Meet Gaurav Mehta who sold his BMW car to build Rs 3 crore Jaipur Watch Company
Gaurav Mehta, has given India its first homegrown brand of bespoke watches. His Jaipur Watch Company' clocks a Rs. 3 crore turnover and makes customized watches. Gaurav Mehta of Jaipur is the founder and director of Jaipur Watch Company, which allows customers to customise their own timepieces with ancient coins, postage stamps, and hand painted images. The company also produces timepieces with calligraphy or jewel embellished dials. Gaurav says, "I was one of the fortunate few who were able to turn my passion into a business, but the luxury watch category, which is dominated by foreign brands, was not an easy one to get into." This industry is dominated by large worldwide brands with substantial marketing budgets. With Rs 30 lakh, Gaurav founded Jaipur Watch Company in 2013. He was able to raise the funds by selling his BMW automobile and borrowing from friends. The company is now debt-free, with an annual revenue of Rs 3 crore. Because the Jaipur bran...