Bharat Entrepreneurs

Entrepreneurs contribute to the economic growth and help implement latest technologies in the areas of production and service related industries.

Small Industries Development Organization (SIDO) was set up to incubate and encourage start ups with the help of its entrepreneurship development programmes through small industries service centres.

But the exact foundation was bid in 1983 at Ahmedabad in order to create the institutional infrastructure for entrepreneurship development, named as EDII (Entrepreneurship Development Institute of India)

Later Indian Central Government started an organization called National Institute for Entrepreneurship and Small Business Development ( NIESBIID) at New Delhi with a main motto of co-ordinating activities related to Entrepreneurship and Small Business Development.

Some of the Institutes established by the Indian Government are:

1. Rural Entrepreneurship Development (REDI) at Ranchi
2. FICCI - Federation of Indian Chambers of Commerce and Industry

The list of Organizations conducting entrepreneurship development programmes are:

1. Institute of Entrepreneurship Development (IED) in U.P, Bihar and Orissa
2. Management Development Institute (MDI) at Gurgaon, Harayana, near Delhi
3. Small Industries Extension Training institute, Hyderabad
4. Centre for Entrepreneurship Development at Ahmedabad, Hubli
5. Wadhwani Centre for Entrepreneurship Development, ISB
   
6. State Bank of India
7. State Financial Corporations
8. NISIET, Gauhati
9. National Institute of Design, Ahmedabad
10. National Council for Cement Building Materials, Delhi, Ballabgarh, Hyderabad, Patna and Madras
11. National Federation for Industrial co-operatives limited, New Delhi
12. Indutrial Consultancy Organizations
13. Indian Plywood Industries Research Institute, Bangalore
14. New Indo-Danish Tool Rooms - Jamshedpur and Bhubaneshwar
15. Indo-German Tools rooms - Indore, Ahmedabad and Aurangabad
16. Central Institute of Hand Tools, Jalandhar, Hyderabad
17. Central Pulp and Paper Research Institute, Saharanpur
18. Central Machine Tool Institute, Bangalore
19. Central Tool Room and Training Centre, Kolkata
20. Institute for Design of Electrical Measuring Instruments, Bombay
21. Electronic Service and Training Centre, Ramnagar
22. Petroleum Product Development Centre for Glass and Ceramic Industry,Ranchi
23. PROCESS AND PRODUCT DEVELOPMENT CENTRE, Agra, Meerut
24. National Institute for Entrepreneurship and Small Business Development, New Delhi
25. Centre for Improvement of Glass Industry, Ferozabad

Popularity: 20%

Dheeraj Gupta, an MBA in Finance from Symbiosis, Pune once went to meet his friend in London who owned a franchisee of Burger King (2nd largest hamburger fast food chain after McDonald’s). This triggered the idea of an Indianized version of burger. His first venture was Manali Foods, selling Indian sweets abroad. Unfortunately, it ran out of money shortly after its launch due to low margins and short shelf life of the product. After going through various criticism and pain he started Chaat Factory near Malad Station, Mumbai in 2001. With the support of his wife, also an MBA and 4 other employee, he started selling Vada Pao. Mumbai’s most selling snack caught people’s attention with cheap, health and hygienic version of street food. Chaat factory started showing positive results on day one. He then renamed it to Jumbo King. What started from one outlet has now entered into franchise model and boasts of 40 outlets in Mumbai, Surat, Ahmedabad, Baroda, Pune. Its target customers are mainly railways comuters.

Mantra
Rs. 6 vadao pao! Along with some innovative menu which Mumbaikar’s found tempting. How about “diet” vada pao? It also has supportive products (lassi, soft drinks etc.) to add to its sales and revenue.

Growth
Jumbo King holds 20% of market in Mumbai itself. With 40,000 customers every day, Dheeraj Gupta (Managing Director, Jumbo King Foods Pvt. Ltd.) says that the company earns about Rs 18 Crore as against Rs 6 Lakhs in the first year of its operations.

Future
If projections are to be believed then by 2008-2009 it will have an annual turnover of Rs 60 Crore. A highly ecstatic Dheeraj Gupta believes that there is a possibility of 5000 outlets in 8-9 Years. Moving beyond India, he expects this business to generate billion dollars with a capacity of 12-15,000 outlets all over the world.

Innovation. Hunger. Branding -> Dheeraj McDonald

What else can I say… i’m lovin’ it

Reference

• nenonline: Top start-ups of the week
• TiE Entrepreneurial Summit 2006

Popularity: 16%