The man who faced the great problem of unemployment in the beginning of his career, is now a renowned business personality of Ludhiana. Naveen Bhatia, the 40 years old CEO of Bhatia Naveen & Co. and Direrctor of B & G Power Ltd. has attained this distinguished place in the society with his hard work and diligent efforts. He is a familiar name in Ludhiana Stock Market. An addendum would include: earthy,inspiring and ambitious.He has also diversified his resources in the lucrative business Real Estate. Apart from these businesses now Mr. Bhatia has further planned to expand his activities in the area of Solar Energy with full enthusiasm and organized efforts.
In this interview Mr. Bhatia has shares his success secrets, the challenges of present and plans for the future. Edited excerpts:-
From where did you get the idea of entering into this business and which profitable opportunities attracted you towards this business?
After completing my studies, I started looking for job I wanted to go in the service sector but in spite of my uphill battle for job, I was not able to find the same. Consequently, I started visiting Ludhiana Stock Exchange where my uncle was already engaged. With his guidance I stated my career as a Sub-Broker. Then in 1997, I commenced my own business by establishing Bhatia Naveen & Co. and till 2002 I had put my endless efforts to uplift the same.
What kind of difficulties have you encountered while setting up your own business?
In the beginning, I had to face the financial crunch as my father was a service man and we didn’t have surplus amount to finance my business. But by God’s grace, I managed everything.
Do you face any kind of competition in your business and how do you overcome the same?
When I started my business there was no competition as such. As there were only National Stock Exchange and Ludhiana Stock Exchange. NSE was established in 1994 and it was growing at a very fast space. I was the second person in Ludhianawho started working in NSE. That was the most rewarding period and it provided conducive environment for the business to develop.
In the beginning amicable environment helped your business to grow by leaps & bounds but how the present era of recession-hit-economy has affected your business?
Recession has certainly hit the business adversely and the crash of the market has resulted in the decrease profits. Moreover policies are not much favourable. It led us to diversify in the field of real-estate and the major part of our investment is now in real-estate.
Now please let us be familiar with your future plans:-
Now we are planning to enter into the field of Solar Energy. To achieve this target I will be visiting an exhibition which is going to be held in U.S.A to have thorough and comprehensive knowledge of this field and if everything goes well, we will go for the 5 MW solar energy plant.
Have you ever planned for using the service of internet to advertise your business?
I have use the internet service to gather information about real estate business and have used it even more intensively to learn about the forthcoming project of solar plant. We also have our business website but do not promote it much and have not planned to utilize the services of e-commerce.
What steps do you take to fulfill your social responsibility?
We have established charitable societies and an Ashram which work with the main motive of benefiting the children and we are also associating with Go-Sewa. We set aside a part of our income to fulfill our social responsibility.
What message would you like to convey to the future generation for being a successful entrepreneur?
As this business of stock exchange is shifting into the hands of Big Business Houses I would suggest that before entering into this business one should make an comprehensive study to acquire complete knowledge about the concerned field and must get ready for hard work and success will be at your feet.
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