India is fourth on the list of 51 countries with quality entrepreneurship ecosystems. Much of its credit goes to India, which has the world's largest workforce of over 1 billion working-age adults. It is also the reason why global companies like Amazon and Apple have decided to open large research and technology centres in India.
A median age of 29, which is way too low compared to the U.S. and China, where it is around 38, speaks volumes about India's young workforce. Amidst all the talks of India being the country with the largest number of working-age adults in the world, it is also the home of entrepreneurs. In recent years, we have seen a massive wave of startups in India.
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Every now and then, we read headlines about how a woman quit her job to start her own company or how a college dropout started his own company. And there's no second thought about the fact that India is filled with so many inspiring stories. One such story is of Tilak Mehta, who founded his company, Paper n Parcels, at the age of 13.
As per multiple reports, Tilak became India's youngest entrepreneur, when he opened his enterprise back in 2018. Today, we are going to take a look at his entrepreneurial journey, which has inspired a lot of aspiring entrepreneurs across the world.
If the reports are to be believed, Tilak Mehta was born in 2006 in Aurangabad to his parents, Vishal Mehta and Kajal Mehta. From an early age, Tilak was quite creative, and he used to do a lot of creative work.
Talking about his educational background, Tilak was in class 8 when he founded his company, Paper n Parcels and kick-started his entrepreneurial journey. As per multiple reports, Tilak is in class 10 as of now (2023), and he is studying at Gurukul Olympiad School in Maharashtra.
For the unversed, Tilak Mehta's company, Paper n Parcels is an application that fulfils people's demand to avail hyperlocal delivery services in India's select cities. The application has joined hands with food delivery agents in Maharashtra, popularly known by the name, 'Dabbawallas', which allow users to book door-to-door services at their specific time and location.
Delivering items on the same day at a cost-effective price has made Paper n Pacels a hit in Maharashtra and other major cities in India. The application has been a hit and is available for Android and iOS.
According to multiple reports, when Tilak Mehta was in class 7 or 8, he couldn't get his books and some important assignments on the same day from a different part of the city. After facing such an issue, he realised how not having the same-day delivery is a major problem in a city like Mumbai. Hence, he decided to partner with Mumbai's famous Dabbawallas, and with the help of his father, he put his idea of starting a same-day delivery company into action.
Soon, in the coming years, Tilak Mehta expanded his company and entered logistics. As per reports, Paper n Parcels has around 200 direct employees and 300 dabbawalas, who helped the company achieve the target of 1200 deliveries in a single day. As per the information available in the public domain as of now, Paper n Parcels is worth Rs. 100 crores.
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Apart from being a successful entrepreneur, Tilak Mehta is also an avid social media user. Time and again, we have seen him sharing pictures from his visit to schools or colleges to share some insights from his entrepreneurial journey so that other youngsters can also turn their dreams into reality.
Courtesy of his inspirational journey at such a young age, Tilak was also invited as a TEDx speaker to share his insights into the business world with all aspiring entrepreneurs worldwide. From receiving awards for building a company worth Rs. 100 crores to setting an example in society for other youngsters, Tilak is indeed a source of motivation for every dreamer out there.
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India's youngest entrepreneur, Tilak Mehta, who founded his company, Paper n Parcels, at the age of 13, has an estimated net worth of Rs. 65 crores. The young businessman reportedly earns Rs. 2 crore monthly, which speaks volumes about his growing business. Talking about the future of Paper n Parcels, Tilak is inspired by famous business personalities like Mukesh Ambani and Steve Jobs. The young entrepreneur aims to generate employment with his visionary ideas.
What are your thoughts on Tilak Mehta's inspirational journey as an entrepreneur so far? Let us know.
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