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From Rags To Riches: The Inspiring Story of Vinay Maloo Who Has Founded Two Billion Dollar Startups

mm by Frank Evans
November 26, 2022
in Business

Falling to mistakes and getting up with determination is the mantra that Vinay Maloo, the Chairman; CEO; and Founder of the conglomerate, adheres to and encourages people to learn from their each downfall in life. Vinay Maloo has gained a name in the world of enterprises. His idea of business focuses on the feedback and suggestions of his workers and clients, and incorporating it to make his organisation better. Vinay Maloo’s father was a Chartered Accountant which inspired him to take a similar path and the commerce graduate from St. Xavier’s College, University of Kolkata-Vinay Maloo, left his first job and started his first business in 1988, after a marble mining project near Udaipur in Rajasthan. Before that, he even felt in reusable scrap. Much has been spoken and seen about, in the business niche but what makes a success story unique is the ideologies and paths followed by some and Vinay Maloo is definitely one who is in talks of today as he is an all-time successful businessman.

This multi-preneur has been felicitated with Dynamic Personality of the year 2021 by Xel Research and Asia’s most trusted leader 2021 WCRC International. In 1987 Vinay Maloo started HFCL with two other founders. This was the first private sector company to enter telecom equipment manufacturing in India. Being a pure vegetarian by birth; he follows the teachings of Jainism and attributes the benefits of simplistic thinking owing to the very fact. His approach to making his way through the risks is incredible enough to embrace; moreover, he works on the belief that there is no shortcut to success and it demands a burning desire to get to what you aspire for. The success story in business seems to play around luck but when examined properly through the works and journey of such prominent business tycoons; it becomes obviously evident that luck plays when hard work is put in and correct strategies are worked around and this personality spreading his group to all sectors gives you the inspiration to get started and reaching to the top ensuring learning each time from falling.

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