to-end solutions and services to farmers by using AI-enabled technologies, it aims to enhance supply chain efficiency and production in agriculture. The Company has a presence in 12 Indian states, DeHaat operates through a vast network of over 11,000 DeHaat Centers and 503 Farmer Producer Organizations (FPOs), catering to over 1.8 million farmers. It offers AI-driven crop advisory services in regional languages for crops. Alumni of IIT Delhi, IIT Kharagpur, and IIM Ahmedabad founded the startup. It has achieved remarkable growth, recognized as a Great Place to Work for two consecutive years. Its impact has been widely acknowledged by widely known organisations.<h2 style="text-align:justify;">Who is Shashank Kumar?</h2>Shashank Kumar is a native of Chhapra district of Bihar. He is the founder of Dehaat. To set up his business,&nbsp; he left his well-settled job.<h3 style="text-align:justify;">Early days&nbsp;</h3>Shashank Kumar's journey began in the humble surroundings of a joint middle-class family in the semi-urban area of Chhapra district in Bihar. His parents worked hard to provide for their family. His mother was working as a teacher and his father was employed in the Bihar National Electricity Board. It was a modest upbringing as every Bihar middle-class child has. but one filled with love and aspiration, His parents always wanted to send him out of Bihar to earn and have a good job.When Shashank was just a young boy of 12 or 13, his family was very happy as his elder brother secured a place in Sainik School. However, alongside this joy lingered concerns about the financial strain it imposed on a middle-class family. This is when Shashank, even at such a tender age, decided to help his parents and family. He took the exam at Netarhat Residential School in Jharkhand, a school that offers scholarships to its good students. Miraculously, he succeeded against the odds, securing a spot among the hundred fortunate scholars out of the twelve to thirteen thousand hopefuls.His educational journey was marked by brilliance and dedication. He topped his school in 10th standard and achieved state ranks. After this, he was urged by family and relatives to aim for the prestigious Indian Institutes of Technology (IIT). Shashank accepted this wholeheartedly and eventually graduated in 2008 with a degree in textile engineering from IIT Delhi. But he didn't stop there. He also pursued a minor in business administration from IIT Delhi's Management Studies Department. He has always had keen interest in both technical and managerial aspects.<h3 style="text-align:justify;">Journey of leaving a settled job for a startup</h3>He got a place in college placement and joined a reputable management firm, Beacon Advisory Services, where he spent about two and a half years and was receiving a good package. One fine day he read a book on entrepreneurship that sparked a profound change within him. But still belonging to a middle-class family, he thought many times if it would be a good idea to leave his job.He learnt about Sanjeev Bikchandani when he was struggling with what to do. Someone asked in Sanjeev's talk how a person knows with surety about the idea he is thinking of executing. So Bikchandani said to ask your heart, will you work on your idea if you don't have funding? You will find the answer yourself. This helped Kumar decide that he wants to do something in Agritech. Although he says he learned from his own experiences as well as of other people's.Fuelled by his passion, Shashank took the bold step of leaving his secure job at the end of 2010, ready to embark on a journey driven by purpose and dream to do something different.He says his story is similar to Abhimanyu's (Mahabharat character), he knew that he had to attend IIT. After that, though, there was no clear direction. He did what he felt like doing, and Dehaat was created.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;Teaming up with his old friend from IIT Kharagpur, Manish Kumar, Shashank founded the non-profit foundation Farms &amp; Farmers in 2011, with the noble aim of uplifting the farming industry. The inception of Green Agrivolution under the Dehaat banner in 2012 marked the beginning of their impactful journey. However, the road ahead was fraught with challenges. Farmers were initially sceptical of Shashank, a young man in his twenties, claiming expertise in agriculture.<figure class="image image_resized" style="width:80.85%;"><img style="aspect-ratio:895/676;" src="https://cms.sovrenn.com/uploads/Dehaat_Team_7b0783cf68.jpeg" alt="Dehaat Team" width="895" height="676"><figcaption>Dehaat Founders Team</figcaption></figure><h3 style="text-align:justify;">Team assembling</h3>After knowing the challenges and hurdles in the Agriculture sector, he found that the journey would not be easy to deal with alone. He needs people who might have the same vision or dedication for this startup. He couldn't help but think of Manish, who was his friend and shared his enthusiasm for giving back to the community. However, as time went on and Kumar realised that he needed additional support, his school friend Shyam asked him one day what they were doing as he felt curious. Kumar explained to him and he decided to join the enterprise and left his college placement job offer.&nbsp;Later, Amrendera, a computer engineer, expressed his desire to join after reading about them. Adarsh, a mechanical engineer, also desired to work in agriculture. Subsequently, Abhishek joined while conducting surveys in Bihar on behalf of a Singaporean firm. He chose to enlist after getting to know the group. All these were IIT Alumni.&nbsp;<h3 style="text-align:justify;">Hurdles and challenges</h3>In their starting days as entrepreneurs in 2013, living in a remote part of Bihar was not easy. Every day they used to ride their bikes and go exploring the land farmers who are interested in their idea. According to him, that time travelling to the City was similar to travelling abroad.Yet, through perseverance and dedication, he managed to win over a few, laying the foundation for what was to come.Despite the initial doubts and financial constraints, Shashank and his team pressed on. They did not have enough funds and money. With only a loan of 20 lakhs from the bank, they forged ahead, overcoming obstacles one at a time. The journey was arduous, with rejections from over 85 investors, but every setback only fuelled Shashank's resolve to succeed.He likened their journey to that of a bamboo tree, which grows slowly but steadily, eventually yielding remarkable results. And indeed, the fruits of their labour began to show. From humble beginnings, Dehaat expanded its reach to encompass different states, impacting the lives of countless farmers along the way.<h4 style="text-align:justify;">&nbsp;</h4><h4 style="text-align:justify;">Conclusion</h4>Today, as the CEO of DeHaat, Shashank Kumar stands tall, his vision and determination has transformed a small initiative into a thriving Agritech company. Shashank's story is not just one of entrepreneurial success but of resilience, passion, and unwavering belief in the power of dreams of a middle-class person. As he looks back on the journey, Shashank knows that the path ahead may still be challenging, but with a team of over two thousand by his side, he believes there's nothing they cannot overcome.Sources&nbsp;<a href="https://agrevolution.in/company/">https://agrevolution.in/company/</a><a href="https://youtu.be/h6BMl2V5gc4?si=CqPhP01GfYpcO7qo">https://youtu.be/h6BMl2V5gc4?si=CqPhP01GfYpcO7qo</a><a href="https://www.dnaindia.com/business/report-meet-shashank-kumar-iitian-who-left-high-paying-job-to-build-rs-1250-crore-revenue-business-3039668">https://www.dnaindia.com/business/report-meet-shashank-kumar-iitian-who-left-high-paying-job-to-build-rs-1250-crore-revenue-business-3039668</a>Also Read: <a href="https://www.sovrenn.com/knowledge/nirmal-jain-a-visionary-leader-and-ordinary-person-of-extraordinary-qualities">Nirmal Jain: A Visionary Leader and Ordinary Person of Extraordinary qualities</a>

Explore Shashank Kumar's Inspiring Journey with Dehaat - A story of resilience and innovation from Bihar's Heartland to Agri-Tech Glory awaits. Uncover the journey today!

