|




   

`
 
‡ A person who organizes, operates, and
assumes the risk for a business venture.

‡ An  is a person who has

possession of a new enterprise, venture or idea
and assumes significant accountability for the
inherent risks and the outcome
‡ Entrepreneur is one who starts the business
from scratch i.e. initiating the plan , materializing
and implementing .
‡An Entrepreneur is a person who organizes and
manages a business undertaking, assuming the
risk for the sake of profit. Any person who starts
and operates a business is an entrepreneur.
|





   

|ecoming an entrepreneur is not an easy task!
There are certain qualities that are absolutely
necessary if one would like to become successful
in his/her business ventures.
 '
  



   

È  

È 

 !!
È

!"
È |#$#  #
È  %&
#


È '!
(

È 
# #

È
"
""
È  )*#
+
È $# 

!"
È '

$
 **
È  
È |##%)
!+
  
  

È  . The identification/recognition of market

opportunity and the generation of a
business idea (product or service) to
address the opportunity
  
  

È ·. To gather resources in the face of risk to

pursue the opportunity
  
  

È Î. The creation of an operating business

organization to implement the opportunity-
motivated business idea
  

È aome advantages
È You are your own boss
È Enjoy the profits from you efforts

È aense of pride in your business

È Flexibility in your work schedule

  

È aome disadvantages
È Will need to put in long hours
È Need money to start
È Have to keep up with government rules and
regulations
È May have to mark hard decisions (hiring, firing,
etc.)
È May lose money
  



'
   

 '$
|$|
‡ |uilt India's largest private sector company.
‡ Reliance is the first Indian company to feature in
Forbes 500 list
‡ Over time his business has diversified into a core
specialisation in petrochemicals with additional
interests in telecommunications, information
technology, energy, power, retail, textiles, infrastructure
services, capital markets, and logistics.

‡ Dhirubhai Ambani is credited with shaping India's

equity culture, attracting millions of retail investors in a
market till then dominated by financial institutions.

‡ Dhirubhai Ambani was named the Indian

Entrepreneur of the ·0th Century by the Federation of
Indian Chambers of Commerce and Industry (FICCI). A
poll conducted by The Times of India in ·000 voted him
"greatest creator of wealth in the century".
 
& $|
‡ Chairman and Managing Director of Reliance Industries
Limited, India's largest private sector company
‡ Chosen as ET |usiness Leader of the Year ·006; Ranked
4·nd among the World's Most Respected |usiness Leaders
and second among the four Indian CEOs featured in a survey
conducted by PricewaterhouseCoopers and published in
Financial Times, London, November ·004.
‡ Mukesh Ambani did his |achelors in Chemical Engineering
from University of |ombay and Masters in |usiness
Administration from atanford University, UaA.
‡ Mukesh Ambani joined Reliance in  
  and was the brain
behind Reliance's backward integration from textiles into
polyester fibres and further into petrochemicals. He was also
the incharge of Dhirubhai's dream project Reliance Infocomm.
|
, April   ,   57
|ut after the split in the Reliance Empire, Reliance Infocomm
went to his brother Anil Ambani
 |
‡ Chairman of Anil Dhirubhai Ambani Group
‡ Earlier, before the split in the Reliance Group, Anil Ambani
held the post of Vice Chairman and Managing Director in
Reliance Industries Limited (RIL).
‡ After the split in Reliance Group, Anil Ambani founded Anil
Dhirubhai Ambani Group. He is the Chairman of all listed
Group companies, which include:  


!! 
- 
-  #
 
 !.
‡ Chosen as the 'CEO of the Year ·004' in the Platts Global
Energy Awards and MTV Youth Icon of the Year' in aeptember
·00Î, 'The Entrepreneur of the Decade Award' by the |ombay
Management Association, and '|usinessman of the Year
Award' by leading |usiness Magazine, |usiness India in |
, >une 4,   5
  7.
 >'  
‡ In   Î
, at the age of Î4, >RD was elected Chairman of Tata & aons
making him the head of the largest industrial group in India.
‡ Was Chairman of Tata & aons for 50 years
‡ Had the honor of being India's first pilot
‡Launched Air India International as India's first international airline
‡ Received |harat Ratna in   ·.
‡ He started with  4 enterprises under his leadership and half a
century later on >uly ·6,  

, when he left ,Tata & aons was a
conglomerate of 5 enterprises which they either started or in which
they had controlling interest. |
, >uly · ,   04 in Paris
', on November · ,
  Î
    
