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
Jaswantiben Popat and six others—Jayaben Vithalani, Parvatiben Thodani, Ujamben Kundalia, Banuben Tanna, Chotadben Gawade and Laguben Gokani—thought up this enterprise on the terrace of their building in Girgaum, Mumbai, in 1959. Their first production, a kilo of papad earned 8 annas. Shri Mahila Griha Udhyog Lijjat Papad became a revolution that changed the face of cottage industry in India. The company’s current annual turnover is over ₹800 crore.
