There is nobody in this world who wants to lead a frugal life. Though we all dream of being successful very few of us actually get to relish the taste of success. Many of them give up dreams midway due to lack of perseverance or loss at some point or some distractions. But none of these negative factors defeated Lokendra Singh Ranawat as he pushed himself to do better and hence he found great success with his brand Ferns n Petals.
In 2015, Lokendra Singh Ranawat, Co-Founder & CEO of Wooden Street, made an investment of INR 5 lakhs along with his friends Mr. Dinesh Pratap Singh, Mr. Virendra Ranawat, and Mr. VikasBaheti in the furniture business, is today a Rs 60 crore empire, this is one of the most inspirational stories that needs to be told to youth.
Let’s take a look at how Lokendra Ranawat touched the pinnacle of success from the furniture business.
This is the story of Lokendra Ranawat from Udaipur, Rajasthan who started his business with just Rs 500,000, and today is an empire of Rs 60 crores. Lokendra was born in Udaipur, Rajasthan. Her father was a naval officer and mother was a homemaker.
He completed his graduation in Electronics and Communication engineering from Jaipur and MBA in Sales and Marketing from ITM Ghaziabad. He was an average student but he had a passion to do something in his life and his dedication pushed him to become an entrepreneur.
After his graduation, he decided to start his own business. He wanted to do something different from others. He along with Dinesh Pratap Singh, Virendra Ranawat, and VikasBaheti decided to start an online custom-made furniture store which was later named Wooden Street.
“The biggest challenge was setting up a supply chain for heavy furniture pieces, so that they can be delivered to various points across the nation, without any damage, and this required a lot of effort. But we worked hard and overcame all hurdles; the rest was a smooth sail,” says co-founder Mr. Lokendra Ranawat.
Wooden Street provides an easy way for customers with 2,500 designs to not only buy furniture, but also customize it to their liking. Apart from online, Wooden Street has four stores in Bangalore, Mumbai, Pune, and Jaipur.
It aims to open ten more stores across the country in the next 12 months. Ranawat started the business with only 10 employees, later the number of employees increased to 125, that too within 18 months only.
If someone has the ability to take risks and has the passion to fulfill his dreams, he will surely touch the pinnacle of success. Today, Lokendra has made his parents and the country proud by achieving what he dreamt of.
