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Saga

Parenthood is a beautiful journey, but it can also be incredibly overwhelming. New parents find they have umpteen choices, from the smallest diaper to the biggest stroller, creating confusion. For the longest time, meeting children’s needs depended on their parents, families, and friends. The baby products industry was ripe for a revolution in this disorganized landscape.

A parent with a vision to bring order and ease to the lives of new parents decided to fill this gap. This $2.7 billion powerhouse has revolutionized how parents shop, offering a one-stop solution that caters to every need, from the tiniest tot to the curious toddler.

Curious to know more about this game-changer? Read on…

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From A Parent’s Frustration

Supam Maheshwari, a seasoned entrepreneur, was tired of constantly searching for quality baby products in India, only to be met with limited options.

Frustrated by this lack of options for children, inspired him to create a one-stop solution for all a parent’s needs.

Maheshwari’s first venture, Brainvisa Technologies, an e-learning startup that faced challenges during the dot-com bubble. However, this didn’t deter him.

With his partner Amitava Saha, an experienced entrepreneur, he decided to leverage their expertise to tackle the gap in the Indian baby care market.

Together, they founded FirstCry in 2010, a platform designed to simplify parenting offering a wide range of high-quality baby products.

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A Name That Resonates with Parents

The name “FirstCry” was carefully chosen to capture the essence of parenthood and the brand’s mission to provide everything a baby needs. It resonated with parents looking for a trusted source for their most precious possessions.

Jan 31, 2021

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Innovating Baby Essentials

The Indian parenting landscape was evolving. Nuclear families became more common, and parents sought convenient and trustworthy options.

FirstCry entered the market at the perfect time, offering a wider selection of baby care products.

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In The Baby Retail Market

However, conquering the baby care market was challenging. Over 90% of the market was dominated by traditional, offline retailers.

FirstCry’s initial strategy involved online distribution from warehouses across major cities.

To offer parents even more choices, they partnered with local retailers, bringing FirstCry’s products to familiar neighborhood store.

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Creating Brands That Nutured Children

FirstCry understood that parenthood was more than just buying products. They launched two private labels, BabyHug and CuteWalk, offering high-quality apparel and footwear.

Additionally, they established “FirstCry Parenting,” a vibrant online community where parents could connect, share experiences, and access valuable resources.

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Pioneering Their Way To Success

FirstCry became one of the first online retailers in India to recognize the power of physical stores.

In 2012, they started opening offline stores, allowing parents to touch and feel products before buying. Today, they boast over 400 stores across India, offering an integrated online and offline experience.

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The Heartfelt Gesture

FirstCry goes beyond just selling products. Their “FirstCry Box” initiative highlights their commitment to parents.

This thoughtful program distributes complimentary gift boxes containing essential items to new parents in over 6,000 hospitals across India.

It’s a small gesture with a big impact, strengthening FirstCry’s reputation as a caring brand.

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Stats Tell the Story

FirstCry has grown exponentially, offering a staggering range of over 200,000 unique products from 5,800+ brands. Its physical presence is equally impressive, with over 380 stores across India. 

Beyond products, FirstCry has cultivated a thriving online community of 13 million monthly users, creating a space for parents to connect, share experiences, and access valuable resources.

The FirstCry app has been downloaded over 10 million times, making it the go-to destination for parents in over 125 cities.

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Offering a Complete Baby Care Solution

FirstCry has strategically partnered with renowned personalities and brands to enhance its image and reach a wider audience.

Amitabh Bachchan, a legendary figure in Indian cinema, serves as the brand ambassador, lending his credibility and star power to FirstCry’s campaigns.

The company has also collaborated with Bollywood actress Lara Dutta to launch ARIAS, an eco-fashion brand for children.

ARIAS focuses on creating sustainable and stylish clothing, aligning with the growing demand for eco-friendly products.

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Addressing The Need Gap

The baby care industry is a complex landscape filled with unique challenges. Every aspect requires meticulous attention, from warehousing and logistics to the delicate nature of baby products.

The diverse range of products, from tiny diaper pins to bulky car seats, presents significant operational hurdles.

Moreover, the fragmented market, dominated by unorganized players, adds complexity.

To succeed, businesses must offer a wide range of products, competitive pricing, and exceptional customer service.

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For the Future

FirstCry received investments from SoftBank, Late Sir Ratan Tata, Premji Invest, Mahindra & Mahindra, and TPG Growth, making it a unicorn. 

This financial backing let the company expand its operations, invest in technology, and acquire strategic assets at a $2.7 billion valuation.

Firstcry acquired BabyOye, a leading online retailer of baby and maternity products, to strengthen its market position and expand its product range.

They acquired Oi Playschool to foray into the early childhood education sector.

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Solidified via Quality & Reliability

FirstCry has established a strong foothold in the Indian baby care market, becoming synonymous with quality and reliability.

While it faces competition from online giants like Myntra, Amazon, and local retailers, FirstCry’s robust brand presence and diverse product offerings have enabled it to maintain a leading position.

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Advancing Toward a New Era

FirstCry successfully listed at a 40% premium on the stock markets in August 2024, marking a milestone in its journey.

Its YouTube channel now stands as India’s largest parenting platform, offering support and insights to millions. 

FirstCry plans to expand its reach with 380 new stores PAN India over the next three years, including exclusive brand and multi-brand outlets, and also enter the Middle East.

Come Diwali and home decor became a focus for several households. However, choosing home furnishings, especially curtains, was always mundane. The women focused on finding fabrics that matched the walls, fit the budget, and didn’t demand much thought. 

As tastes changed, people started aspiring to elevate their homes with a premium look. Not many offered premium fabrics, but one company provided what many were looking for—a stunning range of fabrics that made uber-chic possible without hassles.

This company revolutionized the industry, captivating domestic and international markets. It is an Indian brand that now has a staggering 15,000 crore turnover and a global footprint spanning over 65 countries.

Are you curious about the story behind this iconic ‘Made in India’ brand? Read on.

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Into the Unknown

The Arora brothers, Ajay and Sanjay, worked in their family’s business that manufactured affordable imitation silk for women’s wear. Despite their dedication, they struggled to stand out in a fiercely competitive market.

The brothers noticed a growing demand for unique, high-quality fabrics, especially in international markets.

Though demand surged, few brands catered to this need for distinctive home furnishing fabrics. Inspired by this potential, Ajay set out on a transformative journey.

He immersed himself in the European textile industry, attending Heimtextil in Frankfurt and exploring the design houses of Como, Italy.

This international exposure ignited a vision: to create a brand focused on premium home furnishing fabrics—D’Decor. Leaving the family business behind, the brothers embarked on this ambitious venture.

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A Digital Leap

The Arora brothers knew they needed a technological edge to compete globally. So, they invested in state-of-the-art European machinery, to produce high-quality fabrics with incredible precision and variety. 

D’Decor was one of the first Indian companies to digitize its manufacturing process, that led to faster production, reduced waste, and consistent quality.

This blend of traditional Indian craftsmanship and modern technology proved a game-changer, and their designs soon caught the attention of the Indian and international markets.

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Indian Fabrics to Global Fame

Mid-2000s saw D’Decor ready to conquer the world. Their fabrics adorned homes in Europe, the US, and beyond, solidifying their reputation for quality and innovation.

A significant milestone was achieved when D’Decor became the world’s largest producer of curtain and upholstery fabrics, showcasing India’s manufacturing prowess on the global stage.

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The Storm of Recession

The 2008 global recession hit D’Decor hard, with the US market accounting for a significant portion of its sales.

The Arora brothers strategically decided to expand into Europe and India to navigate the recession-led challenges.

This diversification not only boosted their global presence but also created a stable consumer base.

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Consumer Experience

Focused initially on wholesale curtain and upholstery fabrics, D’Decor entered the consumer market in 2010.

This expansion introduced a more comprehensive range of home textiles, including bedding, towels, blankets, blinds, rugs, and wallpaper.

The company acquired its largest distributor and implemented a subscription-based model for sample books and catalogs, eliminating the need for retailers to maintain inventory and streamline its B2C operations.

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From Bollywood and Beyond

Every brand needs a face, and for D’Decor, the perfect ambassador came in Shah Rukh Khan and Gauri Khan.

In 2010, the Khans became the brand ambassadors for D’Decor, bringing the brand into the limelight across India adding a glamorous touch, resonating with millions of households looking to beautify their homes.

Shah Rukh Khan’s image as a global icon helped the brand reach affluent Indians, NRIs and international buyers.

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From Market Fluctuations to COVID-19

No success story is without its fair share of challenges. The global textile market is highly competitive, and keeping up with changing trends and customer demands was challenging.

D’Decor had to constantly innovate to stay ahead and overcome fluctuating raw material prices, shifts in fashion trends, and global economic slowdowns. Another major hurdle was the pandemic.

But there was a silver lining amidst these troubles. With people at home more, there was renewed interest in home décor. D’Decor quickly capitalized on this trend.

They ramped up their online presence, offering customers the convenience of shopping from home.

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Making a Conscious Choice

As environmental awareness grew, D’Decor embraced sustainability. They minimized their environmental impact with eco-friendly practices, from sustainable materials to reduced water consumption.

This commitment earned them a loyal following who valued aesthetics and responsibility.

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A Legacy of Recognition

D’Decor isn’t short on accolades. It’s consistently won awards for export performance and has been recognized by architects and interior designers.

D’Decor is also a tech leader, using automation and digital platforms to optimize production. It was the first Indian textile company to embrace the Automatic Storage and Retrieval System.

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Décor Excellence

D’Decor has embraced advanced technologies to streamline operations and improve efficiency. Automation, performance management software, and digital platforms have been crucial in optimizing production processes.

The company has invested in automated machinery, such as warping and dyeing machines, to enhance productivity and reduce defects. They used real-time inspection and computerized processes to keep a check on quality.

D’Decor was the first Indian textile company to implement the Automatic Storage and Retrieval System (ASRS), showcasing its leadership in industrial automation.

Today, D’Decor is known globally. Their range of products now has bed linens, cushions, rugs, and wallpaper, making them a one-stop shop for home décor needs. With over 1,500 retail outlets worldwide, the brand continues to grow and innovate.

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Charting New Territories

D’Decor Home Fabrics has ambitious plans for the next decade. The company aims to expand its sales network and product offerings within India, targeting new markets such as ready-made and furniture manufacturers.

D’Decor seeks to gain valuable insights and develop a more comprehensive home solution for Indian consumers by replicating its successful partnering strategy with global brands in these channels.

Who didn’t love Diwali as a kid? It was the ultimate blast—literally! Bursting firecrackers with friends and family, homemade Besan Ke Laddu and Chakli, rangolis, and the warm glow of Kandel. And let’s not forget Diwali shopping. All this made the dreadful Diwali ki safai worth it.

Fast-forward to today. The festival of lights is now bigger, brighter, and more extravagant. Homemade sweets have given way to bespoke mithai boxes, DIY decorations for designer lights, and local market shopping to mall-hopping and online shopping. The numbers say it all—Diwali is now a staggering Rs 3.75 lakh crore market.

So, what has driven this explosive growth? Let’s take a look!

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The Roots of Diwali

From Lord Ram, Lakshman, and Sita’s return to Ayodhya after 14 years in exile to Krishna defeating Narkasura, Lord Mahavir’s spiritual awakening, and Goddess Lakshmi’s birth, the five-day fervor has taken over India for different reasons for centuries.

Diwali gained prominence during the ancient kingdoms of India between the 4th and 6th centuries. Early Hindu texts, like the Skanda Purana, mention its significance.

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Kings Blending Traditions

From 1526 to 1857, emperors like Akbar and Shah Jahan participated in Diwali celebrations during the Mughal Empire.

Rajput kingdoms from the 16th to 19th century also enthusiastically observed the festival, blending Hindu and Islamic traditions.

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From Colonial Times

The British influence introduced new elements to the festival, such as Western-style fireworks. Beyond a religious festival, Diwali became a time for social gatherings and community events.

As India gained independence, it became a national festival celebrating rich cultural heritage.

Regional variations, like Naraka Chaturdashi and Kali Puja, showcased India’s diversity.

Businesses and artisans flourished with yearly purchases of new utensils, clothes, and diyas, whitewashing the house, feasting, and exchanging sweets and gifts. 

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Changed The Festival Economy

With the Liberalization, Privatization, and Globalization (LPG) reforms introduced in 1991, people had more disposable income and increased spending power.

The digital revolution of the mid-2000s marked the beginning of an e-commerce era, unleashing a buying frenzy that continues to grow.

As most festival sales now happen online, marketplaces have made total sales of Rs.55,000 crore in just the first week of October.

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During Diwali Shopping Spree

Diwali brings in big sales not just for big brands but also for small and medium businesses. In the 2023 Amazon Great India Festival, SMEs saw a 35% sales jump.

Over 38,000 sellers hit their highest single-day sales, 750 sellers earned crores, and 31,000 made lakhs. With 1.1 billion visits and 80% sales from Tier 2/3 cities, the festival economy has grown significantly online.

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Of Diwali Celebrations

From ‘green’ firecrackers to the humble Sonpapdi making way for Gulab jamun parfait or Kaju Katli changing to chocolate-filled versions, Diwali has modernized, and the celebrations are grander than ever.

Sample this: the sweets market share is more than Rs.1.25 lakh crore. What’s Diwali without gifts?

Right enough, the gifting market is pegged at a whopping Rs 300,000 crore globally, of which India has a share of Rs 200,000 crore, with corporate gifts at Rs 12,000 crore.

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Has Turned Festival of Spending

The splurge will only get bigger in Diwali 2024, with celebrators expected to spend an estimated Rs 18.5 lakh crore, compared to last year’s Rs 3.75 crore. Many households will spend more than Rs 10,000, with 40% on home decor and 38% on fashion and beauty. 

Although the celebrations have changed, Diwali shines bright on businesses, the festival’s true spirit is still about mithai and togetherness!

Remember that iconic Dilwale Dulhaniya Le Jayenge scene? Under the moonlight, Simran and Raj share a sweet moment to break their Karwa Chauth fast. That romance made the festival a nationwide sensation. And it’s been a whirlwind ever since!

See those groups of excited women at the local markets? They’re not just gearing up for Diwali but Karwa Chauth, which is now a glamorous celebration of togetherness, with spa days, glam makeovers, and parties. Karwa Chauth is a massive business opportunity, generating over ₹15,000 crore from clothes, jewelry, and more.

