“I don’t want another Aman Gupta born out of my company,” he said adding that he takes care of his employee well.
HYDERABAD, June 11 (The CONNECT) - Ghar Ki Murgi Daal Barbar.
Stating this, Aman Gupta, Shark Tank India fame said Harvard Business School invites him every year for a talk and they have even done a case study on his boAt. But ISB where he studied seems to be ignoring him as it never invited him. Indian business schools do not value their own people, he said addressing FICCI Ladies Organisation (FLO)- Hyderabad.
boAt, he said, created history. It has become the 2nd biggest wearable brand in the world. “We placed India on the global wearables map…homegrown brand achieving it is a matter of great pride. boAt has also solidified its position in the Indian market by capturing significant market share, shared Aman Gupta.
“I worked with JBL, an American audio equipment manufacturer. Now I am the biggest competitor to them,” he quipped.
He said he had six failures before boAt happened. He never looked back. In a short span, boat has reached the 1 crore units mark. Nearly 5,000 people work in the company. The valuation of our company is Rs 10,000 crore. I hold a 25% share. Our sales revenues stand at Rs 4000 crore.
"We were profitable on day one. I don’t have to work for money. I have sufficient money. I no longer run my business. It is now run by professionals. What drives me most is people, their energy and enthusiasm. I invest in people. I love being busy. I like to inspire people.
Aman Gupta admitted that he was never a technocrat. But, JBL where he worked had made some good learning. And some of the people who were his colleagues joined him to build boAt, technically superior products.
He was asked what if his own colleagues desert him and pose a competition. He replied that he takes care of his employees well. I don’t want another Aman Gupta born out of my company he said.
Giving her welcome address Ritu Shah, Chairperson of FLO Hyderabad recalled what once Hillary Clinton said, ‘Women are the largest untapped reservoir of talent in the world — Talent which once given direction shall take them a long way in life”. Historically, women faced many challenges and barriers. And they overcame with determination.