This 100-year-old hidden corporate group is geared up for the future
increase in middle-class income and the growing aspirations of the people. The rise in internet usage has also led to the founding of many new startups. With India's large population, there is a greater demand for solutions to problems and innovations that make lives easier.
Additionally, India has a relatively young population compared to many other countries, and this ambitious demographic is eager to create their own opportunities. The increasing trend of entrepreneurship in India can also be attributed to rising education levels and government initiatives. The launch of shows like Shark Tank India has further bolstered this momentum, inspiring individuals to embark on their entrepreneurial journeys.
However, it's important to note that entrepreneurship is more of an art than a science, as it requires careful attention to various aspects. The challenges include the need for resources, significant time commitment, financial risks, uncertainty, and the high failure rate associated with startups. So, it’s often wise to consider investing in an established business.
One noteworthy group we're discussing today is the Kirloskar Group. A century ago, Laxmanrao Kirloskar started his journey with a small bicycle repair shop in Belgaum, Karnataka, India. Over time, he transformed it into a modest machine tool workshop, manufacturing not only iron ploughs but also chaff cutters - just one example of the engineering innovations that would shape the group's future.
He is celebrated as a pioneer of Indian industry and a notable social reformer. Today, Kirloskar is recognized as the leader in castings, diesel engine manufacturing, backup power solutions, pneumatic packages, and cooling solutions. First on the list is Kirloskar Oil
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