Professional Documents
Culture Documents
Entrepreneur Assignment
Entrepreneur Assignment
BACKGROUND
Adani moved to Mumbai to start working as a diamond sorter. His first job
lasted for 2-3 years, but by then, he had learned the nitty-gritty of the
business and how it changes with the market. His knowledge of the trade
helped him set up a diamond brokerage. It was the first business that he
tried his hands at. The next break of his life came when his brother,
Mahasukh Adani, called him back to Ahmedabad to work at the plastic
factory he had started. Gautam joined the firm, and soon he was importing
polyvinyl chloride or PVC to India. The event marked his entry into the
global trade arena.
Major Milestones
In May 2020, Adani won the world's largest solar bid by the Solar Energy
Corporation of India (SECI) worth US$6 billion. The 8000MW photovoltaic
power plant project will be taken up by Adani Green; Adani Solar will
establish 2000MW of additional solar cell and module manufacturing
capacity.
In September 2020, Adani acquired a 74% stake in Mumbai International
Airport, India's second busiest after Delhi.
In November 2021, while speaking at the Bloomberg India Economic
Forum, Adani said the group is investing US$70 billion in a new green
energy business. In July 2022, he offered new details on how this
investment will be utilized to build three giant factories – solar,
electrolyzer (to make green hydrogen), wind turbine plants.
In February 2022, he became Asia's richest person, surpassing Mukesh
Ambani, and in August 2022, he was named the 3rd richest person in the
world by Fortune.
In May 2022, Adani family acquired Ambuja Cements and its
subsidiary ACC from Swiss building materials giant Holcim Group for $10.5
billion, through an overseas special-purpose entity.
In August 2022, AMG Media Networks Limited (AMNL), a unit of Adani
Group, declared that it planned to buy RRPR Holding, owner of 29.18% of
national news broadcaster NDTV, and made an open offer to buy a further
26%.
Information about business venture
Industry Conglomerate
Obstacles
Marketing strategy
Adani Group. The company has set its site on to be a
world-class business leader and enrich lives by
contributing to nations by building infrastructure
through sustainable value creation.
Adani Group has done many successful marketing
campaigns which helped them to reach their customers
and also establish credibility and a feeling of truth and
justice in the campaigns.
#SoundsOfGoodness
Campaign was held by
teaming up with
RepIndia and Adani
Group’s Digital
Partners.
On the occasion of the World Trade Organisation on 5th
June 2020, the aim was to generate much-needed
awareness about the environment and share sounds of
nature that inspired their eco-friendly and sustainable like
mangrove plantations and
renewable energy.
The campaigns enthused
millions to take a step
forward and preserve mother
nature in all its bounty and
splendour.
Adani group has done many other campaigns for marketing their
products and services which has also helped in the welfare of the
society.
Visions for future
The main vision of Gautam Adani and The Adani Group is to become
a world class leader in businesses that enrich the lives of people and
contribute to the nations to built infrastructure with sustainable value
creation.
Gautam Adani’s renewable energy company is targeting to set up
45gigawatts of renewable energy capacity by 2030, as it looks to cut
emissions and help India meet its carbon neutrality target.
Adani Wilmar’s vision is to be a leading agribusiness company
committed to sustainably deliver safe, nutritious and quality
agriculture commodity and food through innovation, highest
standards of environmental, social and governance practices and the
creation of livelihoods in communities.
FALGUNI NAYAR
Major Milestones
Today, Nykaa stands as a multi-billion dollar brand, with
Nayar's net worth reaching an impressive $2.7 billion, securing
her a place among India's wealthiest individuals. Nayar took
53.5% stake in the company, became India's richest self-made
female billionaire on the listing day.
Today, Nykaa stands as a multi-billion dollar brand, with
Nayar's net worth reaching an impressive $2.7 billion, securing
her a place among India's wealthiest individuals. Nayar took
53.5% stake in the company, became India's richest self-made
female billionaire on the listing day.
Getting into Indian Institute of Management, Ahmedabad is also
one of the major milestones in falguni’s life.
Information about business venture
Nykaa is an Indian e-commerce company headquartered
in Mumbai. It sells beauty, wellness and fashion products
through its website, mobile app, and over 100 physical
stores. In 2020, it became the first Indian unicorn
startup headed by a woman.
