The chairman and managing director of the hand-knotted rugs and carpets company speaks about his entrepreneurial journey, and what's the next thing he'd rather focus on
“This boy will become a unique businessman,” Nandkishore Chaudhary’s professor had said to the graduating class when he was asked to define the term ‘business’. “Business is next to love—it is the creator and preserver of civilisation,” he had said.
Chaudhary didn’t belong to a family with a big business. His father sold branded shoes, but he discontinued working with him as he didn’t see any scope for growth. He was then offered a job as a cashier in a government bank, but didn't accept that either.
Realising the demand for Indian carpets abroad, he borrowed Rs5,000 from his father and set up two looms at home, with nine artisans in 1978. That marked the beginning of Jaipur Rugs, now a family-owned company that specialises in hand-knotted and hand-woven rugs and carpets. Today, it has 7,000 looms and works with over 40,000 artisans, of which 90 percent are women, across the country.
The company has grown to eight mono-brand stores in India, exports to 80-plus countries and has stores in international destinations with the latest opening in Singapore on September 28; the other stores are in places like Milan, Dubai and Russia, among others.
Chaudhary credits the progress to his ability to stay true to his passion rather than being driven by ambition. And, consistently loving the people—the villagers—he works with, despite being shunned for it in the beginning for working with “untouchables”. “I was rejected by my family and the society," claims Chaudhary.