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Azad Engineering: From Startup to Unicorn

Azad Engineering, founded by Rakesh Chopdar in 2008, transformed from a small startup with a turnover of ₹2 crores to a unicorn valued at over $1 billion by 2023. The company faced initial challenges such as securing investments and building customer trust but achieved rapid growth by partnering with global OEMs and focusing on innovation. Key to its success were strategic leadership, quality manufacturing, and a strong global presence.

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18 views2 pages

Azad Engineering: From Startup to Unicorn

Azad Engineering, founded by Rakesh Chopdar in 2008, transformed from a small startup with a turnover of ₹2 crores to a unicorn valued at over $1 billion by 2023. The company faced initial challenges such as securing investments and building customer trust but achieved rapid growth by partnering with global OEMs and focusing on innovation. Key to its success were strategic leadership, quality manufacturing, and a strong global presence.

Uploaded by

YES LAB TECHNOLOGIES PVT LTD
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

HYDEREBAD STORIES

Azad Engineering
Zero to Hero: A Success Story from Hyderabad

(Azad Engineering – A Hyderabad-Based Company That Became a Unicorn)

Part 1: The Beginning – A Small Dream, A Big Journey

In 2008, Rakesh Chopdar, a young entrepreneur, decided to start his own engineering
company. After gaining experience at his father's factory, he founded Azad Engineering. The
company, which initially started with a turnover of just ₹2 crores, has now become a globally
recognized unicorn.

Part 2: Initial Challenges

1. Investment Issues – Raising funds for a startup was a major challenge.

2. Tough Market Competition – Competing with global OEMs was not easy.

3. Gaining Customer Trust – Convincing international clients to trust a new company


was difficult.

4. Building a Skilled Workforce – Hiring top-tier technical experts was a challenge.

Part 3: First Breakthrough – Rapid Growth in 2014

Azad Engineering started manufacturing critical rotating components for power, military,
civil aircraft, and oil & gas sectors.

 Partnered with top global OEMs such as Rolls-Royce, Boeing, Safran, GE, Mitsubishi,
Siemens.

 In 2014, it inaugurated a 20,000-square-meter factory in Jeedimetla, Hyderabad.

✅ By 2014:

 Turnover: ₹100 crores

 Profits: ₹20 crores

 500+ employees
Part 4: 2023 – Becoming a Unicorn

In 2023, cricket legend Sachin Tendulkar invested in Azad Engineering. In December 2023,
the company went public, crossing a $1 billion market capitalization.

🚀 By 2023:

 Turnover: ₹350 crores

 Profits: ₹70 crores

 1,200+ employees

 Global client base

Part 5: Secrets to Success

1. Innovation & Technology – Leveraging cutting-edge technology to manufacture


world-class products.

2. Global Expansion – Partnering with international OEMs and establishing a strong


global presence.

3. Quality & Trust – Maintaining zero-defect manufacturing and gaining customer


confidence.

4. Visionary Leadership – The strategic vision and leadership of Rakesh Chopdar played
a crucial role.

Part 6: A Lesson to Learn

This story teaches us an important lesson – "With dedication and innovation, even a small
startup can become a unicorn."

📌 Company Headquarters: Azad Engineering Pvt. Ltd., Hyderabad, Telangana, India

📌 Official Website: 🌐 [Link]

Sources:

 Zero-to-hero journey: Hyderabad unicorn & its founder

 Azad Engineering Official Website

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