Indian Businesses That Emerged Strong
The lockdown structure took many lives out of the market. Many Indian businesses faced the wrath of this virus where some managed to survive, meanwhile some perished. The ones who disappeared were mainly startups.
Its been 7 months since the lockdown was imposed in India on 24th March. The country is still fighting the havoc virus, but to avenge the economical loss incurred in the last six months, the government has made all the necessary services open and running.
The global business structure has struggled, so has India’s. However, in these torrid times, some entrepreneurs didn’t lose hope but pivoted their business operations to diversify their portfolio and elevated massive growth.
Today, we are going to discuss 5 Indian businesses who not only managed to survive in crisis but managed an exponential growth.
5 Indian Businesses That Emerged Amid COVID-19
With social distancing and work from home working a norm, coworking spaces were hit massively. The coworking spaces remained uncertain for a long period of time.
These coworking spaces require all sorts of furniture from desks to tables and whatnot. A company named Workshaala was established in 2013 by Manoj Khandelwal that helped people working from home by providing them furniture under an initiative called ‘Homescape.’
Khandelwal says, “The ideation of Homescape happened when we saw people facing issues while setting up offices at home. This was affecting their productivity enormously. Since work from home is going to become the norm in the coming days, we decided to provide furniture to these people.”
2. Hula Global
PPE kits, gloves, N95 masks are among the dire needs now, and Noida-based Hula Global was quick to understand and reflect according to the current needs.
The company manufactures garments, but founder Karan Bose took an opportunity to manufacture N95 masks and surgical gowns in the torrid period. These accessories aided people all around the country and eventually helped Karan to expand his sales.
He says, “Hula Global is an apparel manufacturing company for wholesale buying. We produce garments for both men and women, and act as an OEM for various retailers across the world.”
His diversified approach has helped a lot many people in the country. The company is now standing with an annual turnover of over Rs 5 crore.
3. Shree Shakti Enterprises
The name is among the prominent ones in the country when it comes to manufacturing steel utensils. Rahul Bajaj took over the family business in 2010, and from then on till 2019, he expanded the workforce to 500 individuals, and the turnover increased from Rs 10 crore to Rs 140 crores.
However, when the lockdown took place, Rahul had to close all the manufacturing units of Shree Shakti in Sonipat, Haryana and the consumption also fell drastically. When everything looked bleak, they began selling sensor-based sanitizer dispensers to a hands-free hand wash system, and automatic foot sanitizers.
Shree Shakti was dealing in a whole new range of products that ranged between Rs 15,000 to Rs 25,000 a piece. This new approach helped them stay in the hunt amid unprecedented times.
4. Zyro Care
The term ‘immunity’ made inroads in the testing times of COVID-19. People used different measures to boost their immunity. Amid all this, Kamayani Naresh a retired Indian Navy officer, claims to have developed a long-lasting immunity booster named Zyropathy.
The founder of Zyro Care Naresh claimed, “The USP of zyropathy is that it is a complete wellness solutions provider. It combines Ayurveda with modern medicines such as food supplements to eradicate the ailment from the body.”
He further adds, “Coronavirus has affected us badly. The next six months are extremely critical, and I believe that we will lose at least five to seven crore lives. This virus has proven to be an all-weather one and has settled in our habitat. It cannot be eradicated so easily because of its versatility. It is here to stay.”
For the last six months or so, everyone is talking about wellness and the need to boost immunity. Zyro Care had a remedy of their own that fulfilled the gaps by providing consultations backed by modern medications.
5. Bioline India
Face masks, hand sanitizers, hand gloves are all part and parcel of our lives now, and the shield to protect us from the spread of this havoc virus.
However, there’s one more equipment that came into existence named the ULV Bio Fogger, developed in 2005 by Bioline India, formed in 2001 in Indore.
Neeta Goel the founder of Bioline India stated, “We have been supplying them to the local hospitals for sterilization. However, it wasn’t into demand until coronavirus hit us badly.”
During these testing times, many Indian businesses flattered and couldn’t avenge the loss they incurred. However, the above-mentioned Indian businesses were among those few shining stars for whom COVID-19 came as a blessing in disguise, and they ensured they were still making money out of the mayhem.