From Rs 3,500 salary to Rs 1.5 crore per month: How this Ghaziabad man built an e-bike company with his wife's savings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Ghaziabad entrepreneur Krishna Grover built Herald E-Bike, a company now earning Rs 1.5 crore monthly.
- ✓Grover started his career in 2005 with a Rs 3,500 salary.
- ✓He later left his corporate job and used his wife’s savings to start the venture, which now operates 34 models and 550 active showrooms.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Synopsis
Ghaziabad's Krishna Grover, who started his career with a monthly salary of Rs 3,500, left his corporate job to build Herald E-Bike with support from his wife's savings. The Ghaziabad-based electric two-wheeler company now has 34 models, over 550 active showrooms and a reported monthly revenue run rate of Rs 1.5 crore.
Krishna Grover once earned Rs 3,500 a month working in the corporate sector. Today, he has build an electric two-wheeler business with a monthly revenue run rate of Rs 1.5 crore. The turning point came when he decided to leave his corporate job and start a venture with financial support from his wife, Ritika, a NBT report stated. Based in Ghaziabad, Grover is the entrepreneur behind Herald E-Bike, a brand targeting electric vehicle buyers in India's smaller cities. The company has expanded its product range to 34 models and built a distribution network of more than 550 active showrooms.
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The Economic Times
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