They have a hunger for running their own business; have a high tolerance for uncertainty; are unreasonable in their desire for change; and are consumed with a passion to do something for the society.
The new “middle class” entrepreneurs are, in many ways, more “genuine” entrepreneurs, since most of them are starting out in a field that is much more level than ever, and hence the competitive landscape for them is also much more challenging.
The ones we did not profile. But they also have fire in their belly.
Today, Thyrocare Technologies, the company Velumani founded, is valued by outside investors at Rs 500 crore and has many private equity suitors thanks to the returns.
The RBI's recent figures show a 5% drop in the number of cheques processed in 2008-09, but a smashing 28% growth in retail electronic clearing. And the credit can probably be given to one man: Bikramjit Sen.
He had no clue about the high-technology world of post-production and visual effects when he got into the business together with four friends in 1995. Today, Namit Malhotra's company controls 60 per cent of the Indian market.
His pony-tail with the famed yellow butterfly bow may have gone, but not his chutzpah. Patanjali ‘Patu’ Keswani, 50, Chairman & Managing Director, Lemon Tree Hotel Company, refuses to let his age temper his radical thinking.
West Bengal’s Chief Minister Buddhadeb Bhattacharjee had once upon a time hoped to bring in the big bucks by exhorting a lethargic bureaucracy to “Just Do It”. He failed.
Now is not the best time for bold moves, but don’t tell that to Uday Challu. The audacity of the 47-year-old Founder-CEO of iYogi is coded into his business.
There are people who know what they are going to do in life right in college. Virendra D. Mhaiskar is one of them.
Acquiring Havells for the princely sum of Rs 10 lakh in 1971, he moved up from being a trader in electrical equipment to a manufacturer of switchgear.
The turning point came when McDonald’s India chose Cremica as its sole supplier of sesame buns, liquid condiments, batter and breading.
“With free trade warehousing zones, one European client will double its imports to $6 billion”
They are not yesterday’s start-ups. They are not in the Top 10 listing by size. Taste the thunder of India Inc’s entrepreneurial middle rung.