Key Entrepreneurship Lessons from Stalwarts in India

The largest democracy in the world, India has had recent tremendous economic growth. Its native population is the second-largest in the world after China. India has created a number of billionaire business owners, which is not surprising.

The largest democracy in the world, India has had recent tremendous economic growth. Its native population is the second-largest in the world after China. India has created a number of billionaire business owners, which is not surprising.

India's high levels of income disparity cause a large number of people to still live in poverty, although the nation has a long history of entrepreneurship and wealth development.

1. Dhirubhai Ambani 

"Reach your objectives despite obstacles and turn challenges into opportunities."

Indian billionaire Dhirubhai Ambani (1932-2002) began his career in modesty by selling regional sweets to pious travelers. His company quickly developed, and he moved into sectors like consumer products, information technology, power generation, and logistics. Reliance Industries is currently the largest privately held business in India and is a Fortune 500 firm. According to Forbes, Mukesh Ambani, 65, is one of India's wealthiest individuals and now serves as the CEO of Reliance.

2. Jehangir Ratanji Dadabhoy Tata

Never settle for second best, as the saying goes.

JRD Tata strived for excellence in everything he undertook. There are so many instances that demonstrate his commitment to greatness. Air India was renowned for its punctuality and friendliness during the 1940s and 1950s. JRD personally flew the airline's aircraft once every fifteen days. Jehangir Ratanji Dadabhoy Tata or JRD Tata was born to Indian and French parents in Paris in 1904; he passed away in 1993. He received his flight training in Europe and went on to become the country's first commercial airline pilot. He started out on his own and founded TATA Airlines while working for the TATA group, the family firm, which eventually evolved into the contemporary Air India.When JRD Tata passed away, TATA had approximately 100 separate companies across numerous industries.

3. Nagavara Ramarao Murthy

"Always keep your feet firmly planted"

A 75-year-old Indian businessman named Nagavara Ramarao Narayana Murthy co-founded the IT behemoth Infosys (INFY) with a 10,000 rupee (about a few hundred dollars) initial investment.He is frequently referred to as the "father of the Indian IT industry" and has a net worth of $3.6 billion. He was Infosys' CEO from 1981 to 2002 and its chair from 2002 to 2011. Infosys' market value as of March 2022 was approximately $104.7 billion.

4. Ghanshyam Das Birla

"You learn about business by doing business."

The well-known Indian industrialist Ghanshyam Das Birla (1894–1983) founded his first business in the early 1900s, running a cotton and textile mill. By 1919, Birla's enterprises produced a sizable amount of paper and sugar. The Birla Group was a multi-sector worldwide company by the time of his death.His 54-year-old great-grandson Kumar Mangalam Birla, who currently heads the business, has a net worth of $14.3 billion.