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October 09, 2014

Profile of Meru Cabs founder Neeraj Gupta

From the Mint article

He did almost nothing for five years after his graduation from Mithibai College in Mumbai. “My wife got a job at Jet Airways right after college and my only job for the next five years was to pick her up from the airport everyday,” he said.

...Gupta realized that business is what he wanted to do. In 1999, he started a garage named Elite Class. He used to offer vehicle repairs and annual maintenance services to customers. Then in 2001, he set up V-Link Automotive Services Pvt. Ltd, which supplied vehicles to firms. “Tata Infotech Ltd approached us to provide bus service. It all began with a bus, a driver and a cleaner,” he recalled. V-Link still offers vehicle services to companies under the same brand.

Six years later, Gupta launched Meru Cab. “When we decided to start Meru, we needed funding and India Value Fund stepped in to help,” Gupta said. He counts every penny. “India Value wanted to splurge on branding and at that time I felt spending so much on branding is not worth it. Now, I feel it was all important.” India Value Fund has invested about Rs.200 crore in the company. Now Meru has a fleet of 9,000 cars doing 30,000 trips a day in six cities. Meru was among the first to enter the radio taxi business in India. 
He did almost nothing for five years after his graduation from Mithibai College in Mumbai. “My wife got a job at Jet Airways right after college and my only job for the next five years was to pick her up from the airport everyday,” he said.

Read more at: http://www.livemint.com/Specials/jYWvgozlD8eYWvl2nVD0UM/Neeraj-Gupta--The-expressway-to-taxi-rank-and-success.html?utm_source=copy

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