From Bihar's Heartland to Agri-Tech Glory: Shashank Kumar's Inspiring Journey with Dehaat

"Jo Hum Khana Pasand Karein Wohi Dusron Ko Khilana Hai" is a widely recognized tagline of the Gopal Namkeen brand, which has achieved immense popularity in India, especially in the North. However, the brand's journey was not as smooth as it seems today. The founder encountered numerous challenges and setbacks on his path to success.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2 style="text-align:justify;">Who is Bipinbhai Vitthal Hadvani?</h2>Bipinbhai Vitthal Hadvani is the Founder and Managing Director of Gopal Snacks. He has over 30 years of experience in the industry. He is known for maintaining quality, affordability, and accessibility in his brand Gopal Snacks. The company reached more than 4 lakh retailers under his leadership. His brand Gopal Snacks is the second biggest player in Gujarat after Balaji Brand.&nbsp;He says "Jyada paisa Kamana hai to daam nahin business badhao" (If you want to earn more money then the make bigger the business, and not the price) which he learnt from his father.<h3 style="text-align:justify;">Early Life and Business&nbsp;</h3>Bipin Bhai was born and brought up in Gujarat. His family used to live in Gujarat's Bhadra village in the 1980s. Bipinbhai’s father sold homemade Gujarati snacks. He also used to help his father after school. He sold ‘Chavanu’ (Gujarati snack) for Rs 1 per packet in villages nearby on his cycle. His father's business was doing well to run a family but was limited to only Bhadra's people. He wanted to do something big and different, so he tried his hands in a big city.<h3 style="text-align:justify;">First Venture</h3>In 1990, he borrowed Rs 4,200 from his father and came to Rajkot after completing his schooling. He came here to explore more opportunities and to sell Namkeen or do something different. With an investment of Rs 8500, he started a business named ‘Ganesh Namkeen’ in partnership with one of his relatives. In the starting, they set manufacturing unit in a residential set-up. They used to sell Soy, Ganthia, Daldmuth, Chana dal, and peas packets.Although he had hopes with the Company, it did not perform well. He wanted to take the Company to new heights but he did not find a suitable investor in his business. At the same time, he also faced differences with his relatives, and in the end, the Ganesh brand closed down.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Second Venture (Gopal Namkeen)</h3>After failing in his first venture, Bipin Bhai wanted to give himself another chance. He staked out his share in Ganesh for Rs 2.5 lakhs and started a new venture with his wife Daxaben in the same year.&nbsp;It was in 1994 when he opened up a shop with the name of ‘Gopal Namkeen’ in Rajkot. His idea was simple - from starting "Sell customers what you would eat" which he learned from his father.But it was way harder to build brand loyalty for a new brand, so he picked up his cycle again to roam in Rajkot, while Daxa managed the production from home. He started engagements with shopkeepers and dealers to gauge the demand for various products and subsequently ramped up in-house production.Gathiya's popularity benefited him. He achieved sales of Rs. 1 crore. However, despite these efforts, setbacks ensued once more, although he managed. After 6 years of starting, his brother also joined his venture. This encouraged Bipinbhai to expand his business. In 2003, he decided to set up a manufacturing unit. He used an automatic frying machine that helped him increase his production capacity.In 2007 he renamed the brand from "Gopal Gruh Udyod to Gopal Snacks Private Limited".After attaining the desired success in his business Gopal Namkeen, Bipinbhai made a strategic decision to enhance the Company's capabilities. In 2014, he established an in-house printing unit to manufacture his brand's Namkeen packets. Moreover, recognizing the importance of quality control and uniqueness, he also ventured into manufacturing the masalas used in the preparation of the Namkeen. Major firms entering the traditional Namkeen area competed with Hadvani due to the growing chips industry. In response, he expanded the brand's offering to include new items like chips, wafers and spices. This shows that the Company changed itself with time. These days, chips account for around 7% of Gopal's sales, mostly in Gujarat. As a result, Gopal Namkeen fortified its position in the market, standing as a symbol of innovation and quality.<h3 style="text-align:justify;">Bipinbhai Hadvani's Net Worth and Gopal Brand</h3>His brand “Gopal Snacks Limited” has become a company of around Rs 1400 crore. With seven facilities spread over three states, their product line today includes over 60 different snacks, and they are well-known in more than 70 nations. The Company claims to make 1 crore packs a day. It has a huge network of over 750 dealers and approximately seven lakh retailers.Today, the brand is well-established in the Indian market due to Bipin Bhai's innovative business strategy. He turned the brand into India's largest producer of snack pellets and gathiya. His life gives us a lesson of success.Sources<a href="https://yourstory.com/2023/08/gopal-snacks-bipin-hadvani-success-story">https://yourstory.com/2023/08/gopal-snacks-bipin-hadvani-success-story</a><a href="https://www.linkedin.com/posts/thefaadguy_startups-casestudy-india-activity-7168827463689531392-EMkK/?utm_source=share&amp;utm_medium=member_android">https://www.linkedin.com/posts/thefaadguy_startups-casestudy-india-activity-7168827463689531392-EMkK/?utm_source=share&amp;utm_medium=member_android</a><a href="https://www.forbesindia.com/article/regional-goliaths/from-mere-rs-4500-to-rs-1300-crore-how-bipin-hadvani-built-gopal-snacks/80253/1">https://www.forbesindia.com/article/regional-goliaths/from-mere-rs-4500-to-rs-1300-crore-how-bipin-hadvani-built-gopal-snacks/80253/1</a><a href="https://yourstory.com/2023/08/gopal-snacks-bipin-hadvani-success-story">https://yourstory.com/2023/08/gopal-snacks-bipin-hadvani-success-story</a><a href="https://hindi.news18.com/news/business/success-story-how-bipinbhai-viitalbhai-hadvani-turns-gopal-namkeen-to-a-1300-crore-company-from-selling-homemade-gujarati-snacks-on-cycle-8122355.html">https://hindi.news18.com/news/business/success-story-how-bipinbhai-viitalbhai-hadvani-turns-gopal-namkeen-to-a-1300-crore-company-from-selling-homemade-gujarati-snacks-on-cycle-8122355.html</a>Also Read: <a href="https://www.sovrenn.com/knowledge/mukul-agrawal-s-journey-from-a-mumbai-local-to-a-prominent-investor-and-financial-maverick">Mukul Agrawal's Journey, From a Mumbai local to a prominent Investor and Financial Maverick</a>

Read the remarkable story of Bipinbhai Hadvani's rise from humble beginnings to building the iconic Gopal Snacks Empire. A tale of resilience and success.