So, how did a day of fasting and praying turn into a festival-sized spending spree? Let’s find out!

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In Mythology & Devotion

For centuries, Karwa Chauth stories have inspired women to observe this sacred festival.

From Queen Veervati (tricked by her brothers into breaking her fast sooner) forcing Yama to bring her husband back to life, Draupadi praying for Arjun’s safety during his penance in the Nilgiris, Karva saving her husband from a crocodile’s jaws, to Savitri bringing her husband Satyavan’s soul back from Yama, these women made praying for your better-half a festival.

Feb 2, 2020

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For Rajput Wives & Families

Observed initially by Rajput women to ensure their warrior husbands’ safe return from battle, Karwa Chauth gradually spread to northern and northwestern India.

As men from these regions served in the Indian Army, other military forces, and the police, their wives adopted the ritual of praying for their protection and well-being.

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Soul Sister Connections

Originally a prayer for husbands’ longevity, Karwa Chauth evolved into celebrating feminine friendships during early marriages. Newlywed brides found solace and companionship in other young wives from their village.

This special bond, known as a kangan-saheli or dharam-behn (soul sister), was strengthened through the Karwa Chauth ritual.

Women would gather to share stories, laughter, and tears. It was a time of camaraderie and support, a reminder of the enduring power of female bonds.

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Glamorous Makeover

After centuries of being a humble, traditional, and religious festival, Karwa Chauth became a glitzy affair after Dilwale Dulhaniya Le Jayenge, Hum Dil De Chuke Sanam, Kabhi Khushi Kabhie Gham and Baghban immortalized this festival onscreen.  
 
K for Karwa Chauth and Ekta Kapoor’s serials! Soap operas followed suit by the mid-and late 2000s. Soap operas brought glamour to every household across India. Not to be left behind, Bollywood stars and wives organized lavish off screen soirees finding mention on Page 3.

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Popularity Boosting Economic Boom

Bollywood’s dazzling portrayal of the festival met urbanization and increased disposable income, making celebrations more elaborate. New clothes, jewelry, cosmetics, festive items — you name it, and women were buying it.

Once a regional tradition, Karwa Chauth quickly caught the entire nation’s attention.

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Devotion in the Digital Age

Selfies flooding social media feeds, influencers sharing festive fashion, Bollywood-inspired outfits, online shopping extravaganzas, and Karwa Chauth-themed events and parties are the rage today.

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Money-spinner Today

Every year, Karwa Chauth marks a money-spinning bonanza for businesses that begin profiting from the previous day.
 
Henna Parties with mehendi artists charging ₹3,100 to ₹11,000 a person for home services. Karwa Chauth has outgrown Valentine’s Day and Black Friday for salons, jewelry, and cosmetic brands. Sugar Cosmetics, for instance, sold ₹4 crores worth of products in one day and ₹75 crores in a month in 2023.
 
Salons offer luxury packages ranging from ₹30,000 to ₹3 lakh, while sales of lightweight diamond and gold jewelry see a 50% surge. With premium gifting options, the business jumped from ₹10,000 crore to ₹15,000 crore in just one year.

In India, festive occasions are synonymous with the desire for new jewelry. It’s more than just an accessory; it symbolizes prosperity and tradition, often passed down through generations. Family jewelers monopolized this market for centuries, making it difficult for outsiders to break in.

But then came a revolutionary brand that challenged the status quo. With a commitment to trust, quality, and unparalleled variety, this brand carved its niche worth ₹38,353 Crore in the Indian jewelry market. Today, it’s the first name that comes to mind for anyone seeking exquisite jewelry.

Curious to know how this brand disrupted the industry and became a household name?  Read on.

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A Bold Venture

In 1995, Titan Industries, known for its successful watch business, ventured into the uncharted territory of gold and branded jewelry.

Inspired by international models, Titan launched Tanishq to revolutionize the Indian jewelry market, which traditional jewelers then dominated.

India’s longstanding tradition of gold consumption, with an annual demand of 800 to 975 metric tonnes, presented a promising opportunity for Titan to capitalize on.

With much anticipation for another success story, the first Tanishq store was inaugurated in Chennai in 1996.

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The Market

Initially, Tanishq believed that 18-karat gold jewelry, less expensive and scratch-resistant, would appeal to Indian consumers and encourage them to purchase larger pieces. However, this assumption overlooked the deep cultural significance of gold in India.

In India, gold is not merely an accessory but a symbol of wealth, status, and tradition. It is often purchased for gifting, investment, and religious ceremonies. The 22-karat purity of gold is considered auspicious and is preferred by many Indian consumers.

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Despite Innovations

Despite its innovations, Tanishq faced years of losses due to low footfall and negative price perception.

While well-intentioned, the company’s initial focus on 18-karat gold did not resonate with Indian consumers’ deeply ingrained preference for 22-karat gold.

Between 1996 and 2000, Tanishq’s cumulative losses mounted to over ₹150 crores for nearly half a decade.

This financial strain put the jewelry business on the brink, leading to serious discussions about its future.
The future of Tanishq hung in the balance.

Ratan Tata, recognizing the need for a fresh perspective, entrusted Xerxes Desai with the crucial decision. Desai’s strategic brilliance led to a pivotal shift, aligning Tanishq’s offerings with Indian consumer preferences. This decision paved the way for the brand’s remarkable success.

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A Game-Changer

Tanishq’s introduction of the Karatmeter, a device for testing gold purity, proved to be a turning point.

This innovative tool instilled trust in consumers, who had long been skeptical of traditional jewelers.

The Karatmeter’s accuracy and reliability helped Tanishq gain market share and establish itself as a trusted brand.

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Building Trust

To further strengthen its reputation, Tanishq launched the “Impure-to-Pure” program.

This initiative allowed customers to exchange their old, impure gold jewelry for pure 22-karat gold at a competitive price.

This program boosted customer loyalty and solidified Tanishq’s reputation as a reliable and ethical jeweler.

The brand’s renewed focus on innovation, quality, and customer satisfaction eventually led to profitability. In FY 2000-2001, Tanishq achieved a significant milestone by turning a profit.

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Scaling up the Portfolio

Tanishq launched sub-brands like Zoya and Mia to cater to a wider range of customers.

Zoya offered luxury jewelry, while Mia targeted younger women. Rivaah focused on wedding jewelry, while Mirayah catered to women under 40.

Raga—the only women’s brand of watches aesthetically designed as jewelry—Titan mastered the art of winning women’s hearts and their partners’ wallets!

Tanishq further diversified with Aveer, its first line of products for men. By offering a wider range of products, Tanishq solidified its position as a leading lifestyle brand.

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Tanishq Brand Ambassadors

Tanishq has always committed to empowering women and celebrating them. Its brand ambassadors reflect its ethos of strength, resilience, and inspiration.

The timeless actress Deepika Padukone has been associated with Tanishq since 2015. Other brand ambassadors, such as Mithila Palkar, Deepika Kumari, Manika Batra, Pooja Rani, Navjot Kaur, and Rani Rampal, have all been the faces of Tanishq’s campaigns.

To strengthen its presence in the south, Tanishq signed South Indian actress Nayanthara as its brand ambassador, which helped it connect with a new audience and solidified its position in the Indian market.

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For Continued Success

Tanishq’s journey extended beyond India’s borders. 2007, the brand ventured into the US market, aiming to appeal to mainstream American women.

While the initial store faced challenges, Tanishq’s commitment to quality and design remained unwavering. The brand’s re-entry into the US market in 2023 as a franchise store marked a significant milestone in its global expansion.

Tanishq’s acquisition of CaratLane in 2016 strengthened its digital presence and expanded its reach in the online market.

The brand’s success is manifested not only in its annual revenue but also in its stock performance. From a modest ₹2 in 2003, the stock price surged to ₹2700, illustrating the tremendous growth and investor confidence in the brand.

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Of Innovation and Excellence

Tanishq’s journey has been a series of strategic moves that have solidified its position as a leading jewelry brand.

The company’s collaborations with Bollywood films like “Jodhaa Akbar” and “Padmaavat” showcased its design prowess, resonating with the masses.

These strategic partnerships and Tanishq’s commitment to quality and innovation have driven significant growth.

2019 Tanishq contributed 86% of Titan’s sales, becoming the largest branded player in the competitive Indian jewelry market.

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A Rising Star

Tanishq’s success has propelled Titan to new heights. The same year, Titan became the second-largest Tata company by market capitalization, surpassing many industry giants.

This achievement is a testament to Tanishq’s exceptional performance and ability to innovate and adapt to changing market dynamics.

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For a Dazzling Future 

The Company is committed to expanding its Tanishq footprint across India. By the end of FY24, it plans to add 14 more stores, building upon the 30 stores opened in the past nine months.

With this expansion, Tanishq aims to reach 410 stores in India by the end of FY24.

Tanishq plans to expand its international presence, targeting approximately 50 jewelry stores globally by FY27. This expansion will complement the 14 US, UAE, Qatar, and Singapore stores.

While the Indian jewelry market offers immense growth potential, they are being cautious about expansion.

By maintaining a steady pace of 40-50 stores per year, Tanishq aims to ensure sustainable and profitable growth.

We all want to look perfect during festive seasons like Navratri. Nine days of celebrations can take a toll on our wallets, right? But it’s not just during Navratri—finding quality beauty products at affordable prices is a daily struggle for many. Despite India’s vast market, the variety still falls short compared to international standards.

Until one visionary woman decided to change the game and establish a ₹571.90 billion empire where quality didn’t come at a premium, read on to discover her inspiring journey.

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With A Leap of Faith

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The Early Days of Setting up

Nykaa, meaning “heroine” in Sanskrit, was born out of Falguni’s passion for beauty and her vision to create a platform that offered quality products and a seamless shopping experience.

Starting with just three employees in her father’s small office, Nykaa quickly gained traction by fulfilling 60 orders in its early days. Prioritizing quality, the company initially offered products from 200 brands, specializing in cosmetics, skincare, and haircare.

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A Unique Selling Proposition

As a newcomer, Nykaa needed to stand out from established players like Myntra and Ajio. Its unique selling point was a commitment to quality and authenticity.

While others often sold discounted, low-quality products, Nykaa focused on offering genuine full-price items.

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Team Attrition & Tech Glitches

The company had its share of initial setbacks. The founding team faced burnout and attrition, with several members leaving within the first year. Technical difficulties plagued the website, which struggled to handle even a modest influx of orders.

The system would crash on hitting the 100th order. The absence of an enterprise resource planning (ERP) system further complicated these challenges.

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Early Hurdles

Despite these obstacles, Nykaa persevered. By investing in marketing and improving its technology infrastructure, the company was able to overcome these hurdles and experience significant growth.

The turning point came in August 2013, when Nykaa participated in the Google Online Shopping Festival and saw a surge in orders, reaching approximately 1,000 per day.

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Nykaa’s Unconventional Path

While many e-commerce players adopted a marketplace model, Nykaa opted for an inventory-based approach, ensuring better product availability and quality control.

The company also resisted the trend of brand-funded sales, prioritizing customer satisfaction over short-term gains. Nykaa believed in passing discounts directly to consumers rather than relying on brands to subsidize sales.

Another strategic decision was to avoid the popular “beauty box” model, which offered curated selections of products. Nykaa focused on providing a wider range of products and empowering customers to choose favorites.

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A Blend of Experience and Youth

Nykaa’s success can be attributed to its diverse team, which includes experienced professionals and young talent.

The company’s younger members, who grew up immersed in social media, understood its power and leveraged it effectively. This digital-first approach played a crucial role in Nykaa’s marketing strategy.

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As a Marketing Tool

Nykaa recognized the importance of educating its audience. The company-built trust and credibility among its customers by creating informative content and leveraging influencer marketing.

This educational approach proved successful in driving sales, especially for more complex products.

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Expanding Horizons

2015 saw Nykaa open physical stores alongside its online platform to boost customer engagement and accessibility.

Recognizing the fashion market’s potential, Nykaa Fashion quickly gained traction, with its GMV growing by an impressive 256% in just two and a half years and unique transacting customers reaching 1.3 million.

Expanding its offerings to include kids’, men’s, and home products, Nykaa Fashion solidified its lifestyle brand status. It now features over 1,500 brands, including five of its own.

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Challenges & More

The COVID-19 pandemic presented significant challenges for Nykaa. Despite facing a revenue decline during the initial months, Nykaa remained resilient and adapted its strategy to meet the changing needs of its customers.

To mitigate the impact of the pandemic, Nykaa introduced hyperlocal deliveries for essential goods. This strategic move helped the company maintain its customer base and explore new revenue streams.

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Of Company Performance

By July-September 2020, Nykaa began to see signs of recovery. The company’s performance continued to improve, culminating in a strong quarter from October to December.

However, the supply chain constraints limited revenue growth during this period. The pandemic did not deter Nykaa’s growth ambitions.

Despite the challenges, the company pursued an initial public offering (IPO). After a rigorous process that took nearly a year, Nykaa successfully listed on the stock market in November 2021.

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A Successful Listing

Nykaa’s IPO was a resounding success, with shares being oversubscribed 82.5 times. The company’s shares debuted at ₹2,001, representing an 80% premium over the issue price. This strong listing reflected investor confidence in Nykaa’s future.

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Post-IPO Challenges and Triumphs

Following the IPO, Nykaa faced challenges related to customer acquisition costs, which led to a 95 percent decline in net profit at ₹1.2 crore for the September-ended quarter compared to ₹27 crore in the year-ago quarter.

However, the company remained focused on long-term growth and continued to invest in marketing and expansion.


In FY23, Nykaa’s operating revenue reached INR 5,144 crore, with a small profit of INR 21 crore. The company’s growth trajectory continued in FY24, with operating revenue reaching INR 6,386 crore and a profit of INR 40 crore.

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In the Indian Business Landscape

Notable achievements mark Falguni Nayar’s entrepreneurial journey. Under her leadership, Nykaa has gained recognition for its innovative approach and disruptive impact on the beauty and fashion industry.

The company’s impressive performance is evident in its stock market surge, with returns on investors’ capital reaching 96%, propelling it into the exclusive unicorn club. In 2022, Falguni was named India’s richest woman by the IIFL Wealth Hurun India Rich List.

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Nykaa’s Vision for the Future

The company’s future focus on expanding its multichannel reach, blending the best of online and offline shopping. Nykaa aims to double its physical store count from 187 to 400 by 2027.

Nykaa’s fashion vertical is also poised for significant growth. The company expects this segment to expand by 2.5-3 times over the next three years, reflecting the increasing demand for fashion products and accessories.

