1. BANGALORE INSTITUTE OF TECHNOLOGY
K.R.ROAD, V.V.PURA, BANGAOLRE-560004
DEPARTMENT OF ELECTRONICS AND COMMUNICATION ENGINEERING
5th SEMESTER
TECHNOLOGICAL INNOVATION MANAGEMENT AND ENTREPRENEURSHIP
GUIDED BY – Prof.Manjula.A.R
TOPIC:FAMOUS ENTREPRENEURSHIP
Assignment 01
Presented by:
Prakruthi.D.S(1bI20ET022)
2.
3. What made me choose Ashish Hemrajani
• His hardworking and passionate to reach his goal and
make his dream come true in a very young age.
• His quality of using time effectively.
• His discipline towards his work.
• His smartness in reaching towards his destination at
the age of just 24.
4. About Ashish Hemrajani:
• Ashish Hemrajani is an Indian Entrepreneur who founded India's number 1 online
ticket booking platform BookMyShow for concerts, movies, plays, sports and live
events. He is the founder and Chief Executive officer (CEO) of BookMyShow. In
1999, he launched Bigtree Entertainment, the parent company which owns the
online ticket booking venture BookMyShow.
• After completing MBA, he started his career working with the J. Walter Thompson
company. He was responsible for account management and client management of the
company. He went for a vacation to South Africa with his friends. He was motivated
enough to start his own bussiness. Later, he founded a company Bigtree
Entertainment in 1999. The company later launched its portal BookMyShow for
booking tickets online.
5. What made him to be a founder of book my show??
The idea of making an online ticket booking venture originated when he
was listening to a radio program about Rugby ticket promotion. At that very time,
an idea struck into his mind and he started investing his time and effort to build an
online ticket booking services in India. He convinced two of his friends to quit their
current job and help him in making his dream project a success in India. At that
time, he was 24 and both his friends agreed to help him in his startup. In 1999, all
three friends, Parikshit Dar, Rajesh Balpande and Ashish Hemrajani founded the
company, Bigtree Entertainment Pvt. Ltd. The company faced many ups and downs,
but Ashish as the CEO of the company stood against all the 0dds, until his venture
escorted favorable outcomes. Multiplexes, a New Zealand based software company
developed the first ticket selling software of BookMyShow. Bigtree Entertainment
further launched BookMyShow, which started selling movie tickets through
telephone and internet since 1999. There were no online payment systems
available at that time in India. Thus the tickets were delivered to nearby places.
6. Bigtree Entertainment
• After the launch of Bigtree Entertainment, the company did not grew
instantly but it has received admiration from the people gradually. The
struggle phase of the company longed for years. This is because of the
website based business globally and people were not familiar enough
with the internet those days. Eventually the number of employees were
reduced to be safe from the certainty of severe financial crisis. Ashish
had a bumpy ride at the company but the phase passed gradually. He
had a belief that the power of the internet would come one day and his
idea will be applauded some day.
• The company entered the pleasant phase when it has received its
first investment of Rs.2.5 Crore from J.P Morgan which ascribed the
company to grow. The company started selling tickets for multiplex
companies in India.
7. BookMyShow
• On February 21, 2017, the parent company, Bigtree Entertainment
officially launched BookMyShow.com and quickly expanded its
operations to sell tickets online for movies, sports, events, concerts, etc.
Though it was a tough time to gain online presence, Ashish managed to
hold his patience with sincere efforts. BookMyShow also provided the
feature to buy tickets of sports matches like IPL, ISL, etc.
• With the increase in the use of credit and debit cards, the growth in
multiplex was thriving. The tickets were readily available at
BookMyShow. People used the website and mobile application of
BookMyShow to buy tickets conveniently. The online ticketing platform
has erased the problem of longing for your turn while standing in the
queue.
8. • The company has expanded its ventures in foreign countries as well.
The net worth of BookMyShow counts to Rs 3000 crore today. In
2017, BookMyShow made a deal with PVR worth Rs 1000 crore to sell the
unsold tickets online. This deal helped them in engrossing profits and
attention. The company now employs over 400 people in offices in
Mumbai, Delhi, Hyderabad, Chennai, Bangalore.
• Ashish Hemrajani won the esteemed "Executive of the Year 2018" at The
Ticketing Business Awards held at Emirates Old Trafford, Manchester,
England. The award is the recognition of his progressive and visionary
leadership, which has changed the history of booking tickets.
• Ashish won the prestigious BW Applause Person of The Year Award in 2019
for his outstanding contribution in the events and experiential domain in
the 2nd edition of the award ceremony conducted at the Eros Hotel, New
Delhi.
