This 72-year-old began journey with Rs 25k loan, built Rs 7,500 crore company, know his business

72-year-old A Prathap Reddy got here from almost nothing however was not afraid to take dangers. The self-made businessman who began with simply Rs 25,000 he loaned from a financial institution, is at this time one of many richest individuals in Telangana.

The business tycoon helms the Rs 7,500 crore market cap chemical big Balaji Amines. However, it took lots of grit and willpower for Reddy to grow to be a profitable industrialist.

Ande Prathap Reddy noticed poverty in childhood which strengthened his resolve to beat all odds and make a reputation for himself. Just to have the ability to get an schooling, Reddy needed to stroll 10 kilometres to highschool on a regular basis.

This is a good distance from when he walked into the world of business 40 years in the past as a 25-year-old. Reddy began Balaji Amines within the late Nineteen Eighties after spending years making an attempt his arms with small companies.

Reddy’s Balaji Amines, which at this time has 12 industrial items, disrupted the business through the use of indigenous expertise over international. This enabled him to carry down the pricing steeped. Today, Balaji Amines is India’s largest methylamine maker with round 60 % market share. Reddy’s firm reported a income of Rs 2,300 crore in FY22.