Pune is a developing city in Maharashtra located in the western part of the state. Once the Maratha capital, Pune has a significant history related to different Indian rulers. Also called the ‘Queen of Deccan,’ Pune is known for its huge impact on Maharashtra’s economic, social and cultural development. Pune’s fame skyrocketed during the COVID-19 pandemic since the headquarters of Serum Institute of India (developer of Covaxin) are situated in the city. However, that’s not all of it. Pune has always been a great place for thinkers and innovators to create disruptions in the market. Today, we will discuss why you should consider Pune for your next business venture and which businesses can be your best bet to success.
Key Insights of Pune
On this page:
- Key Insights of Pune
- Why Should you Start a Business in Pune?
- List of Best Low Investment Business Ideas for Pune
- List of Best Small Business Ideas in Pune
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Why Should you Start a Business in Pune?
1. Economically Sound: Pune is the seventh richest city in India, with a nominal GDP of USD 92 billion and per capita income standing at around USD 12,000. Higher-income creates higher consumer spending chances, which may be a sought-after quality for new businesses.
2. Diverse Sectors: Pune is not dependent on a single industry for its huge GDP. The city has a diverse portfolio of sectors, including education, pharmaceuticals, textiles, technology, and service. Entrepreneurs have more choices for businesses to start in different industries flourishing in the city.
3. Education: Due to more than 800 prestigious educational institutions, Pune is also called the ‘Oxford of the East.’ The city has both rural and urban literacy rates standing above 80%. Educated populations make good customers and a good workforce for newer businesses.
4. Investment Hub: Pune is the second biggest investment destination in India, with major investments in infrastructure, technology, automotive, education, and pharmaceuticals. The city sees major interest from both domestic and foreign investors.
List of Best Low Investment Business Ideas for Pune
Now that you know why Pune is one of the top cities to start a business, let us tell you some of the top ideas starting with some low-investment ideas and going all the way up to capital-intensive businesses.
1. Affiliate Marketing
Probably the best low-investment online businesses anywhere in the world, Affiliate Marketing is a collaboration in which a marketer promotes an online retailer’s products/services and earns a commission on every sale or click he brings to the retailer’s website. You can easily do affiliate marketing through your smartphone or laptop with the help of a strong internet connection. Creating online content has become easier than ever in 2022. Find out what kind of content speaks to you, upload it on different platforms, and earn a decent following. Once you have decent numbers on your social media, you can become an affiliate marketer by promoting products for different online retailers.
2. Educational Consultant
Counselling has seen major players emerge in the last decade. Students from all over the country visit Pune to complete their higher education and get a good life for themselves. Many students need the right idea of how to make it in life when they graduate high school. Educational Consultants help students figure out a career path based on their individual ability and provide them with the necessary training to excel in every field – education, extracurriculars, interviews, cognitive thinking, and much more. You can become an educational consultant without having to invest a lot of money into the business.
3. Freelance Content Writer
In today’s world, content is king and every business, whether big or small is always on the lookout for freelance content writers.
If writing is your passion, you can start freelancing content writing. As a freelance content writer, you can write blog posts, emails, social media content, guides, eBooks, video content, and case studies.
You can start freelancing from the comfort of your home and set your own working hours.
If you are skilled at making cakes and cookies, you could also start a bakery. You only need some excellent recipes, a baking tandoor, and various moulds. For every small gathering or meeting that they host, many corporate businesses are now placing orders with bakeries. If you can participate in these corporate events, you can profit reasonably from food business ideas. Even better, you can start a little bakery at your house.
5. Personalized Fashion Apparel
Nowadays, people are seeking out creative things. Because of this, their sense of style is changing. If you are adequately qualified in fashion, you can begin working on embroidered orders from your customers.
You can make one-of-a-kind, premium outfits for your customers by becoming an expert at the embroidery details using ribbons, beads, zari, and fabrics. In order to attract attention to your career, you may also construct a website where you can upload your portfolio.
6. Pet Care and Grooming
The majority of people today own pets, but because of their demanding work schedules, they have to work hard to care for them right away. Start a pet grooming and care business if you have a passion for it. This profitable business venture as it is highly paid.
7. Web Designing
One of the most exciting industries that have had an increase in demand since the advent of the internet is web design. Furthermore, young talent is in high demand in this field. You can adapt this business idea for yourself.
You can design the structure of the website, develop its functionality, and include all necessary visuals, charts, tables, etc. Even in Pune, this is a popular low-investment venture.
8. Yoga Center
Starting a yoga centre is a profitable business idea as since the covid-19 pandemic people have become more cautious about their health and lifestyle choices. You can offer classes and workshops at your centre.
Running a yoga centre can offer a great deal of flexibility in terms of scheduling and workload, allowing you to tailor your business to your lifestyle and needs.
9. Cooking Classes
If you love cooking and keep on experimenting with new recipes and ingredients, then you can start your own cooking classes. Starting a cooking class does not require a lot of upfront investment and you can begin with your home kitchen.
This is a lucrative business idea that offers flexibility as you can decide on your own schedule, how many classes to offer per week and how many students to take per class.
If you have expertise in a particular subject then you can offer online tutoring classes. You can connect with students from all over the world, which gives you an opportunity to work with students from different cultures and backgrounds.