Bipinbhai Hadvani: The Journey from Humble Beginnings to “Gopal” Snacks Empire

In the dynamic world of investments, there is a figure "Gunavanth Vaid", whose story is not just about financial success but also about resilience, principles, and the belief that doing good can lead to achieving good. He is a successful investor and a humble person.&nbsp; He says “I don't know the definition of success, but I want to do better today than yesterday. I am like all of you. I believe that by keeping your heart’s balance good, your bank balance will be good as well”&nbsp;In his interaction with Aditya Joshi, Guna ji spoke to Sovrenn about his journey, investing style and many more.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h3 style="text-align:justify;">Q1 How and when did you start and get into investing? Please share your journey.</h3>I did my CA in 1997. From 1997 to 2013 I was practising and my exposure towards the stock market was very little. I belong to a simple Chennai-based family. My family did not believe in the stock market. They used to say it was a satta. In 2013, I faced a big financial loss. My friend cheated on me, which made me learn people's behaviour. I did not have another way, I had only 2 choices: be a gambler or do something I understood - which was equity and balance sheet. My experience helped in the stock market and investing. So, I became an investor by accident and out of compulsion. I started investing in small and microcaps.<h3 style="text-align:justify;">Q2. What was your first stock? What was the rationale behind it?</h3>My inaugural stock investment was in a pharmaceutical company based in Chennai. My guiding principle is “Paisa wohin jahan koi nahi” (Money lies where nobody looks). I chose to invest in a company that intrigued me with its sales performance and the integrity of its promoters. Despite warnings from many, I conducted thorough research and found the company and promoter promising. Eventually, this investment yielded a remarkable 60x return.The second company I invested in underwent a takeover by a Chinese promoter, which also demonstrated favourable results. I was drawn to this company because of the competence of the individual taking charge. I firmly believe that one doesn't necessarily need Bloomberg or constant chart monitoring to make investment decisions. Basic research coupled with personal interaction, such as meeting the promoters, suffices. Hard work inevitably leads to fruitful outcomes."Thoda Mehnat karte ho na to mil jata hai" (If you put in a bit of effort, you'll reap the rewards).<h3 style="text-align:justify;">Q3. Whenever you buy a microcap company what are the most important things that you check before buying?</h3>Before buying a microcap company, there are several factors to consider. Personally, I place great emphasis on the character of the promoter. Additionally, monitor how the promoter interacts and behaves with others. Having a competent and trustworthy promoter is paramount for success. Conduct thorough research and due diligence on the promoter and the company. It's important to recognize that microcap companies often have a high failure rate, which is why it's crucial to exercise caution.The stock market can offer lucrative opportunities if approached with diligence. Focus on conducting comprehensive research and evaluating the integrity and competence of the promoters.Ultimately, if you've chosen a reliable promoter, you can have confidence in your investment. However, it's essential to analyze other aspects of the company's operations and performance. Keep track of reports and updates, but avoid micromanaging your investments. Trust in your research and the integrity of the promoter.<h3 style="text-align:justify;">Q4. Do you conduct extensive diligence on the company's balance sheet?</h3>There are numerous aspects not covered in the balance sheet. Especially in small and microcap companies, the balance sheet might not look favourable in the initial stages. Hence, it's not solely reliant on a strong balance sheet for good results. While it's advisable to review the balance sheet, I don't prioritize it as the primary factor before investing. The balance sheet constitutes only a portion of the overall evaluation process, rather than being the primary consideration. Personally, I don't typically delve into balance sheet analysis. I place more emphasis on evaluating the promoters.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Q5. When do you sell the company? How do you make a sales decision?</h3>"Kitna chala woh important nahi, kitna chal sakta hai woh important hai" (It's not important how much the stock has run up, but how much more it can run is important)I believe there can be 3 reasons behind selling a company:<ol><li>The purpose for which I bought it has been achieved, then I sell.</li><li>If the purpose for which I bought it is not yielding the expected results, then I sell.</li><li>Last but not the least, when I need money.</li></ol><h3 style="text-align:justify;">Q6. How do you have the target estimation?</h3>"In reality, nobody knows the estimation. The point is, 'If the train has come earlier (before time) to your station then you will thank the driver and leave the train.' Similarly, do the same with stocks if your purpose has been completed.&nbsp; Everyone has their thesis but no one has the exact estimation that it (the investment) will give 20x or 30x. I strongly believe, 'What happens is what you think', so think big. Speed does not matter, direction matters. So always select the right direction."<h3 style="text-align:justify;">Q7.&nbsp; Did it ever happen that things didn't go as planned and you made mistakes? What was the response?</h3>This happens sometimes, I also believe that you should always pick at least one wrong stock to make yourself humble. Because when you buy only good companies you start to believe that you are God. Small mistake saves you from a larger mistake. You have to see the bear market before understanding the bull market, then you understand the importance of it.<h3 style="text-align:justify;">Q8. What are the checklist components that you follow for SMEs?</h3>I don't follow such checklists, but I check a few things which is very normal like&nbsp;<ol><li>Promoter image&nbsp;</li><li>Promoter’s history&nbsp;</li><li>Promoter’s deliverance in the market&nbsp;</li></ol>I believe the intention is the most important thing.<h3 style="text-align:justify;">Q9. What is your Framework?</h3>I follow a framework that we call "PUNYA": P for Promoter’s Vision, U for Under-Researched company, N for Nascent Stage/New Business, Y for Young in market cap, and A for Affordable in valuations. if you don’t give money to Microcap who will give, it is also a work of nation building it is the work of Punya (Saint work).&nbsp;<h3 style="text-align:justify;">Q10. Who would consider your business mentor and who taught you investing?&nbsp;</h3>My inspiration and mentor is my father-in-law who is my chacha sasur. He taught me not only about investing but also how to give back to society. My father and brother always supported me. I also followed Rakesh Jhunjunwala in the capital market.<h3 style="text-align:justify;">Q11. What are your biggest learnings in the investment market?</h3>Always think beyond things that can happen and have a big dream.If a person knows everything, he will see red flags in everything. So the person who knows less earns more in the market.If you want to help society you can only help through equity, and you are not only helping the company or person but also earning money from helping.&nbsp;<h3 style="text-align:justify;">Q13. Is there any regret you feel, you want to change?</h3>Yes, I have two regrets. One is if I could get back my mother so I will, and the second is to start my investing journey earlier. I started it at the age of 37 which was late; if I could change it, I would start it a bit earlier.Also Read: <a href="https://www.sovrenn.com/knowledge/cpi-data-reveals-contrasting-trends-in-industrial-output-and-inflation">India's Economic Surge: CPI Data Reveals Contrasting Trends in Industrial Output and Inflation</a>

Gunavanth Vaid: Interview with Sovrenn: Uncover the secrets shared in this exclusive interview between Gunavanth Vaid and Sovrenn.

