INDOVATION at its best !

Yes its right India is shinning, our country is really beginning to glow like a neon bulb, high growth rate, higher disposable income, huge market to reach.. I believe everybody would be reading this since a long time now. Yes it’s true to some extent we are getting bigger and better with every month but we still have a long way to got, not in terms of the size but at the mental sphere as well, its time we got a bit more professional in our approach. So while sitting idle last afternoon with less work at hand I was wondering at some things that have made quite an impact in the last few years, some business that have done quite well, surprisingly!

So the below listed businesses have caught my attention not because they are new in terms of the novelty in the concept but also the face that it is really startling to see these kinds of businesses really doing well in a not so innovation friendly country like ours . I believe that INNOVATION has been the corner stone of the success of our country and any country to do well has to be open and ready to face and accept innovation, it really helps a nation to reach new heights in all respects. To name all the business they are

· ONLINE NAUKRI PORTALS- timesjobs.com, naukri.com, monsterindia,com there are so many and almost every one having a 25 lakh users under their kitty, that’s huge user base and huge money as well.

· ONLINE MATRIMONY- Imagine getting married in India on the net, yes it’s possible and it has a huge market too. Shaadi.com has around 7 lakh success stories; bharatmatrimony.com has 7 million registered users. This is probably the logical assumption that this generation is a lot innovative and we rather easy diffusers of innovation.

· RETAIL BANKING – The banking revolution would not have taken place without this, bank has become a grocery story, e-banking, home loans, car loans, personal loans, debit cards, credit cards all in one stop… money everywhere. was banking so prevalent a decade ago ? Now my dad goes to a bank almost everyday, while a couple of years ago it was merely a weekly affair.

· SALON’- we all want to look good, feel look so in the age of makeovers we have seen a heavy makeover to the hair cut n styling industry, its added dimensions, now u get facials, body massages, make up’s and every cosmetic giants have put their act together n now got in. Lakme, L’orea, Marico’s etc. ask your mother if she ever wanted to become a hair stylist, their parents would have laughed it away

So what I mean is all these businesses that have more than a Rs. 100 crore market each wouldn’t have done well at all say 10 years ago. The above mention business were also light on investment .INNOVATION is here to say and more we innovate more we get ahead. So we still need innovation in infrastructure, governance, human resource operations and I guess we are slowly getting there. Think about it and list down more businesses you think have done well which couldn’t have proliferated say a decade ago.