Nykaa sells products which are manufactured in India as well
as internationally. In 2015, the company expanded from online-
only to an omnichannel model and began selling products apart
from beauty. As of 2020, it retails over 2,000 brands and
200,000 products across its platforms.
The brand name Nykaa is derived from
the Sanskrit word nayaka, meaning actress or "one in the
spotlight". The website was first launched around Diwali 2012,
and was available commercially in 2013.
In 2015, the company expanded from online-only to an
omnichannel model and began selling fashion products.
In 2018, Nykaa launched Nykaa PRO. It is a premium
membership program that provides users special access to
professional beauty products and offers on the Nykaa app. In
2018, the company also launched an online beauty
forum called Nykaa Network.
In March 2020, Nykaa raised ₹100 crores (US$13 million) from
Steadview Capital at a valuation of US$1.2 billion, making it
a unicorn startup. This was followed by another tranche of ₹67
crores (US$8.4 million) funding by Steadview in May 2020.
In October 2020, the company launched Nykaa Man, India's
first multi-brand ecommerce store for men's grooming. The
company expanded into fashion by launching Nykaa Design
Studio, which was renamed to Nykaa Fashion.
In November 2020, global asset management
firm Fidelity invested in the company through a secondary sale
of shares from an existing equity investor.
In December 2020, Nykaa Fashion launched its first store in
Delhi, making the fashion business omnichannel.
Nykaa opened its initial public offering (IPO) on 28 October
2021. The IPO raised ₹5,352 crores (US$670 million) at a
valuation of US$7.4 billion. Nykaa was publicly listed on
the NSE and BSE on 10 November 2021, and its price rose by
89.2% on opening day, valuing the company at nearly US$13
billion. Founder Falguni Nayar, who owned a 53.5% stake in the
company, became India's wealthiest self-made female
billionaire on the listing day.
Nykaa follows an inventory-based model with warehouses in
Mumbai, New Delhi, Pune, Haryana, Kolkata and Bangalore. In
2020, in addition to its primary ecommerce business, it has an
offline presence via 76 brick-and-mortar stores across the
country. It claims to have over 200,000 products across 2,000
brands.
It has three offline store formats called Nykaa Luxe, Nykaa On
Trend and Nykaa beauty Kiosks. The Luxe format features
international luxury beauty brands such as Huda Beauty,
MAC, Dior, and Givenchy along with Nykaa Beauty, the in-
house collection of beauty products. The Nykaa On Trend
format has products curated by category basis their
popularity. In India, Nykaa is the only retailer that sells
international brands like e.l.f, Charlotte Tilbury, Tonymoly,
Becca, Sigma, Limecrime, Dermalogica, and Murad as well as
national bestsellers like Lakme, plum.
Obstacles
Marketing strategy
Nykaa
employs high-
end content to
display
worldwide
trends, which
has proven to
be a winning
formula for the
brand name,with some of the best content marketing
campaigns under its belt. People consume content, which is
why the brand has created a unique strategy that creatively
utilizes the power of content by building an enthusiastic team of
young professionals.
1. YouTube Marketing
2. Marketing through website
3. Email Marketing
4. Influencer marketing and building a network
5. Social media marketing
Future Vision
Falguni Nayar said that Nykaa could continue on a similar
journey that it has followed in the past decade to take the brand
to unimaginable success and more. Falguni Nayar was
speaking at Hindustan Times Leadership Summit 2022.
Falguni just wishes to achieve more and more excellence and
to take her brand to the best level of success.
TILAK MEHTA
Tilak Mehta, one of India's youngest and most
successful entrepreneurs, who embarked on
his entrepreneurial journey at the tender age
of 13.
Tilak Mehta, one of India's youngest and most
successful entrepreneurs, who embarked on
his entrepreneurial journey at the tender age of 13.
Background
Entrepreneurial Journey
Major Milestones
Marketing Strategy
Tilak Mehta took the help of social media marketing and mouth
publicity to make his business venture Papers-N-Parcels
successful.
Social media marketing played an important role in the success
of his venture for delivering parcels from one place to another
on the same day.
Future Visions
Background
Major Milestones