These stories hopefully will inspire you through your startup journey and will keep you motivated.
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| Sameer Gehlaut, Age: 40, Net Worth: $1 Billion |
1) Sameer Gehlaut, one of the young entrepreneurs in India, A graduate in Mechanical Engineering from IIT (Indian Institute of Technology) Delhi in 1994. He worked in US based oil services company Halliburton. After quitting his job at Halliburton he returned to India in 1997 to start a mining business. But instead bought a small securities firm and started online brokerage (India’s first online brokerage company in 2000) with two college friends. His Indiabulls Group was backed by steel tycoon Lakshmi Mittal from the start. He has been the chairman of Indiabulls Group since inception and is the chairman of major Indiabulls companies: Indiabulls Power, Indiabulls Housing Finance & Indiabulls Real Estate. Under his leadership the group has diversified into core economy sectors of Financial Services, Real Estate and Power with combined net worth of US$3.17 billion.
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| Ranjan Pai, Age: 42, Net Worth: $1.8 Billion |
2) Ranjan Pai, started MEMG (Manipal Education & Medical Group) in 2000 in a small rented house near MG Road, Bangalore’s central business district, He has diversified from the family’s not-for-profit education trust, Manipal Academy of Higher Education, and built MEMG, which runs education and health care services. Over a span of 14 years, he has grown his company into a billion-dollar business and currently has revenues of more than Rs 5,000 crore. Nearly 60 percent of its business comes from education. Today, his education business (MaGe) accounts for a bulk of MEMG’s profits, and has established itself in the industry: It owns and operates universities in Malaysia, Antigua, Dubai and Nepal. In India, it offers higher educational, testing and assessment services and corporate and vocation training programmes.
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| Glenn Saldanha, Age: 43, Net Worth: $1.7 Billion |
3) Glenn Saldanha, is the Chairman & Managing Director of Glenmark Pharmaceuticals Limited. Glenn joined Glenmark Pharmaceuticals in 1998 as Director and took over as Managing Director & CEO in 2001. Mr Saldanha holds a Bachelor’s Degree in Pharmacy from Mumbai University and is an MBA from Leonard Stern School of Business, New York University. He has worked for Eli Lilly in the U.S and was a Management Consultant with Price Waterhouse Coopers. He has 15 years of experience in Pharmaceutical Industry. He has been the Chairman of Glenmark Pharmaceuticals Ltd. since May 10, 2011.In May 2014 the company opened a new factory in Switzerland, where it already has a research center, to make drugs for cancer and multiple sclerosis. It’s also building a new factory in the U.S., a market that contributes more than a third to Glenmark’s $1 billion annual revenues.
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| Nirav Modi, Age: 43, Net Worth: $1.5 Billion |
4) Nirav Modi, was born in a Jain family in Palanpur, a town in Gujarat state noted for its diamond merchants. Modi was born in India but grew up and studied in Belgium. He enrolled at Wharton but had to drop out due to financial problems. In 1990, he came back to India and joined Gitanjali Gems, an outfit in Mumbai owned by his uncle Mehul Choksi. He spent nine years learning the intricacies of the trade and expanding Gitanjali’s presence in the US. In 1999 modi decided to start his own venture, with $3 million he had accumulated from his earnings, Modi started Firestar Diamonds. Modi made a splash at a Sotheby’s auction in Hong Kong this year with an 88-carat diamond necklace, which sold for $8 million. In March he opened the first Nirav Modi branded retail store in Delhi with a jewellery line priced at $4,000 and up.
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| Vikas Oberoi, Age: 44, Net Worth: $1.2 Billion |
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| Kumar Birla, Age: 47, Net Worth $9.2 Billion |
6) Kumar Mangalam Birla, is a fourth generation member of the Birla family from the state of Rajasthan. Born on June 14, 1967 in Kolkata and was raised in Mumbai. He is a commerce graduate from the Mumbai University and Chartered Accountant from Institute of Chartered Accountants of India and has an MBA from the London Business School. Kumar Mangalam Birla is the Chairman of the US $40 billion multinational Aditya Birla Group which operates in more than 36 countries across six continents. Kumar Mangalam Birla took over as Chairman of the Aditya Birla Group in 1995, at the young age of 28. Under his leadership the Aditya Birla Group has expanded to Telecom, Software, BPO and other areas while consolidating its position in existing businesses. Under his strong leadership the Group’s turnover has increased tremendously from US $2 billion in 1995 to US $40 billion.