 Gunavanth Vaid: Interview with Sovrenn

<h2 style="text-align:justify;">The Story of Metro Brands Limited</h2>The story of Metro Brands Limited is a testament to the power of passion, perseverance, and adaptation in the face of challenges. It began with Malik Tejani who was a humble shoe salesman working in Colaba (a shoe store) in&nbsp; Mumbai, during the pre-independence era. In 1947, when India gained independence and the store owner had to leave due to the Partition crisis, Malik saw an opportunity. Despite the risks, he took a loan, bought the store and opened his first store in 1955. He named it Metro Shoes. He decided on the name of the iconic Metro Cinema in Mumbai. The Metro Brands journey started from a single shoe store and created a history of being a popular brand.Malik was a completely social person; he could greet people approximately in 40 different languages. He was the best salesman according to Farah (his granddaughter). His style of selling was the main pillar of his business. Farah says he worked in the shop till the last day of his life. He always preferred not working in an office setup.Malik's dedication to his craft and his innate ability to connect with customers laid the foundation for Metro's success. He ran the business with emotion, turning selling shoes into an art form. Customers from all over the country recognized him, drawn by his charisma and genuine passion for footwear.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h3 style="text-align:justify;">Second Generation Rafique Malik</h3>Upon his passing, his son Rafique Malik took the reins at the young age of 16, now he is 73. He envisioned the transformation of the store into a multi-chain format and he did. Under the leadership of Rafique, Metro Shoes began to professionalise, he hired managers to ensure the success of sales. Rafique's determination to modernise and expand Metro Shoes never wavered.He has left an indelible mark on the organisation through unwavering commitment and visionary leadership. He completed his education at Harvard University. His influence in the retail industry spans over five decades, establishing him as a stalwart in footwear retail.Under his guidance, the Company has become a formidable house of brands with 800 stores located across India. The diverse and robust portfolio of brands under the Metro Brands’ umbrella reflects his foresight and strategic acumen, encompassing iconic Indian names like Metro Shoes, and Mochi and international sensations such as Foot Locker, Crocs, FitFlop, and Fila.Throughout his journey, Mr Malik's pillar of support has been his life partner, Mrs Aziza Malik. According to Forbes, he is on the 89th position on the list of India's Richest.<figure class="image image_resized" style="width:75.85%;"><img style="aspect-ratio:767/468;" src="https://cms.sovrenn.com/uploads/Metro_Brands_Store_00f0a87f32.jpeg" alt="Metro Brands Store" width="767" height="468"></figure><h3 style="text-align:justify;">Third Generation Farah Malik, the granddaughter of Malik Tejani</h3>Then came Farah Malik Bhanji, Malik Tejani's granddaughter. Currently, she is running the Company as the Managing Director of Metro Brands. Initially, she was hesitant to join the family business, but Farah's six-month trial period proved to be life-changing. She recognized herself within the Company, and she embraced her role and drove digital transformation. She joined the Company in the 2000s.She has graduated from the University of Texas at Austin, and she also participated in the Owner/President Program at Harvard Graduate School of Business.Farah's introduction of technology and data management revolutionised Metro's operations. From introducing barcoding to launching an online portal, she propelled Metro Shoes into the digital age. Despite the changes, the family's passion for footwear remained ingrained in the Company's DNA.Since its inception in 1955, Metro Brands Limited has weathered numerous challenges and transformations. From the scarcity of goods in the early days to the liberalisation of India's economy in 1991, Metro Shoes has adapted to thrive in a competitive market.Today, Metro Brands Limited stands as one of India's most prominent footwear brands, boasting a turnover of Rs 1,411 Crore annually and a network across 128 cities. Despite the COVID-19 pandemic posing unprecedented challenges, Farah and her team remained resilient, embracing digitalisation and cost optimization to navigate through tough times. With Farah's determination and vision, Metro Brands Limited aims to cement its position as one of the top three footwear brands in India, continuing the legacy of passion and excellence established by Malik Tejani decades ago.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Challenges and Farah’s view</h3>She says that she faced the challenge of gaining respect as a woman in a male-dominated industry, but she found solace in her father's unwavering support. Despite the generation gap, her family and elders stood as pillars of strength, allowing her the freedom to learn from her mistakes. She believes that life throws curveballs, but it's one's attitude and reaction that truly matter. For Farah, 10% is what happens to you, while 90% is how you react to it – Her father's philosophy that guides her through challenges.Farah says the Company is a family member to us, discussions about the Company were a constant presence from breakfast to dinner and have shaped Farah's understanding of its ethos and values since childhood.Sources<a href="https://metrobrands.com/about-us/">https://metrobrands.com/about-us/</a><a href="https://youtu.be/TtmAhvRltxU?si=-5wAgh6NRMm3kmEW">https://youtu.be/TtmAhvRltxU?si=-5wAgh6NRMm3kmEW</a><a href="https://youtu.be/OqJcu_2fC_4?si=tV6aeM-k806fEoEv">https://youtu.be/OqJcu_2fC_4?si=tV6aeM-k806fEoEv</a>Also Read: <a href="https://www.sovrenn.com/knowledge/cardiac-pioneer-dr-devi-prasad-shetty-s-story">Cardiac Pioneer Dr. Devi Prasad Shetty’s Story: A game-changer in Healing Hearts and Making Healthcare Accessible to All</a>

The Tejani Legacy: Explore how Metro Brands went from shoe store to iconic brand under the visionary leadership of The Tejani family.

Metro Brands: From Shoe Store Salesman to making a popular brand – The Tejani Legacy

