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Indian entrepreneur Vidyut Mohan
Global IndianstoryVidyut Mohan: The Indian entrepreneur who bagged Eco Oscar for recycling agri waste 
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Vidyut Mohan: The Indian entrepreneur who bagged Eco Oscar for recycling agri waste 

Written by: Global Indian

(October 25, 2021) Every year, reams of newsprint are filled with reports about the poor air quality in the country. Come winter, and news about smog in North India due to crop burning, a dismal air quality index, of a capital struggling to breathe, and schools and offices being forced to halt operations take over. In fact, the toxic haze can even be seen from outer space. The tug of war between governments and farmers looking to get rid of agricultural waste seems endless. This is when Vidyut Mohan, a Delhi-based entrepreneur stepped in with his startup Takachar. The firm has developed a unique technology to convert agricultural waste biomass into usable fuel and fertiliser, with the potential to change the way India breathes in the near future.  

Lending credibility to Vidyut’s work is the fact that Takachar recently bagged the inaugural edition of the Earthshot Prize under the ‘Clean Our Air’ category. Set up by Prince William and the Royal Foundation, the awards are dubbed as the Eco Oscars that honour initiatives that showcase human ingenuity in mitigating the environmental impact of climate change. The winners, who received £1 million to carry forward their work and research, were selected by a jury panel that included Indra Nooyi, Sir David Attenborough, and Prince William.  

An incredible achievement for #CleanOurAir Winner: @BiomassTakachar 💨🎉

We’re so excited to see your project develop and help us achieve our goal of restoring the planet by 2030!#EarthshotLondon2021 #EarthshotPrize pic.twitter.com/5CH7L1S4LN

— The Earthshot Prize (@EarthshotPrize) October 19, 2021

What Takachar does 

Founded in 2016, Vidyut began working on a solution to prevent stubble from being burnt. At the same time, he also wanted to create income opportunities for farmers. Since then, Takachar has been dramatically increasing the amount of crop/forest residues that are transformed into marketable products around the world. Takachar manufactures a small-scale and low-cost piece of equipment that uses oxygen-lean torrefaction to process waste biomass such as rice residuals and coconut shells into fuel and fertiliser. In an interview with The Print, Vidyut said, “[Our equipment] has its origins in the French-style roasting of coffee beans. It roasts the biomass in controlled air [in the absence of oxygen]. It takes out low energy molecules leaving behind carbon-rich material that can be used as fuel or fertilisers.” 

This enables farmers to sell this carbon-rich material in the open market and make a business out of it. This in turn, becomes an incentive for farmers to avoid burning agri waste and break the toxic cycle of smog that takes over a majority of the country each year. “It eliminates 98% of the smoke compared to what is generated by open burning and mitigates carbon emissions,” explained the social entrepreneur who was listed in Forbes 30 Under 30. 

Indian entrepreneur Vidyut Mohan

By reducing air pollution that arises due to the annual crop burning, and by making renewable biomass based activated carbon that is competitively priced when compared to fossil based activated carbon, the equivalent of up to 100 million tons of carbon dioxide can be mitigated each year.  

Back to basics 

Born in Delhi, Vidyut studied at the Sardar Patel Vidyalaya before graduating as a mechanical engineer from Bengaluru’s RV College of Engineering in 2012. He then moved to Netherlands for his Masters from TU Delft where he studied sustainable energy technology and sustainable entrepreneurship. After graduating from Delft as an honours student in 2015, Vidyut worked with Simpa Networks as a senior user experience researcher for two years before joining Berkley Lab as a bio energy consultant. He also joined Massachusetts Institute of Technology’s J-WAFS as a bio energy consultant.  

Always passionate about the environment this Global Indian was always involved in eco projects. As a student he worked to estimate solar radiation and solar site surveys for The Energy and Resources Institute, and worked on the service system design of biogas energy services in rural Karnataka with SELCO Foundation among a host of other projects. In 2017, Vidyut was named an UNLEASH Energy Talent; he is a fellow at the School for Social Entrepreneurs India as well as an Echoing Green Fellow.  