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| Jitendra Virwani, Age: 48, Net Worth: $1.6 Billion |
7) Jitendra Virwani, serves as the Chairman and Managing Director of Embassy Property Developments Limited and he also serves as Chairman of Embassy Group, one of India’s largest and arguably among the finest property developers in the world. He has over 25 years of experience in the real estate and property development sector. Mr Virwani joined the property development business in 1985. He joined the family’s construction business in the year 1986. HE set up Embassy Property Developments in 1993 after breaking away from dad’s construction business. Went on to build IT parks and office towers, with tenants like IBM, Mercedes-Benz, Yahoo and Fidelity. He owns one of India’s largest privately owned riding academies situated in Bangalore and also founded the Stonehill International School, Bangalore in the year 2008, the first school in South India to offer IB curriculum in all grades.
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| Kalanithi Maran, Age: 49, Net Worth: $2.3 Billion |
8) Kalanithi Maran, is an Indian media baron who is the chairman and managing director of Sun Group. He is the son of the Former Union Minister of commerce Murasoli Maran and the brother of India’s former textile minister Dayanidhi Maran. Mr Maran was born on 24 July 1964, and Has an MBA from the University of Scranton. After Returning back to India in 1987, he worked for Kungumam Tamil Magazine owned by his family in the late 1980s. In June 2010, he acquired Spice Jet which was the most profitable airlines in India. While his television channels and newspapers are primarily concentrated in South India, his FM radio stations, DTH service and Airlines are spread across the country. He has won Young Businessman awards from CNBC and ERNST & Young, and Forbes magazine named him the “Television king of southern India”.
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| Rajesh Mehta, Age: 50, Net Worth: $1.1 Billion |
9) Rajesh Mehta, Rajesh Exports, India’s largest manufacturer and exporter of gold jewellery, which Rajesh Mehta cofounded in 1989 with older brother Prashant. Rajesh Mehta is the Chairman of Rajesh Exports Ltd. He set up the country’s first organized manufacturing facility in 1989 at Bangalore. He has an experience of over twenty five years in the functioning and management of jewellery trade and has travelled extensively within India and abroad for establishing a strong network in the industry. Rajesh Exports Ltd (REL) headquartered at Bangalore, is the world’s largest gold jewellery manufacturer and the country’s largest exporter of gold jewellery. The company has its offices in USA, Europe, Middle East and South East Asia. In July the company won a $210 million order from a UAE jeweller. Fortune is also derived from stakes in African gold mines.
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| Gautam Adani, Age: 52, Net Worth: $7.1 Billion |
10) Gautam Adani, was born into a Gujarati Jain family on 24 June 1962 in Ahmedabad. At a young age of 18 he moved to Mumbai with only a few hundred rupees. He started his career working as a diamond sorter at Mahindra Brothers for 2 years and then went on to set up his own diamond brokerage business in Mumbai, India. The trading initiative was a success and he made his first million within a year, at the age of 20. He returned back to Ahmedabad when His elder brother Mansukhbhai bought a plastics unit in Ahmedabad in 1981 and wanted him to run it. He founded The Adani Group in 1988 and today it is a globally integrated infrastructure player with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation, Agri Infrastructure, edible oil & transmission and gas distribution. Gautam Adani is known for his risk appetite. With business experience of more than 33 years, Gautam Adani has led the Adani group from a modest background to create an $8 billion professionally managed empire.
Hope you find this post about ” successful Indian entrepreneurs who started with nothing and then made an empire” useful and inspiring. if you have story like this please share
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