This Inspirational story of Ramesh Babu, Billionaire Barber, and Indian entrepreneur will inspire you.
Many of you already heard of the success story of “Billionaire Barber” G. Ramesh Babu, who started his business in 1994 and Now a Billionaire.
He got more than 75 luxury cars on the fleet – own more than 400 cars, including a Maybach S600, BMW, Audi, and Rolls Royce.
We are sharing with you the Inspirational story of a “Billionaire Barber” who owns more than 400 cars, including a Rolls Royce, Maybach S600.
Ramesh Babu: Life was not always perfect this man
Ramesh Babu, “Billionaire Barber” was born up in a poor family in Bengaluru. His father was a barber in Bengaluru.
He was in the second standard and doing his midterm exams, someone called him that his father has passed away he might a massive heart attack.
His father left behind was a saloon business or rundown small Barber Shop on Bridged road, Bengaluru.
His father, P. Gopal, passed away when he was just seven years old. It was a tuff day for his mother who had to work as a servant and to help feed her children and give them a decent living.
She earned perhaps ₹40-50 per month that used for everything, including our clothes, books, fees, and everything.
Early Life & Struggle
He grew up on one meal a day. He has one brother and one sister. His mother could not run the barbershop; she rented it out for ₹5 a day.
Ramesh Babu took up different odd jobs to make a little extra money. He started part-time newspaper delivery work, milk bottles supplying and whatever else was convenient to support his family at the age of 13.
He continued his studies while supporting his family. Somehow, he finished his tenth standard study. He has one son and two daughters.
Turning Point of Ramesh Babu
Ramesh could not decide if he should study further or start working. His father’s Barber Shop was still being rented out, In 1989, Ramesh Babu decided to run his fathers’ Barber Shop himself to support his family.
From his uncle, he took over the saloon, named “Inner Space” and began working at the salon with no resources except the determination to succeed.
Encouraged by his mother, Ramesh Babu Join a diploma course in electronics and obtained a diploma in electronics.
Starting a successful Business: How did it all start?
He was getting up early in the morning and he opened saloon early morning at 6 o’clock. Then, at 10 o’clock, Ramesh was going to college and again come back in the evenings open until midnight 12 to 1 o’clock.
He extended his working hours for almost 16 hours a day. He is a simple barber and operates the saloon of cutting and styling hair.
His clients range from military officers, big politicians, police officers to Bollywood actors, like Aamir Khan, Aishwarya Rai Bachchan, Akshay Kumar, Salman Khan, and Anil Kapoor. He always believed that work is worship.
First Personal Car: Breakthrough Idea
He wanted to do something, so he planned to buy a car. He also always dreamt of owning a car and passionate about fancy cars. In 1993, He bought a Maruti Van (Omni) car from his little savings and own hard-earned money with the help of his uncle, calls him a Baba.
To get a loan, his grandfather had to mortgage his family house to enable the car loan. He got a car loan from the Karnataka State Finance Corporation, which was the only bank, which is to give loans those days after buying the car and he thought to keep it for his first self-use.
The EMI was about ₹ 6,800 and he knew that as a barber, he could earn a monthly ten thousand or twenty thousand. It was not sufficient to pay the EMI.
Start an entrepreneurial journey of hard work
Nandini Akka, a woman whose house his mother used to work and working in Intel Corporation, asked him why you do not rent out his Maruti van instead of it just lying around.
She advised him to lease the Omni to Intel. The first company he rented his car was Intel Corporation because Nandini helped arrange.
She also invited him to her daughter’s wedding and given the chance to show off! She taught him the basics of doing this type of business.
Ramesh Babu started renting out. That is how he came into the car rental business. By 2004, he started adding more cars to the fleet and had six cars all engaged in the same business.
As he slowly but steadily gathered a sizeable customer base, gradually, the car rental drew in customers from the tourism and travel industry. Ramesh Babu focused on getting the saloon off the ground.
Between 1994 and 2004, with the help of Karnataka State Finance Corporation, Ramesh Babu bought seven more cars and his car rental business now known as Ramesh Tours and Travels.
Ramesh Babu received a proposal from Mercedes India to buy a model in the mid-2000s. He saw an opportunity in this proposal.
He put together his all savings and raised the rest of the amount through a Karnataka State Finance Corporation bank loan.
In 2004, Ramesh thought of getting into the luxury car segment and bought Mercedes E-Class luxury sedan for 38 Lakh. Everyone told him that it is a big mistake.
He bought Mercedez Benz for Rs 4.2 million. In 2004, forty lakhs for a car was a very big risk.
It was the earnings from his saloon
Ramesh Babu went to Singapore to learn hair cut & hairstyling and did a course with Toni & Guy. Ramesh took up hairstyling himself. He began hairstyling courses to hone his seemingly natural talent.
Ramesh Babu is the first person to invest in a brand new luxury car like Mercedez Benz and it did very well in Bengaluru.
He believed that, if you want to do business, you must be willing to take business risks.
In 2011, Ramesh Babu bought another luxury car, Rolls Royce. Well-wishers warned him about the scope of failures against buying luxury car like Rolls Royce.
Rolls Royce was very expensive. Ramesh Babu mortgaged his wife’s jewellery and almost bankrupt. People told him to sell all expensive and luxury car, but he kept trying and one and half years later Ramesh finally managed to succeed again.
Today, Ramesh Babu boasts a fleet of 400+ mini-buses, vans, and vintage cars including imported vehicles-Mercedes C, E and S class, Contessa, a highly prized Rolls-Royce Silver Ghost, Audi, Jaguar Land Rover, and BMW 5, 6 and 7 series.
He has a fleet of imported Toyota mini-buses and Mercedes vans. Ramesh Babu also owns a high-end bike, Suzuki Intruder that is worth ₹16 lakh.
Recently he became the third person to buy the Mercedes-Maybach S600 in Bengaluru, which stands in his company garage. He still keeps his Maruti Van (Omni) but he does not rent it out.
Truly Earned title of “Billionaire Barber”
His endeavours have earned many awards and honours but over the weekend’s mornings, you will still find Ramesh Babu giving haircuts at his Barber Shop for ₹150.
He cuts hair for his male customers for just ₹ 65. Ramesh is also teaching the hairstyling skill to his son and daughters. Ramesh Babu take no offs, unless it’s for a family trip.
Ramesh Babu, Indian Entrepreneur and “Billionaire Barber”
Today, Ramesh Tours & Travels runs in Delhi Chennai, Bengaluru successfully and the entrepreneur hopes to conquer Vijaywada and Hyderabad next.
Ramesh Babu is an inspiration for all of us. Entrepreneurs who are wishing to become a successful entrepreneur, his success story may encourage you to discover a unique idea.
Ramesh Babu’s entrepreneurial journey is nothing less than an inspiration. We hope you find the inspirational story of Indian entrepreneur inspiration through your entrepreneurial journey and will keep you motivated.
The success story of Ramesh Babu from Banglore, an ordinary Barber and an entrepreneur with extraordinary wealth will leave you gaping in surprise.
|Are you an
Entrepreneur or Startup?
Do you have a Success Story to Share?
SugerMint would like to share your success story.
We cover entrepreneur Stories, Startup News, Women entrepreneur stories, and Startup stories
Sugermint wishes you all the best and wishes to emulate him on the path of success.
We hope you find the Inspirational story of Ramesh Babu useful and inspiring through your entrepreneurial journey and will keep you motivated.