Mumbai's Tech Founders Prioritize Profitability, Says Naiyya Saggi
In Mumbai, founders don't burn money; they make each rupee count: Naiyya Saggi
Image: The Economic Times
Naiyya Saggi emphasizes that Mumbai is more than a financial center; it hosts a thriving tech ecosystem. She argues that local founders focus on fundamental business practices, valuing profitability and efficient use of resources, which distinguishes them in India's competitive landscape.
- 01Mumbai hosts four of the five largest companies in India by market capitalization.
- 02The city is a key hub for various sectors including BFSI, media, consumer goods, and manufacturing.
- 03Founders in Mumbai prioritize building sustainable businesses over burning cash.
- 04The region offers unparalleled access to capital, consumers, and customers in India.
- 05Naiyya Saggi advocates for a business culture that respects profitability and resource efficiency.
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Naiyya Saggi argues that Mumbai is not merely a financial hub but a significant player in India's tech landscape, boasting one of the largest and most profitable ecosystems. She highlights that four out of the five largest companies by market capitalization are based in the city, which also serves as a center for banking, financial services, insurance (BFSI), media, consumer goods, and manufacturing. Saggi asserts that founders in Mumbai focus on fundamental business practices, emphasizing profitability and the efficient use of resources, thereby making every rupee count in their ventures. This approach sets them apart in the competitive Indian market, allowing them to build sustainable businesses.
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The emphasis on profitability among Mumbai's tech founders could lead to more sustainable business practices in the region.
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