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 have taken the centrestage
Published: Aug 21, 2021
Sanjeev Bikchandani

Image by : Shome Basu / The India Today Group via Getty Images

  • True Grit: The phenomenal growth of the Indian entrepreneurial spirit
  • Amul
  • Tata Steel
  • JRD Tata
  • Hero Cycles
  • Dhirubhai Ambani
  • Lijjat
  • Har prasad nanda
  • MS Swaminathan
  • Azim Premji
  • Karsanbhai Patel
  • F C Kohli_
  • Kiran Mazumdar Shaw
  • Narayan and Sudha Murthy
  • Anji Reddy
  • Shiv Nadar
  • Sunil Mittal
  • GR Gopinath
  • Sanjeev Bikchandani
  • Flipkart cofounders
  • Meesho cofounders
  • Pharmeasy

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 Asia fair at Delhi’s Pragati Maidan, he saw a stall with a “www” sign and got his first exposure to the internet. He worked out a listing of 1,000 jobs from newspaper ads, and developed the Naukri website in a week. In April 1997, Bikhchandani launched as an Indian job portal. A year later, the dot-com frenzy hit India with skyrocketing valuations. Bikhchandani had known about building a business the traditional way, so when the dot-com bubble burst in March 2001, he put away the money he had raised, safely in a fixed deposit.