<h2 style="text-align:justify;">Who is Nirmal Jain?</h2>Mr. Nirmal Jain is the Founder of IIFL Group. He is a first-generation entrepreneur. He has built one of the largest financial services groups in India in two and a half decades. It has three distinct listed businesses – IIFL Finance, 360 ONE (IIFL Wealth) and IIFL Securities. The Group has a customer base of over 10 million.The Economic Times recognises Mr Jain as one of the most promising business leaders in Asia. He also received the CA Entrepreneur Leader Award in the Financial Services category from The Institute of Chartered Accountants of India (ICAI).&nbsp; Business Today magazine recognised him as among the most successful IIM alumnus. Jain was also a classmate of Bollywood Superstar, Aamir Khan, during his college days.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h3 style="text-align:justify;">The story of the ordinary man behind IIFL Group</h3>In the labyrinth of India's bustling business landscape, Nirmal Jain's story is that of a humble family, where the essence of hard work was ingrained in the very fabric of daily life.He was born in 1967 in Bombay in a Marvadi family where his father toiled as a small businessman. Jain absorbed invaluable lessons about the worth of labour and the profound impact it can have on one's life. His father came to Bombay at the age of ten. His native place was Udaipur, Rajasthan. He worked really hard for the survival of his family.Nirmal completed his Graduation from Narsee Monjee College of Commerce &amp; Economics, Mumbai University. Undeterred by the challenges of a humble background, Jain embarked on a path of academic excellence. He prepared for CA while pursuing his graduation. His relentless knowledge and tireless hard work propelled him and he secured second rank in India in the CA exam. He achieved the qualifications of a Chartered Accountant and also a Cost Accountant, securing his place as a finance expert at just the age of 23. He is also an alumnus of the prestigious IIM Ahmedabad. He completed his MBA&nbsp; (Master's in Business Administration) from IIM in Ahmedabad. This academic stint provided him with insights into the intricate dance of the corporate world – a realm of work, networking, and leadership.He believes that if you love what you do, work doesn't feel like a burden, but rather a seamless part of life. It was a mantra passed down through generations in his family. It set the stage for a young Nirmal Jain to view the business world through the lens of passion and dedication.<figure class="image"><img style="aspect-ratio:400/400;" src="https://cms.sovrenn.com/uploads/Nirmal_Jain_98a865adb5.jpg" alt="Nirmal Jain.jpg" width="400" height="400"></figure><h3 style="text-align:justify;">Career and Entrepreneurial Journey</h3>Jain got his start in 1989 at Hindustan Unilever Ltd, where he worked as a commodities trader. It was his campus placement. The corporate giant offered him everything. Yet, amidst the plush offices and promising paychecks, a realisation dawned upon him that something was missing.Jain felt the tug of entrepreneurship calling him. He made the audacious decision to bid farewell to the comfort of a high-paying corporate job and embarked on a journey that later defined his legacy. The risk he took to step into the unknown mirrored the fearless spirit of an entrepreneur, unafraid to carve his path.The entrepreneurial journey started with a keen observation of the changing dynamics in India's financial landscape. The country had just opened its doors to foreign investors, and Morgan Stanley, among others, had launched funds to tap into this new opportunity. He recognised that numerous research houses would emerge focusing on the same 200 companies driving market volumes, Nirmal had a ground-breaking idea – to provide research on these companies for a fee.Initially, the Company operated traditionally, printing physical reports with meticulous attention to quality and formatting. Little did Nirmal know that this offline beginning would evolve into a technological revolution.In 1998-99, Nirmal Jain found the potential of the internet. He witnessed the sale of Hotmail to Microsoft and opened his eyes to the transformative power of the digital realm. In a world where the internet was still in its infancy. However, Nirmal faced challenges with his partner, who wasn't on board with the idea of free information. Undeterred, Nirmal and his team placed advertisements in newspapers, offering free information online.&nbsp;In 1999, the business model transformed, aligning with the ethos of democratizing information. The Company pivoted to an online model, and he got a great response. This move marked the beginning of a new era for Nirmal Jain.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Mr Jain is also the founder of India’s only listed discount broker.</h3>In 2001, Nirmal Jain founded discount broking services under the brand name 5 Paisa or 5paisa.com. This move was revolutionary as it introduced a brokerage fee of just five basis points at a time when the industry norm was significantly higher. The vision was to make online trading more accessible and affordable for the masses. This venture was not without its challenges, as the internet landscape in those days lacked the convenience of smartphones and laptops, with users relying on large computers and slower internet connections.However, achieving recognition in the form of rankings provided a confidence boost. By 2007-08, the Company had become a leading player in retail broking, showcasing the success of its online model.<h3 style="text-align:justify;">Family and philanthropy</h3>Nirmal Jain is married to Madhu Jain. He lives in Mumbai with his wife and three children (Harshita Jain, Bhavya Jain, and Kalpita Jain). He is also contributing to society, in the fields of education and healthcare for underprivileged people. He has set up the IIFL foundation. IIFL Foundation’s flagship project ‘Sakhiyon Ki Badi’, is one of India's largest girl child education programs. It has already brought more than 36,000 out-of-school girls into education in Rajasthan. He is also one of the founders of Ashoka University. He is an early-stage investor in many fintechs and innovation companies.<h3 style="text-align:justify;">Nirmal Jain’s Thoughts and Vision</h3>Nirmal Jain emphasizes the importance of courage, organizational culture, and leadership. He believes that alliances play a pivotal role in fostering innovation and creating a culture that fuels growth. For Nirmal, entrepreneurship is not just about taking risks; it's about cultivating a mindset that embraces challenges and thrives on innovation.Also Read About <a href="https://www.sovrenn.com/knowledge/from-bihar-s-heartland-to-agri-tech-glory-shashank-kumar-s-inspiring-journey-with-dehaat">From Bihar's Heartland to Agri-Tech Glory: Shashank Kumar's Inspiring Journey with Dehaat</a>Reflecting on the success of IIFL Group, Nirmal Jain attributes much of it to the strength of the team. He highlights the importance of surrounding oneself with individuals who share similar or superior knowledge, fostering a culture of collaboration and partnership. He explains that the ethos of IIFL's culture is succinctly captured in the phrase, "Owners work, workers own." This philosophy underscores the sense of ownership instilled in every team member, creating a conducive environment for collective progress.Nirmal Jain considers his life nothing more than that of an ordinary person's. However, beneath this humility lies a reservoir of ambition. He encourages aspiring entrepreneurs to identify their interests and delve deep into their chosen domains. The key, according to him, is to align ambition with passion and expertise, paving the way for sustained success.His advice to budding entrepreneurs is clear and concise. He advocates for focus, hard work, and patience. He says that entrepreneurship is a journey fraught with challenges, and he underscores the importance of perseverance and steadfastness. His counsel to have large ambitions echoes the idea that aiming high is the first step toward achieving significant milestones.<h3 style="text-align:justify;">Conclusion</h3>Nirmal Jain's journey from a print-centric research house to a fintech pioneer illustrates the transformative power of embracing technological advancements. His ability to navigate challenges, innovate in the face of adversity, and build a company at the forefront of India's financial evolution showcases the essence of true entrepreneurial spirit. His story is an inspiration for young entrepreneurs to embrace change and chart their paths to success.&nbsp;SourcesNirmal Jain's Wikipedia Link: <a href="https://en.wikipedia.org/wiki/Nirmal_Jain">https://en.wikipedia.org/wiki/Nirmal_Jain</a> <a href="https://www.entrepreneurindia.com/live/nirmal-jain.php">https://www.entrepreneurindia.com/live/nirmal-jain.php</a> <a href="https://www.linkedin.com/pulse/how-nirmal-jain-hit-jackpot-became-billionaire-vivek-ajmera">https://www.linkedin.com/pulse/how-nirmal-jain-hit-jackpot-became-billionaire-vivek-ajmera</a><a href="https://thebiodiary.com/home/biograph/business-billionaire-Nirmal-Jain-en">https://thebiodiary.com/home/biograph/business-billionaire-Nirmal-Jain-en</a>https://iifl.com/finance/about-us/leaders/management/nirmal-jain <a href="https://youtu.be/dBlqvUxdi8c?si=ho82_5S-ZjheGEUH">https://youtu.be/dBlqvUxdi8c?si=ho82_5S-ZjheGEUH</a><a href="https://youtu.be/cqnN3Fj_9Zs?si=VaVrSJHTtOEdYHu9">https://youtu.be/cqnN3Fj_9Zs?si=VaVrSJHTtOEdYHu9</a>Click here to read about: <a href="https://www.sovrenn.com/knowledge/gunavanth-vaid-guna-ji-the-investor-with-a-vision-for-growth-and-goodness">Gunavanth Vaid “Guna Ji”: The Investor with a Vision for Growth and Goodness</a>

Nirmal Jain: Uncover the remarkable story of this visionary leader, an ordinary person with extraordinary qualities that set him apart.