Indian entrepreneur Vidyut Mohan

After his initial research for his Masters’ thesis at TU Delft, Vidyut returned to India to work with village communities in the Himalayas to convert pine needle waste into a marketable charcoal-based product. It was during the course of this work that he discovered a way to dramatically scale farm residue utilisation through technology in order to support farm-based livelihoods. This eventually led him to found Takachar in 2016 along with Kevin Kung, where he developed the current technology to help farmers in India turn agri waste into fuel and fertiliser.  

In an interview published in Tata Center, Vidyut said, “During the burning season, air pollution in Delhi is 14 times the safe limit. I want to change that. I have always been passionate about working in the field of energy access and creating income opportunities for poor communities. I believe this is the ideal approach for climate change mitigation in developing countries.” 

He began by designing a small, low-cost device to roast agricultural waste at high temperatures. This ash is then converted into charcoal, fertilisers, and activated carbon that can be deployed in water filtration systems. Once the prototype was ready, Vidyut and Kevin attached the device to trucks and took it to over 4,500 farmers, some even in remote locations. They collected coconut shells, rice husk, and straw. Since inception, this device has processed over 3,000 tonnes of crop waste into marketable products. 

Takachar’s technology and equipment underwent a successful pilot program in Kenya where the fuel generated was sold to over 5,000 farmers. “We will now be embarking on a commercial pilot program using a commercial prototype in two parts of India. The first is at Rohtak with the World Food Programme using rice straws, while the second is near Coimbatore using coconut shells [as biomass waste],” Vidyut said. 

Awards and recognition 

Their efforts were recently recognised by the United Nations Environment Program, which named Vidyut a 2020 Young Champion of the Earth. The award provided Takachar with seed funding and mentorship to help tackle one of the world’s most pressing challenges.  

The recent Earthshot award has come as a shot in the arm for Vidyut, who now hopes to work with 1 million farmers by 2030 and believes that Takachar’s technology could help prevent the release of as much as 700 million tonnes of greenhouse gas emissions. The award itself was a result of a nine month long vetting process. “After we were nominated, Earthshot reached out asking to submit an application,” Vidyut told The Print. The duo had to submit a video pitch about Takachar and attend a two-hour long interview before being selected among the top 50 finalists.   

“We didn’t know ahead of time that we had won. It was completely unexpected, has resulted in a tsunami of interest from so many people and has put our work on the international stage,” he added. 

 

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  • 2020 Young Champion of the Earth
  • agriculture waste
  • air pollution
  • climate change
  • Earthshot Prize
  • Eco Oscars
  • environment projects
  • Forbes 30 Under 30
  • Global Indian
  • Prince William
  • social entrepreneur
  • sustainable energy technology
  • sustainable entrepreneurship
  • sustainable projects
  • Takachar
  • The Royal Foundation
  • TU Delft
  • United Nations Environment Program
  • Vidyut Mohan

Published on 25, Oct 2021

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Upcycler’s lab 

[caption id="attachment_10796" align="aligncenter" width="503"]Indian entrepreneur Amishi Parasrampuria Amishi Parasrampuria[/caption]

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[caption id="attachment_10798" align="aligncenter" width="560"]Indian entrepreneur Mathew Jose Mathew Jose[/caption]

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[caption id="attachment_10800" align="aligncenter" width="301"]Indian entrepreneur Pooja Rai Pooja Rai[/caption]

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Namo e-waste 

[caption id="attachment_10802" align="aligncenter" width="601"]Indian entrepreneur Akshay Jain Akshay Jain[/caption]

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[embed]https://twitter.com/rajdey/status/1447861833268879360?s=20[/embed]

Starting young 

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Global Indian Rajeeb Dey

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Global Indian Rajeeb Dey

On an entrepreneurial roll

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target="_blank" rel="noopener">Global Indian. Incidentally, Prabhdeep Singh also featured in the Forbes 30 Under 30 list.  

The other founders are Antoine Poirson, COO, and Jose Leon who is the CTO of StanPlus. 

Indian entrepreneur Prabhdeep Singh

Meteoric rise 

Within a short period, StanPlus has become India's largest ambulance dispatch service with a strong network in Hyderabad, where it has its base. Red Ambulance today represents quick response, fast transport, top-of-the-line medical equipment and quality paramedics wherever they operate. "We are operating in Hyderabad, Bengaluru, Raipur, Coimbatore and Bhubaneswar at the moment with our own ambulances; these will soon be expanded to Mumbai, Chennai, Delhi, Kolkata and Pune. We operate pan India with our aggregate network," says Prabhdeep, who grew up in Chandigarh and studied at Narsee Monjee Institute of Management Studies before moving to France for his MBA. 

