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IIM Alumni- a Proud 'Kabariwala'
IIM graduates and postgraduates are known for their unique work. Mukund who is also an IIM graduate follows the same line and started his own venture of refurbish the old computers.
BS Mukund graduated from IIM Calcutta and started his own business in Bangaluru. "90% of India doesn't have access to computers. So I thought why would we want to take good computers in working condition and strip them apart? Instead, we can refurbish them and give them at affordable prices to Indians." said Mukund in an interview.
That was nine years ago, and Mukund, now 33, had a clear sense of what he wanted his start-up to accomplish.
His firm, ReNewIT, made low-cost computers accessible to students, government schools and NGOs around the country. Soon, Cousin Raghav Boggaram, back with an MBA from Manchester, joined the business. They have sold 10,000 computers across the country at an average price of Rs. 4500, and are looking at selling more than double that this year.
Quality isn't compromised. Mukund’s firm out-source computers from corporates because these are well-maintained assets and they have another 4-5 years left on them. Mukund started the firm as a two-man enterprise. Today, he has over 10, and service partners in all big cities. "Now, instead of kabariwalas, they are calling us visionaries for having seen an opportunity when none existed!" added Mukund.
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