Remember those carefree college days, filled with secret parties and unforgettable “Tu mera bhai hai!” moments? Behind it all was a drink that became more than just a beverage—an emotion, an icon, a symbol of friendship.

This powerhouse, reigning over hearts for 70 years, nearly vanished from the market in the mid-2010s. But fate had other plans. With a remarkable 26% increase in exports from March 2023 to February 2024, it reclaimed its crown as the number one in its category.

Read on to relive the good ol’ days with India’s beloved national drink!

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In Kasauli, Himachal Pradesh

It began in 1855 when a Scotsman, Edward Abraham Dyer (the father of Jallianwalla Bagh massacre-man Colonel Reginald Edward Dyer), spotted the demand for cheap beer among British soldiers and founded the Kasauli Brewery and Distillery.
 
The brewery changed hands, with H G Meakin acquiring it in 1937 and Narendra Nath Mohan two years after India’s independence in 1949. It became Mohan Meakin Breweries and expanded to Mohan Nagar, Ghaziabad.

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Of Old Monk, the Legend

A trip to Europe sparked a legendary story. Ved Rattan Mohan, son of the renowned Mohan Meakin owner, was captivated by the serene Benedictine monks.

Their monastic traditions, dedication to quality, and commitment to creating unique and flavorful beverages, liqueurs, and herbal spirits left a lasting impression on him.

Mohan didn’t copy a specific recipe from a particular monastery but adapted the general principles of monastic brewing.

He experimented with flavors and ingredients, combining his newfound knowledge and his understanding of brewing techniques.

The result was a truly unique spirit. Old Monk, a rich rum aged for seven years and infused with caramel, vanilla, and spices, was introduced to India on December 19, 1954. It was a revelation, a taste of Europe brought to the heart of India. And so, a legendary spirit was born.

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To Popularity

Old Monk quickly became the go-to choice! Its nearly 50% alcohol content appealed to the brave army and navy personnel.

Military canteens or college hostels, the value for money and smoothness had everyone swearing by the rum.
 
Every table found its staple in Old Monk, which became synonymous with Indian rum culture by the 1970s.
 
Ved Rattan Mohan passed away in 1973 (at the age of 45), and his brother, Retd Colonel Brig Kapil Mohan, became the face of Old Monk..

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The Golden Age

Old Monk was the undisputed king in the Indian spirits market until 2002, leading the rum and branded spirits categories. Its closest rivals, Bagpiper whisky and McDowell’s Celebration Rum lagged—the latter by 2:1 in sales.
 
Foreign markets weren’t far behind. They lapped up the strong, affordable, and flavorful rum, especially in countries with a sizable Indian population.
 
Despite fierce competition from heavily marketed international brands, Old Monk maintained its reputation as a modest yet premium rum. Its popularity was so strong that its total retail value reached $240 million.  

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After Economic Liberalization

The 1990s brought economic liberalization and opened India’s liquor market to foreign brands like Bacardi, shaking up Old Monk’s supremacy.
 
Premium whiskies gained popularity, and McDowell introduced Celebration Rum, pricing it at just 20% more than the ‘buddhha sadhu.’ Who wouldn’t want a premium drink at a fraction of the cost?  
 
As Celebration Rum edged out Old Monk by less than 1.5 million cases, it marked the beginning of Old Monk’s decline.
 
Radico Khaitan’s Contessa also overtook Old Monk as the top-selling brand at army canteens, a blow to Old Monk’s loyal customer base.

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Takes the Lead

2010s saw Celebration Rum’s 11 million cases outsold Old Monk’s 3 million. Their profits plummeted from Rs 2.5 crore (2005) to a loss of Rs 20 crore (2014).

This decline was because Old Monk’ did not revamp its brand and distribution strategy and refused to form strategic partnerships.

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For Old Monk Rum

Old Monk had a brief glimmer of hope in 2015 when it recorded a profit of Rs 3 crore. However, its financial woes persisted. The brand was on the brink of disappearing by 2017.

Kapil Mohan’s passing in 2018 marked the end of an era, but the love for Old Monk remained strong.

Under new leadership, Mohan Meakin revitalized the brand with innovative strategies. A ready-to-drink range in various flavors was introduced to compete with Bacardi Breezer and attract younger consumers.

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To Taking the Control Back

Premium varieties like Old Monk Gold Reserve and Old Monk Supreme challenged international brands, were successfully launched demonstrating the brand’s enduring appeal.

Besides the new additions, a revamp in the distribution strategy renewed the interest in the brand.

Sales shot up to 8 million units in a year in 2020 when the company took control back from third-party distributors, improving Old Monk’s availability and visibility.

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Lives on

Old Monk is special in our hearts and the country’s rum market. The company’s total income increased to ₹17 billion in FY2023 from ₹13 billion in the previous fiscal year.

It’s a $10.3 million export empire, with the US, UAE, and Kenya as its primary destinations among the 22 countries.

To answer Captain Jack Sparrow’s question, “Why’s the rum always gone?” because it’s Old Monk–a traditional, nostalgic, and emotional rum.

This monk has followers, not fans. Raise a toast because legends never die!

We’ve all been there. The gym membership, the strict diet, the unwavering determination to achieve our fitness goals. But the charm of biting into that tempting cake or the irresistible samosa often derails our efforts. The following guilt is a constant reminder of our failures.

Millions of Indians face this daily struggle, a battle against their bodies and minds. This universal experience sparked a life-changing experiment for two brilliant minds. They set out to create a solution, a tool that would empower millions to take control of their health, one calorie at a time, without guilt.

Curious to know how they did it? Read on

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Indian Eating Habits Experiment

Tushar Vashisht and Mathew Cherian, graduates of prestigious institutions like the University of Pennsylvania and MIT, respectively, followed familiar paths—investment banking and tech. Their lives took a surprising turn in 2007 when they both joined Nandan Nilekani’s Aadhaar project.

While working on Aadhaar, Tushar and Mathew became fast friends. They noticed the widespread malnutrition plaguing India. Driven by this awareness, they embarked on a unique experiment.

To understand average Indian eating habits, they limited themselves to living on just Rs. 100 per day, excluding rent.

This experience highlighted a significant challenge—the lack of accurate calorie information for typical Indian foods. This lack became the spark—to bring digital nutrition and fitness services to a billion Indians.

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Breaking Barriers, Building Trust

In 2011, the seeds of HealthifyMe were sown in a modest Delhi farmhouse.

Gaining the doctor’s trust was a key obstacle to the novel calorie counting and food tracking concept at the time.

Tushar resorted to unconventional measures by booking consultations with diabetologists to seek treatment for himself, only to present his business idea.

They initially focused on partnerships with hospitals, granting access to paying customers visiting doctors, which let them demonstrate HealthifyMe’s effectiveness in helping patients achieve their health and fitness goals.

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A Name and Direction

Lacking a defined business model, Tushar and Mathew turned to Kunal Bajaj, a wise friend and mentor, for invaluable guidance, who steered the company during its early stages.

Initially named Caeruz Ventures (derived from Kyros, the Greek god of luck), the company faced a branding dilemma.

The name was difficult to pronounce and lacked relatability. A brainstorming session produced several potential names, from 1clickhealth to menumash.com, before they finally settled on HealthifyMe.

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South and Moving Forward

HealthifyMe’s journey began in 2012, when, thanks to angel funding from Microsoft Accelerator, they found themselves in Bangalore’s bustling tech hub.

With Matthew returning to the United States, Tushar needed a new partner to spearhead the company’s technical development. Sachin Shenoy, a seasoned tech entrepreneur passionate about consumer-facing businesses, stepped up.

Joining as co-founder and head of engineering, Sachin brought his expertise to the table, filling the void left by Matthew’s departure.

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A Cultural Shift

Sachin’s influence extended beyond technology. He championed a “product first” and “engineering first” culture, setting new benchmarks for quality and maturity within the team. This cultural shift would define HealthifyMe’s identity in the years to come.

Tushar took a calculated risk by hiring two interns, Rohan and Sudha, with the promise of employment for the most promising candidate. While Rohan excelled, the company soon faced a financial crisis, forcing a 30% salary cut.

Rising above these challenges, the team remained focused on its goal. It pivoted to an app-based strategy, investing significant effort and resources into building its first Android app.

Mukund, a talented engineer, joined the team and played a crucial role in the app’s development and subsequent upgrades.

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Turning Over a New Leaf

Despite reaching 50,000 users, HealthifyMe struggled to monetize its services.

A corporate wellness conference in Goa provided a much-needed boost. Surprisingly, the founders discovered a strong advocate base for HealthifyMe among the conference attendees. This unexpected validation fueled their determination and provided a renewed sense of purpose.

In June 2014, HealthifyMe moved to a new office and made several strategic hires, strengthening its team and positioning it for future growth. However, the company’s “product first” focus was causing a major roadblock.

This led to a critical financial crisis in July 2014, forcing the company to halt three-month salary payments. Remarkably, no employee left the company, demonstrating their unwavering commitment.

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A Pivotal Shift

The financial crisis forced Tushar to reassess the company’s priorities, shifting the focus from “product first” to “business first.” Through experimentation, they discovered that nutritionist and trainer services were a viable revenue stream.

The Nikhil-Rosh combination was crucial in developing robust sales and service machinery, leading to a monthly revenue of 3 lakhs by the end of 2014.

This newfound ability to monetize attracted the attention of high-net-worth individuals (HNIs). Tushar successfully raised INR 4 crores. With this fresh funding, HealthifyMe launched its iOS app in January 2015 and secured a corporate partnership with Philips four months later.

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Product Excellence

Throughout 2015, HealthifyMe’s revenue continued to climb thanks to rigorous execution and a focus on sales and service excellence.

Swati, a product manager, played a pivotal role in enhancing coach efficiency and elevating the Nutrilab product, which provided micro-nutrient mapping for Indian foods. Her contributions would later be instrumental in HealthifyMe’s AI initiatives.

Recognizing the importance of customer satisfaction, Tushar implemented a process requiring each leadership member to engage in three customer conversations per week.

This direct interaction provided valuable insights and ensured the company remained grounded in customer needs.

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AI to the Rescue

Focusing on profitability, Tushar and Sachin initiated Project “Amadeus,” which aimed to leverage AI to streamline sales and service processes.

This led to the development of “Ria” and “Jarvis,” AI-powered nutritionist and coach assistant tools, along with wearable integrations like Fitbit, YuFit, MiBand, and HealthifyMe fitness brand called RIST.

The app would sync effortlessly with wearable devices, giving instant feedback and tracking to motivate the user. It also built a lively community with fun support and challenges, making the wellness journey exciting and rewarding.

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Wellness Partner

Imagine having a team of experts at your fingertips, ready to guide you to a healthier you. That’s what HealthifyMe offers.

As a comprehensive health and fitness platform, HealthifyMe goes beyond just tracking calories. It’s a lifestyle tracker, a social community, and a personalized coach all rolled into one.

With HealthifyMe, you can connect with like-minded individuals, track your diet and exercise, and receive expert guidance from nutritionists, fitness experts, and yoga instructors—all at a fraction of the cost of traditional services.

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India’s Health Insights

In 2017, HealthifyMe published “India’s Year of Nutrition” and “India’s Year of Fitness,” leveraging its vast dataset. These reports garnered attention from the media and government, leading to policy discussions with Niti Aayog and Prime Minister Modi.

HealthifyMe’s “Orbit Change” initiative yielded substantial growth later that year. By January 2018, it had surpassed 1 million MAUs and 4 million lifetime users and achieved INR 2 crore in monthly consumer revenue.

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In Challenging Times

During the COVID-19 pandemic, HealthifyMe stepped up to support its users. The company introduced a free Immunity Assessment Test on the app and free consultations for those with low immunity scores.

Additionally, HealthifyMe offered home workouts, daily live workouts with coaches, and trackers for sleep, smoking, and hand washing.

These services, accessible under the “Immunity Tab,” were instrumental in helping users stay healthy and resilient during the crisis.

HealthifyMe’s efforts were widely recognized and appreciated, with many users expressing gratitude for the support provided during this challenging time.

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Trust & Standing Tall  

With over 10 million downloads and a user base of 25 million, the app has become a trusted companion for millions seeking a healthier lifestyle.

Backed by $130.25 million in funding raised across 13 rounds, HealthifyMe offers personalized guidance and support to its users through a network of 1,500+ dedicated coaches.

The app’s exceptional quality has earned it recognition from leading tech platforms. It has a 4.6/5 rating on the Play Store and multiple features from Google and Apple.

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HealthifyMe’s Roadmap

HealthifyMe, ever evolving, has exciting plans in the pipeline. Advanced AI features for personalized nutrition and fitness advice are on the horizon.

New workout plans and expanded local food databases will enhance the app’s capabilities.

The company aims to expand its reach into Southeast Asia and the Middle East to cater to a global audience, adapting its offerings to suit regional preferences.

From seamless fitness tracking with Fitbit and Garmin to corporate wellness programs and dietary supplement recommendations, HealthifyMe is committed to providing a comprehensive wellness experience.

Summer vacations were often spent in the cherished company of our grandparents. Their homes brimmed with endless love and delectable treats, not forgetting the timeless tales they wove. From the epic sagas of the Mahabharata and Ramayana to the timeless wisdom of Panchtantra, their storytelling prowess was unparalleled.

Returning home meant returning to our dry textbooks that missed the magic of the tales we had heard. One man identified this gap and emerged with his Pandora’s box of stories, reviving the art of storytelling and transforming it into an industry worth over 100 million dollars.

Are you eager to discover who this man was and the profound impact of his creation? Read on…

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Behind the Comics

In the bustling city of Bombay, a young man named Anant Pai, affectionately known as “Uncle” Pai, harbored a dream. Hailing from the quaint Karkala town near Mangalore, Pai deeply loved Indian culture.

After completing his physics and chemical technology studies, he joined the Times of India, where his passion for storytelling eventually found its voice as the head of Indrajaal Comics.

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Sparking An Idea & Quest

One fateful evening in 1967, while watching a quiz show on Doordarshan, Pai was astonished to see participants struggle with questions about Indian mythology.

It sparked an idea: he dreamt of a world where children could learn about their rich cultural heritage through captivating stories.

Determined to bring his vision to life, Pai approached the Times Group to create a comic book series based on Indian mythology and history titled Amar Chitra Katha (ACK).