A single toll-free number for all geographies has made it the go-to emergency ambulance service in Hyderabad, Bengaluru and several other cities. 

In the last five years, the organization has already gone through the rigmarole that any startup would face — funding, technology adoption issues, finding quality personnel, on boarding hiccups and the Covid-19 pandemic, but it has come out on top, thanks to its innovative platform, doggedness of its founders and the belief that the platform is built to succeed. "As any other startup, we had our challenges. We went through a death valley curve as well. But we always kept an open mind. We believed in the vision and skills of the experienced founding team, and scope of the market. There is a huge gap that needs to be filled between existing and potential quality emergency care in India, StanPlus passionately works towards that every day," says Prabhdeep. 

[embed]https://twitter.com/singhofstanplus/status/1434471001669058569?s=20[/embed]

The potential it holds 

Prabhdeep Singh says that investors in the startup are excited about how far it has come. "We have had an amazing experience with our investors, which includes people who are on our board and those who've joined us on the journey. Their feedback, inputs and guidance are invaluable," he says. 

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It is not content with operations on the ground alone. The Red Ambulance service of StanPlus, will now foray into the air ambulance space across India. However, air ambulance services are considered expensive with no organized player in the space. But StanPlus seems to have a plan in place. 

Indian entrepreneur Prabhdeep Singh

If anybody had any doubts about the StanPlus model's sustainability or the aggressive nature with which it has been expanding, its work during Covid melted away those thoughts. While most of the country came to a halt during the both waves of the pandemic in 2020 and 2021, it was probably the busiest time for Prabhdeep Singh and his team, meeting the challenge head-on came. And they came out with flying colors. "The biggest challenge was when our own employees were covid infected. As a healthcare company operating in emergency response, we had a responsibility to enable our healthcare system to cope better. There was a 10x increase in our demand for our services, but the supply of quality ambulances was short. The oxygen shortage impacted us. All of this also increased the cost of operations. We have taken responsibility for ensuring that no patient pays more than the standardized rate in the regions where we operate," recalls Prabhdeep. 

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ong>, while Startups.co.uk included him in their list of 15 Young Entrepreneurs to Watch in 2018. By 2019, The Great British Entrepreneur Awards listed him in their 20 Most Exciting Entrepreneurs to Watch For and this year, he was included in Forbes 30 Under 30 Europe Technology list.  

Turns out, this young Global Indian had always had an entrepreneurial streak.  

[embed]https://twitter.com/bbcideas/status/1280095900128468992?s=20[/embed]

The Harrow lad who made it big 

Akshay was born in 1998 in Hemel Hempstead in a Gujarati family: both his parents are hearing impaired. His father Kaushik Ruparelia is a care worker, while his mother Renuka a teaching assistant and support worker for deaf children. His parents impairment meant that Akshay had begun shouldering responsibility from a young age along with his elder sister. When his family moved to Harrow, he attended Queen Elizabeth’s School, Barnet. The Indian-origin youngster had always had an entrepreneurial streak from a young age and would often sell sweets for a new PlayStation, sell colognes or start a new app. In an interview with Love Money he’d said, “I’ve always enjoyed the feeling of trading and working with new ideas, outside the framework of the school curriculum.”  

Akshay was exposed to the real estate industry at a young age when his parents were looking to move the family home from Hempstead to Harrow. The experience exposed him to how real estate agencies functioned, the services they offered and the costs involved. By the time he was 17, he began to notice several gaps in the market and the exorbitant costs involved for the home buyer.  

British Indian entrepreneur Akshay Ruparelia

Starting small 

That’s when he decided to launch Doorsteps, a disruptive new online real estate agency that drastically cut down agent fees and made selling and buying homes a whole lot easier. He’d borrowed £7,000 from relatives to start the website and would hire call centers to take client calls while he was at school. Once he’d get home from his classes, he’d begin returning those calls.  

