- Man rejected a job offer from Tata Consultancy Services (TCS) to start a rice distribution business, according to a viral post on social media.
- He now reportedly earns ₹25 lakh annually from his rice business, which he started after rejecting the TCS job offer.
- The businessman purchases rice directly from farmers, gets it cleaned and packaged under his own brand, and supplies it to nearly 200 retail shops.
- Rice is purchased at ₹35 per kg, with additional costs for packaging and transportation, leading to a total cost of ₹40 per kg.
- The packaged rice is sold to retailers for ₹50 per kg, allowing for a profit of ₹10 on each kilogram sold.
- The business supplies around 200 quintals, or 20,000 kilograms, of rice every month to its retail partners.
- The story has sparked discussions about entrepreneurship and the risks associated with leaving a stable corporate job.
- Social media users have commented on the risks and rewards of entrepreneurship, emphasizing that taking risks can lead to greater profits.
A viral post on X has highlighted the story of a man who turned down a job offer from Tata Consultancy Services (TCS) to pursue a rice distribution business, reportedly earning ₹25 lakh annually. The story, shared by Ankit Pandey, details how his friend faced skepticism for rejecting a stable corporate career.
According to Pandey, the entrepreneur purchases rice directly from farmers at ₹35 per kilogram, with additional costs for packaging and transportation bringing the total to ₹40 per kilogram. The rice is then sold to retailers for ₹50 per kilogram, allowing for a profit of ₹10 per kilogram sold. The business now supplies around 200 quintals (or 20,000 kilograms) of rice every month to nearly 200 retail shops.
While the financial details have not been independently verified, the story has sparked discussions about the merits of entrepreneurship versus traditional employment. One user commented, “Bro, life works on a very simple rule: bigger the risk, bigger the profit.” Another added, “Degree or not, owning your distribution and building a real economy supply chain will beat a standard corporate salary every single time.” This narrative challenges the notion that a stable corporate job is the only path to success, emphasizing the potential rewards of taking risks in business.7
The story has resonated widely, reflecting a growing interest in entrepreneurship and the changing perceptions of career success in today's economy.
“Entrepreneur buys rice at ₹35 per kg from farmers, packages and sells to retailers at ₹50 per kg, yielding ₹10 profit per kilo; his business supplies 20,000 kg monthly to 200 shops. One user commented 'bigger the risk, bigger the profit'; another said 'degree or not, owning your distribution beats a standard corporate salary.'”
The Siasat Daily
