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
Flipkart cofounders

Image by : Hemant Mishra / Mint 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

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 pooled in ₹4 lakh and started Flipkart, selling books that were easy to list, ship and find vendors for. In the early days, the Bansals rode around Bengaluru on bikes every alternate day, delivering orders. They also sourced the books, for which they sometimes scoured through warehouses for hours. By 2012, Flipkart had become a unicorn, and by 2013-14, it set new benchmarks for online retail in India by building an unrivalled logistics and supply chain operation. In 2018, US retailer Walmart acquired Flipkart for $16 billion, and led to the exit of the founders.