Nirmal Jain: A Visionary Leader and Ordinary Person of Extraordinary qualities 

<h2 style="text-align:justify;">Who is Ghazal Alagh?</h2>Ghazal Alagh is the co-founder of Honasa Consumer which is the parent company of Mamaearth. It is an Indian personal care brand that specialises in natural and toxin-free products for babies, moms, and the entire family. She is also a part of Shark Tank India.In 2016, the Company Mamaearth was founded by the couple Varun and Ghazal Alagh with the vision of providing safe and sustainable products for the well-being of people and the planet. The Company is now worth more than INR 10,000 Cr. With this, it is also Asia's first MADE SAFE-certified brand.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h3 style="text-align:justify;">Early Life and Education&nbsp;</h3>Ghazal Alagh was born on 2 September 1988 in Chandigarh. She completed her schooling in Gurgaon, Haryana. While she was good in her studies till the tenth standard, however, the situation changed when she opted for Non-Medical in Plus Two. She found that failure was close for the first time, and she narrowly passed the Mathematics exam with poor results. After that, she started taking interest in Computer Science and did well in that.Like every middle-class family, Ghazal found herself navigating the maze of competitive exams after schooling. However, as she delved into the intricacies of these exams, Ghazal realized that this wasn't the path she wished to tread. Courageously, she said to her parents and expressed her choice of not preparing for the exam.Fortunately, Ghazal's parents understood and supported her. However, parental wisdom also came with a condition – if Ghazal desired a different path, she had to embark on it herself and learn the true essence of earning. She did an internship with a stipend of 5000 while pursuing her graduation. The support from her parents wasn't just about granting freedom of choice but also about instilling the values of responsibility and self-sufficiency. Later it helped her in her entrepreneurial journey.She graduated with a Bachelor of Computer Applications Degree from Panjab University and even secured a job before completing her graduation. She also graduated with a Degree in Fine Arts from the New York Academy of Arts. In 2008, she worked as a corporate trainer at NIIT Limited. Ghazal worked there for two years. She used to train managers and engineers from several IT companies in SQL, J2ME, and Oracle.&nbsp;Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2 style="text-align:justify;">Entrepreneurial Journey</h2>Life took a turn when she met Varun Alagh and they married. The couple moved to the Philippines for the job. It was in this new environment that Ghazal rediscovered her passion for painting.<h2 style="text-align:justify;">First venture&nbsp;</h2>Ghazal Alagh faced a setback in her first venture. The idea came when she was struggling with weight loss, compounded by frequent relocations. The startup was "Diet Expert". The concept aimed to cater to individuals seeking weight loss solutions amid travel constraints. Although the venture showed good growth, it ultimately faced challenges and did not succeed. The same happened with her second venture.<figure class="image"><img style="aspect-ratio:408/468;" src="https://cms.sovrenn.com/uploads/Ghazal_Alagh_139a02fc25.png" alt="Ghazal Alagh.png" width="408" height="468"></figure>After some time, they returned to India. Ghazal and Varun welcomed their first child, Agastya. However, joy turned into concern when Agastya was diagnosed with a skin condition. Every product applied to his delicate skin resulted in rashes and discomfort, which made Ghazal feel guilty for not being able to help her child. She talked to the doctors, friends and new parents and found that many people are facing the same issue.It prompted Ghazal to question the safety of commonly available baby care products. It was in this moment of parental distress that the seed for Mamaearth was planted. She used to order products from outside India.Agastya's health struggles became the catalyst for change. Ghazal, in collaboration with her husband and friends facing similar challenges, embarked on a mission to create products that were safe and gentle for infants. She started reading about different ingredients and products. Their doctor used to call them "Google Parents". It was a personal quest that soon evolved into a business venture, fuelled by a determination to fill the gap in the market for toxin-free baby care products. They introduced six products for babies in September of 2016.Also Read: <a href="https://www.sovrenn.com/knowledge/journey-of-surender-singh-rajpurohit-reviving-turms-from-adversity-to-success-surprised-shark-tank-investor-with-its-transformation">Journey of Surender Singh Rajpurohit: Reviving "Turms" from Adversity to Success, surprised Shark Tank investor with its transformation</a><h3 style="text-align:justify;">Challenges being a woman and mother&nbsp;</h3>Launching a business while navigating the challenges of new motherhood was no easy feat. Ghazal faced scepticism from peers, relatives, and even within herself. People used to constantly question her prioritising business over her child. But the couple supported each other every time.However, the adversity only fuelled her determination to create a brand that prioritized safety and quality for every child and parent. Ghazal managed both motherhood and business smartly and proved that a mother can do everything.&nbsp;Being a woman, Ghazal's journey was not without its share of professional hurdles in the business world. Leading the innovation department of Mamaearth, she encountered biases and faced resistance from some team members. Undeterred, she persevered, demonstrating her capability and commitment to the cause.<h3 style="text-align:justify;">Her vision and thoughts</h3>Ghazal Alagh's vision extends beyond the realm of business; it is about creating a positive impact on the lives of individuals and the environment. Her journey as an entrepreneur is fuelled by a commitment to offering safe, natural products for families across India. The inception of Mamaearth, under the umbrella of Honasa Consumer Ltd., stems from a desire to build a better world for her children and countless others.Ghazal believes that the road to success is not a linear path but a journey filled with hurdles, challenges, and relentless hard work. She acknowledges that criticism often outweighs congratulations in the journey of a successful woman. However, Ghazal emphasizes the importance of seeking help when needed and the significance of family support.<h3 style="text-align:justify;">Ghazal Alagh Net worth</h3>The estimated net worth of Ghazal was more than Rs 148 crore in 2023 according to Financial Express. She is one of the most successful entrepreneurs in Forbes's powerful women list.<h3 style="text-align:justify;">Ghazal's Suggestions for Young Entrepreneurs:</h3>Research and Reflect: Ghazal's four-step process for decision-making involves thorough research and reflection. She advises against rushing and encourages aspiring entrepreneurs to take their time in understanding their goals and paths.Trust Your Gut: Making a list of pros and cons is essential, but Ghazal emphasizes trusting one's gut feelings. Intuition plays a significant role in decision-making.Seek Guidance, Not Decisions: While seeking advice from mentors and advisors is crucial, Ghazal underlines the importance of making personal decisions. External guidance should inform choices, not dictate them.Align with Core Values: The bonus step in Ghazal's process involves weighing compromises and checking alignment with core values and vision. For her, this step is pivotal in ensuring that decisions resonate with personal values.Ghazal's journey, marked by resilience and an unwavering commitment to her purpose, serves as an inspiration for young entrepreneurs, especially women. She encourages them to stay focused on their way, be persistent in the face of challenges, and use setbacks as opportunities for growth. Ghazal's hands-on approach and dedication to quality have been key elements in the success of Mamaearth. Her insights reflect a holistic perspective, emphasizing the need for a work-life balance and self-care in the demanding world of entrepreneurship.Sources &nbsp;Ghazal alagh Wikipedia Link: &nbsp;&nbsp;<a href="https://hi.wikipedia.org/wiki/%E0%A4%97%E0%A4%BC%E0%A4%9C%E0%A4%BC%E0%A4%B2_%E0%A4%85%E0%A4%B2%E0%A4%98">https://hi.wikipedia.org/wiki/%E0%A4%97%E0%A4%BC%E0%A4%9C%E0%A4%BC%E0%A4%B2_%E0%A4%85%E0%A4%B2%E0%A4%98</a><a href="https://startuptalky.com/ghazal-alagh-success-story/#:~:text=Alagh%20%2D%20Awards%20%26%20Recognitions-,Ghazal%20Alagh%20%2D%20Early%20Life,Information%20Technology%20from%20Punjab%20University">https://startuptalky.com/ghazal-alagh-success story/#:~:text=Alagh%20%2D%20Awards%20%26%20Recognitions-,Ghazal%20Alagh%20%2D%20Early%20Life,Information%20Technology%20from%20Punjab%20University</a>.<a href="https://youtu.be/SWrswt9dnoo?si=CYFpNhXET1Vlkic9">https://youtu.be/SWrswt9dnoo?si=CYFpNhXET1Vlkic9</a><a href="https://youtu.be/Rdrgr0sMUBY?si=v_vQAbF8pP-bp12X">https://youtu.be/Rdrgr0sMUBY?si=v_vQAbF8pP-bp12X</a><a href="https://youtu.be/tDdgS_CWKwg?si=I4vG9IVnYEz2RAQ8">https://youtu.be/tDdgS_CWKwg?si=I4vG9IVnYEz2RAQ8</a>Also Read About: <a href="https://www.sovrenn.com/knowledge/from-sleepless-nights-at-railway-platforms-to-billion-dollar-heights-the-journey-of-satyanarayan-nuwal">Satyanarayan Nuwal's journey: From sleepless nights at Railway Platforms to Billion-Dollar Heights</a>&nbsp;

Get insights into Ghazal Alagh's remarkable transformation from facing motherhood challenges to steering Mamaearth to a billion-dollar victory. Dive in today!

