Achal Bakeri Explained

Achal Bakeri
Birth Place:Mumbai, Maharashtra, India
Alma Mater:CEPT University
University of Southern California
Occupation:Businessman

Achal Bakeri is an Indian entrepreneur and founder, chairman and managing director of Symphony Limited.

Early life and education

Bakeri was born in Mumbai, Maharashtra, to father Anil Bakeri, a real estate businessman, and mother Hansabahen.[1]

Bakeri completed his diploma in architecture from CEPT University, located in Ahmedabad, and a Master of Business Administration in the United States from the University of Southern California, located in Los Angeles, California.

Career

He returned to India and started working with his father's real estate business in Ahmedabad.[2]

Symphony

In February 1988, Bakeri started Symphony Limited in Ahmedabad with a seed capital of INR 100,000. The company was about to go bankrupt in 2002, but after purchasing a majority stake in a Mexico company, Bakeri claims it became the world's largest air-cooler manufacturing company.[3] [4] In February 2017, Symphony launched air cooler with multiple features like touch screen, voice assist, mosquito repellent.[5] [6]

Awards and recognitions

Bakeri is the recipient of awards including:

YearTitle
1992Rotary International Entrepreneur of the year[7]
1995India Young Business Achiever Award
Finalist World Young Business Achiever in London
2014EY Entrepreneur of year Award (finalist)[8]
2015Forbes List of Billionaires 2015[9]

Associations

Bakeri also serves as a director of Symphony Limited, Sanskrut Tradecom Private Limited, Bakeri Engineering & Infrastructure, Harmony Holdings Private Limited, Oras Investments Private Limited, Paratam Investments Private Limited and Bakeri Urban Development.[10]

See also

Notes and References

  1. News: Trivedy, Ketan (undated) . Jewels of India: Anil Bakeri. 16 June 2015. Chitralekha.
  2. News: Vyas, Jwalit . 26 April 2014 . India's Biggest Value Creators: Achal Bakeri's Net Worth Jumps from Rs 2 Cr to Rs 2k Cr in Just a Decade. 3 March 2015. The Economic Times.
  3. News: Bakeri, Achal . 9 August 2012 . Symphony's Achal Bakeri on How to Make Your Company Great. 16 June 2015. Forbes India.
  4. News: Shanbaug, Amit . 28 May 2012 . Selling Coolers: How Achal Bakeri Made 'Symphony' into a Rs 300 Crore Business. 16 June 2015. .
  5. News: Symphony's Touch cooler doubles up as air purifier and mosquito-repellent. Pandit. Virendra. 15 February 2017. The Hindu Business Line. 5 October 2017. en.
  6. Web site: Symphony launches air cooler with multiple features – ET Retail. www.ETRetail.com. ETRetail.com. en. 5 October 2017.
  7. News: Staff (undated) . Achal Bakeri . 16 June 2015 . . dead . https://web.archive.org/web/20150402143336/http://www.brandownerssummit.com/speaker-details.html?sid=1 . 2 April 2015 .
  8. News: Staff (undated) . EOY 2014 Finalists – Innovative Game Changers . 16 June 2015. EY.
  9. News: Staff (undated) . Achal Bakeri. 16 June 2015. Forbes.
  10. News: Database (undated) . Achal Anil Bakeri MBA. 16 June 2015. BloombergBusiness.