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Entrepreneurs Of india Like PC Mustafa

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. <br>https://www.drilers.com/post/pc-musthafa--once-failed-in-class-6-is-now-a-ceo-of-100-crore-company

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Entrepreneurs Of india Like PC Mustafa

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  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 wasn’t able to believe that his son’s 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. “It’s not about ideas. It’s 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”.

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  12. www.drilers.com

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