His first breakthrough came when his first client, a man from Sussex, asked Akshay to sell his house and a chunk of land next to it. “I had to pay my sister’s boyfriend 40 pounds to drive me to Sussex to take photographs of the house, as I hadn’t passed my driving test and didn’t have a car,” he told Hindustan Times in an interview. He was able to sell the property and land within three weeks and that set the ball rolling for this youngster.  

British Indian entrepreneur Akshay Ruparelia

Before long, he’d begun to expand his team and hire employees to aid his work. His model was based on hiring a network of self-employed mothers across the UK, who would show clients around the properties he’d listed. “Quite rightly people trust mums. Every mum who works for me will be honest and tell the truth. It is important. For the majority of people selling their home is the biggest financial transaction of their lives,” he told the Daily Mirror. 

Breaking ground 

Within 16 months of launching Doorsteps, the company became the 18th biggest estate agency in the UK. What worked in Akshay’s favor was his keen business acumen. He stuck to one office, worked with local property consultants and focused on customer service. Doorsteps allowed people to sell their property for a set fee (a fraction of the market rate) from the comfort of their homes.  

His idea to set up a small business stemmed from his reading of Ryanair founder Michael O’Leary’s biography. “Mr O’Leary began by selling flights for just 4.99 pounds. His point was that if you can offer customers something at a price they can’t believe and you deliver what you say you will, you hook people in and your business will work,” he said. He also followed brands such as Uber and Amazon to learn disruptive business tactics. 

British Indian entrepreneur Akshay Ruparelia

In an interview with Forbes, Akshay said that he imbibed his work ethic from his family.  “My parents’ work ethic is amazing. Dad was kicked out of Kenya with his family and moved to the UK. Being deaf (both Akshay’s parents and one of his sisters are deaf) made things even more difficult. But they worked very hard, saved, scrimped and became independent from their family. That’s where I get my work ethic from – not only from an imitation point of view and role modelling, but my desire to succeed was initially driven by the goal of changing their lives for the better.” 

His business grew quickly under his leadership and in 2020 Doorsteps was valued at £18 million making it the third largest online estate agent and the 10th largest estate agent in the UK.  

A bend in the road 

Earlier this year, Akshay announced his decision to move on from Doorsteps following a strategic difference with his fellow director. In his statement, he’d said, “I am deeply motivated and passionate about the projects I will be moving onto, starting with AKR Growth Ventures. The purpose and mission of AKR Growth Ventures is to change lives by helping young founders, startups and charities disrupt out-of-date and out-of-touch business practices – through technology, organisational culture and exceptional performance.”   

[embed]https://www.youtube.com/watch?v=mWNT-wWiKz8[/embed]

Incidentally, Akshay had been offered a place at Oxford University to study Economics and Mathematics back in 2017. At the time, he decided to forego the admission to focus on his business. However, last year, the youngster completed the 10ksb program by Oxford.  

Giving Back 

The youngster, who’s been making waves in the world of business, also actively works to give back to the community he lives and works in. Akshay became the ambassador for the Royal Association of Deaf People, a non-profit organization, in 2020. He is also on the board of The Prince’s Trust RISE young philanthropy campaign. Apart from that he is the ambassador of the Harrow United Deaf Club and supports the Step Up to Serve program by iwill Campaign. 

 

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Reading Time: 8 mins

Story
Nithin Kamath: How this fintech entrepreneur went on to become one of the richest Indians 

(September 7, 2021) He was all of 17 when he was first introduced to the world of finance and trading. Rather taken in by the whole concept of trading, Nithin Kamath spent the next 12 years doing just that. By the time he had graduated from engineering college, he’d earned a sizeable amount of wealth... only to lose it all soon after. Refusing to give up, he soldiered on and continued to trade during the day and worked at a call center during the nights. The tide finally turned when he met a high net worth individual who handed him a cheque and asked him to manage his money.   [embed]https://twitter.com/Nithin0dha/status/1433061564865646592?s=20[/embed] By 2010, he’d garnered enough confidence and funds to launch his own startup – Zerodha, a retail online stock broking company – in association with his brother Nikhil. Ever since, the startup has been changing the way young India invests in stocks. The Bengaluru-headquartered company offers retail and institutional brokerage, currencies and commodities trading, mutual funds, and bonds. With an active client base of over 3.5 million, Zerodha is the largest retail stockbroker in India, beating even traditional brokerage firms such as ICICI Securities and HDFC Securities. In 2020 Zerodha became one of the rare profitable fintech companies to

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ve client base of over 3.5 million, Zerodha is the largest retail stockbroker in India, beating even traditional brokerage firms such as ICICI Securities and HDFC Securities. In 2020 Zerodha became one of the rare profitable fintech companies to attain unicorn status and the 42-year-old Nithin made his debut on the Forbes list of India's 100 richest. His net worth is estimated at $1.55 billion. 

