Meet these 5 entrepreneurs who stop their company jobs and constructed profitable companies

Quitting a permanent job can be a risky endeavor, especially given the rise in unemployment due to the effects of the Covid19 pandemic.

Current data from Center for Monitoring the Indian Economy (CMIE) found that the national unemployment rate up 8.32 percent last month of 6.96 percent in July of this year.

Leaving the corporate division can be even more nerve-wracking, as many perceive it as fraught with risk. But India is an ambitious country, and many aspiring entrepreneurs have taken a leap of faith to quit their jobs and start a business.

SMBStory has compiled a list of five founders who made the difficult decision to quit their permanent jobs, stuck with their decision and ultimately succeeded with their companies:

Bharat Kalia – Lifelong Online

Bharat Kalia, Co-Founder and CEO of Lifelong Online

In 2015, sits in his Gurugram office Bain & Company, Bharat Kalia thought about the idea of ​​launching a durable consumer goods brand.

Bharat used the same household appliances as his parents for about 20 to 30 years. And now he was convinced that the consumer goods industry needed a digital redesign.

He felt ready to leave his comfortable corporate job behind and take a plunge into the unpredictable world of entrepreneurship.

“So I decided to make these products myself, according to customer needs and at honest and transparent prices,” he says.

Bharat’s strong convictions led him to quit his job in management consulting and start Online for life in Gurugram in 2015 and brought out the first product – a mixer mill.

Over a five-year period, Bharat has added a wide range of products in the home, kitchen, personal care and lifestyle categories and developed Lifelong Online into a rapidly growing digital durable goods brand

Last year saw the Lifelong online team Rs 40 crore sales in the peak monthsclaimed Bharat.

Read the whole story here.

V Srinivasan – CFO Bridge

CFO Bridge founder V Srinivasan

On his daily morning walk V Srinivasan met founders of SMEs and startups who lived in the same residential complex. Over time, they became friends of hiking.

At that time, Srinivasan was working as a CFO at Bharti Axa life insurance. But during his walk, his new friends told him about the challenges their companies were facing, especially in attracting and hiring top talent in finance.

“They told me that only big companies and firms like the Big Four would visit campuses and hire the best talent. They also said that not all SMEs and startups could match the salaries of the bigger players. Given this gap, I decided to quit my job and start a joint financial governance service for medium-sized companies and start-ups, ”says Srinivasan.

In 2012, he started CFO bridge in Mumbai to provide joint CFO services in the form of accounting, MIS, analytics, business planning, fundraising, tax and more.

Srinivasan claims the organization has worked with over 350 medium-sized companies and startups in manufacturing, services, commerce and other sectors over the years.

Read the whole story here.

Kishore Indukuri – Sid’s Farm

Sid’s Farm founder Kishore Indukuri

Like many of his contemporaries who were born into middle-class families, Kishore Indukuri aspired to study and work in the United States. He managed to make this dream come true and ended up a US work at Intel.

But after six years, Kishore realized that his real passion was farming. His family in India owned land in Karnataka, and Kishore visited the fields with them and met with the farmers.

He says, “I’ve made the decision to quit my job and return to my agricultural roots. When I returned to Hyderabad, I found that there were limited options for affordable, unadulterated milk. I didn’t just want to change something for my son and my family, but also for the people in Hyderabad. “

This inspired him to start his own dairy farm and milk brand. In 2012, he bought 20 cows from Coimbatore and started a dairy farm in Hyderabad. Kishore began delivering milk directly to city consumers on a subscription basis and his business began to grow.

Well the brand called Sid’s farm, delivers milk to over 10,000 customers every day and had sales of Rs 44 billion last year, said Kishore.

Read the whole story here.

Arun Nathani – Cybage Software

Cybage Founder, CEO and MD Arun Nathani

After working for a US manufacturing company for five years Arun Nathani decided to pack his bags and return to India.

Arun’s story began in 1987 when he moved to the United States to complete his Masters, find a job, and settle down there. He graduated from Virginia Polytechnic Institute and State University and found work in Chicago.

But he still wasn’t happy.

“I’m paying the bill for a normal Indian next door who had a long stay overseas. My favorite weekend hobby was talking about going home, ”he says.

Arun claims he was never a visionary who spent his time thinking about how to build a business empire. Today, however, he is the founder and CEO of Pune-based Cybage Software, a technology consulting firm he founded after quitting his US job and returning to India.

6,300 employees Cybage Software provides technology consulting and professional services to global independent software vendors (ISVs) Rs 1,106 crore in sales over the 2019-20 period.

Read the whole story here.

Rahul and Rohit Verma – Frubon

For over 40 years, DD Verma was active in the dairy industry. In addition to establishing Rajasthan’s first private sector dairy under the name lotus, Verma worked for state cooperatives and a dairy and engineering company.

So it was only natural for his sons Rahul and Rohit If they were interested in working in the dairy industry, they would team up with their father.

“Rohit and I worked in the corporate division. However, since we saw our father working with dairy farmers in our childhood, we longed to get into the industry. We didn’t think long before we quit our job. In 2017 we founded FRUBON together with our father – a milk and ice cream brand, ”says Rahul.

By using DD Verma’s extensive experience, network and strong relationships with dairy farming companies and cooperatives, the Bootstrapped company has, according to its own information, scaled itself to 250 companies with over 2,500 farmers who deliver 20,000 liters of milk per day and is now a Rs 36 crore sales company.

Read the whole story here.