Tushar Jain's journey from selling bags on the streets of Mumbai to heading a ₹250 crore company is a testament to resilience and entrepreneurial spirit. His story, marked by adversity and triumph, is an inspiration for those who blame fate for their failures.
In 1992, the Harshad Mehta scam shook India's financial landscape, leaving many families financially devastated. Among them was Tushar Jain's family, who lost everything. Determined to overcome this setback, Tushar, along with his teenage son, took to the streets of Mumbai to sell bags.
The streets became Tushar's classroom, where he learned the intricacies of sales, customer understanding, and market dynamics. Every interaction honed his business acumen, transforming his journey from mere survival to laying the foundation for a remarkable resurgence.
After years of relentless hard work, Tushar founded High Spirit Commercial Ventures in 2012. The company quickly rose to become India's fourth-largest backpack and luggage seller. Headquartered in Mumbai, with 10 regional offices across India, the company's meteoric rise is a testament to Tushar's leadership.
Tushar's journey wasn't without its challenges. He started trading in Surat in 1999 with 300 retailers and moved to Mumbai in 2002 to expand his reach across India. In 2006, he began providing customized bags to important clients. By 2007, he had established a foothold in the Indian market, leading to the establishment of his first manufacturing unit.
In 2014, High Spirit Commercial Ventures reached a production capacity of 10,000 to 20,000 bags per day, with a turnover of approximately ₹90 crore. By 2017, the company launched Traworld and Hashtag, catapulting its value to ₹250 crore with a manufacturing capacity of 30,000 to 35,000 units per day.
Tushar Jain's success story is not just about financial achievement; it's also about generating employment for thousands. He has trained many entrepreneurs who are now earning up to ₹50 crores. Tushar's unwavering determination and triumphant spirit serve as an inspiration, proving that with hard work and dedication, one can overcome adversity and achieve remarkable success.