Unfortunately, his idea was rejected. Undeterred, Pai continued his quest, eventually finding support from G.L. Mirchandani of the India Book House (IBH).

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Of A Cultural Renaissance

In February 1970, ACK launched its inaugural title, Krishna. The vibrant illustrations and captivating narratives brought to life the epic tales of Indian mythology.

Over the next eighteen months, a series of captivating stories, including Shakuntala, The Pandava Princes, Savitri, and Rama, captivated readers of all ages.

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Popularity & Adoption

While initial sales were modest, ACK’s popularity soared in the mid-1970s.

Word-of-mouth played a crucial role as parents discovered the educational value of these comics.

Strategic marketing initiatives, such as offering annual subscriptions and promoting sales during festive seasons, further fueled ACK’s growth.

By the late 1970s, ACK was selling over 3.5 million copies annually.

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Education & Cultural Lifeline

Through its captivating narratives and vivid illustrations, ACK has brought epic tales of Indian mythology, the legends of historical figures, and the timeless wisdom of ancient folktales to life.

For millions of readers, these stories have been a gateway to understanding and appreciating the rich cultural fabric of India.

In an era of economic turmoil and institutional breakdown, ACK offered a much-needed respite. For just 75 paise, parents could provide their children with a culturally rich and value-based education.

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A Legacy of Storytelling

At its zenith in the mid-to-late 1980s, Amar Chitra Katha and “Uncle” Pai had become household names.

Its success spurred Pai to launch other children’s comics, such as Tinkle and Brainwave, further solidifying his legacy as a pioneer of Indian children’s literature.

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Creating Iconic Characters

Within a year of its launch, Tinkle, ACK’s general children’s comic, was inundated with stories from aspiring young writers. The editorial team faced the daunting task of sifting through countless submissions.

Unlike the stories featured in traditional ACK titles, which were based on historical characters, Tinkle embraced a more creative approach, giving rise to iconic characters like Suppandi and Shikari Shambhu.

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To Indian Culture

Amar Chitra Katha’s enduring appeal lies in its seamless blend of entertainment and education. Each story is a gateway into India’s rich cultural heritage.

Through vibrant illustrations and carefully crafted narratives, children learned about figures like Krishna, Buddha, Akbar, and lesser-known heroes and heroines from India’s vast history.

ACK played a crucial role in instilling a sense of pride and identity in its readers. When foreign comics dominated the scene, ACK offered a refreshing alternative, celebrating Indian culture and values.

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Two Generations Appreciating Culture

Amar Chitra Katha was a constant companion for many who grew up in the 1970s, 1980s, and 1990s. These comics weren’t just a source of entertainment; they were a vital part of growing up.

They taught children to appreciate their heritage, understand complex moral values, and see the world through the lens of Indian culture.

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To Teachers & A Parental Favorite

Parents loved ACK because it was a way to pass down their cultural knowledge in a format their children would enjoy.

Teachers found them valuable tools in the classroom, making history lessons more engaging and relatable. And children, well, they just loved the stories.

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Creating A Linguistic Legacy

Amar Chitra Katha has been pivotal in popularizing Hindi, especially among younger generations.

For many children, these comics were their first introduction to the language, presented in a captivating and accessible manner.

The stories were crafted in simple yet impactful Hindi, nurturing a love for the language and preserving India’s rich cultural heritage.

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Challenges & Change

The advent of television posed a significant challenge to Amar Chitra Katha.

As television gained popularity in the 2000s, comic book sales declined, forcing ACK to rely solely on reprints for several years. This dry spell ended when they released a story on Mother Teresa, marking a new beginning.

ACK also underwent significant changes during this period, including ownership shifts in 2007 and the loss of its founder, Anant Pai, in 2011. Today, ACK Media Pvt. Ltd. is owned by the Future Group.

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Of ACK Comics

Despite these challenges, ACK’s influence remained strong. While new titles were scarce, reprints of older comics continued to be in high demand.

This resilience is a testament to the enduring appeal of ACK’s stories and the cultural value they offer. ACK embraced the digital age to keep pace with the changing times.

Their user-friendly ACK Comics app is available on various platforms, allowing readers to access their favorite stories anytime. They partnered with Amazon, making their comics accessible through voice commands.

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Global Reach

ACK is said to have over 500 comics in 20+ languages, and it has sold more than 100 million copies to date across over 30 countries.

Of these 450 titles, stories from the Mahabharata account for 43 and those from the Ramayana for 36.

Across social media channels, including YouTube, they have a following of 400,000 people, and their app downloads clock in at close to 2,000,000.

It is estimated that India sells five million English comic books annually and around 30 million across all vernacular languages.

The Union Public Service Commission (UPSC) exam, considered one of the top ten toughest exams in the world, has a reputation for making legends. Every year, thousands of aspirants across India dedicate years to cracking this prestigious exam, dreaming of a coveted position in the Indian Administrative Service (IAS).

However, one man conquered the exam in his first attempt and defied expectations by leaving his dream IAS job to pursue teaching and empowering future generations of civil servants.

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Born in the heart of Haryana, Vikas Divyakirti’s academic path began at the modest Saraswati Shishu Mandir in Bhiwani. Even as a young boy, his passion for learning was evident, fueled by a desire to make a meaningful impact on the world.

After completing his primary education, Vikas ventured to the bustling metropolis of Delhi, enrolling in Zakir Husain College. Initially drawn to commerce, he soon discovered a deeper fascination with history that led him to pursue a Bachelor of Arts degree in the subject,

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Vikas’s academic journey transcended commerce and history, leading him to a postgraduate degree in Hindi Literature at Hindu College, Delhi, where he earned his Master of Arts in 1995.

He pursued law at the University of Delhi without stopping there, earning a Bachelor of Laws. His passion for learning culminated in advanced degrees in Hindi literature, including a Master of Philosophy and a Doctor of Philosophy from the same university.

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After completing his studies, Vikas began an academic career as an assistant professor at Delhi University. However, he yearned to contribute to society directly.

The allure of civil service, with its promise of serving the nation and making a tangible difference, drew him in.

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To Succeed

Family and friends’ reactions to Vikas’s decision to pursue civil service were mixed.

While some were supportive, others expressed concerns about the intense competition and the sacrifices involved.

The pressure to succeed and the fear of failure weighed heavily on Vikas.

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A Relentless Pursuit

Undeterred by the challenges, Divyakirti dedicated himself to cracking the UPSC exam. He spent countless hours studying, sacrificing personal time and social gatherings.

The relentless pursuit of success took a toll on his mental and emotional well-being, but he persevered, driven by his unwavering determination and belief in his abilities.

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Clearing Civil Services

Vikas’ strategic approach to studying set him apart from his competitors. Instead of rote memorization.

He focused on understanding core concepts and developed a personalized study plan. His dedication to practice tests and previous years’ question papers honed his time management skills, leading to a remarkable victory.

In 1996, Vikas cleared the UPSC Civil Services Examination in his first attempt, securing an impressive All-India Rank (AIR) of 384. This triumph opened up a world of possibilities for him, paving the way for a career in public service.

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Led To Internal Conflict

Despite his success in cracking the UPSC and securing a prestigious IAS position, Vikas felt conflicted. The bureaucracy, the red tape, and the slow pace of change within the government system frustrated him.

He realized that while he could make a difference as an IAS officer, he could potentially have a greater impact by empowering others to achieve their dreams.

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To Create Change

The decision to leave the IAS took work. It was a significant career change, a departure from the path he had worked so hard to achieve.

His decision was met with mixed reactions. Some admired his courage and vision, while others questioned his motives.

Critics argued that he was abandoning his duty to serve the nation and pursuing personal gain.

However, Vikas remained steadfast in his belief that he could make a greater impact by empowering others to achieve their dreams.

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Drishti IAS

With a clear vision, Vikas Divyakirti embarked on a new journey. He founded Drishti IAS, a coaching institute dedicated to helping UPSC aspirants achieve their goals.

He faced immense pressure from family, friends, and colleagues to stay in the government and climb the ranks, but Vikas refused to succumb to societal expectations.

He was determined to prove that his decision to establish Drishti IAS was not a mistake but a strategic move to create a sustainable impact on the lives of UPSC aspirants.

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To Build A Legacy

The initial days were challenging, as Vikas had to build a reputation and attract students. He started with a small team of experienced educators focusing on personalized guidance and mentorship to his students.

One of Drishti IAS’s key USPs were its innovative teaching methods, personality development, and current affairs training. Vikas and his team emphasized conceptual understanding over rote learning.

They incorporated interactive sessions, case studies, and mock tests to prepare students for the diverse challenges of the UPSC exam.

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Popularity

Drishti IAS’s growth was nothing short of meteoric. Word of mouth played a significant role in its success.

As more students achieved their UPSC dreams its reputation spread far and wide.

The institute’s innovative teaching approach became its hallmarks, making it one of the most sought-after coaching institutes for UPSC aspirants in India.

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Digital Influence

In November 2022, he started his YouTube channel, which currently has over 3.75 million subscribers. Vikas’ influence has transcended physical classrooms, reaching millions through his informative videos.

In addition to his main channel, Vikas Divyakirti manages multiple other YouTube channels, including Drishti IAS, Drishti IAS English, Drishti Judiciary, Drishti PCS, Drishti Teaching Exams, Drishti IAS Shorts, Drishti CUET Hindi, Drishti CUET English, and Drishti Welfare Foundation.

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For Hindi-Medium Students

Vikas’s love for the Hindi language, deeply rooted in his family’s literary heritage, has made him a staunch advocate for Hindi-medium students.

His passion for preserving and promoting Hindi culture has fueled his efforts to ensure that students from Hindi-speaking backgrounds have equal opportunities to excel in their academic pursuits.

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Holistic Coaching

Drishti IAS is more than just a coaching institute; it’s a platform for nurturing the next generation of civil servants.

A prime example is Divya Tanwar, a young woman from Haryana. Despite facing unimaginable challenges from a young age, she pursued the UPSC civil services exam.

Under Vikas Divyakirti’s guidance, she cleared the exam on her first attempt, getting an All India Rank of 438, making her one of the youngest IPS officers in India at 21.

Unsatisfied, Divya reappeared for the exam the following year, securing an AIR of 105, fulfilling her dream of becoming an IAS officer at age 23.

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The Power of Experience

Mentorship plays a crucial role at Drishti IAS. Students have access to experienced faculty members who provide guidance, support, and motivation throughout their preparation journey. The institute also fosters a supportive community where students can learn from each other and share their experiences.

In 2023, he was nominated for the Padma Awards in recognition of his contributions to education and civil service preparation in India.

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Future Leaders

By focusing on holistic development, Drishti IAS aims to produce well-rounded individuals who are academically qualified, compassionate, empathetic, and dedicated to public service.

Can you guess who this extraordinary individual is?

The air is thick with the scent of incense and the rhythmic beats of traditional music. As the sacred month of Shravan draws to a close, the world prepares to embrace the grand spectacle of Ganesh Chaturthi. This 11-day celebration is more than just a religious observance; it is a cultural extravaganza like none other. But beyond the festivities lies a staggering economic impact. 

Did you know that the Ganesh Chaturthi celebration generates a staggering revenue of ₹1 lakh crore in Mumbai alone? And given its global appeal, the scale is truly mind-boggling. So, how does this grand spectacle measure up?

Let’s uncover the magic behind Lord Ganesha’s growing influence.

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Tracing the Origins

 If you thought Lokmanya Tilak started the Ganesh Chaturthi celebrations, think again. The festival’s origins can be traced back to ancient India.

References to Lord Ganesha appear in the Rigveda, one of Hinduism’s oldest sacred texts.

Even historical records suggest that the earliest Ganesh Chaturthi celebrations date back to the Satavahana, Rashtrakuta, and Chalukya dynasties.

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Kingly Legacy

The festival gained prominence during the Maratha rule, with Chatrapati Shivaji Maharaja championing it to foster cultural unity and nationalism.

The Peshwas, his successors, continued this tradition, making Ganesh Chaturthi a family celebration. Even after their rule ended, the festival remained a private affair in Maharashtra.  

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Tilak’s Vision: A Public Celebration

During British colonial rule, Tilak saw the festival as an opportunity to unite Hindus and instill national pride. 

Defying the British restrictions on public assemblies, he turned Ganesh Chaturthi into an event for the Hindu community. Lokmanya’s efforts paid off, turning the celebrations into a national festival. 

The intricately crafted Ganesha idols are the centerpieces of these celebrations. From the towering 42-foot idol in Khetwadi, Mumbai, to the much-venerated one in Lalbagh, Parel, these idols attract millions of devotees worldwide.

It is enthusiastically celebrated not only in Maharashtra but also in Tamil Nadu, Karnataka, Andhra Pradesh, and many other parts of India.   

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Beyond Borders

The appeal of Lord Ganesha extends far beyond India’s shores.

In countries like the United States, the United Kingdom, Canada, and Australia, vibrant Indian communities have brought this beloved festival to international prominence. 

Temples and cultural organizations host grand celebrations featuring traditional music, dance performances, and communal feasts.

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A Pan-Asian Phenomenon

Across Asia, Ganesha is worshipped with equal fervor. He is embraced as a cultural icon in Nepal, Thailand, China, Cambodia, Japan, and Afghanistan. 

Each region has its unique interpretation of Ganesha, reflecting its cultural nuances.

His representations vary across these countries, from the elephant-headed duo in Japan to the human-headed Ganesha in Cambodia.

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For the Economy

The government’s emphasis on promoting Indian-made products has significantly boosted the local economy during Ganesh Chaturthi. SMEs saw a 35% increase in sales, and industries like idol-making (₹500 crores), tourism (10-15% increase in bookings), and e-commerce (30-40% increase in sales) flourished. 

In Mumbai, the eleven-day Ganesh Chaturthi celebration generated an estimated economic activity of around Rs 1 lakh crore. While official estimates range from Rs 45,000-50,000 crore, independent studies suggest that the Ganesh economy is rapidly becoming as big as Diwali, India’s biggest festival of lights, which generates around Rs 1.5 lakh crore.

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Spending Sprees

The unwavering faith in Lord Ganesha’s power to remove obstacles drives fervent spending during the festival, with an average expenditure of ₹5,000-₹10,000 per Indian.

This devotion translates into a surge in demand for festival-related services, from lavish pandal decorations to personalized gifts, leading to a 53% on-year jump in cities like Mumbai, Pune, and Nashik. 

The retail sector also benefits greatly. The Retailers Association of India predicts a surge in sales of smartphones, laptops, refrigerators, television sets, and FMCG products.

