Agile Entrepreneurship: Evolution and Growth of Corporate India

Abstract

The key factors for every entrepreneur are passion for innovation and a willingness to take voluntary risks. Individuals engaging in entrepreneurial activities should possess the following capabilities: innovation, invention, perseverance, creativity, continuous efforts, and hard work. Several Indian entrepreneurs, such as Jamshetji Nusserwanji Tata, A.M. Murugappa Chettiar, T.V. Sundaram Iyengar, Dhirubhai Ambani, N.R. Narayana Murthy, Sunil Bharti Mittal, and Kiran Mazumdar Shaw, have worked tirelessly to establish a global presence for their products and services despite facing numerous challenges. The number of new business enterprises in India grew from 26,500 in 1991-1992 to 3, 40, 846 in 2011-2012, representing an exponential growth of entrepreneurial start-ups. Tata Steel has achieved cost leadership, acquired Corus Steel, and became the world's sixth-largest integrated steelmaker in 2011. A total number of 26, 63, 016 companies were registered as on 31^st March 2024, out of which 16, 91, 495 (64% of companies) are active. This paper discusses the expectations of global markets and how Indian entrepreneurs strive to meet international standards with their innovative products and services, ultimately prevailing in the market competition.