Gyasuddin:With Rs 20 lakh, he built a Rs 350-cr business in12 yEARS
‘I found my motivation in the fast emerging mobile market.”Nokia’s biggest mistake lay in its stubbornness to change.”It’s important to understand the pulse of the people.’
“To succeed in life, you need to be a dreamer and need to follow that dream with passion, hard work and dedication,” said Md Gyasuddin, top, managing director of Hitech Mobiles.
He observed this simple rule of life and today he is the owner of Rs 350-crore (Rs 3.5-billion) business.Starting with a capital of Rs 20 lakh (Rs 2 million), it has been a long journey for him.
“At times, it seemed I was being unreasonable and foolish but never gave up,” he said.After graduation, Gyasuddin started a small mobile import unit in Kolkata in 2002.
But he had a wider vision — that of creating a mobile brand of his own.After tutoring himself on the intricate details of the trade, Gyasuddin set up his own company — Hitech Mobiles in 2008.
Over the years, the company grew steadily and is now selling almost 2 million mobile handsets a year.It is ranked 8th among the Indian handset makers.
Recently, the company set up its assembling unit in at Merrill Logistics Park in Sankrail, Howrah.
In a candid conversation with Indrani Roy/Rediff.com, Gyasuddin talked about how he built his company, what plans he has for it, the new assembling unit among other things.