Entrepreneurship

It is a philosophy or process through which an entrepreneur seeks innovation and employment.The activity of organizing, managing, and assuming the risks of a business (or) enterprise.

Entrepreneur

An individual who bears the risk of operating business in the face of uncertainty
about the future conditions. (New Encyclopedia Britannica).

Who can be an Entrepreneur?

  • Who feels the need for achievement.
  • Who can take moderate risks.
  • Who possess skills in organizing.
  • Who can capitalize on opportunities.
  • Who has some financial strength.
  • Who has the ability to work hard.
  • Who has the desire for responsibility.

Qualities to Become a Successful Entrepreneur

  • Self-Discipline
  • Integrity
  • Persistence
  • A Clear Sense of Direction
  • Decisive and Action Oriented
  • Passion


Advantages of Entrepreneurship to an Individual

  • Provides Self Employment for the entrepreneur
  • Entrepreneur can provide employment for near & dear one as well
  • Entrepreneurship often provides an employment and livelihood for next generations as well.
  • Freedom to use own ideas
  • Unlimited income / higher retained
  • Independence
  • Satisfaction

To the nation

  • Provides larger employment
  • Mobilizes local resources, skills, and savings
  • Accelerates the pace of economic development
  • Stimulates innovation & efficiency

List of Popular Indian entrepreneurs. (Wikipedia)

Name Associated Company Name Associated Company
Achyuta Samanta KIIT Group of Institutions Ajay Piramal, Swati Piramal Piramal Enterprises Ltd
Anand Mahindra Mahindra and Mahindra Anil Agarwal Vedanta Resources
Ardeshir Godrej, Pirojsha Burjorji Godrej, Adi Godrej Godrej Group Azim Premji Wipro
Baba Kalyani Bharat Forge Bhargav Sri Prakash FriendsLearn
Bhavish Aggarwal Ola Cabs Brijmohan Lall Munjal Hero Group
Chenraj Roychand Jain University Chirag Kulkarni Insightfully
Mukesh Ambani Reliance Industries Dilip Sanghvi Sun Pharmaceutical
Ekta Kapoor Balaji Telefilms Faisal Farooqui MouthShut.com
G. R. Gopinath Air Deccan Gautam Thapar Avantha Group
Grandhi Mallikarjuna Rao GMR Group Gunupati Venkata Krishna Reddy GVK Group
Jagdish Chandra Mahindra Mahindra Group Jamnalal Bajaj, Rahul Bajaj Bajaj Group
Ratan Tata Tata Group Ratan Tata Tata Group
K. M. Vasudevan Pillai Mahatma Education Society Kalanithi Maran Sun Group
Kallam Anji Reddy Dr. Reddy’s Laboratories Karsanbhai Patel Nirma
Kartikeya Sharma India News Khwaja Abdul Hamied Cipla
Kiran Mazumdar-Shaw Biocon Kishore Biyani Future Group
Kochouseph Chittilappilly V-Guard Industries Ltd Kumar Mangalam Birla Aditya Birla Group
Kunwer Sachdev Su-kam Power Systems Lakshmi Mittal ArcelorMittal
Laxmanrao Kirloskar Kirloskar Group M P Ramachandran Jyothy Laboratories
Mallika Srinivasan Amalgamations Group Mangal Prabhat Lodha Lodha Group
N. R. Narayana Murthy, N. S. Raghavan, Kris Gopalakrishnan, Nandan Nilekani Infosys Narendra Bansal and Keshav Bansal Intex Technologies
Naveen Jain Moon Express Naveen Tewari InMobi
Pradeep Kar Microland Pranay Chulet Quikr
Prannoy Roy NDTV Prathap C. Reddy Apollo Hospitals
Ramoji Rao Ramoji Group R. P. Goenka RPG Group
Rohit Bansal and Kunal Bahl Snapdeal Sachin Bansal and Binny Bansal Flipkart
Shashi Ruia and Ravi Ruia Essar Group Shiv Nadar HCL Technologies
Subrata Roy Sahara India Pariwar Sujayath Ali Voonik
Sunil Mittal Bharti Enterprises V. G. Siddhartha Café Coffee Day
Venugopal Dhoot Videocon Verghese Kurien Amul
Vijay Shekhar Sharma Paytm Vishal Gondal Indiagames
Walchand Hirachand Walchand group