Entrepreneurs Of india Like PC Mustafa - PowerPoint PPT Presentation

About This Presentation
Title:

Entrepreneurs Of india Like PC Mustafa

Description:

We are talking about famous entrepreneurs of India. Who are successful Indian entrepreneurs. And one of them is PC Mustafa. The CEO and Co-Founder of ID Fresh Food Company. He himself failed in class 6. Now owns a business more than 100 -crores company. ID fresh packaged Idli and Dosa Batter which is sold in all major cities of India. – PowerPoint PPT presentation

Number of Views:754

less

Transcript and Presenter's Notes

Title: Entrepreneurs Of india Like PC Mustafa


1
  • PC Mustafa

2
  • PC Mustafa, story of a man who was born in
    lower-middle class family, his biggest ambition
    at that time was just to wear a clean white shirt
    to school every day, like some of his privileged
    classmates.
  • He was a son of a daily wager who grew up in
    Chennalode, a remote village in Wayanad district
    of Kerala.

3
  • Mustafa was so weak in studies and even he got
    failed in 6th standard. This was a much needed
    shock for him.
  • His maths teacher, Mathew sir suggested his
    father to give him another chance and Mustafa
    proved himself, he came first in class seventh.

4
  • Later Mustafa secured admission in Farooq College
    in Kozhikode (Calicut) for his pre university
    course and then got admission in NIT, Calicut.
  • He got his first job in Motorola, Bangalore.
    Company sent him to Ireland for a project and
    then he shifted to Citibank, Dubai.

5
  • With Citibank, his monthly salary was more than 1
    lakh. He sent his first salary 1.3 lakh to his
    father to pay all his debts. His father wasnt
    able to believe that his sons one month salary
    is more than his lifetime debt. Holding that
    money even brought tears to his eyes.
  • After working for 7 years, Mustafa returned to
    Bangalore in 2003 and enrolled for MBA at IIM,
    Bangalore.

6
  • He was having no dreams of becoming Entrepreneur,
    he wanted to be an Engineer.
  • When one of his cousin suggested the idea of
    making Dosa batter and supplying it fresh.
  • Mustafa decided to invest in it and he invested
    25,000 to start the company immediately.
  • Its not about ideas. Its about making ideas
    happen. Scott Belsky,

7
  • Mustafa and his cousins came together and found a
    small place of around 550 square feet and started
    with just two grinders, a mixer and a sealing
    machine.
  • As they planned to supply fresh Idli and Dosa
    batter so they named this venture as ID Fresh.

8
  • From making 10 packets of batter everyday with
    the help of 5 people only they grown up to an
    organization of 1300 employees making 50,000
    packets a day.
  • iD Fresh Food, a private limited company, was
    founded in 2005 by Mustafa and his four cousins -
    Abdul Nazer, Shamsudeen TK, Jafar TK and Noushad
    TA. Mustafa holds 50 percent share in the company.

9
  • As the demand of their company was increasing day
    by day, Mustafa invested another 40 lakh in 2008
    and again in 2009 he sold one of his property in
    Kerela to invest another 30 lakh into the
    business.
  • Soon they expanded their business to Dubai as
    well. They are also planning to expand it in
    other countries (US, Malaysia, Singapore etc).

10
  • Today ID fresh is producing more than 50,000 kg
    every day in their main plant in Bangalore with
    the total investment of around Rs 4 crore  (Rs 40
    million) and revenue of more than Rs 100 crore
    (Rs 1 billion).
  • Mustafa says to all the aspiring entrepreneurs
  • If you have the passion to start something,
    do it immediately. Don't wait for tomorrow.

11
Follow Us
/drilers
/drilers
_at_drilersfortalent
_at_drilers
12
www.drilers.com
Write a Comment
User Comments (0)
About PowerShow.com