Becoming a billionaire is a difficult goal, and some say it requires luck
along with hard work and patience. While there's no guaranteed path, some
say that middle-class individuals in India can increase their chances of
financial success through various means, including:
*Investing:* Diversifying investments across real estate, stocks, mutual
funds, and bonds. Some say to invest early and aggressively.
*Calculated risks:* Learning to take calculated risks and leverage capital
wisely.
*Personal development*: Developing creativity, discipline, and focus.
*Financial planning*: Managing debt, living within means, budgeting, and
creating an emergency fund.
*Real estate*: Investing in real estate.
*Entrepreneurship:* Creating an app or becoming a venture capitalist.
*Reality shows*: Participating in reality shows.
*Financial advice*: Consulting financial experts to make informed
investment decisions.
*Long-term focus*: Avoiding rushing success and instead focusing on
long-term plans.
*Education*: Educating children about financial matters early on.
*Debt management*: Avoiding debt habits and paying off debts as
soon{''}soon as possible.
Some say that building wealth from a disadvantaged economic position
requires a multifaceted approach, including smart financial decisions,
education, and creatively leveraging available opportunities.
The population of India is 133 cr. Create something
unique that every person in India wants your service or product and keep
the price low such as Rs 1.
This way, 133cr x 1 = 133 cr
Now, this is impossible that every person will use your service untill
unless the people of India are bound by gov to use that service and pay you
Rs 1.
Now, what can you do is create a product that is used by 12.5 cr people and
charge them Rs 10 each.
This way, 12.5cr x 10 = 125 cr.
This is nearly impossible but can happen if
You are TATA or Birla or Ambani who have industry in every sector and their
products are used by a large chunk of people.
You are a Baba and having large following eg. Ramdev Baba. This way your
low cost product can reach to masses.
You are on the way of making a unique beverage or candy (pulse) that is
liked by masses.
Now, you are frustrated and want a simple solution so you want to choose
1.25 cr people that are paying taxes and capable of paying 100rs for your
product.
This way, 1.25cr x 100 = 125 cr.
This is possible only if you have a good quality product or service like
any software that can take that Rs 100 note from the pocket of people.
So as of now you can understand what I want to say.
12.5 lakh x 1000 = 125 cr
1.25 lakh x 10000 = 125 cr
12500 x 100000 = 125 cr
So in all these calculations you are providing some values to people and
the worth of that value is ranging from Rs 1 to Rs 1 lakh and so on.
As you increase the value the number of people using that product or
service decreases, this increases the more chances of yourself becoming a
Big B.
So increase the value of your product, you will be a Billionaire.
Here's some information about the number of millionaires and
billionaires in India in 2024:Number of billionaires
India had 185 billionaires in 2024, ranking third in the world behind the
United States and China. This was a 21% increase from the previous year,
and a 123% increase since 2015. The combined wealth of Indian billionaires
increased by 42.1% to $905.6 billion.
Number of centi-millionaires
India has 359 centi-millionaires in its two largest cities, Delhi and
Mumbai. Bengaluru is also emerging as a favorite home for the rich, with a
projected 150% growth in centi-populations over the next 16 years.
Number of millionaires leaving India
Some project that 4,300 Indian millionaires will leave the country in 2024.
The Henley Private Wealth Migration Report 2024 tracks the net inflows and
outflows of millionaires. The report is based on projections from New World
Wealth, which has been tracking wealth migration trends for over a decade.
