Hyderbad is fast becoming a magnet for innovation and next-gen business. After global biggies such as Google, Amazon and Uber had annouced plans to set up large operations in the state, it is now the turn of Indian companies to come calling.
Tata Sons is setting up India’s largest incubation center, T-Hub in Hyderabad. The facility will be inaugurated on September 7th this month by Chairman Emeritus Ratan Tata.
While sometimes this Baba may shock some of the more rationals in the country with a few shocking statements, (Ayurveda can “cure” AIDS, crossdressing appearances and whacky antics, what one can’t take away from the maverick is his success, his hard work, and his business savvy. He’s an unlikely entrepreneur that without the fanfare of a Bansal or a Birla is quietely, (and sometimes not so quietly) touching lives in ways that a Flipkart or a Unilever may not.
Unilever was recently called out in a video put together by the activist campaigning group Jhatkaa, highlighting the issue of mercury poisoning and environment pollution caused by a former Unilever factory set up in Kodaikanal, a hilly town in the Indian state of Tamil Nadu. The company responds, refuting most of the allegations.
Here is a roundup of some of the traditional businesses that are feeling the pinch of the mushrooming startups that threaten to affect them and eventually even displace them. What remains to be seen is whether the traditional businesses will adapt to this change, reinvent themselves and join in the wave on a “If you can’t beat them, join them” philosophy, or wait it out, let the wave pass, for the VC funded startups to bust as the red bottomlines begin to show, and emerge as the classics.