As time changes, the emergence of women entrepreneurs in India has shown that women in business are able to match the success of their male colleagues. Despite the increase, women entrepreneurs continue to face several unique challenges. These challenges often range from lower personal financial assets to gender discrimination and social tabu.
Even though the word entrepreneur is a gender neutral term, it has long been provided for men. While the success stories of entrepreneurs are often recorded, their difficulties and struggles are rarely touched.
Below, we will include some female entrepreneurs in India who opposed the norms, taking risks, facing obstacles and reaching the peak of success.-
1. Kiran Mazumdar -Shaw founder of Biocon
Kiran was a girl who decided to follow her fathers footstep after completing graduation with a bsc in Biology and Zoology in late 1970. Her father was her inspiration because he was the head of India’s top beer company which inspired her to change her career.
After completing her training as brew master in Australia she admired a job on the basis of her newfound knowledge in Indian companies but as today mostly Indian brewing Industries was male dominated and refused her for a job.
At that time she decided to begin a small business from scratch. Thus, she understood that India was not kind to women in business because male entrepreneurship was in tradition.
Fortunately, Kiran launched Biocon India in 1978 as a joint venture with Ireland-based Biocon Biochemicals, retaining a 70% stake in the company and established a partnership with Leslie Auchincloss.
Snapshot of motivation
Now her company with a high market capitalization of $7bn on the Bombay Stock Exchange became one of the largest biotech companies of India.
2. Richa Kar, Co-Founder & CEO of Zivame
She was from a very conservative family of Jamshedpur, She completed her engineering with BITS Pilan after that she continued her master’s from Narsee Monjee Institute of Management Studies in 2007.
Then she worked for SAP Retail Consulting from which she gained valuable experience. At that time she realized a social discomfort that was causing a myriad of issues for both women shoppers and retailers.
To take care of this issue, she fostered a business thought to assist ladies with understanding their unmentionable needs and get the right items without issue. In 2011, she helped to establish Zivame (signifying “brilliance” in Hebrew) with her companion Kapil Karekar to place her thoughts into play.
At first, she needed to beat a few difficulties — including pushback from her family. Discussing underwear was a significant issue in India. Another enormous test was tracking down ways of financing her undertaking. In the underlying stage, Richa acquired Rs. 30,00,000 from companions and close family.
The organizers began in a little office space. As the business developed, the organization got financing from financial backers including IDG Ventures, Kalaari Capital and Unilazer Ventures.
In three years, Zivame developed from an independent venture to a group of in excess of 200 individuals. It is presently one of India’s driving internet based underwear stores, making Richa perhaps the most powerful female entrepreneur.
3. Jyoti Naik, Ex-President, Shri Mahila Griha Udyog, Lijjat Papad
Jyoti Naik was 12 years of age when she joined her mom in making papad (a slim, fresh, round flatbread from India) in the mid seventies. The brand they worked for, Shri Mahila Griha Udyog Lijjat Papad, was begun by seven ladies way back in 1959 with an unobtrusive credit of Rs.80.
Growing up, Jyoti was the oldest among her four siblings and sisters. After the unexpected death of her mom in 1976, she kept maintaining different sources of income at Lijjat Papad while really focusing on her four kin.
Snapshot of motivation
In the long run she became president in 1999, where she helped assemble a manageable plan of action inside the organization and utilized numerous town ladies.
Her commitments to Lijjat Papad’s extraordinary plan of action grants a feeling of uniformity and equity. It serves to outfit Indian ladies with nobility, independence and confidence.
Despite the fact that Jyoti has since resigned, she extended the ladies’ agreement into an easily recognized name.
4. Upma Kapoor, Founder of Teal and Terra
Brought up in Delhi, Upma lost both her folks in an appalling mishap when she was 12 years of age. She went to live with her sister and brother by marriage and finished her MBA in finance from ICFAI.
Snapshot of motivation
She worked in the corporate area for right around 15 years and afterward passed on her comfortable task to wander into the magnificence business. Business was consistently at the rear of her psyche, which motivated her to make Teal and Terra.
Upma subsidized Teal and Terra with her reserve funds and commitments from loved ones.
The organization banks on the well established insight of Ayurveda and its corrective items are all-normal. Valued from Rs. 500 onwards, Teal and Terra basically creates hair and healthy skin items.
In a limited capacity to focus time, Teal and Terra has had the option to situate itself as an acclaimed brand in the magnificence business, with a lump of its income coming from rehash purchasers.
The shift from the help business to business was certainly not a simple ride.
There were many difficulties in the way, including brand acknowledgment and firm contest from the set up players in the fragment. She additionally needed to battle to keep a sound balance between fun and serious activities as a single parent (or mompreneur).
Regardless, inside an essentially limited ability to focus time, all the difficult work and steadiness has paid off. Upma began with about Rs 7.5 lakh and in only a long time since its dispatch, Teal and Terra have clocked in an income of Rs 2.24 crore and figured out how to cut its very own specialty.
5. Vandana Luthra – Founder of VLCC
Vandana Luthra began VLCC as a wellbeing community in 1989 on a little bank credit, with an emphasis on wellbeing and magnificence in New Delhi.
Throughout the long term, she has suffered analysis and contest to turn into a wellbeing sovereign – an idea that was an outsider idea way, harking back to the 1980s.
Naturally introduced to an informed working class family, her dad was a mechanical specialist and her mom was an Ayurvedic specialist who ran an association called Amar Jyoti.
Snapshot of motivation
Like her folks, Vandana was motivated by affecting somebody’s life and making the world a superior spot to live in. She later followed her fantasies by going to Europe to concentrate on magnificence and health. Vandana began the health and excellence goliath VLCC back in 1989 when her girl was only a little child.
She confronted the run of the mill difficulties of a mompreneur, while attempting to adjust to a solid work-life at home.
Other than business being a male-overwhelmed space, she additionally confronted solid analysis in the underlying phases of her marking. She frequently needed to persuade specialists and the clinical brotherhood about the idea of wellbeing.
Persuading them implied she needed to enroll an assortment of specialists in the excellence, wellbeing and wellness fields to show that all encompassing medical care was staying put — and in addition to a trend.
Her organization has since developed from the little office she held in Delhi. Today VLCC has spread its wings to 11 nations in Southeast Asia, the GCC Region and all the more as of late East Africa.
The organization additionally has two assembling units, one in Haridwar, India and one more in Singapore.
6. Priya Paul – Chairperson of Park Hotels
Priya Paul is viewed as one of the best female business people in India and an amazing figure in the accommodation business. She hails from a renowned business family, Apeejay Surrendra Group.
Subsequent to finishing her graduation in Economics from Wellesley College in the U.S, Priya joined the privately-owned company at the advertising Division of Park Hotels. She at first answered to her dad and Chairperson, Surrendra Paul. In under two years, she turned into the Acting General Manager of The Park, New Delhi.
Notwithstanding, in 1990, she lost her dad in a sad occurrence when the ULFA assailants gunned down Surrendra Paul. Just a single year before that episode, Priya’s more youthful sibling Anand passed on in an auto collision. These occurrences left a vacuum both in the family and at the working environment.
Snapshot of motivation
At an extremely youthful age of 23, and with very little experience, Priya was left to deal with every one of the three inns of The Park – a colossal test that she gravely took up. Before long, she understood the inns required a significant remodel and made a sort of unrest in India’s neighborliness industry.