Turning Vision Into Reality
Nothing could dampen the spirits of the 17-year-old who wanted to open his company in spite of Indian laws disallowing it, due to age bar. His cousin joined hands with him and that's how his first company Educell came into existence.
Reminisces Shreyansh, "The decision to get into education business was taken carefully by considering all the statistics and data available - 25 percent IITians join financial firms, 20-25 percent get into marketing, 20 percent into consulting, 20 percent into applied engineering and 5-7 percent get into core engineering. These calculations showed us the opportunities in entrepreneurship in the education sector. We realized that India has only a few premiere institutes and students of small towns are unable to reach them due to lack of proper mentoring."
Through his series of books, his company minted great revenue in a very short span and Sjain series, that unveiled the strategies followed by top IITians, became an overnight success. A year later, Shreyansh opened a company called QEA Eduventure Private Limited.
The new firm started reaping rich dividends and his bank balance started swelling. Driven by the desire to excel in life, he diversified his business to launch DMS Infosystems Pvt. Ltd. at the age of 19 and then his media firm, Next Generation Media (NGM).
Transcending Barriers
The family, understandably, was not happy with Shreyansh's choice to earn while he was studying. His father completed Ph.D. from IIT-Mumbai while his son was pursuing graduation, but he was far from supportive. Some of the partnerships, despite doing well in revenues, proved disempowering, so he has to start all over again with heavy liabilities.
Soon came the challenge of managing several companies and maintaining their divested non-core assets while restructuring the debt, simultaneously raising fresh capital from financial institutions, running the business, both as a CEO and shareholder, continuing to create values for all stakeholders, while also keeping all teams satisfied, engaged and motivated all the time.
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Shreyansh Jain Managing Director, Sjain Ventures
Non-FictionTurning Vision Into Reality Nothing could dampen the spirits of the 17-year-old who wanted to open his company in spite of Indian laws disallowing it, due to age bar. His cousin joined hands with him and that's how his first company Educell came int...
