Achal Bakeri

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Achal Bakeri
Born
Alma materCEPT University
University of Southern California
OccupationBusinessman

Achal Bakeri is an Indian entrepreneur and founder, chairman and managing director of Symphony Limited.

Early life and education[edit]

He was born in Bombay, Maharashtra, to father Anil Bakeri, a real estate businessman, and mother Hansabahen.[1]

Bakeri completed his diploma in architecture from CEPT University, located in Ahmedabad, and a Master of Business Administration in the United States from the University of Southern California, located in Los Angeles, California.[2]

Career[edit]

He returned to India and started working with his father's real estate business in Ahmedabad.[2]

Symphony[edit]

In February 1988, Bakeri started Symphony Limited in Ahmedabad with a seed capital of INR 100,000. The company was about to go bankrupt in 2002, but after purchasing a majority stake in a Mexican company, Bakeri claims it became the world's largest air-cooler manufacturing company.[3][4] In February 2017, Symphony launched air cooler with multiple features like touch screen, voice assist, mosquito repellent.[5][6]

Awards and recognitions[edit]

Bakeri is the recipient of awards including:

  • Rotary International Entrepreneur of the year 1992[7]
  • India Young Business Achiever Award 1995
  • Finalist World Young Business Achiever in London
  • EY Entrepreneur of year Award 2014 Finalist[8]
  • Forbes List of Billionaires 2015[9]

Associations[edit]

Bakeri also serves as a director of Symphony Limited, Sanskrut Tradecom Private Limited, Bakeri Engineering & Infrastructure, Harmony Holdings Private Limited, Oras Investments Private Limited, Paratam Investments Private Limited and Bakeri Urban Development.[10]

See also[edit]

References[edit]

  1. ^ Trivedy, Ketan (undated). "Jewels of India: Anil Bakeri" (PDF). Chitralekha. Retrieved 16 June 2015.
  2. ^ a b Vyas, Jwalit (26 April 2014). "India's Biggest Value Creators: Achal Bakeri's Net Worth Jumps from Rs 2 Cr to Rs 2k Cr in Just a Decade". The Economic Times. Retrieved 3 March 2015.
  3. ^ Bakeri, Achal (as told to Srivastava, Samar) (9 August 2012). "Symphony's Achal Bakeri on How to Make Your Company Great". Forbes India. Retrieved 16 June 2015.CS1 maint: uses authors parameter (link)
  4. ^ Shanbaug, Amit (28 May 2012). "Selling Coolers: How Achal Bakeri Made 'Symphony' into a Rs 300 Crore Business". The Economic Times. Retrieved 16 June 2015.
  5. ^ Pandit, Virendra (15 February 2017). "Symphony's Touch cooler doubles up as air purifier and mosquito-repellent". The Hindu Business Line. Retrieved 5 October 2017.
  6. ^ www.ETRetail.com. "Symphony launches air cooler with multiple features - ET Retail". ETRetail.com. Retrieved 5 October 2017.
  7. ^ Staff (undated). "Achal Bakeri". Brand Owner's Summit. Archived from the original on 2 April 2015. Retrieved 16 June 2015.
  8. ^ Staff (undated). "EOY 2014 Finalists – Innovative Game Changers". EY. Retrieved 16 June 2015.
  9. ^ Staff (undated). "Achal Bakeri". Forbes. Retrieved 16 June 2015.
  10. ^ Database (undated). "Achal Anil Bakeri MBA". BloombergBusiness. Retrieved 16 June 2015.