‡ Ratan Tata is presently the Chairman of Tata aons, the holding
company of the Tata Group. Ratan Naval Tata is also the Chairman of
the major Tata companies such as  - 

- 

- 

  " -  - 
! -
$
  " .
‡ Honored with Padma |hushan, one of the highest civilian awards in
·000.
‡ In    , Ratan Tata took over the Chairmanship from >RD Tata.

|
, December ·
,   Î7

 '' >
‡ Chairman of Godrej Group
‡ Adi Godrej was born in a business family. His father's name
was |urjorji Godrej and his mother's name was >ai Godrej.
More than a century age, the Godrej's were into
manufacturing locks and vegetable-based soaps.
‡ After the liberalization process, Adi Godrej restructured
company's policies to meet the challenges of globalisation.
‡ Under Adi Godrej's leadership, the group is also involved in
philanthropic activities. Godrej is major supporter of the World
Wildlife Fund in India, it has developed a green business
campus in the Vikhroli township of Mumbai, which includes a
 50-acre mangrove forest and a school for the children of
company employees.
 / >
‡ Chairman of Wipro Technologies, one of the largest software
companies in India
‡ Was among the 50 richest people in the world from ·00  to
·00Î listed by Forbes. In April ·004, Times Magazine, rated him
among the  00 most influential people in the world by Time
magazine. He is also the richest Indian for the past several
years.
‡ Honored with Padma |hushan in ·005.
‡ Azim Hashim Premji was studying Electrical Engineering from
atanford University, UaA when due to the sudden demise of his
father, he was called upon to handle the family business. Azim
Premji took over the reins of family business in   66 at the age
of · .
‡ When Azim Premji occupied the hot seat, Wipro dealt in
hydrogenated cooking fats and later diversified to bakery fats, |
, >uly ·4,   45
ethnic ingredient based toiletries, hair care soaps, baby
toiletries, lighting products and hydraulic cylinders. Thereafter
Premji made a focused shift from soaps to software.
 0
 $0
‡ One of the founders of Infosys Technologies Limited
‡Narayan Murthy began his career with Patni Computer aystems in
Pune. In  
 , Narayana Murthy founded Infosys with six other
software professionals. In  
7, Infosys opened its first
international office in U.a.A.
‡ Narayana Murthy is the Non-Executive Chairman and Chief
Mentor of Infosys Technologies Limited. He is a living legend and
an epitome of the fact that honesty, transparency, and moral
integrity are not at variance with business acumen. He set new
standards in corporate governance and morality when he stepped
down as the Executive Chairman of Infosys at the age of 60.
‡ Asiaweek magazine featured him in a list of Asia's 50 Most
Powerful People. In ·00 , Narayana Murthy was named by
TIME/CNN as one of the ·5 most influential global executives. He
|
, August ·0,   46
was the first recipient of the Indo-French Forum Medal (·00Î) and
was voted the World Entrepreneur of the Year - ·00Î by Ernst and
Young. The Economist ranked Narayana Murthy eighth on the list
of the  5 most admired global leaders (·005) and Narayan Murthy
also topped the Economic Times Corporate Dossier list of India's
most powerful CEOs for two consecutive years - ·004 and ·005.
&
|
‡ Chairman of the Aditya |irla Group
‡ The group is India's third largest business house. Major
companies of Aditya |irla Group in India are !-$
-

  
!-|"

.
Aditya |irla Group's joint ventures include |irla aun Life
(Financial aervices) and |irla NGK (Insulators).
‡ He is a Chartered Accountant and did his M|A (Masters in
|usiness Administration) from the London |usiness achool,
London. Kumar Mangalam |irla took over as Chairman in   5,
at the age of ·
, after sudden demise of his father, noted
industrialist Aditya |irla, after whom the group is named.
‡ Kumar Mangalam |irla has won several honors. Major among |
, >une  4,   67
them include The |usiness Leader of the Year (·00Î) by The
Economic Times, |usiness Man of the Year - ·00Î by |usiness
India, and The Ernst & Young Entrepreneur of the Year - India in
·005.
 & $ 
|orn in a remote village, he got his start when his family moved
to Calcutta and opened a small steel mill. He has a personal
stake of
7.4 percent in the $·· billion (·004 sales) 
. He recently bought Ukraine's largest steelmaker in a
televised auction. His company now accounts for more
than 0% of the world¶s steel production.
 &/
' $`
‡ Chairman & Managing Director of |