[caption id="attachment_9567" align="aligncenter" width="453"]Indian entrepreneur Nithin Kamath Nithin and Nikhil Kamath founded Zerodha[/caption]

Journey to the top 

Born in a Konkani family in Shivamogga, Nithin was raised in Bengaluru by a veena teacher mother and a Canara Bank manager father. Growing up in a neighborhood filled with active traders, Nithin was first initiated into stock broking at the age of 17. He was rather taken in by the whole system of making money through stocks and soon realized that he had a penchant for it too. He began actively trading ever since and continued to do so through his college years Bangalore Institute of Technology. By the time he’d graduated he’d earned a handsome profit. But that’s when things went south.  

[caption id="attachment_9566" align="aligncenter" width="547"]Indian entrepreneur Nithin Kamath Zerodha in its early days; Nithin Kamath (extreme left)[/caption]

He’d borrowed money to trade and ended up blowing his trading account and lost a lot of money. To make up for the debt he took up a call center job that he worked at for four years even as he continued to trade during the day. On his website, Nithin writes, “I quit my job when I met the first person who asked me to manage their portfolio.”  

By 2006, he had become a franchisee of brokerage firm Reliance Money to start a formal advisory business. Around this time, he was joined by his brother Nikhil, who Nithin claims is a better trader than he was. With Nikhil handling trading, Nithin figured he could set aside some time to build a brokerage firm that they wanted. When the markets crashed in 2008, several people suffered heavy losses, but Nithin had managed to make some money. By 2010, the brothers took the plunge and set up Zerodha.  

Hustling to succeed 

The idea for the startup came about when Nithin felt the need for a platform that offered people a seamless trading experience. He also believed that people needed a platform to educate them on the different investment options available. “With Zerodha, we were the first to introduce a flat fee model (a maximum of ₹20 per trade), helping traders save upto 90% of brokerage charges compared to the exorbitant percentage fees which was common at the time," Nithin writes on his website, “In addition, we offered this single pricing plan to all our clients unlike the then incumbent players who had opaque offerings for different groups of clients. While we started from zero, this transparency slowly got us attention on online communities and via word of mouth.” 

[embed]https://www.youtube.com/watch?v=u2eMIWDzuM0[/embed]

The operations which initially focused on day traders have now evolved to cater to long-term investors. The company began as a completely bootstrapped venture and has so far not required any external funding; it has been thriving despite the pandemic with people making a conscious effort to begin their investment journeys in these uncertain times. The platform has seen a 100% growth in concurrent users and won the NSE Retail Broker of the Year in 2018.  

In addition to this, Nithin and Nikhil also founded investment management firm True Beacon which is aimed at ultra-high net worth investors and operates on a zero-fee model.  

 

Giving Back 

To empower retail traders and investors, Zerodha runs a number of open online educational and community initiatives. Varsity, is a learning module to educate young investors looking to explore the world of trading; it also has an active forum (Trading Q&A) for traders and investors to discuss stock ideas.  

[embed]https://twitter.com/Nithin0dha/status/1433820768597516291?s=20[/embed]

In January 2021, Nithin set up the Rainmatter Foundation for which he set aside $100 million. The Foundation supports grassroots individuals and organizations working on solutions for climate change. A special emphasis is also laid on afforestation and ecological restoration activities. In an interview with YourStory, Nithin said, “I have had a problem with the concentration of wealth, where a small bunch of people have access to a high amount of wealth. It is time that these people do something to give back to society.” 

 

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About Global Indian

Global Indian – a Hero’s Journey is an online publication which showcases the journeys of Indians who went abroad and have had an impact on India. 

These journeys are meant to inspire and motivate the youth to aspire to go beyond where they were born in a spirit of adventure and discovery and return home with news ideas, capital or network that has an impact in some way for India.

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