How these younger founders began and constructed profitable companies
International Youth Convention (IYD) is observed in 18 countries, including India, and aims to draw attention to cultural issues related to youth.
Unemployment is one such persistent problem among Indian youth. Instead of approaching them by looking for jobs and positions, teens are often encouraged to start their own businesses and create jobs for others.
And many young founders have shown that it doesn’t always take decades of professional experience, failures and learning to set up and run a company.
On this International Youth Convention, read four stories about how these young founders came together to start their own small and medium-sized enterprises (SMEs).
Ashish Shinde – Empire Media
Ashish Shinde, Founder, Empire Media
Supporting small, traditional businesses with digital branding, social media and e-commerce is Ashish Shinde‘s bread and butter.
For him and his friend Rameshwar Jagdale, the motivation behind the founding Empire Media 2017 consisted of offering India’s MSMEs affordable and bespoke branding – a service Ashish claims that large digital media companies and MNCs cannot effectively serve the country’s smallest businesses.
According to the young founder, “MNCs offer branding services to larger customers, and their one-size-fits-all approach doesn’t work for MSMEs. There is also a misconception among MSMEs that such services are only intended for modernized, established organizations. “
Ashish’s 15-strong company currently has 18 MSMEs on order and has worked with 45 small business customers in the past. It operates at a time when the effects of the COVID-19 pandemic have turned India’s small business sector on its head.
Read the whole story here.
Yuvraj Bhardwaj, Yashraj Bhardwaj – Petonic Infotech
Yuvraj and Yashraj Bhardwaj
Twins Yuvraj and Yashraj Bhardwaj developed a keen interest in scientific research, technological innovation, and business consulting when they were young 14th. They loved reading research journals, developing research ideas, and learning about innovation.
2017 aged 17th, the two patented their research, using funding from grants, grants, and awards to get started Petonic Infotech, a consulting company.
Petonic Infotech began providing advisory services to companies of all sizes in sectors such as technology, finance, agriculture, manufacturing, F&B, healthcare, and government agencies.
Although the brothers did not disclose the company’s earnings, they claim to have managed and worked on client assets / projects worth $ 860 million to date, adding that their results-oriented business model has been a factor in its success. The medium-sized company with 120 employees also works according to a fixed price model.
Read the whole story here.
Ayush Agarwal, Nhar Gosalia – Mush Textile
Mush founders Ayush Agarwal (left) and Nihar Gosalia (right)
Engineering batchmates and friends Ayush Agarwal and Nihar Gosalia loved discussing business ideas with each other.
Nihar, whose family ran a B2B textile company, realized that bamboo fabric was a relatively unexplored concept in India. When he shared his findings, Ayush, having seen ecommerce sellers grow on Amazon, immediately thought that bamboo fabric would work well on online D2C channels.
“In 2018 we quit our jobs to get started Pulp textile in Ahmedabad and bring our vision for bamboo fabric products to life. We sell bath towels, face towels, bath sets and socks made of bamboo fabric on Amazon, Flipkart, Myntra, Tata Cliq, etc., ”says Ayush.
“In the last fiscal year we had sales of Rs 4 billion and in the last 12 months we had Rs 7 billion. This year we want to reach 12 billion rupees. “
Read the whole story here.
Diwaker Vasistha – Zreyasa
Diwaker Vasistha
When Diwaker Vasistha Returning from Canada after completing his postgraduate studies in Marketing and Project Management, he decided not to join his family’s pharmaceutical company.
His uncle Arun and brother Sidharth came from the pharmaceutical industry and were heavily invested in running Vasistha Pharma in the Gurugram. But Diwaker didn’t want to get into the B2B side of the chemical and pharmaceutical industries.
Instead, he used the existing manufacturing infrastructure and his family’s know-how to manage the Zreyasa, a B2C skin care, wellness and hygiene brand, in 2018 in Delhi. His uncle and brother joined him as co-founders.
He then started selling hand sanitizer to a few corporate customers as well as to end users through retailers, distributors, online marketplaces and the website. Diwaker claims Zreyasa had sales of Rs 4.3 billion in FY2020-21.
Read the whole story here.