, India's biggest
biotechnology company. In ·004, she became India's richest
woman.
‡In   7
, she joined as Trainee Manager with |iocon
|iochemicals Limited in Ireland. In the same year, Kiran
Mazumdar ahaw founded |iocon India in collaboration with
|iocon |iochemicals Limited, with a capital of Rs. 0,000. ahe
initially faced many problems regarding funds for her business.
|anks were hesitant to give loan to her as biotechnology was a
totally new field at that point of time and she was a woman
entrepreneur, which was a rare phenomenon.
‡ Kiran Mazumdar ahaw is the recipient of several prestigious |
, March ·Î,   5Î
awards. These include ET |usinesswoman of the Year, |est
Woman Entrepreneur, Model Employer, Ernst & Young's
Entrepreneur of the Year Award for Life aciences & Healthcare,
Leading Exporter, Outstanding Citizen, Technology Pioneer, etc.
Government of India also felicitated her with Padmashri ( 
)
and Padma |hushan (·005).
 $1'
‡ ahiv Nadar is the Chief Executive Officer of Hindustan Computers
Limited (HCL), India's largest infotech conglomerate
‡ He figures in the Forbes list of Indian billionaires
‡ In  
·, HCL came out with its first computer. Today, HCL derives

0% of its revenue from computers and office equipment.

| 0
‡ Chairman of the aahara Group.
‡ aubroto Roy began his journey in   7
, when he
founded aahara in   7
with three workers in the northern
state of Uttar Pradesh as a small deposits para-banking
business. Today, the group has diversified into a giant
business conglomerate with interests in
#-
!-!"
.
‡ aahara Group presently runs a private airline,
entertainment and news television channels, a newspaper,
and claims to own some ÎÎ,000 acres of real estate across
India. It also sponsors the Indian cricket and hockey teams
and intends to move into life insurance, housing finance,
consumer products, sportswear, and healthcare.
‡ aahara Group has a huge complex in Lucknow, Uttar
Pradesh. The complex is known as aahara City.

 
‡ Chairman and Managing Director of |harti Group, India's largest
GaM-based mobile phone service provider
‡ After graduating from Punjab University in   70s, he set up a small
bicycle business in Ludhiana in partnership with his friend. |y   7 ,
aunil Mittal realized that his ambitions could not be fulfilled in
Ludhiana, so he moved out to Mumbai from Ludhiana.
‡ In  
·, aunil Mittal started a full-fledged business selling portable
generators imported from >apan.
‡ In  
6, aunil |harti Mittal incorporated |harti Telecom Limited
(|TL) and entered into a technical tie up with aiemens AG of
Germany for manufacture of electronic push button phones.
Gradually he expanded his business and by early   0s, aunil
Mittal was making fax machines, cordless phones and other
telecom gear.
‡ In   5, aunil Mittal founded |harti Cellular Limited (|CL) to offer
cellular services under the brand name AirTel
‡ aunil |harti Mittal was chosen as one of the top entrepreneurs in
the world for the year ·000 and amongst 'atars Of Asia', by
'|usiness Week'. He also received IT Man of the Year Award ·00·
from Dataquest and CEO Of the Year, ·00· Award (World HRD
Congress).
 1>00

‡ Chairman of the United |everages (U|) Group; Launched a new

domestic airline called Kingfisher Airline, Rajya aabha M.P.
‡ The U| Group has diversified business interests ranging from alcoholic
beverages to life sciences, engineering, agriculture, chemicals,
information technology and leisure.
  $0
‡ Founder Chairman of >et Airways, , India's largest domestic airline
‡ >et Airways presently operates over η0 flights daily to 4

destinations, of which five are international.
‡ Naresh Goel also figures in Forbes list of Indian billionaires.
 $
|>>
‡ Rahul |ajaj is the Chairman of the |ajaj Group, which
ranks among the top  0 business houses in India.
‡ The |ajaj Group has diversified interests ranging from
automobiles, home appliances, lighting, iron and steel,
insurance, travel and finance.
 $|$|$ 
‡ Daughter of renowned industrialist KK |irla,
ahobhana |hartia is the vice-chairperson as
well as the editorial director of the Hindustan
Times group, which is among India's major
newspaper and media houses.
‡ ahobhana |hartia was also handed the Global
Leader of Tomorrow award by the World
Economic Forum in the year   6. Then again
in the year ·00 , she received the Outstanding |
 -   57
|usiness Woman of the Year award. The
National Press India Award was given to
ahobhana in the year   ·.