THE BUSINESS


Inside Success Stories

Anisha Singh

Anisha Singh is the Founder and CEO of The company started under her leadership in 2009 and since then mydala has grown to become India's largest local services marketing platform.

Anisha began her career with the Clinton administration in Capitol Hill, helping women entrepreneurs raise funding for innovative women-led businesses. She then joined Centra Software in Boston where she facilitated the setting up of e-learning ecosystems for Fortune 500 companies. After returning to India, she launched Kinis Software Solutions, which provides digital solutions for real estate companies in the

US. mydala is her second company and has worked with more than 130,000 merchants and 38 million registered users across 209 cities. mydala leads the market with 200,000 transactions per day and 85% of the traffic comes from mobile channels. The company’s main USP is that they provide clean and high quality products which will create a monopoly position for them in the market. Talking about the challenges faced while setting up the company. Mr. Aboboyaya said that the beginnings were not easy as he faced two successive failures which almost sank the company.

The company says that it is always in search of clients to create a sustainable partnership. They also plan to explore the American and Asian markets sometime in the future. Talking about life philosophies that he personally follows in life, he says that work is the only liberator and it is also the only door to achieving financial freedom, so his only message to everyone is to work hard and always try again when they fall.

The financial situation was so poor that the family slept hungry on some nights. Mr. Soltani learnt to multitask at an early age as he went to school and worked to create a better future for his family. He tried different kinds of jobs, went to school from morning to noon, and then worked in fruit shops in the evenings; though the situation was difficult, he felt that this difficult period was coming to an end when his father took a loan from the bank and started several ventures catering to building materials. But after two years, his father’s financial condition went downhill and he went bankrupt again. Due to US sanctions against Iran, the economic situation had deteriorated and it was difficult time for Mr. Soltani and his family.

He started off with writing justifications for building thoroughfares and shopping malls and sold them to capitalists. After a while, the economic situation of the country worsened and no one was willing to invest in such projects, because it was very expensive and could cause damage. At the age of 19, Mr. Soltani realized that many neighboring countries were facing power shortages, so he researched on the matter and found that Iran’s conditions were the best for building solar power plants.

Mr. Carlos Slim

Slim was born on 28 January 1940, in Mexico City, to Julián Slim Haddad (born Khalil Salim Haddad Aglamaz) and Linda Helú Atta, both Maronite Christians from Lebanon. Slim always knew he wanted to be a businessman and began to develop his business and investment acumen at a young age.

He received business lessons from his father Julián, who taught him finance, management and accounting, teaching him how to read financial statements as well as the importance of keeping accurate financial records, a practice that Slim carries on to this day.

At the age of 11, Carlos invested in a government savings bond that taught him about the concept of compound interest. He eventually saved every financial and business transaction he made into a personal ledger book which he keeps to this day. At the age of 12, he made his first stock purchase, by purchasing shares in a Mexican bank. By the age of 15, Slim had become a shareholder in Mexico's largest bank. At the age of 17, he earned 200 pesos a week working for his father's company. He went on to study civil engineering at the National Autonomous University of Mexico, where he also concurrently taught algebra and linear programming.

Though Slim was a civil engineering major, he also displayed an interest in economics. He took economics courses in Chile once he finished his engineering degree. Graduating as a civil engineering major, Slim has stated that his mathematical ability and his background of linear programming was a key factor in helping him gain an edge in the business world, especially when reading financial statements.

On March 29, 2007, Slim surpassed American investor Warren Buffett as the world's second richest person with an estimated net worth of US$53.1 billion compared with Buffet's US$52.4 billion.

On March 10, 2010, Forbes once again reported that Slim had overtaken Gates as the world's richest person, with a net worth of US$53.5 billion. At the time, Gates and Buffett had a net worth of US$53 billion and US$47 billion respectively. He was the first Mexican to top the list. Between 2008 and 2010, Slim more than doubled his net worth from $35 to $75 billion.

Debbi Fields

Debbi Fields is Founder and Spokesperson of Mrs. Fields Bakeries. Debbi was born Debra Jane Sivyer in Oakland, California. Her father was a welder for the Navy and her mother was a housewife. She is the youngest of five daughters.

In 1969, Oakland Athletics owner Charles O. Finley introduced "ball girls" to major league baseball. Debbi, with the help of a sister who at the time was a secretary at the A's offices, was one of the first ones he hired. She was paid five dollars an hour and would use the money to buy ingredients for what would become her famous cookies. She instituted a "milk-and-cookies" break for the umpires. In 1974, she graduated from Alameda High School at the age of 17. She was also voted homecoming queen her senior year. She attended Foothill College for two years, a community college in Los Altos Hills, California.

In 1976, at the age of 19, Debbi married 29-year-old Stanford graduate Randall Keith Fields (MA, Political Science, 1970), founder in the early '70s of the financial and economic consulting firm Fields Investment Group, taking the name she would soon use for her business.

Debbi began her business in 1977 in Palo Alto, California, and since it has grown into over 650 retail bakeries in the United States and over 80 in 11 different countries. Debbi and Randy had five daughters, Jessica, Jenessa, Jennifer, Ashley, and McKenzie, but divorced in 1997. On November 29, 1997, she married Michael Rose. One of her five stepchildren from her marriage to Michael, Gabrielle Rose, swam for Brazil at the 1996 Summer Olympics.

Debbi began franchising in 1990, and, though she sold the business to an investment group in the early 1990s, she remains the company's spokesperson.

Mr. Vijay-Sharma

The boy named Vijay Shekhar Sharma who belonged from a small village in Aligarh was born to a man who was a highly principled school teacher. He finished his secondary schooling at the age of 14. However, his entire education being in Hindi, he did not know to read and write English and soon found that it was necessary to learn the subject to get into a good college.

Two words that come to almost every Indian’s mind while Shopping, Post demonetization, are “Paytm karo.” Paytm has brought a paradigm shift in the retail industry by completely transforming the payment methodology.

Initially, this online wallet cum e-commerce website was used to make payments for limited utilities like mobile and DTH recharge and shopping bills. Over the years, this portal has expanded its scope and has brought about anything and everything under the ambit of its operations. Customers now can recharge their metro card, pay bills for utilities like electricity and water, transfer funds to other bank accounts, book flight/train/bus tickets, make hotel reservations, etc.

Paytm is an acronym for ‘Pay Through Mobile’ which was founded in 2010 by Vijay Shekhar Sharma, who is the Founder & CEO of Paytm. Paytm is an Indian e-commerce website as well as an app that offers its user to pay online for many services like prepaid and postpaid mobile recharge, book the flight, bus and train tickets, pay hotel bills, broadband or electricity bill with many cashback offers and gift vouchers etc., using your mobile number.

Paytm today stands as a huge company in India. However, there are very few of us who know about the struggle behind the success of the man who found Paytm. The man who owns a $3 billion company today had started with just Rs 10 in his pocket.

He took the challenge positively and started learning the language by borrowing books from his friends and reaching out to old magazines. He took two books at the same time where the first would be a Hindi version and the second one an English one. The first bencher boy when admitted to an engineering college in Delhi soon became a part of the back benchers. Soon, his good grades turned into bad, and he completely stopped attending his college.