Ghazal Alagh: From Motherhood Challenges to Mamaearth's Billion-Dollar Triumph

<h2 style="text-align:justify;">Who is Qimat Rai Gupta?</h2>Qimat Rai Gupta was the former Chairman cum Managing Director of QRG Group and known brand Havells India Ltd. At present his son Anil Rai Gupta, is the Chairman cum Managing Director. Qimat was a true follower of Gandhi ji, he valued humanity and good communication. He strongly believes in building direct connections with his employees and dealers.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h3 style="text-align:justify;">Qimat Rai Gupta Biography: Early Life and Career</h3>Qimat Rai Gupta was born in 1937 in Malerkotla village of Punjab. Coming from a lower-middle-class family, Gupta's childhood was shaped by the quintessence of Indian values and the teachings of the Bhagwad Gita. Due to his family's financial constraints, he was not able to pursue higher studies, so he worked as a Drawing teacher. Despite the modest beginnings, Gupta harboured big goals from an early age, setting the stage for a remarkable entrepreneurial journey.From his teenage years, Gupta had a knack for selling and building connections. He used to help his father, including going to nearby villages to sell kerosene oil, where he gained hands-on knowledge of selling and communicating with customers. These practical experiences laid the foundation for his skills in sales and customer relations.He was a Drawing teacher in Punjab, but he had big dreams from the beginning and wanted to explore new possibilities in his family's trading business.In 1958, Gupta started his career just after passing his schooling exams in Punjab. He ventured to New Delhi, where he laid the foundation for his entrepreneurial career. When P.C. Gupta, his uncle who used to live in Delhi, left town for a business trip, he entrusted Qimat with taking care of his shop. During P.C. Gupta's absence, Qimat not only managed the shop well but also attracted more customers, leading to noticeable growth in the business. Impressed by Qimat's efforts, P.C. Gupta, upon his return, suggested to start a business together.Qimat established "Guptaji &amp; Company," an electrical trading business with his Uncle, with a meagre capital of Rs 10,000 in Bhagirath Place, a wholesale market for electrical goods.<figure class="image"><img style="aspect-ratio:360/484;" src="https://cms.sovrenn.com/uploads/Qimat_Rai_Gupta_cc0cf26b2b.png" alt="Qimat Rai Gupta.png" width="360" height="484"></figure><h2 style="text-align:justify;">The journey towards buying Brand Havells</h2>The pivotal moment in Gupta's journey unfolded in 1971 when he spotted a golden opportunity. He acquired the renowned Havells brand from Haveli Ram Gandhi, proposing a purchase price of Rs 700,000 for both the factory and the company. However, at that time, Gupta was short of the required funds to have the acquisition. By paying less than Rs 700,000 he bought the brand name. The company was not performing well at that time. His move wasn’t just about obtaining a brand; it was about taking the helm of a company with a legacy and transforming it into something even more remarkable.With the acquisition of Havells, Gupta wasted no time in expanding the Company's horizons. He diversified the business beyond switches, venturing into cables, lighting, appliances, fans, and geysers. This strategic move laid the groundwork for Havells to become a comprehensive player in the electrical industry. Today, the Company's market cap is ₹ 97,300 Cr.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Who is Anil Rai Gupta?</h3>Anil Rai Gupta is the current Chairman cum Managing Director of Havells India Ltd. He is the elder son of Qimat Rai Gupta. He joined Havells in 1992 and climbed the ranks under the tutelage of his father. Anil led the acquisition of German lighting system company Sylvania in 2007.Since 2014, Anil has served as the Company's leader. After his father passed away in 2014, he was promoted to the Company's top position, He joined Havells in 1992 as an Executive Director. He graduated from Shri Ram College of Commerce with a bachelor’s degree in Economics. He also graduated from Wake Forest University in North Carolina, US, with an MBA in Marketing and Finance.Anil Gupta is also one of the founders of Ashoka University which is a private liberal arts college in Haryana. He wrote a biography of his father Qimat Rai Gupta, Havells: The Untold Story of Qimat Rai Gupta in 2016. Anil Gupta is married to Sangeeta Rai Gupta. They have two children.<h3 style="text-align:justify;">Acquisition of Sylvania</h3>Havells made a significant leap into the major leagues in 2007 with its acquisition of the global lighting company, Sylvania. This strategic move propelled Havells into the prestigious ranks of the world's top four lighting companies.At the time, SLI was 1.5 times larger than Havells and the fourth-largest lighting firm in the world. Gupta's senior management, which included his son Anil Rai Gupta, nephew Ameet Gupta, and Group CFO Rajesh Gupta, had only a few minutes to decide whether or not to purchase it. In the end, they acquired the Company making it a big success.Today, the Havells portfolio proudly includes renowned global brands such as Crabtree, Sylvania, Concord, Luminance, and Standard.<h3 style="text-align:justify;">Brief about Havells</h3>Havells India Ltd., incorporated in the year 1983, is a Large-cap company (having a market cap of Rs ₹ 97,300 Crore). It is a multi-billion-dollar electrical equipment company with products ranging from industrial &amp; domestic circuit protection switchgear, cables &amp; wires, motors, fans, power capacitors, compact fluorescent lamps (CFL), luminaries for domestic, commercial &amp; industrial applications, modular switches covering household, commercial and industrial electrical needs, water heater and domestic appliances.<h3 style="text-align:justify;">Qimat Rai Gupta Net worth</h3>Qimat Rai Gupta passed away at the age of 77 on November 7, 2014, due to cardiac arrest. His worth was approximately $2 billion at the time of his death. Qimat's wife, Vinod Rai Gupta, is the 4th richest woman in India, according to Forbes. Mrs Rai Gupta has a net worth of around Rs 37,330 crore.SourcesWikipedia&nbsp;<a href="https://en.wikipedia.org/wiki/Qimat_Rai_Gupta#:~:text=Qimat%20Gupta%20was%20married%20to,arrest%20on%207%20November%202014">https://en.wikipedia.org/wiki/Qimat_Rai_Gupta#:~:text=Qimat%20Gupta%20was%20married%20to,arrest%20on%207%20November%202014</a>.<a href="https://www.indiatimes.com/trending/human-interest/qimat-rai-gupta-founder-of-havells-success-story-568320.html">https://www.indiatimes.com/trending/human-interest/qimat-rai-gupta-founder-of-havells-success-story-568320.html</a><a href="https://www.indiatimes.com/trending/human-interest/qimat-rai-gupta-founder-of-havells-success-story-568320.html">https://www.indiatimes.com/trending/human-interest/qimat-rai-gupta-founder-of-havells-success-story-568320.html</a><a href="https://youtu.be/1Zfd66Btv_M?si=YhlCEkjthrJpvS4i">https://youtu.be/1Zfd66Btv_M?si=YhlCEkjthrJpvS4i</a><a href="https://www.businesstoday.in/magazine/cover-story/story/indias-new-business-families-qimat-rai-gupta-18463-2011-04-13">https://www.businesstoday.in/magazine/cover-story/story/indias-new-business-families-qimat-rai-gupta-18463-2011-04-13</a><blockquote>Also Read About <a href="https://www.sovrenn.com/knowledge/vijay-kedia-from-struggles-to-market-master-success">Vijay Kedia: From Struggles to “Market Master” Success</a></blockquote>

Founder Chairman & Managing Director, Havells India Ltd. Qimat Rai Gupta: A trailblazing visionary entrepreneur electrifying success. Discover the inspiring story behind Qimat Rai Gupta's remarkable journey.

