From failure to billion dollar success: Rakesh Chopdar's remarkable journey

By Ishwi Singh  |  First Published Dec 20, 2024, 8:49 AM IST

Rakesh Chopdar leads a billion-dollar business in the global manufacturing industry. His journey from a struggling student to the founder of Azad Engineering is a testament to perseverance and the power of learning.

From failure to billion dollar success: Rakesh Chopdar's remarkable journey iwh

Rakesh Chopdar's inspiring journey is a powerful reminder for those who give up after facing setbacks. Once labelled a failure in academics, Rakesh now leads a multi-crore business and has established a strong presence in the global manufacturing industry. His success stands as a testament to the idea that failure is merely a stepping stone, not the end of the road.

Background

Growing up, Rakesh faced constant criticism from family and friends due to his poor academic performance. His disappointing results in the class 10 exams severely impacted his confidence and many started labelling him as 'useless' and predicting a future of failure. However, Rakesh refused to give up. After leaving school, he joined his father’s nut-and-bolt factory, 'Atlas Fasteners.' It was here that his real learning began. He gained valuable technical and management skills, which ultimately laid the foundation for his future success.

Azad Engineering

After spending 12 years working in the family business, Rakesh founded 'Azad Engineering' in 2008. His journey began modestly, with a second-hand CNC machine in a small shed. Rakesh’s first major breakthrough came when he secured a large order to manufacture airfoils for thermal power turbines. This order marked a turning point for the company, earning it global recognition and paving the way for its future success.

Business success

Today, Azad Engineering manufactures high-precision rotating parts for the energy, military aviation, and oil and gas sectors. The company has forged partnerships with industry giants such as Rolls-Royce, Boeing, GE, and Pratt & Whitney. In 2008, the company’s revenue was a modest Rs 2 crores. By 2023-24, it had soared to Rs 350 crore. Having gone public, Azad Engineering's market value now exceeds $1 billion, a remarkable transformation from its humble beginnings.

Expanding the business

Azad Engineering is in the process of constructing a new 2,00,000 square metre facility with an investment of Rs 800 crores. This state-of-the-art facility will serve the aerospace, defence, and energy sectors. Recently, the company signed an agreement with the Defence Research and Development Organisation (DRDO) to manufacture hybrid turbo-gas generators, with the first batch set to be ready by 2026.

Rakesh not only realised his own dreams but also created employment opportunities for hundreds of people. Today, his company supports numerous families, contributing to the community's growth. His journey teaches young people that with dedication, patience, and a passion for learning, even the most impossible goals can be achieved.

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