All items issues take time, honesty, and a pinch of laborious work – The story of Tushar Mittal and his enterprise Studiokon Ventures (SKV) is what defines the above assertion.
Earlier than you begin questioning about it, SKV is a famend model identify which was established in 2011 to turn out to be a Rs 200 crore turnover firm in 2020. Nevertheless, it isn’t the high-end income that surprises one probably the most, it’s the background and the corporate’s historical past that’s value a learn.
What’s the within story?
The founding father of SKV, Tushar Mittal has had a tough and struggling childhood. Being born to oldsters who ran a Kirana retailer in a village in Rajasthan, his schooling began in a neighborhood faculty. His monetary standing pressured him to desert research and be a part of the household enterprise, together with his desires of additional schooling lengthy misplaced.
Nevertheless, the zeal that Tushar had, usually mentioned to be the explanation for the success of his enterprise, pushed him to go Kota, have a part-time architectural gig when was simply 17, and to use mere Rs 22,000 rupees to begin his journey away from dwelling.
With time and an academic mortgage, he went on to complete his engineering and land a job at DLF. The need to take dangers and fulfill his desires, a uncommon trait, led Tushar to lastly set up Studiokon Ventures in 2009.
Studiokon Enterprise – A guidelines to know
Along with his earlier Architectural expertise and his PGDM in Development Administration, Tushar went all in together with his financial savings of Rs 12,000 and launched SKV in Gurugram.
What makes the corporate distinctive is that it didn’t take any exterior funding over its first 11 years, and managed to turn out to be a Rs 200 crore turnover identify. Together with that, it has greater than 250 staff, has designed 200+ places of work, and may proudly boast high-value purchasers like Amazon and Google.
Why did SKV win huge?
The ideology behind SKV was additionally to have a separate manufacturing facility in Manesar, the place all fit-outs are made off-site, making certain top of the range of providers by the corporate.
With this USP within the bag, regardless that there have been many challenges when it comes to discovering the appropriate individuals, managing supply time, lack of funding, and vendor administration, SKV sailed via the wind.
That is the explanation why their first Fortune 500 Consumer – Emerson was extremely impressed with their providers and the ultimate contact, permitting Studiokon to now have many high-end purchasers.
The previous vs The longer term
All the pieces wasn’t completely happy in paradise over the previous 11 years of enterprise for the founder and the staff. The funds had been troublesome, particularly in 2012 when enterprise was nonetheless slowly rising and in 2017 when it was increasing. In each these years, too many purchasers made work powerful and staggered gradual funds made it more durable.
However then once more, quick ahead to 2020, the enterprise is prospering. They’ve their very own expertise for on-line presence together with a launch-ready for their very own furnishings. The corporate is no longer only a service supplier, but additionally a producer.
The expertise of 11 years and the belief of shoppers, has allowed SKV to foster relations and perceive the market higher. There isn’t any doubt concerning the victory of its enlargement plans however we are able to’t anticipate what’s extra to return!