This festive season offers businesses a unique opportunity to capitalize on increased consumer spending and expand their market reach.

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Embracing the Festive Spirit

From eco-friendly initiatives to interactive campaigns, brands have been leveraging the festival to connect with their audiences, going beyond traditional mediums like TV, print, and digital advertising. Out-of-home (OOH) ads now take center stage during Ganesh Chaturthi.

Uber India, for example, crafted a whimsical map featuring Lord Ganesha’s vahana and the mouse, while Pizza Hut blended tradition and innovation by offering modak-flavored pizzas. 

Havells India rolled out a unique OOH campaign, #HavellsKeDeva, featuring 100 designer fans assembled to create a one-of-a-kind Lord Ganesha idol.  

Godrej Aer created a fragrant walkway tunnel at Mumbai’s iconic Lalbaugcha Raja Pandal. This immersive experience and AR photo stations allowed devotees to capture unforgettable memories.

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A Clay Revolution

The vibrant hues of Ganesh Chaturthi, once marred by the environmental impact of PoP idols, have undergone a heartwarming transformation. Biodegradable and artistic clay idols have emerged as sustainable alternatives. 

These idols, like works of art, dissolve seamlessly upon immersion, symbolizing the cyclical nature of life and echoing the core values of Ganesh Chaturthi: light, harmony, and reverence for the environment.

Remember COVID-19? The world stood still, and it disrupted lives for everyone. As lockdowns took hold, everyday activities, including grocery shopping, became challenging. Empty shelves and supply chain disruptions highlighted a pressing need for a faster, more convenient solution.

Little did we know, this crisis was about to inspire a phenomenon that would redefine convenience and speed. A venture that would rise from the ashes of uncertainty to become India’s youngest unicorn startup with a valuation of $5 billion in just three years.

Want to know how? Read on…

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Lockdown to Launchpad

In the heart of Mumbai during the pandemic’s peak, two childhood friends, Aadit Palicha and Kaivalya Vohra, faced a familiar foe—empty grocery shelves. Confined to their homes, the duo witnessed firsthand the difficulties their elderly neighbors faced in procuring essential supplies, which inspired them to explore a potential solution. 

Aadit, no stranger to the startup world, had previously launched GoPool, a carpooling app that succeeded in Dubai. With a thousand registered users, GoPool showed promise, but academic pursuits forced it to take a backseat. 

Both friends had secured admission to Stanford University for computer science. But the onset of the pandemic disrupted their plans, forcing them to reconsider their immediate future.

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A Gap Year, a Problem, and a Plan

Instead of attending Stanford, they opted for a gap year, utilizing the time to address the immediate need they saw in their community. Their first attempt, KiranaKart, aimed to deliver groceries from local stores (“kiranas”) within 45 minutes. 

After three months of intense groundwork, they taught them the ins and outs of managing stock, predicting customer needs, and overcoming delivery hurdles. After ten months, they had to call it quits. The product-market fit wasn’t there, and their parents, worried about their academic future, encouraged them to return to Stanford.

But the entrepreneurial bug wouldn’t die. Aadit and Kaivalya enrolled in Y Combinator’s online program and emerged in April 2021 with a new venture – Zepto. 

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How The Name Was Thought Of

The name “Zepto” is a clever choice. In physics, a zeptosecond is the shortest measurable unit of time, a mere 10 to the power of -21 seconds.

It perfectly embodies their core value proposition—speed. The bold promise was to deliver groceries in under 10 minutes, which was practically unheard of. 

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The Dark Stores Network

Zepto’s magic lies in its strategically located “dark stores” network. Unlike traditional supermarkets, these are essentially mini-warehouses stocked with 6,000 in-demand products within a 1.5-kilometer radius of residential areas. 

This allows for rapid order fulfillment—picking, packing, and dispatching within a minute. Finding cheap locations off the beaten path helps them keep costs low. 

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Delivery Ninjas

The real heroes behind Zepto’s speedy deliveries are the delivery partners navigating city streets on bikes and scooters. Equipped with real-time traffic data and optimized routes, they ensure groceries reach customers in an average of 11 minutes. 

Customers can track their orders from the moment they’re placed, adding a layer of transparency and convenience to the entire process.

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From Seed Round to Unicorn Status

Starting with a modest $730,000 seed round, they quickly gained traction. Investors like Glade Brook Capital, Nexus, and Y Combinator recognized their potential and poured in millions. 

By May 2022, Zepto had reached a phenomenal valuation of $900 million and raised a whopping $200 million. 

In August 2024, they secured another $340 million, pushing their valuation to a jaw-dropping $5 billion – unicorn status in under three years!

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A $10 Billion Market on the Rise 

The pandemic accelerated the online grocery market in India. Zepto and other players carved out a new segment – quick commerce. This blossoming market is expected to reach a staggering $10 billion by 2029 from its current size of $3.3 billion. 

Zepto’s annual revenue is projected to reach $610 million by March 2025, a 150% increase from the previous year. The company is even eyeing profitability within the next few months.

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The Competition Heats Up

Quick commerce in India is a fierce battleground dominated by four major players. Zomato’s Blinkit reigns supreme with 46% market share, followed by Swiggy’s Instamart.

Zepto, with its 20% share, is making aggressive moves, capturing market share from Swiggy.

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Technology & Efficiency

Staying ahead in this fast-paced environment requires constant optimization. Zepto’s tech platform played a pivotal role. Sophisticated forecasting algorithms ensured they stocked the right products at the right time, minimizing wastage. 
Additionally, automation ensured swift replenishment of supplies. Lowering delivery costs was another key concern. Zepto embraced environmentally friendly electric bikes and bicycles for its delivery partners. This not only reduced their carbon footprint but also contributed to profitability.

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Outsmarting The Competition

Unlike many quick commerce startups that succumbed to the funding winter, Zepto thrived. Their secret? Strategic expansion and a cautious approach to cash burn. While some competitors splurged on rapid growth, Zepto prioritized sustainability. 

They strategically focused on strengthening their presence in existing major cities like Mumbai, Delhi, and Bengaluru. This disciplined approach has positioned them well for future growth.

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Present Day: A Flourishing Enterprise

Today, Zepto stands tall as the third-largest quick commerce player in India.

Dispatching approximately 500,000 items daily across ten cities and employing a network of 40,000 delivery partners, they’ve transcended the realm of groceries.

Their offerings now extend to toys, apparel, and more.

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Public Debut & More

With its sights set on an Initial Public Offering (IPO) in the next 18-24 months, Zepto aims for an annualized revenue of $1 billion in the near future.

Their expansion plans include increasing the number of dark stores and further strengthening their delivery network. Additionally,

Zepto Cafe, their new venture offering hot beverages and snacks, has promising prospects. While exploring new avenues, their core focus remains the massive grocery sector, a market they believe dwarfs all others combined.

Phoolon ka taaron ka, sabka kehna hai…” The melody instantly transports us to a world of innocence and sibling love. A simple rakhi, a homemade sweet, and a shagun of Rs. 51 as a gift captured the essence of this cherished festival. But times have changed, and so has Raksha Bandhan.

Today, the festival is a dazzling spectacle of traditions and trends—a transformation as dramatic as a Bollywood makeover. Raksha Bandhan has become a bonafide economic powerhouse, with a staggering ₹12,000 crore spent on rakhis alone in 2023 and FMCG sales touching a whopping ₹5,000 crore.

So when and how did this evolution happen? Let’s take a look.

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Ancient Roots, Sacred Threads

The roots of Raksha Bandhan run deep in Indian history. References to protective threads can be traced back to the ancient Atharvaveda, where they were used in sacred rituals.

From Goddess Lakshmi tying a rakhi to King Bali to Draupadi sharing a piece of her saree with Lord Krishna, there are countless such stories that transformed the simple act of tying a thread into a profound symbol of love and care.

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A Royal Endorsement

Stories of alliances forged and protection sought through the exchange of rakhis are etched in history.

From the strategic diplomacy used by Queen Karnavati seeking help from Emperor Humayun to the tales of Alexander the Great’s wife, Roxana, sending a rakhi to King Porus, the festival has transcended time and borders.

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A Symbol of Unity

Even the visionary poet Rabindranath Tagore understood the true symbolism of rakhi. In the early 20th century, amidst the tough struggle for Indian independence, he made use of rakhi as a unifying force. 

Tagore recognized the power of this ancient tradition to bridge divides and foster harmony between Hindus and Muslims. His use of rakhi as a symbol of unity was a testament to its ability to transcend religious and social barriers.

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Of Raksha Bandhan

Raksha Bandhan, once a simple, heartfelt ritual, has evolved with the changing times. While the spirit of the festival remains pure, its practice has adapted to our fast-paced world. 

The shift towards nuclear families and increasing geographical distances between siblings has created new dynamics and technology has revolutionized the way we connect and celebrate. Raksha Bandhan has not been immune to this digital transformation. 

Online platforms have emerged as convenient avenues for sending rakhis and gifts, bridging geographical gaps and making the festival accessible to everyone.

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The Pandemic Caused

The COVID-19 pandemic posed unprecedented challenges, forcing a drastic shift in the way we celebrated festivals. Raksha Bandhan was no exception.

With lockdowns and travel restrictions in place, physical gatherings became impossible. 
The rakhi market took a massive hit, plummeting by 60% in August 2020. The sweet industry also felt the pain, with losses amounting to a hefty ₹5,000 crore.

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From Crisis to Opportunity

However, this adversity also gave rise to new opportunities. The festival witnessed a surge in online celebrations, with virtual rakhi tying ceremonies and digital gift exchanges becoming the norm. 

E-commerce platforms stepped up to meet the rising demand, offering a wide range of rakhi and gift options. Platforms like Ferns N Petals stepped up to the challenge, experiencing a remarkable 100% growth.

An incredible 10,000 rakhi and gift orders were placed daily, reaching siblings in over 80 countries, from the US and UAE to the UK and Singapore.

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A Marketing Bonanza

From luxury fashion houses to confectionery giants, everyone is vying for a share of the Raksha Bandhan pie.

Personalized gifts, themed campaigns, and influencer collaborations are the new norm. . Campaigns like Archies’ “Rishte Jazbaton Ke” and Bajaj Allianz Life’s “#ProtectSeZyadaSupport” are perfect examples.

Luxury Takes Center Stage
The luxury segment has also joined the fray. MIA by Tanishq’s exquisite “Shades of Bhai” silver rakhi collection is a prime example. Celebrity endorsements have added a glamorous touch. Bvlgari’s campaign featuring Arjun and Anshula Kapoor and Sara Ali Khan’s association with Ferrero Rocher are notable examples.

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Redefining Rakhsha Bandhan

Raksha Bandhan is no longer restricted to biological siblings. The festival has expanded its embrace to include friends, colleagues, and even oneself.

The concept of self-love and personal growth has found expression through the ritual of tying a rakhi. This inclusive approach reflects the changing dynamics of society and the evolving nature of relationships.

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The Future of Raksha Bandhan

Raksha Bandhan has undergone a dramatic transformation. What once was a simple exchange of rakhis and sweets has evolved into a multi-million dollar industry. The coming years promise even more growth, with an estimated 30% annual spike in the market.

Beyond traditional gifts, consumers are seeking hyper-personalized experiences. Textiles, jewelry, sweets, and chocolates are witnessing increased demand.

Technology is also playing a pivotal role. AI-powered innovations like Cadbury’s #CreatingMemoriesNeverClicked, which transforms old memories into tangible keepsakes, are redefining the festival experience.

How often have you walked into a fancy store with a heart full of hope and a wallet ready to open? But as you browse, you find nothing seems quite right. The colors don’t match, the prices are outrageous, and it feels like the products were designed for someone else entirely. You’re not alone. Millions of Indian women have faced this dilemma.

Well, until recently, it was.
That’s when she entered and challenged the beauty giants. She transformed the frustration of countless women into a thrilling journey of self-discovery. Against all odds, she built a ₹4100 crore empire, proving that homegrown brilliance can outshine global giants.

Want to know how she did it? Read on

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Of A Small Town Girl

Vineeta Singh is more than another familiar face on your TV screen. Behind the sharp suits and witty remarks lies a captivating and inspiring story.
 
Growing up in Gujarat, this young entrepreneur-to-be made a profit when her friends still played with dolls. At age ten, she was knocking on doors selling homemade magazines. Talk about starting young!

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A Leap of Faith

With brains, beauty, and business acumen, Vineeta stormed through IIT Madras and IIM Ahmedabad. While most would’ve jumped at a ₹1 crore offer from Deutsche Bank, she had other plans.

First up? A lingerie line! But even superheroes need a cape (or funding, in this case), so that idea took a backseat. Fast-forward to 2007, Vineeta launched her first startup, Quetzal. It was a good idea—background checks for recruiters—but the market wasn’t quite ready.

Unfazed, she teamed up with her husband, Kaushik Mukherjee in 2012 to create Fab Bag, a monthly beauty box subscription. Little did she know this was just the beginning of something truly special.

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A Brand with a Purpose

While curating products, Vineeta noticed Indian women didn’t want shades that washed them out and products that melted under the scorching sun. She saw an opportunity to change the game and fill in the gap.

Armed with knowledge from serving over two lakh women, she set out to create a makeup range made in India for Indians. This idea became the spark that created the SUGAR Cosmetics revolution.

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Why The Name?  

Vineeta and Kaushik brainstormed and tested five potential names with an online poll. Sugar emerged as a clear favorite among millennials, but the unexpected feedback sealed the deal.

People felt a strange familiarity with the name as if they’d known it forever. A new name would have been a major risk in a market dominated by established giants. Sugar, however, felt like an old friend.
 
With a name and tagline, “Rule the World One Lipstick at a Time,” Sugar Cosmetics positioned itself as more than just a makeup brand; it was a lifestyle choice.

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The Road to Sugar High

The early days were bumpy. With limited cash and market giants like Lakme, L’Oreal, and Maybelline, building SUGAR Cosmetics from scratch was no cakewalk.
 
Balancing a growing family and a startup was like juggling chainsaws with the added hurdles of being a woman in a male-dominated world. She was often told “no” simply because she was a woman.
 
Starting small with just three products, Sugar Cosmetics was short on cash but big on ambition. A smart move to import their now-famous lip crayon from Germany was a game-changer. Sales exploded, and they quickly became a household name. By 2020, they were raking in a whopping ₹105 crores.

