If you have faith in yourself, you can do whatever you’ve set out to do. Success is only constrained by the barriers you erect in your own mind.
The reason Prafull Billore, the owner of MBA Chai Wala, is successful is that he persisted in working towards his goals.
In order to reach where he is now, he overcomes his fair share of obstacles. Young people now find inspiration in his achievements.
MBA Chai Wala Net Worth
The younger audience is familiar with MBA Chaiwala’s CEO. Although only 26 years old, he has talked more than 200 times.
He spoke about a range of subjects, including his business plans, entrepreneurial activities, women’s empowerment programs, and working practices.
Prafull Billore enrolled in the MBA program but had other goals in mind. He couldn’t wait to start his company. In their thoughts, Prafull and his brother had created MBA Chaiwala, which only needed the start-up capital to enter the market.
Although not all business endeavors are successful, MBA Chaiwala quickly had tremendous success in this case.
The firm is grateful to everyone who helped it out while it was having trouble. MBA Chai wala’s net worth was 3.4 crore as of December 2022. His net worth is projected to double by the end of 2023.
|Net Worth of MBA Chai Wala by Year||MBA Chai Wala Net Worth in Rupees||MBA Chai Wala Net Worth in Dollars|
|MBA Chai Wala Net Worth in 2018||Rs. 8,29,98,500||$ 1 Million|
|MBA Chai Wala Net Worth in 2019||Rs. 12,44,97,750||$ 1.5 Million|
|MBA Chai Wala Net Worth in 2020||Rs. 16,59,88,000||$ 2 Million|
|MBA Chai Wala Net Worth in 2021||Rs. 21,57,84,400||$ 2.6 Million|
|MBA Chai Wala Net Worth in 2022||Rs. 24,89,82,000||$ 3 Million|
Who is MBA Chai Wala?
Prafull Bilmore, also known as MBA Chai Wala, is the proud proprietor of the MBA Chai Wala franchise, which he helped to create and grow into a three-crore company.
Born in Madhya Pradesh, Prafull comes from a middle-class family and graduated with a B.Com.
The Indian firm MBA Chai Wala is expanding quickly and is well-known for its wonderful chai. Prafull Billore has inspired millions of aspirant Indian students and business entrepreneurs through YouTube and other online media channels.
While he writes primarily in Hindi, he is a strong English speaker. Now that he has his MBA from Chai Wala Institute up and running, Prafull has created a course on developing an entrepreneurial attitude.
Prafull wanted to earn his master’s degree from IIM Ahmedabad before starting his company. To get accepted into a top MBA program, you must take the CAT exam.
The CAT is regarded as one of the most difficult exams available. Prafull studied for more than ten hours every day to achieve his objectives.
Unfortunately had three failed attempts at the CAT test. Prafull became sad as a result, which made it impossible for him to concentrate on anything.
Also read – Pushkar Raj Thakur Net Worth
Motivation Speaker – MBA Chai Wala
It is noteworthy because Prafull encouraged him to go to a prominent university when he first started selling tea because of the popularity of MBA Chai Wala. Yet his success in life has been aided by selling tea. His objective has been fulfilled.
Prafull has been welcomed as a special visitor by the prominent institute where he had originally expected to enroll in light of his success.
Prafull is welcomed to the college program and the college, where he studies there, and motivates young people.
Prafull Billore Personal Bio
|Full Name||Mr. Prafull Billore|
|NickName||MBA Chai Wala|
|Birth of date||14 January 1996|
|Birth Place||Dhar, Indore, MP|
|Current Residence||Ahmedabad, Gujarat, India|
Prafull Billore Family
|Father’s Name||Sohan Billore|
|Mother Name||Mrs. Billore|
|Wife Name||Shreya Billore|
|Son Name||Miransh Billore|
Prafull Billore Physical Status
|Height||5 feet 10 inches|
Prafull Billore Education Qualification
|School Education||Indore (School Name Not Known)|
|College Education||IIM Ahmedabad (College Name Not Known)|
|Education Qualification||B.Com And MBA Dropout|
Prafull Billore Affairs
Prafull Billore Net Worth
|Per Day Income||Approx 1.38 lakh|
|Monthly Income||Approx 42 lakh|
|Turnover||Approx 5 Cr. Per Years|
|Net Worth||30M (as of 2022)|
Prafull Billore Social Media Accounts
Prafull Billore’s Early Life
- Prafull was born into an Indian family in Indore, Madhya Pradesh.
- After failing the CAT exam, he visited many places including Bengaluru, Mumbai, etc.
