EARLY LIFE OF THEENTREPRENEURMD Enterprissess is a newand dynamic company owned by Mrs. Prabha Nagendiran which was started andregistered in 2015. She was from amiddle class family.
As like most of us, she dreamt of becoming a teacherduring her childhood days but due to family situations and the societal normsshe had to give up on her studies after her plus 2 and was married at the ageof 18.Even though her family wasvery orthodox, Mrs. Prabha was blessed to have a partner who encouraged her tocontinue her studies. With his support she did BA(Hindi) through correspondenceand joined MA(Hindi) in Pondicherry University. She was very quiet and shyduring her college days. She was so hesitant to even speak with her ownclassmates. Unable to cope up with this, she decided to quit her studies . ButDr.
Padmapriya, the then HOD advised and stimulated her continue her Post Graduatedegree. This made her overcome fear and she even received scholarship for herexcellance in academics. Mrs. Prabha completed her Masters with 75% CARRIER IN TEACHINGAfter her M.A.
, she joined aprivate school named Vijayanjali and was a teacher for four years. Mr. Nagendiran was a Sculptor, he used tosculpt only using his hands. After the introduction of big new machines in hisfield, there was a drop in his work and earnings as those who used machineswere able to complete the work earlier and cheaper comparatively.Mrs. Prabha wanted tosupport her family financially, but she was unable to continue her carrier inteaching as she had a new born baby at that time. And if she had been ateacher, she has to work from 9 a.
m. to 6 p.m. SPARKLING OPPORTUNITYMrs. Prabha Nagendiran hadan idea of starting a business and that was the she met her classmate Mr.Karthik. He told her about starting his new venture and asked her if she couldjoin it.
Mrs. Prabha started managingthe activists in his Bag manufacturing company, where Mr. Karthik contributedonly capital and the management was completely handled by Mrs. Prabha. After 3 years, Mr. Karthikwithout even any prior discussion, suddenly shut down the Bag Manufacturingcompany.
At that point of time Mrs.Prabha who wanted to support her family financially almost don’t know what todo. THE TURNING POINTThe above mentioned incidentinstigated her to start a business of her own. As she had been managing all theactivities from top to bottom in that Bag manufacturing enterprise, She decidedto lay foundation of a similar Bag Manufacturing business. As she hadexperience of how to carry on a bag business she was confidently nailed tostart up this. THE START-UPMrs. Prabha Nagendiranstarted ‘MD ENTERPRISESS’.
Initially she made an investment of Rs.2 lakhs. Itwas created and aimed at offering high quality bags at a very reasonablewholesale price delivered at anywhere in India. They used to buy quality raw materials from Chennai. The materials whichshe purchases from Chennai are: Rexene (polyesters guaranteed ergonomic), finequality thread and long lasting Zips. She places order for materials as and when she receives a bulk orderfrom her customers. Usually there is a high demand of bags during the month ofMay and June. They need to work foratleast 4 months in advance to meet the demand during the peak time.
SOURCE OF CAPITALInitial capital contributedfor the purpose of starting this business was Rs.2 lakhs. She records theincome and expenses in a notebook and no accountant is being appointed for thispurpose. MD Enterprisess has been paying Sales Tax since it has been started.
TAG LINEThe motto or tag line behindthis enterprise is that “We don’t dofashion, are bags are fashion”LABOURInitially when the businesswas started only 2 people were employed. Well trusted people who are beensuggested by known people are being employed in this enterprise. All thematerials and the model of the bags will be done by Mrs. Prabha and will besent to the tailors, who would stitch them and return it to her.
As of now, she doesn’t roof all the tailorsin one building. They are located at different places in Puducherry. They arebeing paid based on the number of pieces they stitch. At present there are 8 employeesof which one of them is a female.
Vetri, Velu, Balaji, Vijay, Pugazh, Deva,Durai and Vasuki, who work only for her from different areas are the currentemployees. PRODUCTSThe following are thedifferent products manufactured and sold by MD Enterprisess:Ø Schooland college bagsØ LunchbagsØ SeminarbagsØ TravelbagsØ HandbagsSome of the hand bags sold isbrought from Bangalore by Mrs. Prabha.