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Sweet Spot in the Market

SUGAR Cosmetics hit the sweet spot with its pricing. While other brands were stuck in the budget or luxury lane, SUGAR carved out a space in between. Imagine getting a taste of luxury without the hefty price tag.

That’s exactly what SUGAR offered—affordable products with top-notch quality. Don’t forget the packaging. SUGAR made its most budget-friendly products feel like a million bucks.

Over 65% of the brand’s revenue is derived from its lipstick range, with bestsellers like ‘Nothing Else Matters,’ ‘Matte as Hell,’ and ‘Seal the Show driving sales.

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More Than Just Makeup

SUGAR isn’t just about looking good; it’s about inclusivity. While the brand was born out of a desire to cater to women, they’ve always welcomed everyone to the SUGAR family.

Their products are gender-neutral, proving that beauty knows no boundaries. Moreover, they are cruelty-free and vegan, which resonated with a market hungry for authentic brands.

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Digital Dominance

The key factor in Sugar’s success has been its digital-first approach. While traditional beauty brands relied heavily on celebrity endorsements and television commercials, Sugar leveraged the power of social media and influencer marketing.
 
The company fostered a direct connection with its target audience by building a strong online community. It let them understand consumer preferences better to tailor their products.

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Amplifying the message

Sugar Cosmetic’s standout campaign featured Anmol Rodriguez, an acid attack survivor, in a powerful video that resonated deeply with the audience.
 
Their commitment to inclusivity became one of the cornerstones of Sugar’s success. With over 5M followers on Instagram, Sugar has outshone competitors like Colorbar.

Another masterstroke was the #BoldAndFree campaign, starring the charismatic Tapsee Pannu. It leveraged the power of influencers, with 600 creators spreading the word. The campaign was a symphony of media, from television and outdoor advertising to social media.

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The Beauty Rules

When the market was flooded with glossy eyeliners, Vineeta anticipated a demand for more practical eyeliners, so they introduced a matte eyeliner that resonated with her customers. It was the beginning of her product innovation journey.

Fast-forward to August 2023, and Sugar broke new ground again, launching Sugar Play. This vibrant makeup range, designed specifically for preteens and teens, showed the brand’s understanding of evolving beauty needs.

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On Market Trends

Sugar’s success can be attributed to its strategic positioning at the intersection of a booming beauty market and the rapid growth of e-commerce.

With a focus on digital marketing and a strong emphasis on customer feedback, Vineeta has managed to carve a niche for the brand. The company has raised ₹100 crore in funding to fuel its expansion plans.

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From Online to Offline

To cater to a wider audience and increase reach, Vineeta decided to venture into the offline market. Today, Sugar Cosmetics boasts a presence in over 10,000 retail outlets in over 130 cities, a testament to its growing popularity.

The brand’s ability to seamlessly integrate its online and offline presence has set it apart from competitors.

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Beyond the Sugar Coating

The brand’s product portfolio has evolved to include a wide range of makeup products, catering to different occasions and skin types.

From lipsticks to eyeshadows, Sugar Cosmetics offers a wide range of products that have resonated with consumers, allowing it to capture a significant market share.

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Strategic Partnerships

Renowned celebrities like Ranveer Singh and Kareena Kapoor Khan have endorsed Sugar Cosmetics and invested in the brand, recognizing its immense potential.

Their association has significantly elevated Sugar’s brand visibility and credibility.

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Building a Sweet Future

With Sugar Cosmetics, Vineeta has set her sights on future growth and expansion.

The plan has been to build a strong foundation and achieve profitability before considering larger ventures. They intend to file for an IPO in a few years and make their offline stores profitable by 2025.

Why don’t we say, “Search it,” but instead reflexively utter, “Google it”? Or how about when we need a quick copy, we instinctively ask for a “Xerox”? These brands have cast a magical spell, replacing entire product categories with their names.
The brand we are talking about today is no different. It’s a name you casually drop at any local shop, expecting them to know exactly what you mean. That’s not all; you’d be surprised to know that the brand was initially identified with a hangover cure and is now an empire valued at ₹7000 crores!

Despite countless imitators, it remains the undisputed king of its category. It is so intimately interwoven into our daily lives that the name has become synonymous with the essence of life (read on; you will know how!).
Have you guessed the brand already?

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A Thirsty Beginning

The story begins in 1851 in the heart of Italy. A former army general turned chemist, Felice Bisleri, was on a quest to cure the dreaded hangover.

His concoction, a blend of cinchona, herbs, and iron salts, dubbed ‘Ferro-China Bisleri’, was a surprising hit.

He established Felice Bisleri & Co. to cater to this growing demand. By the 1920s, the company’s reach extended to India to source ingredients for the famed tonic.

Dr. Rossi, a close confidant and family physician to Bisleri, played a crucial role in this expansion. However, tragedy struck in 1921 when Bisleri passed away, leaving the company’s reins in the capable hands of Dr. Rossi.

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Takes Shape

India, a newly liberated nation, was brimming with potential. The economy was on the upswing, and opportunities were as vast as the country itself.

While India was blessed with natural water bodies, the reality was far from idyllic. Many, especially city dwellers, grappled with the challenge of finding clean drinking water.

A visionary at heart, Dr. Rossi saw a gap in the market for bottled water. The concept seemed absurd at the time, but Dr. Rossi was undeterred.

He found a willing partner in Khushroo Suntook, the son of his legal advisor, who shared his passion for this audacious venture.

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Against All Odds

Khushroo Suntook, a lawyer like his father, and Dr. Rossi established the first Bisleri water plant in 1965 Thane, Mumbai.

The idea was met with skepticism, even ridicule. Selling water? In India? It seemed like madness. Yet, they persevered, fueled by a belief in their product and a determination to succeed.

And so, the journey began. Bisleri ventured beyond the confines of luxury hotels into the heart of the nation. It was a battle fought with every bottle sold, educating consumers about the importance of pure drinking water. The challenge was immense, but the rewards were even greater.

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Surprise Partnership

However, the Bisleri journey took a surprising turn in 1969. News of the ‘madmen’ selling bottled water reached the ears of the Chauhan brothers, masterminds behind the iconic Parle company. They saw the potential and acquired Bisleri for a mere ₹4 lakh (around $50,000 today!)

This marked the beginning of Bisleri’s meteoric rise. Parle, with its marketing muscle, took Bisleri national. They even came up with a revolutionary concept—selling soda alongside mineral water. This dual approach not only boosted their business but also spiked mineral water production in India.

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The Water Game

Bisleri wasn’t content to simply quench thirst; it was on a mission to redefine the water game. They weren’t afraid to push boundaries, introducing innovations like tamper-proof bottles and larger, more convenient pack sizes.

It was a bold move that paid off, establishing Bisleri as a trailblazer in the industry. Even as global giants like Coca-Cola and PepsiCo entered the fray, Bisleri held its ground, its reputation for purity and quality unwavering.

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A Nation Hydrated

To ensure every corner of India could enjoy it’s refreshing taste, Bisleri built an impressive distribution network. With a reach spanning over 8,000 towns, it was practically impossible to miss. From bustling cities to small towns, the green label and bottle cap became familiar.

While the brand catered to the discerning palate with premium options like Vedica, its heart remained with the everyday consumer. Bisleri wasn’t just about luxury but about making clean water accessible to all.

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From Counterfeit to COVID

Counterfeit products emerged as a challenge, but Bisleri fought back with wit and charm. Campaigns like “Har Pani Ki Bottle Bisleri Nahi” became more than just advertisements; they were cultural touchstones.

Then, the unexpected happened: the pandemic. While challenging for many, it opened new doors for Bisleri.

Online orders surged, offering a fresh perspective on how to connect with customers. This digital pivot paid off handsomely. In FY20, Bisleri’s revenue touched a staggering ₹1500 crores, with profits crossing the ₹100 crore

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Of The Strategic Playbook

Despite a growing pool of competitors like Aquafina and Himalayan, Bisleri remains the undisputed king, commanding a staggering 60% market share.

While diversification has been key, the brand’s core remains its flagship packaged drinking water. Bisleri employs a strategic approach to maintain its dominance, leveraging the classic marketing mix of product, price, place, and promotion.

Parle’s research arm relentlessly worked to make Bisleri accessible to every corner of India. Today, you’re as likely to find a Bisleri bottle at a bustling railway station as you are in a five-star hotel.

A clever pricing strategy ensures Bisleri fits every budget, with higher costs in premium locations offsetting lower prices in retail outlets.

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Not Just a Brand

Over the years, Bisleri has evolved, but that core promise has remained steadfast. Today, it’s more than just water. Bisleri Club Soda, Fonzo, Limonata, and Pop – each flavor, each fizz, is a testament to their commitment to delivering the best. And they don’t just say it; they prove it with certifications from BIS and FSSAI.

With over 103 plants across India and neighboring countries, Bisleri’s reach is vast. The green cap has become an unforgettable symbol of trust and purity.

Once dismissed as a “mad” idea, today, Bisleri stands tall as the undisputed king of India’s bottled water industry, with a whopping 60% market share, valued at a staggering ₹7000 crores.

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Bottles of Change

The brand has joined forces with Mumbai-based NGO Parisar Bhagni Vikas Sangh (PBVS), the waste management experts at Sampurna Earth, and recycling leader Dalmia Polypro Industries.

The ‘Bottles for Change’ initiative transforms collected plastic into flakes, the building blocks for products like fabric, handbags, and window blinds.

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Beyond taste, Bisleri cares

The company understands the importance of protecting the planet. It pioneered sustainability, importing plastic recycling machines in the 1990s.

Focusing on reusable 20-liter containers showed that businesses could be both successful and eco-conscious. Bisleri isn’t just quenching thirst; it’s quenching the world’s thirst for a better planet.

Stuck in traffic, mind racing, and then it hits you – a billboard that’s not just an ad but a little burst of sunshine on a cloudy day. It’s the familiar face – that adorable girl with the blue hair and the red polka-dot frock, always serving up a witty take on the world. 

From ‘Bidai for Biden’ to ‘Ambyaahni Wedding’, she’s been there for our daily chuckles, turning mundane commutes into mini-breaks. But how did she become such a cultural icon, and what’s the story behind the utterly-butterly delicious magic? 

Are you curious to learn more about this brand, which is not just a part of our taste buds but also a part of our daily conversations? Read on

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Takes Shape

The year was 1946, and the Swadeshi movement was in full swing. In the heart of Kaira, a visionary named Tribhuvandas K Patel was stirred by the spirit of self-reliance.

With Sardar Patel’s backing, he led farmers on a 15-day milk strike, forcing authorities to listen.
Enter Dr. Verghese Kurien, an engineer with a heart of gold.

Initially, on a government assignment, he was so captivated by the farmers’ struggle that he extended his stay. He didn’t just witness history; he became a part of it.
This dynamic duo forged an unbreakable partnership. 

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Milk Woes & The Beginning Of Change

Fresh from independence, India faced a tough challenge: a nation hungry for milk. The British left behind a broken dairy system with low production and no infrastructure, creating a perfect storm for farmers trapped in the clutches of exploitative traders.

In this challenging climate, a spark ignited in Anand, Gujarat. A group of farmers, tired of being exploited, formed a cooperative.

Their goal was simple yet revolutionary – to gain control over their milk, its price, and its journey from farm to table. This marked the birth of a movement that would transform India’s dairy landscape.

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A Revolution in the Making

At the heart of this revolution was Dr. Verghese Kurien, who saw beyond milk – he saw empowerment. Focusing on quality, technology, and farmer welfare, he laid the foundation for India’s White Revolution.

Amul was born, and with it, a dream of making milk accessible to every Indian.

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From Deficient to Global Dominance

A country overflowing with milk! That’s exactly what India achieved thanks to “Operation Flood,” a revolutionary program inspired by Amul.

It wasn’t just about milk; it was about empowering farmers by creating a network of cooperatives nationwide. It ensured fair prices for both producers and consumers.

Milk production skyrocketed, transforming India from a milk-deficient nation to the world’s largest producer in just five decades! This incredible feat earned Dr. Kurien the title “Father of the White Revolution.”

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From Strength to Strength

Amul’s success story inspired other developing countries to replicate this model and empower their rural communities.

Dr. Kurien’s drive for innovation led to the creation of Asia’s first milk powder plant using buffalo milk. This ingenious solution tackled seasonal surplus, stabilizing farmer income throughout the year.

The brand slowly became a symbol of quality and trust. The iconic Amul girl advertisements helped etch the brand into the hearts and minds of millions of Indians.

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Adding To Their Basket

Amul didn’t stop at revolutionizing milk. Their butter quickly became a household staple, a testament to their commitment to quality. Last year, the butter sales saw a whopping 19% increase – a sign of consumer trust in the brand.

But their ambition went way beyond butter. They fortified their offerings with a range of delicious dairy products crafted with pure, wholesome milk.

Cheese, yogurt, and ice cream – the product ladder symbolized indulgence for families across India.

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For Every Family

And the innovation didn’t stop there. The brand’s “magic box” overflowed with new delights: milk powder, health drinks, ghee, paneer, chocolates, and even traditional sweets.

This diverse range captivated consumers, propelling the company to a staggering sales turnover of ₹55,070 crores (USD 7 billion) during 2022-23, marking a remarkable 18.5% growth.

Amul wasn’t just a brand; it was a delicious journey for millions of Indians.

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Bends But Never Breaks

Amul’s spectacular rise was not easy. In the 60s, it faced stiff competition from established dairy brands, yet it persevered.

The 80s saw infrastructure borders and logistical issues threaten its supply chain, but Amul’s innovative cooperative model protected a robust network that overcame these hurdles.

The pandemic-led disturbances in supply chains and workforce shortages posed significant challenges. However, they rapidly adapted leveraging technology and employing safety protocols to ensure a continuous supply of dairy products nationwide.

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Master Ad Campaign

Amul didn’t just sell products; they crafted experiences. The “Taste of India” campaign was a masterstroke, marrying Amul’s delicious dairy with the country’s rich culinary heritage. 

The iconic Amul girl became more than a mascot; she was a cultural commentator, her witty take on current events made every ad a mini-event. 
Amul wasn’t just present, from bustling cities to quiet villages; it was celebrated.

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Amul Over A Decade

2011 saw the brand enter the international market, exporting products to over 40 countries helping them cross the $3 billion revenue mark in 2014.

In 2020, they launched organic products focusing on sustainability and health reaching an annual turnover of over $5 billion by 2021.

2022: Amul intensified its focus on sustainability implementing more eco-friendly practices, including solar energy and water conservation initiatives.

