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Veterans’ success stories inspire entrepreneurs

Posted on Mar 07 , 2011 in Kerala

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Veterans’ success stories inspire entrepreneurs

Special Correspondent


CII Kerala council celebrates its Annual Day

KOCHI: The Annual Day of the Kerala State Council of Confederation of Indian Industry turned out to be an occasion when highly inspiring stories of entrepreneurship were narrated by task masters who built up admirable business from scratch. Among them were veterans and beginners, but the message to the audience comprising largely management students was clear – one needs passion and determination to succeed as an entrepreneur.

M.P. Ramachandran, chairman managing director of Jyothy Laboratories Ltd., the man behind the ‘Ujala’ success story, felt unhappy about the notion on Kerala’s skills in enterprise. It was a post-independent myth that Kerala is not good for doing business. Have desire, try to acquire knowledge and execute meticulously. That was his advice to aspiring entrepreneurs.

Kerala lagged behind other States in industry due to the mindset, observed V. Noushad, director, VKC Rubber Industries Private Ltd. “We failed to convince people that enterprise is worthy,” he said. Cost reduction by available means and incentive schemes for workers had helped his business prosper, he said.

Failure provides a learning experience, said Christo George, chairman managing director of Hykon Group of companies. Get feedback from every employee to tide over crisis; give a reasonable time for returns; have humility, he said.

Venkatesh Iyer, chief executive officer, Goli Vada Pav, recalled the trials and tribulations his enterprise had gone through. The guts to face challenges and the drive to succeed were behind the story of the small-time delicacy reaching world stage, he said. Kunal Varma, partner, Aspirare Ventures; Kirthana Ramarapu, area developer of Kinderdance International Inc.; Akshay Chhugani, founder and chief executive officer, The Indian Backpacker; were among entrepreneurs who addressed the gathering. P.Ganesh, chairman, CII Kerala, Jose Dominic, director, Escapade Resorts Private Ltd., Umang Patodia, managing director of Patspin India Ltd., MSA Kumar, managing director, AVT Natural Products Ltd., and others spoke.


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http://www.hindu.com/2011/03/07/stories/2011030763571600.htm

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