Starting this business requires minimal investment and you only need a working laptop with a stable internet connection.
List of Best Small Business Ideas in Pune
1. Digital Marketing
Every company is looking for a digital presence today. However, most companies do not have the time and resources to figure out their social media campaigns, which is why they hire professionals to engage with audiences on the internet. Digital Marketing is a great business for individuals who have a great understanding of how the internet works. It involves different aspects like Website Development (developing and maintaining the website, uploading content, SEO, SSL, Meta Tags), Social Media Marketing (Videos and graphics on a platform like Instagram, Facebook, Twitter, etc.), Content Marketing (YouTube, Blogs, Forums, Podcasts, etc.), Content Writing, Graphic Designing, Video Editing and much more. However, you can specialize in a single field at first and expand as you go on. Learning Digital Marketing is also not hard or expensive, as several top-notch, affordable courses are available online.
Moreover, if you are looking to start a business in Bangalore but got fewer funds. Don’t worry. Here is our list of some of the best low-investment business ideas in Bangalore that you can start easily.
2. Real Estate Agent
As Pune follows the footsteps of metropolitans like Mumbai and Delhi, the importance of Real Estate Agents rises dramatically. Students, employees, and business people, everyone needs an office space or a home. Real estate agents build strong networks with constructors and lessors to provide the best spaces at the prices suited to their clients. Agents can earn huge amounts as commissions from corporate and individual clients.
Business Ideas for Other States:
3. Pharmaceutical Wholesaler
With SII, the most famous pharma company of India, present in Pune among many other manufacturers, including Eisen, Intros, SAVA, Zyphar, etc., Pune is a hub for medicine development. Wholesalers can buy huge quantities from the manufacturers and start selling them with a margin to the retailers. This business may require some upfront investment but has a huge ROI since healthcare never goes out of business. Apart from medicines, you can also deal in healthcare equipment, machinery, hazmat suits, and much more.
Many people in Pune have regular employment that puts pressure on them in the early years of their child’s overall development. Daycare is a great way for parents to be carefree about the betterment of their children. When starting, entrepreneurs can open a daycare from their homes, gathering infants and pre-teenagers from their neighbourhood. Daycares provide different facilities like speaking ability development, cognitive thinking, good manners, interpersonal skills, etc., and are a great way for individuals to earn without spending much in the early stages of their business.
Only for you, we have walked through some of the most popular and successful online business ideas in the village that can be started with minimum resources. Do give it a read.
5. Coaching Institutions
As we said, Pune is an educational hub. Thousands of students come from all across the country to join prestigious institutions in the city. However, many resident students compete for government and private colleges. Due to high competition, it becomes very important for students to receive the best guidance in their preparation. You can become a subject teacher from the comfort of your home itself. As your business grows, you can gather more teachers for different subjects to create a full-fledged coaching centre. The educational coaching business can be highly competitive and is highly based on word of mouth. So, make sure to provide the best facilities possible to the learners.
6. Tourist Agent
Pune is a top choice for history buffs and travelers from all over the world. The city has several historically and culturally significant locations like Osho Ashram, Aga Khan Palace, Pataleshwar, Shaniwar Wada, and Sinahgad Fort. You can start in any part of the tourism industry – hotels, café, restaurants, cabs, gift & souvenir shops, travel guides, etc. to create a successful business at a low investment cost.
7. Event Manager
Trends have drastically changed in the last decade when we discuss arranging and planning a party. Nowadays, people are more open to the idea of an event manager planning everything related to their celebration. If you have strong interpersonal skills and creativity, you can become a successful event manager for occasions like festival parties, birthdays, weddings, anniversaries, and much more. Event managers are responsible for everything related to a party, including location, catering, photography, decorations, parking, drinks, and much more.
8. Manufacturing Unit
Pune, a city located in the western state of Maharashtra in India, is known as the “Detroit of India” due to its strong manufacturing sector. Pune offers a favourable environment for starting a manufacturing business, with access to skilled labour, infrastructure, and government incentives.
Starting a manufacturing unit can be a profitable business idea. You can start small and then grow as your revenue increases.
9. Logistics Solutions
Strategically, Pune is close to important industrial hubs like Mumbai, Nashik, Aurangabad, and Solapur. This makes it the perfect place to launch a logistics business. Pune also has a sizable consumer sector that caters to both B2C and B2B clients. These elements make Pune a desirable site for logistics solutions companies, and the industry is anticipated to grow over the next few years.
10. Car Washing & Detailing Business
There is a considerable demand for car washing and detailing services in Pune due to the city’s growing automobile population. Starting a car wash and detailing business in Pune might be very inexpensive compared to starting other businesses. This is due to the fact that you can start small and progressively grow as your business develops without the requirement for expensive machinery or inventory.
Thus, starting a car wash and detailing business in Pune can be a successful and rewarding endeavour.
In addition to this, we would also like you to check our latest blog, where we have listed down some of the most profitable small business ideas in Odisha. Do check it out.
Pune is an up-and-coming location for businesses as well as job holders. Both traditional and modern ideas can potentially become success stories in the city. Now that you have an idea of the best low-investment business ideas in Pune, all that is left to do is research the field you are most passionate about and start putting pieces into place. Good luck!