India needs 10 million jobs a year and global data shows that it is startups, not large enterprises that create net new jobs in any country. Startups are also the centers of innovation and are a great way to enhance employment creation in the economy.
However, more important aspect is the technological enhancement they bring to the country. Startups involve dealing with new technology which generally lies at the highest end of value addition chain.
With more and more startups India can aspire to be world leader in skilled work and not just an outsourcing destination for cheap IT services.
Bringing new competitive dynamics in the economic system – Startup companies are the most dynamic economic organizations on the market, since they provide additional dynamics and competitiveness to any economic system.
This means that the economy stays healthy, vital and diligent, while individual companies find it harder to fall asleep on their laurels. Startup entrepreneurship is crucial because it brings innovations, new jobs and competitive dynamics into the business environment.
But most of the times these startups needs mentoring, guidance and funding to come to a stage where they flourish forever. Startups are small teams working on common idea and needs expert guidance and support in order to sustain.
Today we are introducing one such entrepreneur whose program called WINGS, under Kingsman Venture, provides a platform to people who aspire to start their own business but lack support of expert guidance and mentoring viz a viz initial level funding to make their business idea a reality. Under this platform Wings would give them funding as well as mentoring to make their business up and running. They are also catering to the existing businesses and help them reach the next level. Lets Meet Shaili Kansara CEO of Kingsman Solution Pvt Ltd and co-founder of the program Wings and see how is she helping other entrepreneurs, ventures & startups to add wings to their dreams.
1.What is the Name of Your Venture? Any specific reason for this name?
The name of our venture is “Wings”. It is a start-up development program. Under this platform, we are inviting applications from across India. The application can be for an existing business or an Idea. Our panel of experts will choose the best applications and we are going to fund in 5-20 businesses a total of 2 crores as seed fund.
Not only that Kingsman Solution Pvt Ltd also has various services like business registration, organizational model, financial advisory, legal advisory, strategic business consultancy, sales and marketing support, HR & Payroll services which start-ups registered under WINGS as well as outside it can subscribe to and can take their business to the next level.. Our team of experts will support companies on various elements of business and will also provide a networking platform with other entrepreneurs to cross sell services. We understand how dynamic is life of an entrepreneur and hence we have also included financial planning as one of the parameters under Wings. Under this we would ask entrepreneurs to invest minimum of Rs. 3000 monthly, which will give them returns of 9%. The idea is to inculcate the habit of savings in entrepreneurs so that they can manage their personal expenses in the times when business is challenging from finance point of view..
We want people to give Wings to their dream of running their own business or taking their own business to the next level. And hence the name of our venture is Wings.
2.Who is your target Audience/clients?
People with business idea or existing business looking for the given amount of funding, are our target audience. With Wings we would give them platform to make their business idea a reality and if they have existing business then we would give them a platform to take it to the next level.
3.Where is your venture based (city, state, country) & What are your geographical target areas?
We are based out of Bangolore, Karnataka, India, but we are inviting applications from start-ups and existing business from across India
4.What problems does your venture resolve? What are your products or services?
We are giving a platform to people who aspire to start their own business but lack support of expert guidance and mentoring viz a viz initial level funding to make their business idea a reality. Under this platform we would give them funding as well as mentoring to make their business up and running. We are also catering to the existing businesses and help them reach the next level.
5.Share the idea or story behind the venture. How did it came to an existence? What motivated you to start your own venture?
Kingman group whose venture is Wings has been in existence for the last three years. We have been providing services to the start-ups. We provide services from Idea to the SME IPO to the start-ups which are required for them to be success
While working with start-ups we noticed that majority of the start-ups fail not because they did not have funding or a great idea. They fail because they do not have end-to end set up to make it an up and running business that has a concrete and workable revenue model. Understanding this gap we created the platform WINGS which will under one roof provide end-to-end support to start-ups that are selected by our team of panels. For those who are not selected we would still provide them a platform to network and cross-sell with other entrepreneurs under the program. Such start-ups can always hire our professional services and assure their success.
6.Who are your biggest competitors and how do you differentiate yourself from them?
We have combined three mutually exclusive things under one platform. They are funding, mentoring and financial planning. Hence we don’t see anyone as our direct competition.
