Ramesh Babu is a business tycoon who owns many luxurious cars, like BMW, Rolls Royce, Mercedes Benz, and Toyota.
Early life and career
Ramesh Babu was born in a low-income family to a barber. When he turned seven, his father died and left a barber store. His mother was working as a maid. In addition, she rented the barbershop for Rs. 4 per day.
Ramesh saw that his mom was struggling and, in order to help her, he decided to leave studies after twelfth grade and look for a job.
He found many odd jobs, such as delivering newspapers and milk bottles.
In the meantime, his mom could not get along with Ramesh’s uncle, who was running the shop. Even though she wanted Ramesh to finish his studies, he started looking after the saloon.
Slowly, he learned all the ropes of the business. After that, he was called a barber.
In the year 1991, Ramesh opened his own salon, which was called Inner Space. It became a popular styling place for youngsters. Because of that, his salary increased. After some time, in the year 1993, he bought a used Maruti van. Babu chose that particular car because of the petty pride since his uncle purchased a small car. He had to take a loan so he could afford the car.
After a while, he decided to begin with the car rental business. The first company he started working with was Intel. Nandini Ikka was working there, so she helped arrange the deal. Later, he added more and more cars.
He only had five or six cars until 2004, since his priority was always the saloon.
His car business was not doing great at that time since most people had small cars.
Because of that, he got luxury cars– no one else was doing that. The business was named Ramesh Tour & Travels.
Babu’s clients were celebrities like as Aamir Khan, Aishwarya Rai Bachchan, Salman Kham, Virendra Kharde, and Atul Bajaj. Some politicians and military officers worked with him as well. Ramesh usually comes to the workplace driving a Rolls Royce.
He currently owns over 400 cars.
“I had collected these from many cities and countries over 24 years and added some here when we started the office three years ago. My son has a bigger collection at home,” Babu said.
Running this kind of business is not so easy. “Running a business like ours can be scary when things come to a sudden halt. In 2011 I bought my Rolls-Royce — it was expensive, and the government levied heavy taxes. I was almost bankrupt and even mortgaged my wife’s jewelry. People told me to sell the car. But I kept trying, and one and half years later, I finally managed to succeed again. ”
This Indian business tycoon’s net worth is approximately $2 billion. His life story teaches us that smart thinking and risk-taking can change our lives completely. He is truly an inspiration.