KredX Blog KredX Blog
  • HOME
  • PRODUCTS
    logo

    FOR BUSINESS logo

    logo

    FOR INVESTORS logo

    Invoice Discounting

    Unlock money tied up in unpaid invoices

    KNOW MORE

    KredX Pay Later

    A closed loop financing for your dealers/distributors/Retailers

    KNOW MORE

    KredX Cash Management Solutions (CMS)

    Get real-time analytics. Manage disputes. Minimise risks. Get risk-free returns

    KNOW MORE

    KredX Global Trade

    Get Quick Finance To Fund Your Import-Export Requirements

    KNOW MORE

    Invoice Discounting

    Diversify your portfolio with alternative short-term investments

    KNOW MORE
  • PARTNER WITH US

    Business Partner Program

    Accelerate your client’s business growth and get attractive payouts on time

    KNOW MORE

    Financial Advisor Program

    Grow your credibility and clients’ investment portfolio

    KNOW MORE
  • KNOWLEDGE CENTER

    FAQs

    Blog

    Knowledge Base

    Webinars

    Reports

    WhitePapers

    Podcasts

  • COMPANY
  • LOGIN / SIGNUP
  1. Home
  2. Business
  3. The ‘Gandhi’ Of The Indian Carpet Industry: Nand Kishore Chaudhary
 The ‘Gandhi’ Of The Indian Carpet Industry: Nand Kishore Chaudhary
Business

The ‘Gandhi’ Of The Indian Carpet Industry: Nand Kishore Chaudhary

by KredX Editorial Team September 11, 2018 0 Comment

#KredXMondayMotivation

Long before social entrepreneurship exploded onto the scene, a young man from Rajasthan had already begun working on giving artisans from the carpet industry a voice of their own. Nand Kishore Chaudhary, born in 1953, instead of settling for a cushy life decided to venture out on his own into the world of knotted carpets and rural India.

N.K. Chaudhary was always fascinated by carpet making and had seen the plight of the artisans involved in it. He noticed that the artisans were being exploited by middle-men who bought hand knotted carpets from these artisans and sold it in the markets. In essence, middle-men ran the carpet industry and the poor weavers were only getting poorer. This catapulted Chaudhary to working out a social business model where these artisans would be put in touch with global buyers directly. Thus came into existence, Jaipur Rugs, in 1978. Through this, Chaudhary created a global supply chain that encouraged weavers at the grassroots level and provided impoverished men and women from rural parts of India.

What started out as a journey with 9 artisans, 2 looms and Rs.5000 that Chaudhary borrowed from his father, in 1978 has grown into a social enterprise with over 40,000 artisans spread across 10 states in India today. In 1989, the Jaipur Rugs began employing tribals from Gujarat that marked a monumental move in the social enterprises sector, their strongest artisan network to date. Soon, the company also added tribals from Rajasthan to its growing chain of weavers, providing livelihood to people from the most depressed parts of the country. Their work went on to win many national and international awards and accolades. Most recently, their work from the ‘Project Error’ collection became the only rug from Asia to win a special mention in German Design Award, 2016.

Chaudhary also went on to establish the Jaipur Rugs Foundation that works towards making better entrepreneurs out of these artisans by giving them the necessary skills training and social interventions. He was recently a speaker at TEDx in IIM, Ranchi where he spoke about his experience being a social entrepreneur and empowering rural India.

N.K. Chaudhary’s journey to build and empower the carpet weaving industry is an inspiring story for anybody hesitant to enter the world of social entrepreneurship. From being nondescript, impoverished artisans to business owners, Chaudhary has not only given rural India a voice but also set the wheels of social change in motion. There is immense potential and dormant wealth in the traditional industries of India that are just waiting to be tapped into.

Next read about P C Mustafa, the Man behind 300 Crore iD, Idly-Dosa batter brand a local name here.

Share This:
Previous post
Next post

KredX Editorial Team (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Enquire now

  • Invalid value

  • Invalid value

  • Invalid value

The Best Of Alternative Investments, Now On Your Phone

Download App:

KredX Blog KredX Blog

Wing ‘A’, Ground Floor, Office-1 Block-‘A’, Salarpuria Softzone, Bellandur Village, Varthur Hobli, Bangalore South Taluk, Outer Ring Road, Bangalore – 560103

+1 212-602-9641

info@example.com

Get More Location

Follow us:

Download app:

Company

Home
About Us
Careers
Contact Us
Our Offices

Resources

Blog
Reports
Whitepapers
Knowledge Base
Podcasts
Webinars

Support

FAQs
Talk To Our Advisor
Chat With Us
Sign Up
Login

Legal

Nodal Officer Name: Amrutha A / Ph: 08061799200, IVR-9 / Email: Amrutha@Kredx.Com
Terms And Conditions
Privacy Policy

Investor Products

Invoice Discounting
Bonds
Digital Gold/Silver
KredX Assured

Business Products

Invoice Discounting
Buy Now Pay Later
KredX Cash Management Solutions
KredX Global Trade

Quick Links

Business Partner Program
Financial Advisor Program
Business Suite
©2022 Minions Ventures Pvt Ltd