7.How did you identify your co-founder? Tell us some thing about your co-founder/s
Right kind of vision towards life and towards business is what is common among founders of Wings and Kingsman Group.
8.How did you hired your first team members? What skills Do you want in your employees/team?
Kingsman Solution Pvt Ltd is in place for last three years now and we as a team came up with the project Wings. Hence the team behind Kingsman Group is also the team behind Wings.
However, we have hired one dedicated head for Wings who looks after the entire project. We have seen passion and leadership qualities in him while hiring him.
9.What expansion plans are you looking for the next 2 years, next 5 years?
In 2-5 years we want Wings to be a national platform for start-ups and business. Where ideas, businesses and investors all are at the same place and the entire ecosystem gives birth to more and more entrepreneurs and turns more successful stories for entrepreneurs
10.Where do you want to see yourself in next 10 years?
We want to ourselves as one of the influencers of breeding entrepreneurs.
11.What are your goals over the next 1, 3, 6 and 12 months?
For this year our goal is to have 700 businesses or ideas registered under Wings.
12.Have you raised any funding? Or have any plans for the funding?
We would be funding start-ups under our platform.
13.What were the problems you faced during the starting days and how did you resolve them?
We are a growing company and apart from the teething troubles, we have not faced any major problems. We have been on a right track and are here to help start-ups to be on the right track as well.
14.What was the most challenging part of your journey till now? How did you overcome those challenges?
The most challenging part was to convince people that Kingsman Solution Pvt Ltd provides under one platform what all is required for a business to grow from an Idea stage to the SME IPO stage and . But gradually by proving with our services and results we have overcome those challenges. As they say there is no alternative to the hard work.
16.What are your hobbies? What do you do in your non-work time?
– That’s a tough question as I hardly get free time. However, would love to spend free time to dig in and get clarity on spiritual facts and needs.
17.Whats your favorite food & holiday destination?
– Well, it depends on with whom I am. I love to have Pizza or Sandwitch when I am with my best friend, and love to travel to places which are close to nature.
18.Whom do you consider your idol or biggest motivator?
– Chanakya and Narendra Modi are the motivators of my life.
19.What do you feel is the major difference between entrepreneurs and those who work for someone else?
– Enterpreneur is the one who sees problem, thinks how to solve it and put his efforts to solve that problem till it gets resolved. Others I would consider in other category.
20.If you had the chance to start your career over again, what would you do differently?
– I started my career with a job, which I would like to change and directly jump into my business to save time and money.
21.How has being an entrepreneur affected your family & Social life?
– It impacts a lot when you start a new venture. Success can not be achieved without a strong support from Family. I am lucky to have such a supportive family and team.
But when it comes to society, one thing is very clear, to be successful entrepreneur you need to give lot of time and effort, you can’t expect to have social life, family balanced all the time. Just try to get connected whenever is required with society.
22.Anything, you would like to say to our readers or upcoming entrepreneurs?
– Would like to wish them luck. Since you have decided to choose this path, be ready to face any challenges, during the path of your goal, this journey is going to give lot of learning to you. Just learn, enjoy and give your best.
23.Tell us something about your education & family background.
– I am a Chartered Accountant , come from a family of professionals. My father is a practicing Chartered Accountant since 1987, My sister is in California, she is a physiotherapist. My mother had been with SBI for almost 20 years.
24.What is your USP which makes it unique & different from other start-ups in similar domains.
Our aim is to create Entrepreneurs, support them through the journey of from struggle to success. We understand the different levels where they need supports. Fund or Mentoring are not the only solutions for them. They need personal touch with solutions which can add value to their growth. May be this is what, makes us unique.
- What do you think is the biggest threat to the success of small businesses & Start-ups today?
– A weak Team & Lack of Market understanding are the biggest threat.
26. Do you consider yourself successful and by what means do you measure success?
– We are growing company. It would not be good to say our selves successful at the moment, as our vision is different, we are in the process to reach there. But yes, in this journey, we have definitely got a success with supportive team, which is difficult to gather.
27.Please share complete name, address, phone number, email id & website of Your Business & Contact Person along with the pictures of your founder, co-founder, team(if-any) as well as your logos.
Kingsman Solution Pvt Ltd
708, Brigade Towers, Brigade Towers,
Nr Shanthala Nagar, Bangalore- 560025
Founder – Vishal Bhatt, 7204011779