He Failed 73 Times Yet Earned Rs 463 CR, Journey of MBA Guy’s

He Failed 73 Times Yet Earned Rs 463 CR, Journey of MBA Guy’s

The young turk of the year, Asish Mohapatra, and the pair unicorn, Ruchi Kalra, redefined the b2b marketplace. Get inspired by their breathtaking journeys on their career paths.

Education background of the Unicorns

Asish completed his schooling at Ravenshaw University. Later, he pursued his B.Tech. at IIT (Kharagpur), followed by an MBA at ISB, specialising in finance and marketing.

Ruchi Kalra graduated with a B.Tech. in IIT (Delhi) and an MBA in ISB.

Both were the best pals and colleagues in their early lives. They were fondly called Yin and Yang by their friend’s circles.

Beginning of the career phase

Asish and Ruchi started their careers as employees. Asish stepped into Matrix Partners as a senior associate and also worked as an engagement manager at McKinsey. Ruchi and Asish again became colleagues at McKinsey. Asish had 4 past jobs as employees before entering entrepreneurship. 

In the year 2015, the birth of OfBusiness restructured the career path of Asish. Later, Ruchi shared the table along with another identity as CEO of Oxyzo.

Track the business turnover

In the financial year 2020–21, the turnover was 1757 crores. The following year, it rose 400 times, with a turnover of 7269 crores. At present, the value is 5 billion dollars. OfBusiness is the first startup with a $100 million Profit after tax. With revenue of Rs 15,000 crore, the OfBusiness company made rupees 463 cr in Fiscal Year 23.

Asish strived for his mantra, "Chase the Unthinkable

The road to success for Asish seems short and smart. Though he did not take many years to be successful, his first step faced many rejections. His ideas were denied 73 times by the investors. Fighting back with the denials helped him reach the top.

OfBusiness and Oxyzo

Many entrepreneurs were curious to know about the themes of OfBusiness and Oxyzo. Some feel it is unbelievable to witness the fast growth of Asish and Ruchi.

OfBusiness is a B2B marketing and sales platform where the raw materials for small and medium businesses are distributed at reasonable rates. Asish united the clients on a common platform and made the raw goods at single price tags. Here, the raw materials include steel, aluminium, copper, zinc, petrochemicals like bitumen emulsion, industrial chemicals, and food grains in agriculture.

Oxyzo offers working capital solutions and financial services to small and medium enterprises. Both firms target the major audience of the country. More than 40% of GDP comes from these focus groups.

Learnings of Asish and Ruchi

The duo unicorns had a remarkable learning phase at McKinsey. Their initial career stages taught them the highs and lows of the business. Asish listed the three lessons learned from McKinsey that greatly helped in his entrepreneurial journey. 

• Professional Thinking
• Impact
• Efficient networking

Professional thinking refines the approach towards customers. Asish felt the need to conquer the platform, overcoming the struggles. Asish started to think professionally during the difficult phases as employees. Many attributes have to be met, irrespective of the environment.

Asish and Ruchi recorded every impact they had with their responsibilities at McKinsey. It was the space felt by the duo as a reliable source for the firm.

The essence of efficient networking was learned by the duo while working with McKinsey. The best way to go along with the clients deeply brings the perfect changes. Networking with people helped establish their business beyond boundaries.

Upcoming goals of Asish and Ruchi

Both are collaborating to achieve bigger goals in their entrepreneurial journeys. Asish is looking forward to earning 80 million dollars in the coming financial year. He focuses on PAT (profit after tax). Asish calculates his profit only after deducting the tax for the financial year. No doubt, check Asish and his duo in the richest people database shortly.

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Frequently Asked Questions

Q: Does business impact the supply chain?

Yes, OfBusiness impacts the supply chain because it provides the raw materials to the end users without intermediaries. It works on the concept of transactions based on credit and commerce. 

Q: Is business beneficial for people?

Yes, business is beneficial to people. The end users buy their raw materials at affordable prices. This approach fixes the cost of the raw materials, irrespective of market fluctuations.

Q: How are Oxyzo and OfBusiness connected?

Oxyzo provides financial solutions to OfBusiness. They are connected officially beyond the identity of the co-founder.

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Conclusion

Asish and Ruchi, the young pair, impact the entrepreneurial environment with new ideas. Their success path is an inspiration for many newbie business enthusiasts. Follow their footsteps to find the possibilities in impossible situations.