Qimat Rai Gupta: The Visionary Entrepreneur Who Electrified Success

<h2 style="text-align:justify;">Who is Vinod Saraf?</h2>Vinod Saraf is the Founder of Vinati Organics. Vinati Organics is a leading manufacturer of speciality chemical and organic intermediaries.In the vast landscape of success stories, one that stands out is the remarkable journey of Vinod, the man behind the Rs 20,000-crore market cap company, Vinati Organics.&nbsp;Vinod's story is not just about business acumen but also about determination, resilience, and the pursuit of dreams against all odds.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h3 style="text-align:justify;">Early Life and Education:</h3>Vinod Saraf was the eldest among seven siblings and grew up in a modest environment. He was born into a middle-class family in Rajasthan, His father was a small trader. At a young age after recognising the transformative power of education, Vinod excelled in his studies. He completed his schooling at a Hindi medium school in his area. At the age of 17, he made everyone proud, he topped the State in his Graduation and also went on to achieve a Gold Medal in his MBA from the prestigious BITS Pilani at the tender age of 19.<h3 style="text-align:justify;">Career Beginnings:</h3>Despite his impressive academic achievements, he faced many challenges in his professional journey, initially facing challenges in securing positions in major multinational corporations due to his Hindi-language background. However, his sharp and calculative mind caught the attention of a textile entrepreneur, marking the beginning of his illustrious career. Over the next decade, Vinod worked in various textile companies, honing his skills before landing a significant role in one of the companies under the Birla Group.He also worked closely with the legendary industrialist Aditya Birla. Vinod Saraf rose, eventually becoming the Managing Director of Mangalore Refinery &amp; Petrochemicals Ltd. (MRPL). His tenure with companies like Grasim Industries, Modern Syntex, and Bhilwara Group showcased his leadership capabilities and strategic vision. Later, it helped him to establish his empire.<h3 style="text-align:justify;">The Entrepreneurial Leap:</h3>At the age of 38, an age when many professionals settle into their corporate roles, Vinod Saraf took a bold step in his life. He was driven by a long-standing dream of entrepreneurship. He decided to leave the security of his position and embarked on the challenging path of starting his own business. In 1990, Vinati Organics was born, with Saraf venturing into the production of Isobutyl Benzene, a niche chemical serving as a raw material for the widely used painkiller ibuprofen.His elder daughter's name is Vinati, she was 6 years old when he entered the entrepreneurial world and he named his venture after her name "Vinati Organics".&nbsp;The journey was not easy because he had no chemistry background, but his determination made his dream true.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h3 style="text-align:justify;">Challenges and Turning Points:</h3>The initial years were challenging, and Vinati Organics faced quality issues that threatened the business. However, a significant turning point came when Vinod's daughter, Vinati Saraf Mutreja, joined the Company. A graduate of the prestigious Wharton University in the United States, Vinati, along with a consultant she brought, worked diligently to overcome the challenges and elevate the Company's status. Today, Vinati Organics stands among the largest ibuprofen manufacturers globally by volume.Vinati Saraf Mutreja is the elder daughter of Vinod Saraf and MD and CEO of Vinati Organics. She joined the Company in 2006 and has been managing the business very well. She is a stalwart in the realm of clean and lean chemistry and has been playing a pivotal role in the remarkable growth of Vinati Organics over her 17-year tenure. She is recognized globally, she earned the title of Young Global Leader by the World Economic Forum and was also featured in Economic Times' 40 under 40. The famous magazine Forbes hailed her as one of Asia's most powerful businesswomen in 2020, while Business Today acknowledged her as one of India's most powerful women in business in 2023. Recently, ET Prime crowned her "Business Leader of the Year".&nbsp;<figure class="image image_resized" style="width:79.49%;"><img style="aspect-ratio:989/1130;" src="https://cms.sovrenn.com/uploads/Vinod_Saraf_with_his_daughter_Vinati_Saraf_Mutreja_c09403faaa.jpeg" alt="Vinod Saraf with his daughter Vinati Saraf Mutreja" width="989" height="1130"><figcaption>Vinod Saraf with his daughter Vinati Saraf Mutreja</figcaption></figure><h3 style="text-align:justify;">Awards</h3>Vinod Saraf's journey, aptly termed humble Beginning to Billionaire, encapsulates the essence of his transformation from humble beginnings to becoming a self-made billionaire. In 2019, he was recognized as the Selfmade Entrepreneur of the Year by HURUN India. In 2023, Forbes India ranked him 96th on its Richest List, and he holds the 1,647th position on the Global Billionaire list.<h4 style="text-align:justify;">Conclusion:</h4>Vinod Saraf's story is not just about financial success; it's about the power of education, resilience, and the courage to pursue one's dreams. From a small trader's family to the helm of a multi-billion-dollar company, Saraf's journey inspires aspiring entrepreneurs. It showcases the limitless possibilities that determination and hard work can unlock.Sources<a href="https://www.newsncr.com/national/vinati-organics-success-story-vinati-saraf-left-the-job-of-ceo-and-formed-vinati-organics-today-he-is-among-the-biggest-billionaires-of-the-country/">https://www.newsncr.com/national/vinati-organics-success-story-vinati-saraf-left-the-job-of-ceo-and-formed-vinati-organics-today-he-is-among-the-biggest-billionaires-of-the-country/</a><a href="https://hindi.news18.com/news/career/success-story-vinod-saraf-graduate-at-17-mba-at-19-and-start-own-company-age-of-4o-turnover-15500-crore-7483523.html">https://hindi.news18.com/news/career/success-story-vinod-saraf-graduate-at-17-mba-at-19-and-start-own-company-age-of-4o-turnover-15500-crore-7483523.html</a><a href="https://www.news18.com/education-career/vinod-saraf-who-left-his-job-to-start-his-own-company-at-40-now-has-rs-15500-crore-net-worth-8569591.html">https://www.news18.com/education-career/vinod-saraf-who-left-his-job-to-start-his-own-company-at-40-now-has-rs-15500-crore-net-worth-8569591.html</a><a href="https://www.timesnownews.com/business-economy/personal-finance/meet-vinod-saraf-graduate-at-17-mba-at-19-and-left-ceo-job-to-start-his-own-company-at-40-his-net-worth-is-1-7-billion-heres-how-he-fares-with-mukesh-ambani-birlas-and-anand-mahindra-article-103173495">https://www.timesnownews.com/business-economy/personal-finance/meet-vinod-saraf-graduate-at-17-mba-at-19-and-left-ceo-job-to-start-his-own-company-at-40-his-net-worth-is-1-7-billion-heres-how-he-fares-with-mukesh-ambani-birlas-and-anand-mahindra-article-103173495</a><blockquote>Also Read About: <a href="https://www.sovrenn.com/knowledge/from-sleepless-nights-at-railway-platforms-to-billion-dollar-heights-the-journey-of-satyanarayan-nuwal">Satyanarayan Nuwal's journey: From sleepless nights at Railway Platforms to Billion-Dollar Heights</a></blockquote>

Vinod Saraf is the Founder of Vinati Organics, a leading manufacturer of speciality chemical and organic intermediaries. He was the eldest among seven siblings and grew up in a modest environment. 

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