- Popular Americans inspired Prafull to work at McDonald’s.
Prafull Billore’s Educational Qualifications
- Prafull began preparing for an MBA in 2014. (Master of Business Administration).
- In 2016, he graduated from Devi Ahilya Vishwavidyalaya (DAVV), Indore, with a Bachelor of Commerce degree.
- Prafull began CAT (Common Admission Exam) and GMAT preparation in 2016. (Graduate Management Admission Test).
- He was unable to pass the CAT exam even after two attempts.
|School||Local School in Badshahnagar, Lucknow|
Prafull Billore’s Career
- After graduating, Prafull began working as a salesperson for Amway.
- Afterward, he performed housekeeping duties at McDonald’s.
- While working for McDonald’s, he opened his own tea establishment, MBA Chai Wala.
Prafull Billore’s Achievements
- Prafull’s creative marketing strategies for tea helped him become well-known.
- Large media organizations like the Times of India, NDTV, Zee News, Scoopwoop, Brut, Aaj Tak, BBC, and CNN appreciate and respect his brand.
- Prafull has been invited to talk at multiple events by various universities, including Josh Talks, TEDxMDI Gurgaon, TEDxKIET (with Nitin Gadkari), IITs, IIMs, LPU, and others.
- Also, he published a book title “All You Need is Josh.
MBA Chai Wala All Branches
Prafull Billore has built branches in a number of other places in addition to Ahmedabad. The following are a few of their branches:
How did he succeed?
Prafull built his tea business using a range of marketing techniques. Indians enjoy their tea, and when it is sold in a novel manner by someone who speaks quietly in English, the tea café gains even more fans.
The bread, clay teapots, and tissue that are provided with the tea are the cherry on top. Prafull put up his tea shop at political gatherings, weddings, and other events in order to strengthen its brand and draw in additional clients.
Social media marketing is another modern marketing technique that was crucial in making his tea firm well-known. To interact with clients online, Prafull has a continuous social media presence.
Also, he arranges open mic nights and book drives at his shop to engage and draw clients. His tea business’s widespread notoriety is largely a result of these tactics. Learn more about the business model of MBA Chai Wala by reading on.
The tea business gained attention from people from all walks of life as it gained popularity. They claimed that Praful’s chai shop was hurting proprietors of competing small companies and hawkers, which made it harder for his enterprise to grow.
After getting threats from neighborhood gangs and the local police to shut down the chai company, he was forced to put his tea concept on hold for a time. Continue reading to learn more about the MBA Chai Wala franchise fee.
MBA Chai Wala Franchise
There are 11 franchisees of MBA Chai Wala, owned by Prafull Billore, located in various cities. For company owners, an MBA Chai Wala franchise may yield a sizable return on investment.
The MBA Chai Wala franchise has a minimal startup cost and a high-profit margin. An MBA Chai Wala franchise may achieve remarkable success in the quickly expanding chai and cafe sector with the correct marketing and management skills.
There are three café types available when obtaining a franchise for the MBA Chai Wala.
- The largest cafe format under the franchising concept is the lounge type. If you want to start a franchise using the lounge model, you need a place that is at least 500 square feet and as large as 800 square feet.
- Dine-In model: This is the franchising strategy’s medium-sized café format. If you want to start a franchise using the dine-in model, you need a place that is at least 300 square feet and as large as 500 square feet.
- The kiosk type is the smallest cafe design available in the franchising system. A little space of about 150 square feet is sufficient to implement the kiosk concept for the franchise.
Even though all three models are profitable for would-be business owners, the kiosk model is a very effective business plan for people who are unable to create a large-scale store.
This is the greatest choice for ambitious business owners who want to launch their company with the least amount of money. It gives newcomers an opportunity to benefit.
MBA Chai Wala Franchise Cost in India
|Investment||Rs. 10-12 lakhs|
|Franchise Fee||Rs. 5 lakhs|
|Agreement Tenure||3 Years|
Cost of franchise
Now that you are aware of the many franchise opportunities available to you for MBA Chai Wala, it is time to learn how much a franchise will cost you.
This will make it easier to determine whether the whole cost is in line with the profits anticipated from this company strategy.
The expense of building the cafe and paying the space’s rent make up the majority of the franchise fee. Also, the franchise agreement has a three-year term after which it must be renewed.
The cost of the shop and the cost of the equipment, which range from 2 to 5 lakh and 1 to 2 lakh respectively, are two of the franchise’s primary expenses.