2023: The company celebrated its 75th anniversary, highlighting its journey and impact on the dairy industry and rural development in India.

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Farm to Fridge in a Flash

Imagine millions of liters of fresh milk going from far-off villages to your doorstep. That’s the Amul magic! Keeping this liquid gold pure and fresh in a hot country is no small feat.

Amul has mastered the art of milk logistics, with a vast network that swiftly collects milk from every corner. Their state-of-the-art processing plants work their magic.

It’s no wonder Amul processes a staggering 14 million liters of milk daily, turning it into the creamy goodness we all love.

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Life’s Moments

Amul is the secret ingredient to India’s celebrations, from Diwali sweets to wedding feasts and the cool comfort of ice cream on a hot day.

It’s not just a brand; but love woven into the fabric of our lives. Every festive gathering brings families together, and Amul is right there, adding a dash of creamy joy to the occasion.

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Lives On

Dr. Verghese Kurien, the architect of India’s White Revolution, passed away in 2012 leaving behind a legacy. His dream of empowering farmers and nourishing the nation lives on through Amul. 
Amul is a global dairy giant, reaching millions across 50 countries.

Their vision is ambitious: to uplift 300 million farmers and consumers by 2030. With a staggering ₹56,000 crore in revenue and a market cap touching ₹1,25,000 crore, Amul continues to be a beacon of quality, growth, and Indian spirit.

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Spreading the Butter of Love

Amul is deeply rooted in its community. From prioritizing employee well-being with initiatives like health and safety programs to empowering women in dairy farming,

Amul leads by example. They ensure farmers receive fair prices, provide veterinary care, and support rural development. When disaster strikes, Amul’s Relief Trust steps in to lend a helping hand.

By planting trees and promoting sustainability, they’re building a greener future. It’s not just about milk; it’s about nurturing lives and livelihoods.

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The Next Chapter

Amul is setting its sights on a new adventure—conquering America’s taste buds! It’s partnered with a US dairy cooperative to launch its iconic fresh milk across the pond for the very first time.

This move follows a call by India’s Prime Minister to make Amul “the world’s largest dairy.”
While Amul has exported dairy products for years, this fresh milk marks a pioneering step.

Initially, they’ll focus on Indian stores on the East Coast and Midwest, offering familiar one-gallon and half-gallon packs. 

They also plan to introduce other beloved Indian dairy products, such as curd, buttermilk, and paneer, to cater to the growing demand for these delicious treats. Get ready, America; a taste of India is coming your way!

On one hand, you have a tech giant, a global leader in a crowded market, but with a nagging problem. While their current product line is successful, it lacks a certain spark. 

A new player, seemingly from nowhere, sees the problem and instantly comes up with a solution – exceptional quality at a fraction of the cost. News spread faster than a viral video. Whispers turned to a roar as consumers, tired of overpriced options or underwhelming quality, flocked to this upstart brand. 

This is the story of a new brand that dared to challenge the established giants, rising from a non-existing market to become a global force. Ranked 5th in a market dominated by giants, they prove that even the slightest spark can ignite a revolution.

Want to know how this brand changed this industry? Read on

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From Suits to Startup Sounds

Aman Gupta wasn’t your typical tech entrepreneur. He had a proven track record
in the corporate world, but his passion for gadgets and audio remained strong.

After years of working with established electronics brands, a dream began to take shape – creating his own audio company catering to the Indian market. 

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Learning the Ropes

Gupta’s journey started well before boAt set sail in 2016.  He honed his business acumen working in his family’s electronics business and then at Citibank.  He even pursued an MBA, all while keeping a close eye on the ever-changing world of consumer electronics. 

An early taste of the startup world came with his venture, Advanced Telemedia. Here, he helped launch international audio brands in India, gaining valuable experience in the market he planned to conquer. Later stints at KPMG and HARMAN further solidified his knowledge of the industry and the needs of Indian consumers.

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The Seed of an Idea is Planted

One key takeaway from Gupta’s experience was consumers’ growing openness to trying new brands. This planted the seed for boAt, a company offering high-quality audio products at accessible prices. 

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The Next Step

Knowing he couldn’t go it alone, Gupta joined forces with his friend Sameer Mehta in 2014.

Together, they embarked on a two-year research and development journey, laying the groundwork for what would become boAt. 

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Why the name boAt?

When naming their creation, the founders didn’t just pick a word; they captured a feeling. ‘boAt’ wasn’t just letters on a page; it was a symbol – a call to ride the waves of life, sound by side with your soundtrack.

The adventure didn’t stop there. Their tagline, ‘Plug into Nirvana,’ was a promise. It promised an escape, an immersion into pure audio bliss.

Talking about the logo – a sleek, stylized boat, with the ‘b’ forming its mast and sail- was a reminder that life’s a journey, and the company wants you to ride every wave with them.

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boAt Lifestyle Sets Sail

December 2016 wasn’t exactly smooth sailing for new businesses. Indian tech giants were struggling, and the market was flooded with new Chinese players.

Some might have called it a terrible time to launch a new brand, but Aman Gupta wasn’t fazed. He knew they had something unique to offer.

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Overcoming Obstacles

Getting started wasn’t easy. Banks weren’t interested, investors were cautious, and the market was crowded. But Gupta and his co-founder, Sameer Mehta, were determined. They pooled their own money of about Rs.15 lakhs each and started small, selling mobile cables and chargers.

Their first product? An indestructible Apple charging cable – a solution to a common frustration for many. They followed this up with a range of audio products designed specifically for the Indian market. Remember that deep, thumping bass Indians love? These earphones were tuned to deliver just that.

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Value over Price Wars

Despite the challenging market conditions, the company managed to turn a profit in its first year. They achieved this by focusing on quality and features that resonated with Indian consumers, like their signature bass-heavy sound profile. 

They also avoided the price war with established brands, instead positioning themselves as a mid-range option with better quality than budget brands.

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Building a Community

Consumers loved boAt’s focus on quality, affordability, and features that mattered to them like that deep, thumping bass Indians craved.

Sales grew steadily, and the brand gained a loyal following. It claims to add one boat head to the family every three minutes. This wasn’t just about selling gadgets but building a community.

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The Game-changer

With the rise of work-from-home culture, where crystal-clear audio for meetings became a must-have, Aman Gupta saw an opportunity.

They constantly innovated, expanding their product line to include work-from-home essentials like comfortable, noise-canceling earphones, carving a niche for itself in the ever-growing audio market.

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How boAt won Hearts and Ears

Without a huge marketing budget, they got creative. They used social media to connect directly with consumers, addressing their pain points with targeted ads like the one featuring the broken Apple cable.

The ad data helped them refine existing products and develop new ones, like sweatproof headphones and a wider range of colors.

The founders recognized that boAtheads loved sports and entertainment. So they created themed product lines like ‘Sound of the Champions™’ featuring cricket stars, ‘Glamour of the Stars™’ with Bollywood favorites like Kartik Aaryan and Kiara Advani, and ‘Soul of the Musicians™’ rocking out with Neha Kakkar, Diljit Dosanjh, and Naezy. 

They even collaborated with Hardik Pandya to design custom earpods! It is all about amplifying the voices and styles of tomorrow’s trendsetters.

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From Bootstrapped to Booming

After two years of bootstrapping, boAt secured funding from an investor impressed by their strong brand identity, focus on quality, and ability to identify customer needs let boAt expand its product line and continue to grow.

boAt’s sales skyrocketed year after year. They weren’t just another electronics brand; they were a lifestyle choice for the young and trendy. This success story caught the eye of investors, and soon boAt was raking in millions.

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Impressive Growth and Global Recognition

By 2020, boAt was ranked the 5th largest wearable brand globally, according to IDC. boAt’s revenue has surged significantly, doubling y-o-y in FY22 reaching Rs 3,000 crore.

Fast forward to FY23, and they hit a major milestone: not only were 15 million boAt products assembled in India, but they smashed their revenue target, reaching $500 million for the first time.  This impressive growth has positioned them as a major player in the global wearables market.

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From Underdogs to Kings

BoAt faced a dynamic market with established players like Mivi, Skullcandy, Noise, pTron, Samsung, and Xiaomi vying for shares with other aggressive new-age startups.

While their products cater to a wide range of budgets, after-warranty service remains a hurdle. BoAt doesn’t offer repairs or replacements beyond the warranty period, even for customers willing to pay.

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boAt Riding the Wave

With a market share of 30.6% in the audio wearable segment in 2023, Aman Gupta’s boAt continues to dominate the Indian market. The company has roped in Bollywood Actor, Ranveer Singh as its brand ambassador and investor.

While an IPO planned for 2022 was put on hold due to market shifts, boAt is still going strong. They’ve expanded their product line up adding exciting new categories like personal care and smartwatches.

Their acquisition of KaHa has been a game-changer, particularly in the smartwatch segment, with KaHa consistently rolling out innovative features.

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Beyond the Waves

Undeterred, boAt is taking a step-by-step approach to something big. They’ve just started manufacturing simpler products, like chargers, right here in India.

It might seem like a small first step, but it represents a giant leap forward in their commitment to domestic manufacturing.

With each new product made locally, boAt inspiresis inspiring a wave of others to set sail on their own domestic manufacturing journeys.

An 8×8 foot cell, three days without food, a foreign country, and a communist regime breathing down your neck – all for daring to criticize their system. No, this isn’t a scene from a movie.  It is the unlikely birthplace of a revolutionary idea.  

Imprisoned, confused, and on the verge of starvation, this man underwent a radical transformation, shifting from a confused leftist to a compassionate capitalist. He set about changing the face of technology and creating a company that would rewrite India’s economic future.

Curious to know who this person could be? Buckle up because you’re about to meet the mastermind behind a business empire, and the answer might surprise you.

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A Life Shaped by Values

The fifth of eight children, Narayana Murthy was born into a modest lower-middle-class family in Mysore. His father, a school teacher,taught him the importance of public good and sacrifice, while his mother focused on honesty. 

His civil servant uncle steered him towards it, but Murthy harbored a different dream. He pursued engineering to become a junior engineer in a hydroelectric power plant – one of Nehru’s “temples of modern India.”

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The Allure of Computers

Fate, however, had other plans. His Master’s degree at IIT Kanpur introduced him to the captivating world of computers, a technology that would become the cornerstone of his revolutionary vision. 

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The Irresistible Offer

Despite lucrative job offers, Murthy was drawn to Ahmedabad for an opportunity.  Professor Krishnayya of the Indian Institute of Management promised access to “a great, modern mini-computer,” making the institute the third business school globally (after Harvard and Stanford) to install a time-sharing system. 

The prospect of a collaborative environment where he could learn relentlessly for a modest Rs. 800 a month proved irresistible. He later recalled this decision as the best one of his life.

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Learning and Legacy

Murthy honed his analytical skills as a research associate at IIM Ahmedabad. His thirst for knowledge soon translated into action when he became a chief systems programmer. 

He wasn’t just writing codes; he was making history by developing India’s first BASIC interpreter for the TDC 312, a computer far ahead of its time in late-1960s India.

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From Rejection to Revolution

The seeds of Infosys were sown in technical prowess and professional rejection. When Murthy’s application for a position at Wipro was denied, it sparked a fire within him. 

Little did Wipro know they had just given birth to one of their biggest competitors. While his first IT venture, Softronics, wasn’t successful, it provided valuable lessons that Murthy would carry forward. 

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The Unlikely Beginnings of a Tech Giant

Murthy envisioned a company that could revolutionize the industry. He started with a shoestring budget of just ₹10,000, borrowed from his wife. His first office was the front room of his own home. 

Undeterred, Murthy and six colleagues set out to build a global IT services company in India.
The initial capital was not enough.  So, Murthy negotiated a lifeline with a prospective client, securing working capital for a few crucial months.

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Battling Bureaucracy

The challenges were many. In the 80s, computers were rare, and getting a telephone connection took years.  While his colleagues in the US toiled away on software development, Murthy became a master of bureaucratic hurdles.  

Securing a license to import a single computer took 50 trips to Delhi over three years!  Even getting a phone line, crucial for daily client updates, felt insurmountable.  

The RBI’s bizarre forex regulations added to his difficulties. They asked Murthy to earn foreign exchange and share half with them when he returned it to India. Despite these issues, Murthy and his team’s unwavering dedication kept them going.

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Building Trust

Murthy understood the importance of client relationships.  He tirelessly ensured his clients were satisfied and their payments arrived on time. 

It meant long waits at the RBI office to secure a portion of the earned income to send as maintenance allowance for his colleagues in the US.

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The Power of Persistence

One instance perfectly exemplifies Murthy’s resourcefulness.  A New York client offered a lifeline – an IBM-compatible computer on loan. The catch? Daily progress reports over the phone.  This, again, highlighted the lack of basic infrastructure.  

The phone department prioritized retired government officials, leaving Infosys’ request in limbo. But Murthy wouldn’t give up. He persisted, finally securing a connection that showed the lengths he would go to for his clients and team.

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GDM Disrupts the IT Landscape

Infosys started small, but its focus on quality and client satisfaction quickly paid off.  Realizing the potential of global markets, Infosys pioneered the ever-present Global Delivery Model (GDM). 

This innovative approach allowed them to deliver high-quality software services remotely, making them a cost-effective option for Western companies.

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Murthy’s Vision Takes Flight

Pune, their initial home base, offered limited growth potential.  In 1983, they made a strategic move, shifting their headquarters to Bangalore, India’s burgeoning tech hub, the beginning of Infosys 1.0, a vision Murthy spearheaded. 

The now-legendary Global Delivery Model (GDM), Murthy’s brainchild, was a stroke of genius. It allowed Infosys to deliver high-quality software development services remotely, leveraging India’s skilled workforce to offer cost-effective solutions to Western companies.

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Innovation to International

The GDM was rapidly becoming the industry standard by 1987. With its sights set on global expansion, Infosys opened its first international office in Boston, USA, solidifying its position as a global player.

The early 1990s ushered in a period of economic reforms in India, and Infosys was perfectly positioned to ride the wave. 

Demand for outsourced software development services skyrocketed, and Infosys’ revenue grew exponentially, crossing the ₹8.66 crore mark (approximately $3.3 million) by 1992. 

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From Unsubscribed to Unstoppable

Confident about their success, they decided to go public in February 1993.  However, the market wasn’t ready for a software company, and the IPO was undersubscribed.  

