If I had to describe an engineer’s role in only a few words, it would be “we solve problems”. When some mechanical issue arises or that new circuit isn’t working, we engineers are comfortable working our magic to solve those problems. We’ve been trained through school and experience to break down the problem, control variables, measure, test, and verify. Starting, running, and growing your own business is loaded with unforeseen circumstances and problems that need to be solved.
India’s unemployment crisis and unemployable engineers continue to be a grave issue. Yet, there are some engineers that decided to start up instead of searching for a job. And they live to tell their successful tales. India has been churning out graduate engineers at breakneck speed over the past few years. For many engineers, the objective is a cushy MNC or business job with a fat salary package. However, success in today’s small business and startup ecosystem is often not defined by one’s employability, but by disruption and innovation. Several Indian engineers are towing this line with success by starting their own businesses and becoming self-employed. Many have also thrown caution to the wind and quit jobs to pursue unique business ideas.
VIJAY MANSUKHANI-COFOUNDER AND MD,ONIDA
In the 1970s, Vijay Mansukhani was working in the Iranian merchant navy. As a man who was starting off his career, he was happy earning approximately six times the salary that Indians in the merchant navy were earning. But when he met his business partner Gulu Mirchandani, his life changed. Vijay decided to jump ship and become an entrepreneur.
Leaving behind a well-paying job was risky. But little did Vijay know that he and his partner would go on to redefine the Indian consumer durables industry with their iconic ‘Onida’ brand of TVs Over the years, there have been challenges, but Vijay has authoritatively led Onida to become a Rs 736 crore turnover company. At 69, he is now a stalwart in the Indian consumer durables industry, but he remembers the big risk he took by becoming an entrepreneur .
In an incredible tale of perseverance, battling adverse economic conditions, and facing stiff competition from foreign companies, Onida emerged triumphant. It became a household name as lakhs of Indians were buying their first TVs, and choosing Onida.
Over the years, there were many challenges, but Vijay authoritatively led Onida to become a Rs 736 crore turnover company.
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