One will need to make an investment of between 10 and 15 lakh rupees in addition to the cost of the franchise agreement. The MBA Chai Wala franchise fee can be paid in three installments:
- Initial Payment: The booking fee, which is 1.8 lakhs, must be paid.
- Second Installment: Upon the completion of the agreement and store, the second installment is due. This payment totals about 10 lahks. Within ten days after the initial payment, this must be paid.
- Third Installment: The third and final installment is the remaining balance from the second installment. Within 30 days of reserving the franchise, this must be paid.
Below is an estimated year profit based on the sale for acquiring a franchise.
1. Break-even Sale
- Per day sale: Rs. 10,000
- Per month sale: Rs. 3,00,000
- Fixed cost: Rs. 1,15,000
- Variable cost: Rs. 1,08,000
- Profit per month: Rs. 77,000
- Profit per year: Rs. 9,24,000
2. Average Sale
- Per day sale: Rs. 15,000
- Per month sale: Rs. 4,50,000
- Fixed cost: Rs. 1,15,000
- Variable cost: Rs. 1,62,000
- Profit per month: Rs. 1,73,000
- Profit per year: Rs. 20,76,000
3. Maximum Sale
- Per day sale: Rs. 20,000
- Per month sale: Rs. 6,00,000
- Fixed cost: Rs. 1,15,000
- Variable cost: Rs. 2,16,000
- Profit per month: Rs. 2,69,000
- Profit per year: Rs. 32,28,000
MBA Chai Wala has demonstrated that ideas, when supported by commitment and effort, can never fail.
Billore established a tea kiosk and improved marketing techniques to gradually attract more clients. Together with his personnel, franchisees, and general success in the Indian industry, MBA Chai Wala has seen a huge increase in net worth.
How Did the Idea of a Chai Stall Develop?
Prafull longed for a break from his present pursuits. He packed his things and set out on his cross-country trip.
Prafull visited numerous places before deciding to settle in Ahmedabad, where he immediately began hunting for employment.
He started out as a McDonald’s employee earning INR 200 per hour, or around Rs. 6000 per month.
Prafull started as a cleaning service agent at McDonald’s before moving up the corporate ladder to become a cashier.
Despite his successes, he hated being a subordinate and wanted to make a name for himself. He often questioned why he should sell hamburgers to someone else when he could sell them himself. The 3-crore MBA Chaiwala franchise was created as a consequence.
It was really discouraging for Prafull when he opened a temporary tea stall and had no customers on the first day.
He made a fresh strategy nevertheless and decided to keep trying. On the second day, he made friendly advances and started speaking to his customers in English.
People were soon drawn to the English-speaking Chaiwala and approached him to try some of his tea.
On that eventful day, Praful was paid 150 rupees for an order of 5 tea cups, and the tea was presented with a toast.
As the chai company gathered pace over time, he invested more time, energy, and focus into it, and as a consequence, the benefits began to show.
Annual Turnover of MBA Chaiwala
With a pitiful investment of only Rs 8000, MBA Chaiwala began operations in 2017. With more furnishings and a menu, the same firm is now worth more than one crore.
As soon as Prafull Billore became an internet celebrity in 2020, his business saw incredible growth as individuals started leasing its franchises all throughout the country.
As of the fiscal year 2022, MBA Chaiwala expects an operating income of between Rs 1 crore and Rs 100 crore.
Earnings Before Interest, Tax, Depreciation, and Amortization, or EBITDA, grew by 3332.78% for MBA Chaiwala in comparison to the prior year. Its net worth increased by 487.04% over the previous year.
The Income of MBA Chaiwala
Now, MBA Chaiwala has a sizable network of franchisees and sites all over India. This is his principal source of income.
Prafull’s daily salary right now is over Rs 1.5 lakh. Prafull Billore is worth $30 million all by himself. In addition, he maintains a paid YouTube account.
MBA Chaiwala’s financial situation is sound and steady as of 2023.
With a daily revenue of 1.5 million rupees, the MBA Chaiwala now earns between 45 and 46 lakhs a month.
His modeling and business ventures are the only sources of this income. Moreover, MBA Chaiwala’s YouTube channel had 1.63 million subscribers as of 2023.
Prafull Billore has 32.3k LinkedIn followers, 121k Instagram followers, and 268.5k Twitter followers. These are his extra revenue streams.
The total from these media is still being calculated, though. At SuperCluster Pi, MBA Chaiwala made investments alongside some of the most well-known YouTubers.
This direct-to-consumer botanical firm is building a network of brands with a focus on wellness and health.
This organization furthermore intends to complete 6–8 D2C brands throughout the course of the upcoming 12 months.