Just when Infosys’s dreams seemed to be faltering, investment bank Morgan Stanley, recognizing Infosys’s potential, stepped in with a strategic bailout, acquiring 13% of the company’s equity. This financial backing and the growing demand for its services propelled Infosys forward.

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Building a People-First Company

The company’s success wasn’t just about numbers. Infosys believed in empowering its employees.

Their pioneering Employee Stock Option Program (ESOP) created a sense of ownership and shared success, making Infosys a magnet for top talent. This focus on employee well-being became a core part of their company culture.

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Beyond Borders

With its roots in Bangalore, Infosys continued to flourish. In 1994, it moved to a more permanent home in Electronic City. They extended beyond India’s borders, opening a development center in Fremont, California, solidifying its presence in the US market.

Recognizing the Internet’s potential, Infosys established its e-business practice in 1995. This move coincided with its European expansion, marked by the opening of its first office in the UK. Development centers in Toronto and Mangalore bolstered Infosys’ global reach.

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Philanthropy Takes Root

Giving back to society became a core principle for Infosys.  In 1996, they established the Infosys Foundation, a philanthropic arm dedicated to supporting education, rural development, healthcare, and various social causes.

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A Whirlwind of Growth

1997 saw the opening of an office in Toronto, Canada, and the launch of their Enterprise Solutions and packaged applications practice.

In 1999, Infosys became the first Indian company listed on the NASDAQ, achieving a CMM Level 5 certification for excellence in software development processes. In 2000, they doubled their revenue to $200 million.

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Focusing on Employee Wellbeing

This phase was about exploring new service lines. By 2001, revenue had doubled to over $400
million, and their commitment to employee well-being was recognized with a “Best Employer”
award.

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N.R. Narayana Murthy Exits

A significant leadership change occurred in 2002.  N.R. Narayana Murthy, the visionary leader who had steered Infosys from a shoestring startup to a global IT giant, stepped down as CEO. 

He assumed the roles of Executive Chairman and Chief Mentor, while co-founder Nandan M Nilekani became the new CEO. 

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Growth Continues

In 2004, the company’s revenue reached a record ₹3,564.5 crore ($1 billion), and it launched Infosys Consulting. For its excellence, Infosys was inducted into the Global MAKE Hall of Fame.

2006 saw revenue doubling to $2 billion and a workforce exceeding 50,000 employees.

In 2008, the revenue doubled again, crossing $4 billion, while annual profits exceeded $1 billion. By
2010, the revenue surpassed $5 billion.

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Hampering Infosys Rise

Infosys’ meteoric rise wasn’t easy. In 2011, they were accused of visa fraud in the US, using visitor visas for work requiring specific work visas. 2019 a subsidiary settled tax fraud allegations with California’s Attorney General. 

More recently, their takeover of government portals like income tax and GST resulted in criticism for malfunctions and poor performance. 

Their company culture sparked debates when founder Narayana Murthy advocated for a 70-hour workweek, raising questions about work-life balance in the Indian IT industry.

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A Decadal Climb

Infosys’ journey reflects a relentless climb to the top. The 2010s were marked by global expansion, innovation, and industry recognition.

The 2020s saw their commitment to sustainability with early carbon neutrality and strategic partnerships, cementing their leadership with AI-powered platforms like Infosys Cortex and others.

Today, Infosys is still a financial powerhouse and a top IT services brand with a global workforce exceeding 317,000 employees and a presence in over 85 countries.

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The Workforce of Tomorrow

Infosys advocates a future of work that blends flexibility, automation, and human connection. They’ve embraced a hybrid model that goes beyond traditional office or home environments, aiming to attract and retain diverse talent.

To make remote and flexible work seamless, Infosys is leveraging cutting-edge automation tools and optimizing outcomes.

But technology isn’t the sole focus. They are looking at experiential strategies that utilize digital tools to engage and enthrall talent, fostering a dynamic and attractive work experience.

Ever walk into a place and instantly feel transported? You step through the door, and BAM! The air explodes with the rich aroma of chocolate, a symphony of scents that whisks you away to a world of pure indulgence. Plush interiors, a cozy vibe, and contagious happiness fill the room—it’s an experience of a European cafe dream.

Did you know: Two-thirds of the world shares your love for chocolate?

Calling all chocoholics this World’s Chocolate Day! Come indulge your senses in the story of a brand that made decadence a global phenomenon! 

The birth of the Chocolate Room

The Chocolate Room

Vikas Panjabi and Chaitanya Kumar weren’t your typical entrepreneurs. While studying in Australia, they discovered a world beyond coffee culture – a world of rich, decadent hot chocolate. 

They saw a gap in the Indian market, a nation yet to experience the magic of a dedicated chocolate cafe. This sparked a dream to bring a complete chocolate culture to India. Quickly, they put their thoughts into action and acquired the master franchise rights for The Chocolate Room. 

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From Scratch to Success

The early days were a delicious experiment. They learned everything from scratch, from mastering the art of serving customers to navigating the complexities of running a restaurant. 

Their first outlet in their hometown, Ahmedabad, in 2007, stood out amidst the booming coffee house scene. The duo’s journey wasn’t easy. They discovered that the Indian palate craved a balance between sweet and savory.

The menu evolved, incorporating savory options alongside their signature chocolates. The crowd started pouring in from all corners. 

The chocolate room expanding

Building a Buzz in Tier II Towns

Forget the big city splash! The Chocolate Room started small, building a buzz in tier II cities.

Customers from Mumbai and Delhi would even trek to Ahmedabad to get their chocolate fix, urging them to expand. “We waited three years before opening in Delhi,” Vikas says. 

They focused on creating a following in smaller towns first, letting people discover the magic of chocolate cafes. Turns out, Mumbai, Bengaluru, Hyderabad, and Gurgaon became their lucky charms!

The chocolate room franchise

From One to Many

Limited funds demanded a clever strategy. Vikas and Chaitanya turned to franchising. However, ensuring consistency across outlets was paramount.

They meticulously sourced raw materials from Europe, created a foolproof operating model, and nurtured a strong in-house branding team. 

Unlike others, they believed in empowering their franchisees. They provided training and marketing support and even encouraged referral programs, building a strong network of brand ambassadors.

Live kitchen at the Chocolate room

The Secret Ingredient

Chaitanya admits that The Chocolate Room isn’t just about the food; it is about the experience, unlike cafes that serve pre-made treats.

The Chocolate Room offers live kitchen magic. Witnessing the creation of their desserts and savories adds a layer of freshness and theatricality, setting the brand apart from the competition. 

Vikas and Chaitanya heavily promote this unique aspect through online channels, attracting a diverse clientele – from families with young children to corporate professionals seeking a sweet escape.

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Innovation Breeds Resilience

The COVID-19 lockdown forced a new reality. People stayed home.

The founders adapted swiftly by introducing retail packaging of their menu favorites and hosting online contests, keeping the brand relevant. This agility ensured they not only survived but thrived during a challenging time.

The chocolate factory empowerment

More Than Just Chocolate

Coming from a humble background, Vikas and Chaitanya understood the importance of a happy workforce.

At the Chocolate Room, they foster an environment of open communication, regular training, and growth opportunities. Many who started as housekeepers have became store managers too. 

The company offers English language classes and loans to help employees build their lives, which means 90% of the initial staff has remained with the company for over 15 years.

The chocolate room supporting women

Women in Business

The Chocolate Room actively supports women entrepreneurs, with 30% of their franchisees being women.

Vikas proudly talks about the brand’s strong belief in empowering women to follow their dreams and build successful businesses.

Consistency of the chocolate room

The Recipe for Success

Maintaining a consistent taste across hundreds of outlets is crucial. The Chocolate Room ensures 90% of raw materials come from a central source. Standardized recipes, training manuals, and regular audits ensure quality control. 

Vikas also acknowledges the need for flexibility. Local preferences are catered to by adapting presentation and recipe elements without compromising the core chocolate experience.

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Innovative Treats & Interactive Experiences

The Chocolate Room isn’t afraid to push boundaries. They have introduced innovative concepts like the “Cuddle Cup” for comfortable sipping, the “Melting Pot” for interactive chocolate indulgence, and the “Aussie Cup” for a unique coffee and chocolate pairing.

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A Cup of Joy for the World

The Chocolate Room’s journey isn’t confined to India. They have ventured abroad, establishing a presence in Dubai, China, London, and several other countries.

Interestingly, their initial focus was tier II cities in India, creating brand awareness before entering metros.

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The Chocolate Dream

The Chocolate Room is far from finished. With over 395 stores in 11 countries, it serves more than 100 beverages and desserts made with pure Belgian chocolate. It plans to expand further into tier 2 and 3 Indian cities and across Africa. 

An IPO is on the horizon, fueling their ambitious growth plans. But Vikas and Chaitanya’s vision goes beyond just numbers. They want The Chocolate Room to continuously improve its digital presence, embrace technology, and provide an even more delightful experience for customers and franchisees alike. 

Other Stories You’d Like to Read

Have you ever been told “no” – a flat-out rejection based solely on your origins? Imagine pouring your heart into a product that could save lives, only to be dismissed by the original manufacturer because they couldn’t believe an Indian company could achieve such quality.

Fueled by rejection, he defied expectations. His company not only created the medication but also surpassed the strictest standards. Forget winning the doubters over; they became the biggest supplier of the very drug they were initially rejected for. 

This is the story of a man who transformed a moment of rejection into a ₹1 lakh crore healthcare legacy, making life-saving medication affordable for millions. Read on…

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Modest Early Life 

Born to Guntur’s (Andhra Pradesh) turmeric farmer family on 10 August 1941, Kallam Anji Reddy wasn’t destined for the fields. He dreamt bigger and was inspired by his father’s kindness, who made free herbal pills for those in need. So, young Reddy also set off on a path to make a difference.

Choosing science over farming, Reddy earned his BSc (Tech) degree from the University Department of Chemical Technology, Mumbai, and a PhD in Chemical Engineering from the National Chemical Laboratory in Pune. 

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A Peek into Pharma

Dr. Reddy first witnessed the power of medicine to change lives in 1969 while working at Indian Drugs and Pharmaceuticals Ltd (IDPL).

But he also saw the problem—essential drugs were expensive and out of reach for the commoner. It sparked a fire in him: to make quality medicine affordable. Thus, he left the stable job at IDPL in 1973.

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Entrepreneurship Ensues

What followed was turning entrepreneur with his companies—Uniloids, Standard Organics, and Cheminor—in quick succession.

His goal? ‘To bring new molecules into the country at a price the common man could  afford.’ 

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Making Way for One of the Most Successful Labs

Fast forward to 1984. With just ₹25 lahks in his pocket, Dr Reddy took a giant stride and founded Dr Reddy’s Laboratories (DRL) in Hyderabad.

Back then, life-saving medicines were only available from foreign companies, a privilege for the rich. But Dr Reddy vowed to change that. 

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The First Big Bet & Win

In 1986, Dr Reddy saw an opportunity. When DRL was just two years old, a crucial blood pressure medication (Methyldopa) was about to disappear from the market.

Dr Reddy approached the original company, Merck, with samples DRL had made, but they were rejected since Merck didn’t believe an Indian company could make such a high-quality drug. 

But Dr Reddy wasn’t one to give up. Within three months, DRL created the medicine that met the strictest standards, forcing the giant pharma company to accept it. 
 
As DRL became the most significant drug supplier to the company that invented it, the medicine became affordable for many, putting DRL on the map. 

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Sustaining Aggressive Growth

There was no looking back for DRL, but Dr Reddy needed funds to sustain his aggressive growth plans. Thus, DRL went public in May 1986, with an IPO aggregating Rs 2.46 crore in equity-linked debentures. 

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The Second Big Break

Soon after going public, Dr. Reddy had another breakthrough. In 1987, the United States Food and Drug Administration (USFDA) approved his manufacture of Ibuprofen.

This opened up a new world of opportunities for Dr. Reddy as he gained access to the world’s biggest drug market.

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Setbacks That Spoiled Plans But Not Dr Reddy’s Spirit 

The road wasn’t always smooth for Dr. Reddy. He faced challenges like losing a key business partner in 1990 and legal battles with pharma giants in 1991. But he never lost sight of his goal and even pushed the boundaries of science, investing in creating entirely new medications.

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A Strong Decade for DRL

1994: DRL goes global with a $50 million public stock offering.
2000: DRL cracks the top 3 spot among Indian pharmaceutical companies.
2001: Makes a historic listing on the New York Stock Exchange (NYSE), raising a significant $133 million despite economic challenges.
2002-2005: Expands international presence by establishing operations in Europe (2002) and Mexico (2005).
2006: Achieves a major milestone by acquiring Betapharm, the fourth-largest generic pharmaceutical company in Germany

Although DRL was turning into a major player with a 2009 partnership with GlaxoSmithKline (GSK), it faced legal battles with the pharmaceutical giant Pfizer over patent infringement. 

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A Commitment to Social Responsibility

Dr Reddy was passionate about business and deeply cared about giving back. In 1996, he co-founded the Naandi Foundation to tackle poverty and social issues in rural India. 

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Dr. Reddy Departs 

Shareholders were shocked to see Dr Reddy miss the AGM for the first time in 2012. Sadly, he breathed his last in Hyderabad on 15 March 2013 after a battle with liver cancer.

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The Legacy Lives On

Dr Reddy may have departed, but his legacy lives on. Today, DRL operates in 100+ countries, reaching over half a billion patients worldwide! Their goal? To touch the lives of over 1.5 billion people by 2030. 

As his son-in-law GV Prasad and son Satish Reddy handle the reins, the company has operations in the US, UK, Russia, Germany, and Brazil, along with joint ventures in China, South Africa, and Australia. 

With ₹27,916 Cr in revenues in FY24 and a total market cap of ₹1,00,878.70 Crore, Dr. Reddy’s dream of affordable medicine for all is well on its way to becoming a reality! 

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An investment advisory firm is a company that helps investors make decisions about buying and selling securities (like stocks) in exchange for a fee. They can advise clients directly or provide advisory reports and other publications about specific securities, such as high growth stock recommendations. Some firms use both methods, like Research & Ranking, India’s leading stock advisory company, specializing in smart investments and long-term stocks since 2015.

An investment advisory firm is a company that helps investors make decisions about buying and selling securities (like stocks) in exchange for a fee. They can advise clients directly or provide advisory reports and other publications about specific securities, such as high growth stock recommendations. Some firms use both methods, like Research & Ranking, India’s leading stock advisory company, specializing in smart investments and long-term stocks since 2015.