The MBA Drop Out, who started selling tea on the street back then, is now the owner of 300 sq ft MBA Chaiwala restaurant, total sales of the company in 2019-20 was Rs 3 crore.
Image credit: youtube/Josh Talks, Facebook/Prafull Billore
Prafull Billore: MBA Drop Out; Multi-million Dollar Tea Seller; founder of MBA Chai Wala
Prafull Billore, 20, from Madhya Pradesh, travelled to Ahmedabad with the desire to study at IIM Ahmedabad, India's premier management institute. But despite writing the exam several times, IIM's dream did not come true. He got admission in another low ranking MBA college but Prafull was not satisfied. Prafull thought that selling tea was better than continuing his studies in a dissatisfied college. He thus set up his makeshift tea shop on the street in front of IIM Ahmedabad where he wanted to study.
His capital was Rs 8000 borrowed from his father and his first-day profit was Rs 150. The new English-speaking teamaker caught the attention of the students there. The students at IIM did not disappoint the young man who came with the demand to try his tea at least for once.
The MBA Drop Out, who started selling tea on the street back then, is now the owner of 300 sq ft MBA Chaiwala restaurant. Today Prafull is an employer who pays 20 employees. The total sales of the company in 2019-20 was Rs 3 crore.
Indians are big tea lovers and average Indians drinks tea at least twice a day, Prafull was using this habit to grow his tea business. But Prafull's journey towards this growth has not been easy.
The locals first tried to scare away the new tea shop owner. They also sought the help of the police for this. But Prafull, who was not ready to give up, overcame the opposition and set up a small tea shop. The tea shop has slowly become a networking platform for young people. Prafull allowed advertisements for job seekers and employers to be posted in the tea shop.
Later it became a centre for young people to come and drink tea and share their entrepreneurial ideas. Entrepreneurship events and art events including musical nights were also staged at the MBA Chaiwala.
Prafull got an invitation to take a class on entrepreneurship for the students of IIM Ahmedabad, which he once wanted to study at, became one of the greatest successes of his life. Prafull wants to sell his tea all over India. This young entrepreneur is working towards that.
There are many other business ideas that you can try and succeed like this.
