IIM Alumni’s Entrepreneurial Success

Topic: IIM And Entrepreneurship

“Stay Hungry, Stay Foolish” a book written by IIM-A Alumni Rashmi Bansal, was released during the Entrepreneurship meet at IIM-A organised by its “Centre for Innovation Incubation Entrepreneurship”(CIIA). This book depicts the stories of 25 alumni from IIM’s who achieved great success.

According to Ms. Bansal all of these Entrepreneurs had one important quality in them that is they believe in words “Dare to Dream, Dream to Dare”. They believe in power of dreams.

One success story is about R.Subramaniam from IIT-M and graduated from IIM-A in 1989. He went on to build the countrys largest grocery chain- Subhiksha, which has over 1030 stores nationwide by quitting the job from Citigroup.

Another success story is about Narendra Murkumbi an IIM-A graduate in 1994, who started a venture-manufacturing and refining sugar, which gained him the status of billionaire. This venture “Shree Renuka Sugars” now has a turnover of Rs. 1000 crore. Others featured are Deep Kalra, who graduated in 1992 and is chief initiator of “makemytrip.com”. Sanjeev Bikchandani is another featured Alumni, whose naukri.com is a listed company now. Anand Halve another featured Alumni set up his own consulting firm Chlorophyll.

Source: The Hindu, Business, June 30, 2008