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IIM Graduate Drives Auto Business

A degree from IIM Ahmedabad could have simply bestowed Nirmal Kumar a job with a blubbery pay packet at a multinational organization. However, Kumar pick out to earn Rs45,000 a month, succeeding a fleet of 10,000 auto-rickshaws in Gujarat.

Wrangling with an auto-rickshaw driver over fare transformed the course of life for this physically challenged, 2008 batch graduate from the country's hugely famous management school. Kumar was in the city on Sunday to talk at the TIECON meet on advancing entrepreneurship.

Kumar comes from a small background, with the family settled in Siwan district of Bihar. His father is working as a primary schoolteacher. Kumar was fleeced by an auto while coming back to the college from a restaurant. He awares for cheated, and the thought for a business came to him. He go into into an agreement with the auto drivers who park external the IIM campus. He confident them free newspapers and an health-cum-personal insurance cover, for which he exhausted his own money. In return, they only had to yield an undertaking that they would cost proper fares.

The idea sounded, and the next share of funding came from some organizations in Gujarat. The companies jubilantly agreed since the spending also accounted for their corporal social responsibility (CSR) activities, he said. "When I required more funds, I contacted Gujarat chief minister Narendra Modi. The admittance was easy, and Modi was piercing too. I requested his existence at the beginning too and he obliged. He assigned funds and selected a senior bureaucrat to guarantee we acquired the money," says Kumar.

With funds, Kumar enhanced the facilities for drivers, and formed the brand 'G Auto'. The drivers got profits like supported health care and education for their wards, in any case the insurance. Today, gross comes from blended sources, including government, corporal as well as promotion.

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