ACKNOWLEDGEMENT

I would like to express my special thanks of

gratitude to my business studies teacher “Mrs. Poorvi
Kackar” for their able guidance and support in

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er as
completing my project.

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rs e
I would also like to extend my gratitude to all other
ou urc
persons who have directly or indirectly helped me in
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vi y re

making this project.

ed d
ar stu

Jinesh kothari
is
Th
sh

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 INDEX
S.NO. PARTICULARS PAGE NO.
1. Introduction 1
2. Ramesh Babu 2
3. Early life & Struggle 3
4. Turning Point 4

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5. Starting his Business 5

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6. Breakthrough Idea 6

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7. rs e Start an Entrepreneurial Journey 7-8
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8. Taking Risk 9
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9. Biggest Challenges 10
vi y re

10. Earning 11-12

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11. Earned Title of Billionaire Barber 13

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12. Life Today 14

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13. Success Mantra 15

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14. Other Information 16-17

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15. Summary 18
16. Conclusion 19

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INTRODUCTION
The project is based on the study conducted on
Ramesh Babu:- Billionaire Barber. It aims at
understanding the Inspirational and Successful story of
An Successful Indian Entrepreneur who was a Barber
and is now a Billionaire.

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er as
An attempt is made to study the entrepreneur’s

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eH w
o.
Life History, Struggle, and Business and to gain some
rs e
ou urc
motivation to be a Successful Indian Entrepreneur.
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Ramesh Babu from Bangalore has proven that good

aC s
vi y re

business skills can take you to new heights. The story of

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this ordinary businessman with extraordinary wealth will

ar stu

leave you gaping in surprise.

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This Inspirational story of Ramesh Babu, Billionaire

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Barber, and Indian entrepreneur will surely inspire

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everyone.

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RAMESH BABU
Ramesh Babu,“Billionaire Barber”
was born up in a poor family in
Bangalore. His father was a barber
in Bangalore.
He was in the second standard and doing his
midterm exams, someone called him that his father has

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passed away he might a massive heart attack.

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His father left behind was a saloon business or

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rundown small Barber Shop on Bridged road, Bangalore.
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His father, P. Gopal, passed away when he was
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just seven years old. It was a tuff day for his mother who
vi y re

had to work as a servant and to help feed her children

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and give them a decent living.

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She earned perhaps
40-50 per month that used

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for everything, including our clothes, books, fees, and

Th

everything.
sh

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EARLY LIFE AND STRUGGLE

Life wasn’t always hunky dory for
this man. He was only 7 years old
when his father, P Gopal, a barber
in Bangalore, died. All he left
behind was a barber shop: little did he know that his son
would become a billionaire even before he turned 40.

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With her husband no more, Ramesh Babu’s

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mother had to work as a cook to help feed her children.

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Since she couldn’t run the barber shop, she rented
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it out for Rs 5 a day. His father had left behind a saloon
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business on Brigade road which his uncle took to

vi y re

running. He gives them five rupees a day from that.

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Ramesh Babu took up different odd jobs to make a

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little extra money. He started part-time newspaper

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delivery work, milk bottles supplying and whatever else

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was convenient to support his family at the age of 13.

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He continued his studies while supporting his

family. Somehow, he finished his tenth standard study.


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TURNING POINT
Sometime in the nineties, when he
was in my first PU, his mother
had a bitter fight with his uncle.
His uncle had simply stopped
paying them any money. He told mother that he should
take over the saloon and run it myself.

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She was adamant that he prioritize education,

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but he started working at the saloon too and learning

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rs e
the ropes of the business.
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In the mornings, he would be at the saloon and
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evenings at college. Then again at night he would return

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to the saloon, which would remain open till 1 in the

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morning. Since then he have been called a barber.

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He then decided to run it himself and in 1989, he

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began working at the salon that had first been

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established by his grandfather.

sh

He has now one son and two daughters.

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STARTING HIS BUSINESS

Working at the shop which he
later named as Inner Space, he
always dreamt of owning a car. So
he purchased a Maruti Omni and started renting it
out. What began as a passion soon translated into an

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enormously successful car-rental business.

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In 2004, he got into the luxury car rental and self-

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drive business after the government opened up the
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tourism sector. Ramesh Tours and Travels hasn’t looked
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back since.
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Since then, there has been no stopping Ramesh.

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From B-town stars to politicians, everyone has travelled

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in his cars. “He have had plenty of clients and thus, his
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cars have been used by many big names. From

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Aishwarya Rai Bachchan to Amitabh Bachchan to SRK,

mostly everyone has been driven around in his cars.”
sh

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BREAKTHROUGH IDEA
He wanted to do something,
so he planned to buy a car.
He also always dreamt of
owning a car and passionate
about fancy cars. In 1993, He bought a used Maruti Van

m
(Omni) car from his little savings and own hard-earned

er as
co
money with the help of his uncle, calls him a Baba.
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To get a loan, his grandfather had to mortgage his
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family house to enable the car loan. He got a car loan
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from the Karnataka State Finance Corporation, which

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was the only bank, which is to give loans those days

after buying the car and he thought to keep it for his
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first self-use.
The EMI was about
6,800 and he knew that as a
is
Th

barber, he could earn a monthly ten thousand or twenty

thousand. It was not sufficient to pay the EMI.
sh

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