So already we have so many in India in a level never even
imaginable; once flight was unaffordable; I used to feel the richness when
I went by flights then. Today, Airports are swelled with anyone with lungi
and dishevelled faces. So Zomato is not such a thing as so many had crossed
Zomato level
K Rajaram IRS 231224
---------- Forwarded message ---------
From: 'venkat giri' via iyer123 <[email protected]>
Date: Mon, 23 Dec 2024 at 13:34
Subject: [iyer123] INDIAN START UP ENTREPRENEURES...BIRDS EYE VIEW
To: Iyer <[email protected]>
*Respected Sir/s,*
*SUBJECT**:* *SELF-MADE ENTREPRENUERS.**IITs ROLE*
*IITs** dominate as the premier breeding ground for India's top self-made
entrepreneurs. **IIT Delhi leads with 36 alumni founders**, followed by IIT
Bombay and Kharagpur. IIM Ahmedabad tops the list for postgraduate
institutions, nurturing successful founders like Deep Kalra of MakeMyTrip.*
*The Indian Institutes of Technology (IITs) have
solidified their reputation as the leading incubators of entrepreneurial
talent in India.*
*TOP UNDERGRADUATE INSTITUTIONS*
*Rank*
*UNIVERSITY*
*NO OF FOUNDERS*
NOTABLE FOUNDERS& COMPANIES
*1*
*IIT Delhi*
*36*
*Deepinder Goyal, ZOMATO*
*2*
*IIT Bombay*
*20*
*Bhavish Aggarwal, OLA ELECTRIC*
*3*
*IIT Kharagpur*
*19*
*Asish Mohapatra, **Of Business*
*4*
*IIT Kanpur*
*17*
*Varun Khaitan, Abhiraj Singh Bhal, **Urban Company*
*5*
*IIT MADRAS*
*14*
*Vasant Sridhar, **Of Business*
*6*
*I**ITROORKEE*
*11*
*Harshil Mathur, Shashank Kumar, **Razor pay*
*7*
*DELHI UNIVERSITY*
*10*
*Deep Kalra, Make My Trip*
*8*
*DELHI COLLEGE OF ENGG*
*8*
*Vijay Shekhar Sharma, Paytm*
*9*
*BITS PILANI*
*7*
*Sriharsha Majety, **SWIGGY*
*10*
*UNIV.OF MUMBAI*
*7*
*Varun Dua, **ACKO** General Insurance*
*IITs Dominate*
*IIT Delhi tops the list, with 36 alumni among the featured entrepreneurs,
including Deepinder Goyal, founder of Zomato. IIT Bombay and IIT Kharagpur
follow with 20 and 19 alumni, respectively. Other prominent IITs, such as
Kanpur, Madras, and Roorkee, also feature prominently, showcasing their
role in producing industry leaders like Bhavish Aggarwal (Ola Electric) and
Harshil Mathur (R* *Delhi University and Delhi College of Engineering round
out the list of top undergraduate institutions, **with notable founders
like Deep Kalra of MakeMyTrip and Vijay Shekhar Sharma of Paytm among their
alumni.*
*Postgraduate Institutions**: *
*IIM Ahmedabad leads**, with 16 founders, including Deep Kalra of
MakeMyTrip. The Indian School of Business (ISB) follows with 10 founders,
such as Ruchi Kalra and Asish Mohapatra of Of Business.*
*International institutions like Harvard Business School, Stanford
University, and The Wharton School also feature prominently. Stanford’s
alumni include Nirmit Parikh (Apna), while **Wharton boasts Kavitha
Subramanian of Upstox**.*
*Over the past few years, IITs have consistently seen its students turn
entrepreneurs, launching successful companies and also attracting billions
of dollars in funding** (see ‘Entrepreneurial Scorecard’). At the same
time, the institutions have been improving their ranking at a global scale.
**IIT Bombay**, whose alumnus has launched startups like Groww, **Turtlemint
and Delhivery, has recently become the first Indian institute to be in the
top 150 of QS World University Rankings 2024. In fact, **11 IITs** and 45
Indian institutes made it to the annual international university rankings
this year.*
*IITs** are more than knowledge, conviction and confidence boosters. They
are the **Red Bulls”* *that “Give ONE Wings to **Fly**”. Most of the
startup journey gets nipped in the bud because of the absence of the first
cheque. “IITians are that first cheque. They are Red Bulls,” says the
co-founder of Civilsdaily, a Delhi-based government test prep platform,
adding that a strong alumni network helps to get angel investors on board.*
*The IIT tag doesn’t just help one in starting up**, but also during the
course of entrepreneurship journey. During the initial days of
entrepreneurship, there are hardly any meaningful numbers to look at so
that one can assess a venture and the health of the business. In such a
scenario, it's obvious that venture capitalists (VCs) will look for someone
who they are familiar with. “They will try to reduce the 'unknowns,' ,
adding that there is a lot of subjectivity when one tries to assess if
entrepreneurs have the best understanding of the problem. “Familiarity
becomes important. In many ways, it’s similar to selecting a CXO. *
* IITs have emerged as the breeding ground for founders. “They
foster a culture of innovation, resilience, and unwavering determination”.*
* The entrance examinations, particularly the JEE, serve as a robust filter
that identifies individuals with remarkable qualities of perseverance,
tenacity, and an unyielding work ethic.*
* Regards*
*V.Sridharan*
*Trichy *
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