True Grit: The phenomenal growth of the Indian entrepreneurial spirit

From JRD Tata to Dhirubhai Ambani and Sanjeev Bikhchandani, how entrepreneurs helped India through its transition from an agrarian economy to state-controlled industry and on to an era where unicorns ...

Aug 21, 2021, 06:24 IST8 min
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Ushering in social entrepreneurship was the milk co-operative trio Tribhuvandas Kishibai Patel, Dr Verghese Kurien and HM Dalaya. Amul was born in response to the exploitation of marginal m...
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From the late 1950s, the government pursued a strategy directed at conserving foreign exchange, producing heavy capital and intermediate goods domestically, building science and technology ...
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In 1948, JRD Tata launched Air India International, the country&rsquos first international airline. Under his guidance, the Sir Dorabji Dadabhoy Trust established Asia&rsquos first cancer h...
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In 1956, Brijmohan Lal Munjal and his siblings got a licence from the Punjab government and a bank loan of about ₹50,000 to set up a factory named Hero Cycles. In 1975, this company becam...
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Dhirubhai Ambani is the lighthouse example of an entrepreneur, who created an equity cult in Indian stock markets. A dispatch clerk at A Besse & Company, he was sent to manage an oil fillin...
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Jaswantiben Popat and six others&mdashJayaben Vithalani, Parvatiben Thodani, Ujamben Kundalia, Banuben Tanna, Chotadben Gawade and Laguben Gokani&mdashthought up this enterprise on the terr...
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Har Prasad Nanda and his brother Yudi arrived in Delhi from Lahore after Partition. To impress and revive his business contacts, Har Prasad hired a suite of rooms at The Imperial, Delhi&rsq...
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Agricultural scientist Dr MS Swaminathan is renowned for his leading role in introducing and developing high-yielding varieties of wheat and rice in India. India&rsquos Green Revolution sta...
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Azim Premji was studying electrical engineering in Stanford University, USA, in 1966 when he was called upon to handle the family business, due to the sudden demise of his father. He was ju...
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Karsanbhai Patel graduated with chemistry and worked as a lab technician at Gujarat&rsquos geology and mining department. In 1969, he started an after-office business of detergent powder, m...
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In the 1970s, TCS began exporting its services and pioneered the global delivery model for IT services, with its first offshore client in 1974. Its first international order came from Burro...
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After graduating in zoology from Bangalore University in 1973, Kiran Mazumdar-Shaw went to Ballarat University in Melbourne, Australia, and qualified as a master brewer. Mazumdar-Shaw start...
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The Infosys legend began in 1981 when NR Narayana Murthy dreamt of forming his own company, along with six friends. Getting wife Sudha Murty&rsquos savings of ₹10,000 as seed money was Mu...
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Dr. Anji Reddy is a pioneer in pharmaceutical research in India, founding Dr Reddy&rsquos Laboratories in 1984. The company transformed the Indian bulk drug industry, from being import-depe...
Image by Courtesy Dr. Reddy"s
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Originally from Tamil Nadu, Shiv Nadar moved to Delhi in 1968, working as an engineer with DCM Ltd. Along with six of his colleagues, Nadar launched a firm making office products like copie...
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Sunil Mittal had begun in 1984, assembling push-button phones in India, replacing the old-fashioned, bulky rotary phones. He identified an opportunity in mobile telecom in 1994, successfull...
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GR Gopinath was the man who made flying affordable to millions of Indians. When he launched Air Deccan in 2005,  a no-frills airline modelled on European budget carriers like EasyJet and Ry...
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Looking at job ads in newspapers in the 1990s, Sanjeev Bikhchandani knew that there were far more jobs out there, and wondered if there was a way to aggregate it. In late 1996, at the IT As...
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Sachin Bansal and Binny Bansal were stuck at the same lab in IIT Delhi, trying to complete their delayed projects when they met. In September 2007, bored with their jobs at Amazon, they poo...
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IIT-ians Vidit Aatrey and Sanjeev Barnwal were in their mid-20s when they launched Meesho, a reseller platform in 2015. They had learnt from their previous failed startup that several small...
Image by Courtesy Selvaprakash Lakshmanan / Meesho
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The brainchild of Dhaval Shah and Dharmil Sheth from Mumbai, PharmEasy has emerged as a leader in the online pharmacy space since its launch in 2015 for a reason: India&rsquos drug distribu...
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