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Home Startup Stories A 16 year old CEO| Enterpreneur| ft. Tilak Mehta

A 16 year old CEO| Enterpreneur| ft. Tilak Mehta

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Who is Tilak Mehta??

Tilak Mehta is a 16-year-old media personality and entrepreneur. In 2018, he and his maternal uncle Ghanshyam Parekh co-founded the courier company Papers n Parcels (PNP). When he started his business, he was a 13-year-old class 8 student, and everyone was surprised by his success at such a young age. In March 2019, he will appear on TEDx Talks and garner substantial media coverage. His company’s revenue is expected to expand substantially in the financial year 2020-2021, with a turnover topping 100 crores.

Tilak Mehta is a student at Gurukul Olympiad School in Aurangabad, Maharashtra, where he is currently in class 10. Vishal Mehta, his father, is also a businessman, and Kajal Mehta, his mother, is a housewife. Tanvi Mehta, her younger sister, is her other sibling.

Tilak Mehta’s a quick biography 

Full NameTilak Mehta
Nick NameTilak
Profession Entrepreneur
Famous ForFamous because he co-founded the Papers n Parcels (PNP) company at the age of 13.
Date of Birth2006
Age (as of 2022)16 years (2022)
BirthplaceAurangabad, Maharashtra 431005
Zodiac SignLibra
School NameGurukul Olympiad School
CollageNot Yet Started.
Educational QualificationGraduate
Father Vishal Mehta
MotherKajal Mehta
SiblingBrother-n/aSister- Tanvi Mehta
Family Tilak Mehta Family Photo
ReligionHinduism
Home TownGujrat
Current AddressAurangabad, Maharashtra
GFnone
Hobbies Watching movie and web series, Dancing
AwardsYoung entrepreneur title at the India Maritime Awards in 2018. Speaker at Tedx.Forbes Panelist.Awarded Global Child prodigy 2020
Net Worth100 crores
Monthly Earning8 crores (According to 2021

How his Journey begins..

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Tilak went to his uncle’s place one day for whatever reason. And then he returned to his own home. In his uncle’s house, he forgets his math book. However, he required this book immediately due to an upcoming exam.

His father, who had arrived late that night, was exhausted and unable to deliver the book to his daughter.

Tilak inquired of his father about using the courier to return the book from his uncle’s place. However, courier fees for same-day delivery are as much as the book price.

This is the time at which Tilak’s concept of starting his own logistics and providing courier services at a fair fee germinated.

He went off on his own, delivering the courier in his own way.

After some time, he and his colleagues join the dabbawala, where they take and deliver orders.

How his Startup Works ??

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So, if the dabbawala transports the courier from the sender to the receiver, they are paid a commission based on the distance he travels.

Mumbai is divided into 60 rings by him.

The Paper n Parcel functioning system was as follows.

Assume you need to send an object from point A to point B. And his company has several circles between locations A and B, such as (A1, A2, A3, and so on).

As a result, the sender gives the book to A, and A accepts it. A1 sends the book to A2, and A2 sends the book to A1. A2 to A3 is the same way, and it will be shortly.

And at first, the paper-N-parcel service was only available in Mumbai.

In 2018, he was named “Young Entrepreneur of the Year” at the India Maritime Awards.

Some Key secrets for his great Success 

  • The contract with ‘Mumbai Dabbawala’ is based on a commission for each successful delivery, rather than recruiting personnel on a predetermined pay. ‘Dabbawala’ receives a notification on his smartphone app anytime a new delivery order is made, as well as a commission for a successful delivery. They do not have to incur losses for ups and downs, such as during Corona Vira’s lockdown, when everything was shut down, and they do not have to worry about employee pay with this commission-based business model.
  • Tilak Mehta created the company while he was only 13 years old, and it won him extensive media attention and popular support. Many large media outlets covered his tale, and as a result, his company gained a lot of free advertising. He has now established himself as a brand, and everyone in Mumbai is familiar with him and the services provided by his company.

Read out the statement of Young Genius (Tilak) about his idea..

“I was thinking about this for days and when I saw a dabbawala in my building, the idea for Papers N Parcel struck. I always marveled at the swiftness and the efficiency of the dabbawala’s food delivery network, and I wondered if the network could be used to allow deliveries of even non-food items,”. 

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