Ruchi Kalra is a shining example of entrepreneurial success in India. She, along with her husband Asish Mohapatra, have not only built one, but two unicorn companies, making them a true power couple in the world of business. Their journey is inspiring, showcasing the power of dedication, innovation, and resilience.
Kalra’s academic background is impressive. She holds a B-Tech from IIT Delhi and an MBA from the Indian School of Business. Following this, she honed her skills working at McKinsey for eight years before embarking on her entrepreneurial journey.
In 2015, Kalra and Mohapatra co-founded OfBusiness, a B2B platform that supplies raw materials and industrial goods. Today, OfBusiness boasts a valuation of a staggering Rs 44,000 crore. Their success didn’t stop there. In 2017, they launched Oxyzo, a financial services company providing loans to small and medium businesses that purchase from OfBusiness. Oxyzo quickly gained traction and was valued at Rs 8200 crore after raising 200 million dollars.
This remarkable achievement made them the first couple in India to own two unicorns. Kalra’s business strategy is simple yet effective – extract profit from every transaction. This strategy led to impressive financial results. In FY 2021, Oxyzo’s revenue reached Rs 197.53 crore, growing to Rs 312.97 crore the following year. Their profit also saw significant growth, reaching Rs 60.34 crore in 2021-2022 and Rs 39.94 crore the following year. OfBusiness also performed exceptionally well, achieving a worth of around Rs 7269 crore in FY-22 with a profit after tax of Rs 125.63 crore.
Despite initial setbacks, including 73 investors rejecting their idea, Kalra and Mohapatra persevered. Their dedication and innovative business models paved the way for success. Their two unicorns are currently valued at Rs 52,000 crore, a testament to their remarkable achievements. Kalra’s net worth in 2022 reached Rs 2600 crore, a clear indication of her extraordinary success. Their story is a powerful reminder that with determination, hard work, and a touch of innovation, anything is possible in the world of business.
