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
By: Madhu Kapparath
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 became India’s largest manufacturer of bicycles, making 7,500 cycles a day. By 1986, it was producing over 18,500 cycles a day, becoming`g the world’s largest cycle manufacturer.
