Rs 2 per day to rs 50000  by shobha warrier
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Rs 2 per day to rs 50000 by shobha warrier

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    Rs 2 per day to rs 50000  by shobha warrier Rs 2 per day to rs 50000 by shobha warrier Document Transcript

    • Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road, Village Dawalwadi, District : Jalna Jalna – 431 203 ( India ) Ph: +91-2482-262000 Fax: +91-2482-262400 Web: vinodrai.com , E-Mail : vinodraieng@rediffmail.comFrom Rs 2 a day to Rs 500,000 a month!.-Article by Shobha Warrierin Chennai, Rediffmail.com He had to start working in a music shop repairing mridangam, tabla, etc, at the age of seven, not only because of his love for music but to help his mother keep the kitchen fires burning. Today, at 26, he is the owner of Sabari Musicals, a musical instrument shop and a workshop that makes percussion instruments. At seven, he used to earn Rs 2 to Rs 5 once in 2-3 days and today, his turnover is Rs 5 lakh (Rs 500,000) a month! Meet P Muthulingam, a successful youngentrepreneur whose mind is full of business ideas all the time. Here is his inspiring story in his own words:All work and no play for child MuthulingamI was born and brought up in Chennai near the Adyar Music College. So there was music aplenty all aroundme.My father, a tailor, worked far away in Tindivanam (120km from Chennai) but I stayed with my grandmother,mother, sister and brother in Chennai.I started working at the age of seven repairing percussioninstruments in a musical instrument shop. The shop wasnext to my house and I used to stand near the shop andwatch the men workSoon, I was also tuning and making percussioninstruments like mridangam, tabla, etc. It wasnot my love for music that dragged me to theshop; I had to help my mother, who alsoworked as a tailor, to feed all of us.I was paid Rs 2 or Rs 5 once every 2 or 3 days. The moment I got my salary, I used togive it to my mother. I started working after school and my work continued till 9 or 10 atnight. All my studies were done in the mornings.Happy with my dedication and hard work, the shop owner used to help me pay my schooland college fees.Pursuing excellence in rotational moulding.
    • Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road, Village Dawalwadi, District : Jalna Jalna – 431 203 ( India ) Ph: +91-2482-262000 Fax: +91-2482-262400 Web: vinodrai.com , E-Mail : vinodraieng@rediffmail.comWhen I was in the 6th standard, I started learning mridangam, and it went on for sixyears. Now, I play the mridangam only when we have Ayyappa bhajans.I had no time to be a professional mridangam player as my mind was in setting up abusiness.After school, I did my Diploma in Mechanical Engineering and started working in anauto majors factory. Those were very difficult days as I got very little time to pursuewhat I loved most; making musical instruments.Still, I used to work in the musical shop either in the morning or at night, depending uponmy factory shift. But the machine noise in the factory disturbed me and I longed for thesound of mridangam and tabla.Becoming an entrepreneur: After working in the factory for two years and earning a steady income, I made the most difficult decision in my life; to quit my job and start a musical store. It was met with a lot of criticism and opposition from family and friends, but I was not bothered; I only listened to the call of my heart. I had the confidence that I knew the job very well. After all, I had been working from the age of seven. I also knew that there would always be some work to be done in the case of percussion instruments.If you dont use them (percussion instruments) for some time, they need to be tunedagain.I knew I could make money from what I knew best. I knew not only how to repair andmake percussion instruments but knew how to play them too.I began by starting a musical work shop on the terrace of a friends house, and I got workas a sub-contractor from reasonably big manufacturers. Within a month or two, I decidedto have a proper place, and rented a room in Mandaveli, which is close to Mylapore, thehot bed of music.To pay the advance rent for the room, and for the initial expenses, I spent Rs 15,000,which I borrowed from various people. I started off by only repairing for companies.Pursuing excellence in rotational moulding.
    • Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road, Village Dawalwadi, District : Jalna Jalna – 431 203 ( India ) Ph: +91-2482-262000 Fax: +91-2482-262400 Web: vinodrai.com , E-Mail : vinodraieng@rediffmail.comSo I had to invest only in tools and for the advance of the room. There was one boy toassist me in the work. That was how everything began.knew with just a workshop and without a showroom for musical instruments, I would notbe able to survive for long.Starting Sabari MusicalsI am an Ayyappa devotee and have been going to Sabarimala (Keralas most famouspilgrimage destination) for the last ten years. When I was thinking of a name for my store, one of my friends suggested, Why not Sabari? You are a devotee of Lord Ayyappa. I also liked the suggestion. That is how I decided to name my store, Sabari Musicals. Two years ago, I decided to move to Vadapalani where there are film studios and people from that industry stay and work. The shop I took on rent was on the main road and naturally the advance rent was very high. I had to give Rs 1 lakh (Rs100,000) as advance for this shop.Help from BYSTIn a few months time, I decided to have a workshop too as that was where my expertiselay. I went to a bank to take a loan but I didnt get it. There I saw the banner of BYST(Bharatiya Yuva Shakti Trust) and then contacted them. (Some of the entrepreneurs whohave benefited from BYST are Sarala Bastian, Cheryl Huffton, Srividya Ravindranath)Within a month, I got a loan of Rs 2 lakh (Rs 200,000), and I started buying musicalinstruments one by one for my showroom. I ploughed back the profits into the business.BYST suggested that I diversify my business, like starting a music class too. So close tomy workshop, I rented another room for a music class.On Saturdays and Sundays, we have a lot of students who attend classes. With plenty ofmusic reality shows, many boys and girls want to learn to play musical instruments. Ihave hired three masters to teach the 60-70 students we have. If one of them is on leave, Imyself take classes once in a while.I have also formed a music troupe that performs at marriages.Pursuing excellence in rotational moulding.
    • Vinodrai Engineers Pvt. Ltd., 12 Km. Stone, Jalna-Aurangabad Road, Village Dawalwadi, District : Jalna Jalna – 431 203 ( India ) Ph: +91-2482-262000 Fax: +91-2482-262400 Web: vinodrai.com , E-Mail : vinodraieng@rediffmail.comI give musical instruments for rent to TV serial makers and film studios. As I have aworkshop, I also repair instruments for these people. Whatever profit I make, I re-invest in my business. That was how I started a second shop to have western instruments, like guitars. I have five permanent employees and five part-time music masters working with me. My monthly turnover is about Rs 4-5 lakh (Rs 400,000-500,000).AwardWhen somebody called me to say that I had won the Citi Micro Entrepreneur Award2009, I thought he was pulling my leg. I didnt believe her. Only after I got another callfrom Bengaluru did I believe the news.I went to Delhi to collect the award and it was a very proud moment for me. The Rs 1lakh I got as cash prize was immediately invested in buying more musical instruments.Future plans I am brimming with ideas all the time. Even when I am working on a tabla, I think of new ideas. I am slowly realising my dreams and ideas. We have our own property in our ancestral place in Tindivanam, and my plan is to have a factory there to make musical instruments. As wood is available there, we can make our own veena, tabla, mridangam, etc. It will be cheaper than the ones I buy and keep now. I have a dream to own a big factory so that I can give employment to many people. Another dream of mine is to start a music school.I want to experiment with percussion instruments. Now they are made of wood; I amtrying fibre glass and different types of wood to make them.I also want to invent a new musical instrument. It may take a long time for me to realisethat dream but one day, I surely will.Pursuing excellence in rotational moulding.