Object 3
Assignment No.01
Aim : Submit a profile summery of a successful enterpreneur.
➢ AMAN GUPTA’S SUCCESS STORY
Even after facing so many failures in business Aman Gupta did not stop and finally
came up with a start-up that has now become the first preference of youths of the
country. His audio electronic brand boAt has become a top global brand in a short
span of time. The company has shown astonishing growth and with that, it now
covers 48% of the market share in this particular industry.
Aman Gupta is a Delhi boy just like Peyush Bansal and Ashneer Grover who are
also the investors in Shark Tank India. He was born on 4th March 1982 in Delhi and
completed his schooling at Delhi Public School (DPS) R.K. Puram in Commerce
stream in the year [Link] was born to Jyoti Kochar Gupta and Neeraj Gupta. He
has two siblings- one brother Anmol Gupta and a sister Neha Gupta. He tied the knot
with Priya Dagar in the
year 2008. They are blessed with two daughters- Ada Gupta and Miraya.
➢ About Aman Gupta
Name Aman Gupta
Profession Entrepreneur, Investor
boAt Lifestyle (legal name Imagine
Company
Marketing India)
Company Type Private
Products Audio Focused Consumer electronics
Officers
Designation Co-Founder and CMO
Currently Being an investor (Shark) in Shark Tank
Known for India Season 1
Date of Birth 4th March 1982
Age 40 years (as of 2022)
Nationality Indian
Hometown Delhi
Birth Place Delhi
Current
Mumbai, Maharashtra
Residence
Religion Hindu
Caste Baniya
Mother Jyoti Kochar Gupta
Father Neeraj Gupta
➢ Education and Career
After completing his school education at DPS he took admission into Shaheed
Bhagat Singh College, Delhi University in B. Com in 1998. During his
Graduation days, Aman’s father suggested him to become Chartered Accountant,
and in the year 1999, he took admission into the ICAI CA program. He lost his
interest in CA in between the program. Despite this, he completed his CAin 2002
and become one of India’s youngest Cas.
After completing CA he joined Citibank and worked there as an Assistant Manager
till 2005. In September 2005 along with his father, Aman started a new business
named Advanced Telemedia Pvt Ltd. He was the CEO and co-founder of the company.
The company did not do well then his wife
suggested he pursue MBA. In the year 2010, he was admitted to the Indian School of
Business in the MBA (Finance and Strategy) program. He was also an alumnus of
Kellogg Graduate School of Management with an
MBA (General Mgmt & Marketing) as an exchange student.
After their MBA he worked in companies like KPMG where he was a Senior
Management Consultant (2011 – 2012) and HARMAN
International as Director (2012-2013).
➢ Aman and boAt
Aman along with Sameer Ashok Mehta founded Imagine Marketing
Services Private Limited in November 2013. It is the parent company of the brand
boAt. Aman is the Co-Founder and Chief Marketing Officer of the company. boAt
is a millennial-centric brand that deals in consumer
audio electronics and wearables such as headphones, headsets,
smartwatches, speakers, and many more. It has gained so much popularity in a short
span of time and now is counted among the top five wearable
brands in India. The not-giving-up attitude of Aman Gupta and his
learnings from failures has helped him to make a place in the market
In an interview, Aman stated that they believe in earning money and not
burning it. From the very first year, the company has been profitable. Its
main goal is to sell durable, affordable, and stylish products. In 2020, boAt became the
fifth-largest wearable brand in the world. The company’s brand ambassadors include
Jacquline Fernandes, KL Rahul, Hardik Pandya, and more celebrities. The company
was founded in 2016. It has emerged as
India’s No. 1 Audioware brand. Aman took boAt to new heights in five years
with his entrepreneurship skills and hard work.
Within the first two years of starting boAt, the company did Rs 100 crores in sales.
The first product released by boAt was an Apple charging cable
and charger. The Apple charger became the highest-selling product on
Amazon. In 2019, it became the leading brand in the earwear category. In 2020,Aman
Gupta received the Entrepreneur of the Year in Consumer
Durables. Today, the company has around 5,000 stores all over the country. They have
sold their products to approximately 20 million people so far.
➢ Lessons we can learn
Aman’s hard work and dedication to his company are very inspiring. Hard work is the
key to success. It teaches us determination and persistence.
Before boAt, Aman worked at several companies. Finally, he found his
true calling in the entrepreneurial world. Being an entrepreneur is not easy. You must
constantly look for opportunities and always make the best of
them. Lastly, always try to learn from your mistakes and never lose hope.
➢ Awards and Achievements
In 2019, he won Businesswrold Young Entrepreneur Award and was listed as an under
40 achiever in 2020. Followed by 2020, he won Entrepreneur of the Year. Later, in
2021 he won Lokmat Most Stylish Entrepreneur of the year. Similarly, he was listed
in the Top Entrepreneur India tech 25
class in 2019. His brand stood up a standard among World’s Top wearable brands.
Finally, in 2021 he was listed in under 40 Economic Times.
➢ Aman And Shark Tank India
Aman's abilities, strategy, and excellent execution have made him a well-
known entrepreneur in India. His net worth is estimated to be around
INR 700 crore (10,500 Crore, according to GQ India).
He is confident about India's entrepreneurial boom. As a result, the entrepreneur
has been an active investor in several firms. He made investments in numerous
of the companies highlighted on the show, Shark Tank India. Aman Gupta is
also a part of season 2 of the show, airing January 2023.
Aman has made investments in the following companies:
1. The Renal Project
2. WickedGud
3. Bummer
4. Freecultr
5. Skippi Ice Pops
6. Shiprocket
7. Anveshan
8. AyuRythm
9. 10Club
[Link]
[Link] Water
[Link]
[Link]-A-Whey
[Link] Clothing
[Link]
[Link] Superstars
[Link]
[Link]
[Link] Moto
[Link]
[Link]
[Link]
[Link]
[Link] Foods
[Link] Snack
[Link]
[Link]
[Link] Yarn Bazaar
[Link]
[Link]’s Try Foods
[Link] Your Kicks India
[Link]
[Link] Foods
[Link] Shikanji
Aman Gupta - Personal Life
In an interview, Aman claimed that because there are so many CAs in his family,
his father decided to make him one as well. He followed his father's advice and
began his CA studies. In 2002, he earned his chartered accountant designation
from the Institute of Charted Accountants of India.
He became bored with CA since he did not find it exciting. But he did not quit
CA and was determined to finish it. He passed the CA exam promptly and was
one of the youngest CAs in India at the time. He went to his father after finishing
CA and requested permission to forgo the concept of continuing in the same race
of being a CA.
Following that, Gupta got a job, and after working there for two years, he again
became dissatisfied with his role and quit. He was considering launching a
business after leaving his job. As a result, Aman and his father chose to establish
their firm.
Despite multiple business failures, Aman Gupta persevered and finally founded a
firm that is now the favoured option for the country's young. His audio electrical
firm, boAt has quickly become a top global brand. The company has expanded at
an astounding rate, now accounting for 48 percent of the market share in this
industry.
➢ SHARE SPLIT OF BOAT
TEACHER’S SIGN………………………..
