AN ASSIGNMENT ON “SUCCESSFUL AND UNSUCCESSFUL ENTREPRENEURS OF INDIA” Semester:6 Submitted by
HEMANTH R 1CD21EE018
Internal guide
Prof. V K Gupta Assistant Professor Dept. EEE, CIT
CAMBRIDGE INSTITUTE OF TECHNOLOGY
K.R Puram ,Bengaluru -560036 DEPARTMENT OF ELECTRICAL AND ELECTRONICCS ENGINEERING SUCCESSFUL ENTREPRENUR Deep kalra Deep Kalra is an Indian businessman who is the Founder &Chairman of MakeMyTrip, an Indian online travel company.
DEEP KALRA ACHIVEMENTS
Deep Kalra, founder of MakeMyTrip, has significantly impacted the Indian travel industry since establishing the company in 2000. Under his leadership, MakeMyTrip transformed online travel booking in India and became the first Indian travel company listed on NASDAQ in 2010. Kalra led the company's expansion and strategic acquisitions, such as the merger with Ibibo Group in 2017, cementing its market dominance. Recognized for his entrepreneurial prowess, he has received numerous accolades, including 'Best Travel Entrepreneur of the Year.' Beyond his corporate achievements, Kalra is a philanthropist and mentor, supporting startups and educational initiatives like Ashoka University. His innovative leadership has ensured MakeMyTrip's resilience and growth amidst market challenges.
NAME Deep Kalra
Born April 18, 1970
Birthplace Hyderabad, India
Bachelor’s in Economics, St. Stephen’s College,
Education Delhi University, India in 1990
Founder and Executive Chairman of
Position MakeMyTrip.
Net Worth approximately ₹1,160 crore INR
DEEP KALRA-Early Life And Education
Deep Kalra was born on April 18, 1970, in Hyderabad, India, and grew up in various cities due to his father's transferable job. He completed his schooling from various schools, finally finishing at St. Columba's School in Delhi. For higher education, he attended St. Stephen's College, Delhi University, where he earned a Bachelor's degree in Economics. Kalra then pursued an MBA from the prestigious Indian Institute of Management, Ahmedabad (IIM-A), which played a significant role in shaping his entrepreneurial journey and business acumen.
DEEP KALRA- GoaI Initiatives
Deep Kalra has made significant contributions to entrepreneurship and innovation. He actively mentors and invests in startups, offering guidance through platforms like TiE and startup incubators. His involvement helps nurture emerging businesses and foster a dynamic entrepreneurial ecosystem. In the realm of philanthropy and social impact, Kalra is a founding member of Ashoka University, where he focuses on enhancing higher education in India. He also supports various initiatives in education, healthcare, and community development, aiming to make a tangible difference in society. Kalra’s commitment to sustainable tourism is evident through MakeMyTrip’s projects that promote eco-friendly travel practices and support local communities. He is also a strong advocate for digital transformation, leveraging technology to enhance the travel experience and streamline industry operations.
DEEP KALRA-Awards and Recognition
Best Travel Entrepreneur of the Year at the TTG Travel Awards Entrepreneur of the Year by various organizations Top 50 Most Powerful People in Travel in global industry lists Digital Impact Awards for advancing digital transformation UNSUCCESSFUL ENTREPRENUR Naveen Mishra
Story of Naveen Mishra
He was consulting in tech and business straight out of college, started a few ventures and now co-founder of a company called Crowdraising (The platform for the future of work). His first company and very close to his heart was an electric motorcycle company that he started called Mishra Motors. It was right around the time Mission Electric and Electric vehicles, in general, were taking off. It was going to be the premier electric sports bike in India. Dr. Naveen Mishra was born in Deoria (Uttar Pradesh), India on October 04, 1990. Currently, he is working as an assistant professor (senior) in the School of Electronics Engineering, Vellore Institute of Technology, VIT University Vellore. He joined the VIT University in May 2019. He joined the Department of Electronics Engineering, Indian Institute of Technology (Indian School of Mines) Dhanbad, in January 2014, as a Junior Research Fellow, where he worked as a Senior Research Fellow from January 2016 to May 2019. He completed his Doctorate Degree from Indian Institute of Technology (Indian School of Mines) Dhanbad on the thesis entitled as "Investigations on Different Microwave Metamaterial Structures and Their Applications" in May 2019. He received the B. Tech. degree in Electronics & Communication Engineering from Uttar Pradesh Technical University, Lucknow in 2010. He has been worked as an assistant professor from August 2011 to January 2014 in ABSS I.T. Meerut affiliated with Uttar Pradesh Technical University Lucknow, U.P. India. His current research interests involve Metamaterials structures and its applications. Currently, he is also serving as an active reviewer for IEEE Access, Progress In Electromagnetic Research and International Journal of Electronics Engineering.
Beginning of his professionalism
Naveen Mishra began his professional journey in the automotive industry after completing his degree in Mechanical Engineering from VIT. This early phase of his career was marked by a rapid ascent through the ranks, thanks to his innovative ideas and dedication. These formative years provided Naveen with the crucial skills and insights that would later serve as the foundation for establishing Mishra Motors in 2014. Falling Deep The road to success was not without its challenges. In the early years of Mishra Motors, Naveen faced significant setbacks. One of the major hurdles was securing funding for the venture. Initial attempts to attract investors were met with skepticism, as the automotive market was highly competitive and dominated by established players. Despite numerous rejections and financial struggles, Naveen's unwavering belief in his vision kept him going. During this period, Mishra Motors encountered production issues that led to delays and increased costs. The stress of managing a fledgling company with limited resources took a toll on Naveen. There were moments when the dream seemed almost unattainable, and the prospect of failure loomed large. In addition to professional challenges, Naveen also faced personal hardships. Balancing the demands of a startup with family responsibilities strained his relationships and tested his resilience.
Realising the truth
In the midst of these trials, Naveen Mishra experienced a
pivotal moment of realization. He understood that the key to overcoming his challenges lay in embracing adaptability and continuous learning. He recognized that failure was not a dead- end but a stepping stone to innovation and improvement. This epiphany shifted his approach, leading him to foster a culture of resilience and creativity within Mishra Motors. By focusing on collaboration, leveraging feedback, and maintaining a customer-centric approach, Naveen turned setbacks into opportunities, ultimately steering Mishra Motors toward success and establishing himself as a forward-thinking leader in the automotive industry.
Major Problems Faced
1. Securing Funding: - Difficulty attracting investors due to market skepticism. - Financial strain impacting company operations and growth. 2. Production Issues: - Delays in production processes. - Increased costs and resource management challenges. 3. Market Competition: - Competing against well-established automotive industry players. - Establishing a market presence and gaining traction. 4. Personal Struggles: - Balancing startup demands with personal responsibilities. - Managing stress and maintaining relationships during challenging times. 5. Building a Dedicated Team: - Recruiting and retaining talented individuals. - Fostering a culture of resilience and innovation. 6. Adapting to Failures: - Learning from setbacks and turning them into opportunities. - Maintaining a customer-centric approach despite challenges.
