Kunal Shah - Complete Success Story
Once upon a time, he left his studies and did the work of selling CDs, today the founder of CRED, Mr. Kunal Shah has created a company worth crores.
When their is a will, their is a way. You must have heard about many such people who have made a special identity after completing their studies, but can you imagine that a person can leave his studies in the middle and one day create a company of crores?
A direct example of this is Mr. Kunal Shah, the founder of 'CRED' who has set an example in front of the world with the help of his different idea. Kunal had once left his studies in the middle. After which Kunal and his friend Sandeep Tandon launched Freecharge in the market in the year 2010. After which he went on touching the heights of success. Today, he is writing new success stories through the credit card payment company 'CRED' (CRED). But it was not so easy for Kunal Shah to reach the heights of success. Let us know the inspirational journey of his life.
He wanted to make a special identity of himself apart from the family
Born on 20 May 1983 in a business family in Mumbai, Maharashtra, Mr. Kunal Shah wanted to do something different from the beginning. He received his Bachelor of Arts (Philosophy) degree from Wilson College, Mumbai. After this he studied MBA from Narsee Monjee Institute of Management Studies (NMIMS Mumbai) for some time, but then he felt that he was wasting money by doing MBA. So he left his studies in the middle and set out on the path of doing something different.
Started working from the age of 16
Mr. Kunal Shah started earning only at the age of 16 as the financial responsibility of the family fell on him early. To earn money, he started several industries along with setting up cyber cafes. After leaving his studies, he decided to start his own startup. For this he started his career in 2000 as a junior programmer at a business process outsourcing start-up (BPO) named TIS International Inc. After working as a programmer in a BPO, he started selling CDs and with this he started his new innings. He opened a company called Paisaback and after that he received funds from many groups.
Freecharge company started like this
After receiving funds from many places, Mr. Kunal Shah founded the Freecharge company in August 2010 along with his friend Sandeep Tandon. After the successful launch of FreeCharge, Snapdeal took over the company in April 2015. After the acquisition, FreeCharge continued to be run as an independent entity under Shah's leadership. He finally left FreeCharge in October 2016. Subsequently, in July 2017, Axis Bank acquired FreeCharge.
This is how I got the inspiration to start CRED
After leaving Freecharge in 2015, Mr. Kunal has traveled to many countries and spent time getting to know them. After which he came to know that in developed countries, there were no people to facilitate petrol pumps, only technology was being used there. Due to which Kunal realized that the people there are making good progress. Seeing this inspired him to do something in India too. After which Kunal Shah founded CRED in the year 2018, which targets the top 1% of the Indian population with high disposable income to spend. CRED is an online application available on Android and iOS that rewards users in the form of coupons for making credit card bill payments through their platform.
Today he is earning crores
Mr. Kunal Shah, who once sold CDs, is earning crores every year today. The start-up CRED started by him has been established as a successful company today. CRED is a means of paying credit card bills. It gives new rewards for paying bills online. Cred has recently launched two new features, Rent Pay and Credit Line. Cred currently has partnerships with companies like Book My Show, Fresh Menu, Urban Ladder, Body Craft.
Kunal Shah, who once started his own from a small startup, has made a special identity for himself today. He has written a new success story on the basis of his hard work and dedication. Kunal Shah is an inspiration for millions of people today. I would like to sincerely appreciate Kunal Shah's hard work and his innovative thinking.
2 comments
informative post thanks for sharing !
ReplyDeleteSudheer Sandra is the leading Motivational Speaker in hyderabad and Psychologist. Sudheer Sandra Career Counselling Centre in Hyderabad with the intent to provide solutions to all kinds of career confusions among students and professionals.
He is very passionate about Psychology and is intend to spread awareness about psychology and mental health. The process of finding your purpose involves finding your passions first, which made him to choose psychology after his Engineering
Very inspiring story. Public speaking is an art that holds the power to captivate, inspire, and leave a lasting impact on audiences. McKinley Curtis III(Curtis Leadership and Training) is one of the very popular motivational speakers in the USA. He is a very experienced motivational speaker. I always follow him.
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