- Ramesh Babu is a billionaire who worked his way from the bottom as a poor barber's son to the top
- Babu hit his first jackpot when he started a car rental business that was borne out of passion
- The rich barber now has over 200 luxury vehicles of various brands in his fleet which he rents out for good sums
The story of Ramesh Babu is an inspiring one for all entrepreneurs. Babu started out his barbering business in 1994 with a Maruti van that he got with his savings.
Presently, Babu is a billionaire who has over 200 luxury cars of BMW’s, Mercedes’ brands among others in his fleet.
The lowest rent money he gives his car out is is ₹1,000 per day and the highest go for as much as ₹50,000.
This inspirational story of Ramesh Babu who still prefers to cut hair so that he never forgets his humble beginnings, just goes to show that anyone can make it in life, irrespective of their background.
On most of the days, Ramesh comes to his workplace driving a Rs 3.1 crore (GHC2.35m) Rolls-Royce Ghost.
He had a challenged road to success and much his early life was spent struggling for survival as he had to battle losing his father at a very tender age of seven.
If anybody told Babu he would turn a billionaire by 40 working his way up from the barber shop his father left behind, he would have called it a pipe dream.
Babu said he and his mother after his father’s demise, had to grow on a meal daily, adding that responsibility soon put him into dilemma of choosing between studying or hunting for survival.
The billionaire said that his dream of always wanting to own a car made him purchase the Maruti that he started renting out.
What started out as an interest soon ballooned into a multi-million business that is central to his country’s tourism business, since his cars are always used by tourists.
Despite discouraging comments from people when he was starting his rental business, Babu said he went ahead and said he would sell off even if things go worse.
Babu said he had to face so many challenges on the way as an entrepreneur, saying it has not all been a smooth ride.
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