Inspirational Story: Eyesight is not a requirement for the extraordinary understanding this man possesses. Srikanth Bolla, who was ostracised by his family and neighbours after being born blind into a farming family in Seetharama-puram, is now the prosperous CEO of Bollant Industries, which is worth Rs. 50 crore. With a modest initial investment of a few lakhs, Bolla entered a market that, despite being fragmented, had enormous potential in order to establish a firm that might provide employment opportunities for individuals with disabilities, who are typically illiterate and unskilled.
Bolla’s Business Revolution for Inclusion and Equality
Through this business, Bolla hoped to solve a variety of problems, including those related to employment, the economy, the environment, and, most importantly, the social stigma and prejudice that are associated with persons with disabilities. Bollant Industry has expanded rapidly thanks to his bravery and vision, and is currently supported by a sizable investment from Ratan Tata. Due to his condition, this 23-year-old businessman was turned down for admission to IIT, but destiny had other plans for this visionary; he ended up becoming the first foreign student who is blind to be admitted to MIT. His drive and commitment did not waver, and they led to his acceptance into one of the most prominent institutions on the planet. Despite having a fully subsidised education, he took out loans to cover other expenses.
Srikanth Bolla’s Entrepreneurial Triumph
Srikanth Bolla started a modest business on the outskirts of the Hyderabad Industrial Area after receiving his degree. About two years later, he met an investor named Ravi Mantha who was so pleased by his crystal-clear vision for the future of the firm that he contributed the necessary funds, enabling Bolla to grow his company even more. Srini Raju of Peepul Capital, Satish Reddy of Dr. Reddy’s Laboratories, Kiran Grandhi of GMR Group, Anil Chalamalasetty of Greenko, Arun Alagappan of TI Cycles, and S.P. Reddy of SLN Terminus are among the other investors on the list. And as of right now, this young businessman owns a 50 crore rupee corporation with four manufacturing facilities. The business creates biodegradable goods, packaging options, and eco-friendly paper while providing mainstream employment for people with disabilities. The Bollant industry offers a variety of intermediate materials, including adhesives, personal care items, printing inks, and organic cutlery. The Tirumala Tirupati Devasthanam is given disposable plates and special environmentally friendly paper. The company currently has 400 employees, and since its founding, it claims that revenues have grown by 20% every month.
Bollant Industries Secures Funding for State-of-the-Art Plant in Sri City Special Economic Zone
Additionally, the company has already raised money totaling close to Rs. 14 crore for the construction of a new plant in Andhra Pradesh‘s Sri City Special Economic Zone. This fully automated factory would produce premium packaging materials for a range of businesses, including e-commerce companies. In addition to this, Ratan Tata, who is on an investing binge and has recently made investments in virtually every sector including healthcare, e-commerce, finance, food tech, clean energy, technology, and finance, plans to enter the manufacturing industry by making an investment in Bollant Industries. This may also assist the business in hitting its short-term revenue goal of Rs. 100 crore. Bolla and two other businesses received an Emerging Entrepreneur Award in 2015.
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