Posted On: 2022-01-28 14:33:52
Who are Entrepreneurs?
The entrepreneur is defined as a person who has the ability and aims to establish, administer and succeed in a startup venture along with the risk entitled to it. The process of starting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an inventor, a source of new ideas, a motivator, a good example of goods and services, and for its business/or procedures.
Entrepreneurs play a key role in any economy, using the skills sets, ideas and initiative necessary to anticipate needs and to deliver new ideas to market. Continued growth opportunities with profits and fame are awarded to the entrepreneurship that proves to be successful in taking on the risks of creating a startup.
Women Entrepreneurs
Women entrepreneurs statistics show that 252 million entrepreneurs out of around 582 million in the world are females. Added to 153 million women who have already been driving businesses, we can see the result of women in business. Research also shows that women now account for 41% of the global workforce and control more than $20 trillion in annual spending. Predictions are that this number will go up to $28 trillion in the next few years.
Jaswantiben Jamnadas Popat
Jaswantiben Jamnadas Popat, the founder of Lijjat papad is the most inspiring entrepreneur from the time the term "entrepreneur " was not even used as much as it does today. She has been successful and along with her team of women not just created a brilliant business and a brand, they also created employment for women.
In 2021, Jaswantiben Jamnadas Popat was awarded the Padma Shri Award by the country. As Mentioned in "shethepeople"," When Jaswantiben Jamnadas Popat and seven other neighbourhood women started making papads in 1956, they did not have the slightest idea that their company would grow into a multimillion-dollar industry, decades later".
Initially, along with Jaswantiben, there were seven other women that helped Popat begin the business, gradually, seven became hundreds and currently, thousands of women are employed in this huge industry. Along this successful journey, Popat trained, supported and sustained many women under her to achieve financial independence.
Kiran Mazumdar Shaw
Kiran Mazumdar-Shaw is a billionaire women entrepreneur in India. She is the chairperson and MD of Biocon Limited, a biotechnology company based in Bangalore, India and the former chairperson of the Indian Institute of Management, Bangalore. Named among TIME magazine’s 100 most influential people in the world, she is recognized as a global thought leader for Biotechnology. She founded Biocon in 1978 from her garage. With more than 7000 employees, Biocon reported a 17.68 per cent increase in consolidated net profit at Rs 219.6 crore for the third quarter ended December 31, 2021. As described on the Biocon website, Kiran Mazumdar-Shaw is a first-generation entrepreneur and global business leader with over 4 decades of knowledge in biotechnology. Fueled by her passion and the intensity towards her goals, she is changing lives for the better across the globe.
Falguni Nayar
Falguni Nayar, the founder of Nykaa.com is popularly known for her entrepreneur journey in India. After working 20 years as an investment banker with Kotak Mahindra, she quit the job to chase her own dream. In 2012, she started the company Nykaa, which sells online cosmetic and wellness products despite all her friends being against the idea. Nykaa's share price nearly doubled over the IPO range on a listing, ascribing India's biggest cosmetics retailer a market cap of over Rs. 1 lakh crore and Falguni Nayar net worth of nearly $7.5 billion. With more than 850 brands the company has now introduced 35 physical stores. Nykaa has recently entered the unicorn club with its fresh Rs. 100 crore ($13 million) funding from existing backer Steadview Capital. Nayar is definitely one of the most famous female entrepreneurs in India that anyone should know about.
Nykaa is also India's first unicorn startup headed by a woman, and 58-year-old Nayar is today the second richest businesswoman after Savitri Jindal of the O P Jindal Group.
Chitra Ravi
Chitra Ravi is founder-CEO of the Chennai-based Chrysalis Pvt. Ltd, a company concentrated on improving teaching-learning methods in schools across the country. Over the past 16 years, Chrysalis has grown into a multi-service, multi-product company offering ICT curriculums, teacher empowerment and learning programmes that have transformed their classrooms into ThinkRooms. Chrysalis also supports the CSR (corporate social responsibility) initiatives in education of several top-ranked corporations including IBM, Microsoft and Dell. Starting in the year 2001, Chrysalis has steadily grown from a small organisation of five members to employing more than 100 people today. It is now spread in 11 states, where it is working with almost 2,50,000 students from 800-plus schools. Chitra plans to involve policymakers of the Union government, work closely with state governments to persuade government schools to adopt their new academic programme, partner with private schools across the country, and empower parents to follow their methods.
Ekta Kapoor
Ekta Kapoor started her career at the age of 17, interning with ad and feature filmmaker Kailash Surendranath. She is the founder & Managing Partner of Balaji Telefilms Ltd which was founded in the year 1994. Apart from her; her father Jeetendra Kapoor acts as the Chairman of the firm and her brother Tusshar Kapoor is a sitting director in the company. As per the stats mentioned on Wikipedia, Balaji Telefilms revenues in 2020 were INR 582.68 crore (US$77 million) with an operating income of INR 576.62 crore (US$77 million). The Balaji Girl has produced around 100 TV serials including Chandrakanta, Kahaani Ghar Ghar Kii, Kyunki Saas Bhi Kabhi Bahu Thi, Jodha Akbar, Naagin, and Ye Hai Mohabbatein. She founded a media training school, Institute of Creative Excellence through her production house Balaji Telefilms In 2012.
With the help of crowdfunding, it is easier for entrepreneurs to raise funds for their endeavours and make their dream come true. Instead of waiting in long queues and undergoing tedious paperwork for the loan to support their project, they can simply use the online crowdfunding platform to raise funds. The more of the audience that believes in the project the more they will support the campaign. Filaantro is an online crowdfunding portal where they believe in empowering women and supporting them. Any woman with a great idea can raise the campaign online with just a hassle-free procedure.
The share of female entrepreneurs worldwide changes broadly across regions. Moreover, it’s constantly below the percentage of male entrepreneurs. Yet, in some parts of the world, this gap is smaller than in some others. These women are an inspiration to today's generation, that girls can do whatever they set their mind to. Let us empower our women and girls so that they can achieve their dream and be who they want to be.
Author : Lubdha Dhanopia
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