MBA Chai Wala (Prafull Billore) Net Worth
|Net Worth||$3 Million|
|Date of Birth||14 January 1996|
MBA Chai Wala Net worth can be estimated at around 30 Million as of 2023. Prafull Billore is a sensational entrepreneur who has used his marketing strategy in a chai business. If you have watched the south Indian movie Miss. India, you can easily connect Prafull’s story with Ms India’s because both stories are similar. MBA Chai Wala, or Mr Billore Ahmedabad Chaiwala, is a three-core chai franchise with 100+ outlets in India.
MBA Chai Wala Net Worth 2023
MBA Chai Wala started with just Rs. 8000, but his hard work and determination helped the business grow, and his net worth skyrocketed to INR 3 crore. Prafull lied to his parents that he would enroll in some courses, but he started his tea stall with that 8000. And now, the business is spread across the country with 100+ franchisees and outlets.
MBA Chai Wala Net Worth Overview
|Owner||MBA Chai Wala|
|Mostly Served||Chai, Maska buns|
|Net Worth in Indian Rupees||3 crore INR|
|Income Per Day||1.5 lakh INR|
|Income Per Month||45 lakh INR|
|Income Per Annum||3 crores INR|
MBA Chai Wala Net Worth Growth
|Owner||MBA Chai Wala|
|Net Worth in INR||Rs 3 crores|
|Net Worth in 2018||$1 million|
|Net Worth in 2019||$1.5million|
|Net Worth in 2020||$2 million|
|Net Worth in 2021||$2.6 million|
|Net Worth in 2022||$3 million|
Who is MBA Chai Wala?
MBA Chai Wala is a sensation in the world of entrepreneurs. Prafull Billore, the brain and hard worker behind MBA Chai Wala, one of the famous tea shops in India, is neither a foodie nor a cook. He doesn’t even know how to make proper tea, but he is now a chai-prenuer. He is an inspiration for all new and young budding entrepreneurs.
MBA Chai Wala, Prafull, is from a small town named Dhar in Madhya Pradesh. He was born into a middle-class family where there were always financial issues. Prafull was done seeing that. From his childhood onwards, Prafull dreamt of starting a business and getting lots of money to enjoy his life comfortably. And that’s why he and his parents decided an MBA would be an excellent choice for him. After completing his BCom degree, Prafull started preparing for CAT.
But Prafull failed CAT thrice, and this made him furious. Disheartened and angry, Prafull packed his bag and started going to various places to release his anxiety and stress. But for how many days can he travel without any good work? So, Prafull began to work at McDonald’s, but the salary was nothing much. He received 200 rupees each day.
But “where there is a will, there is a way,” and Prafull is an actual living example of this quote. He lied to his parents that he wanted to do some online courses and got some 8000 rupees from his parents. And started a tea stall in Ahmedabad. Though his friends and family taunted him for his terrible idea, he ditched everyone’s comment and decided to work on his dreams of becoming a millionaire. And the rest is history.
|Popularly Known as||MBA Chai Wala|
|Age||27 years (Born 14th January, 1996)|
|Birth Place||Dhar, Indore|
|Graduation||BCom and MBA drop out|
|Current Residence||Ahmadabad, Gujarat|
The Initial Stage of MBA Chai Wala
With just 8000 rupees in hand, Prafull doesn’t know what to do. Prafull doesn’t like tea but saw that many people love drinking tea, and there are also a few successful Chai cafes in India, which motivated him to start his business. On July 25th, 2017, in the streets of Ahmedabad, the failed CAT aspirant started a tea stall with dreams and goals in his eyes and heart. But the first day, he didn’t receive a single customer but heard an ear full of taunts from his friends and relatives.
But Prafull’s ambitious mind did not lose hope. He devised strategies and ideas to see traction in his business. First, he approached the customers by speaking English. Where every tea stall owner spoke Hindi, Prafull’s English attracted people to his stall. He sold five pieces of tea with toast on his second day for 15 rupees.
Then he slowly came up with many ideas like cricket, ludo, and setting a whiteboard where people could write any small message or names for their loved ones. It became a hit, and he opened a new outlet in Bhopal. Now the business started to get traction; challenges began rising.
Challenges Faced by MBA Chai Wala
No one likes competitors in their business. And the local tea stall owners saw Prafull as their competition. They were afraid of his growth. As people started going to MBA Chai Wala, the local sellers became furious and threatened him in various ways. Goons threatened him. His life became at risk, and he decided to close his stall with a heavy heart; it was one more significant challenge for Prafull than he thought.
But Prafull didn’t want to leave just like that. He made another plan, and he searched for the best safe place where he could continue his tea cart. And that’s when the hospital came to his brain. He asked a hospital owner for permission. And with 10,000 rent, the closed dreams of millionaires started growing.
Growth of MBA Chai Wala
After he got the opportunity from the hospital, he made the perfect plan and strategies to attract customers. He also established a strong customer relationship. With 8000 in hand, the MBA Chai Wala started in the streets of Ahmedabad, and now it has 100+ outlets in the whole country.
MBA Chai Wala means Mr. Billore Ahmedabad Chai Wala. Prafull was confused about what to name his stall. He wrote 400 names in a paper, but nothing seemed aligned. Suddenly he came up with the name MBA Chai Wala, and it is now a popular chai franchise across the country.
MBA Chai Wala mainly sells different types of teas kike ginger tea, masala tea, cardamom tea, black tea, maska buns, etc.
MBA Chai Wala Plan
- Prafull wants to spray his business more. He aims to attract more franchisers for his business. Right now, MBA Chai Wala has a franchise in Ahmedabad, Bangalore, Chandigarh, Dehradun, Delhi, Gurugram, Kanpur, Kolkata, Mumbai, Noida, etc.,
- MBA Chai Wala also wants to expand its business in events.
- MBA Chai Wala academy is also one of the plans of Prafull. He wants to fund loans and education opportunities for many backward people.
MBA Chai Wala Franchise
Anyone who wants to start an MBA Chai Wala franchise with a 100 feet space and a 3 to 4 lakh investment can create the franchise.
MBA Chai Wala Social Media
Prafull is very much active on social media. MBA Chai Wala’s marketing strategy includes more of his social media. He has a huge fan following on YouTube which brings him in small list of people who have over 1M subscribers. His primary income source is YouTube ads, brand collaboration, and franchises. His estimated income from YouTube per month is $3.5 k. And yearly YouTube income is estimated at around $41K.
MBA Chai Wala’s net worth is around 30 million as of 2023.
MBA Chai Wala’s real name is Prafull Billore.
MBA Chai Wala’s primary income source is his business, franchise, YouTube ads, and brand collaboration.
MBA Chai Wala earns 1.5 lakh per day.