Ashfaque Chunawala, born in a modest family in the Oshiwara region of Mumbai, had to leave his studies after class 10 due to financial difficulties. He endured numerous challenges in his life, and today, he makes Rs 36 crore in a year and owns a fleet of 400 cars.
Ashfaque Chunawala was born in a modest family in the Oshiwara region of Mumbai. He had to leave his studies after class 10 due to financial difficulties. To support his family, he began working at a grocery shop, earning a monthly salary of Rs 1500.
From a young age, he dreamed of achieving greatness in life. He even worked as a manager at an apparel store and as a driver at night to earn a decent living. Today, he makes Rs 36 crore in a year and owns a fleet of 400 cars. Ashfaque Chunawala is the proud owner of a cab business called Jibz India.
Ashfaque Chunawala
Ashfaque Chunawala worked in a departmental store for more than 10 years to support his family. When he became a manager, his salary increased to Rs 35,000. He invested his savings in various ventures, but these investments failed, leaving him in debt. However, despite every setback, he persevered to do better.
Business ideas
In 2013, he came across an advertisement for a ride-hailing app, marking a turning point in his life. He realized the potential of the business and decided to venture into it. He bought a small car at a low price and joined the app, working as a part-time driver. During this period, Ashfaque worked as a manager in the store during the day and drove at night. He felt motivated when he began earning around Rs 15,000 a month from driving.
With some savings and borrowed money, he bought another car for his business. Then, he took out a loan to purchase more cars. Each time one loan was paid off, he would buy another car, steadily increasing his earnings.
Achieving success
In about 10 years, Ashfaque Chunawala acquired 400 cars, generating an income of Rs 3 crore per month. He plans to buy 100 more cars in the future. His business endeavours also earned him the title of successful entrepreneur award. He credits his success to the contributions of his drivers. From earning Rs 1500 in a month, Ashfaque Chunawala became a millionaire in a few years. His remarkable story serves as an inspiration for many.
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