India and Indians are well known throughout the world due to their love of tea. For the same reason, tea might also be classified as one of the most widely consumed beverages in India. Consequently, it can now be said that combining great tea with a lovely setting and some snacks is a successful business idea. The narrative of Prafull Billore’s story centers on this idea. Prafull Billore founded MBA Chai Wala in 2017 in an effort to fulfill his aim of being a “big businessman.” This article will discuss MBA Chai Wala’s net worth as well as the price of the franchise.
Continue reading the article to know more about Praful Billore, his career, his business model, franchise, net worth, and other facts that you might find inspiring.
Who is Praful Billore?
Owner of a three billion dollar company, Praful Billore founded MBA Chai Wala based on his passion for chai and his aspirations. Prafull, a Madhya Pradesh native and Bachelor of Commerce graduate was nurtured in a middle-class household. Even though many people believe that MBA stands for Master of Business Administration, Praful refers to himself as “Mr. Billore Ahmedabad Chai Wala.”
Before this, Prafull had held positions at McDonald’s as an employee and a cashier. Even though he had accomplished much, he hated the thought of working for someone else and desired to forge his own identity. The MBA Chai Wala Company was established as a result.
The Career of Praful Billore
Praful initially tricked his father into giving him 8,000 rupees by claiming he was enrolled in a short-term course. Because he thought his parents would be horrified and angered by his decision to sell tea, he was unable to be honest with them. However, when Prafull set up a temporary tea station, things didn’t go as planned since, on the first day, not even one customer visited his stall. He decided to keep trying, therefore he came up with a new plan.
On the second day, he began conversing in English with his customers. As a result, they were drawn to the English-speaking Chai Wala and started approaching him to order tea. He began to devote more of his time and attention to the chai business as it started to grow.
Prafull Billore Family & Relationships
Prafull Billore, also known as MBA Chai Wala, declined to discuss his family in an interview. He gave few specifics regarding the siblings and other family members. However, you may check out a couple of pictures he posted with his mother and father on his Instagram.
Prafull Billore’s marital status is also married. Additionally, Prafull Billore usually posts pictures with his wife Sherya Billore, and their son Miransh Billore online so you may look for images of Prafull Billore, his wife, and his son on his social media accounts. Nevertheless, Praful did not provide many details regarding his siblings and other family members.
How did MBA Chai Wala succeed?
Prafull built his tea business using a range of marketing techniques. Indians enjoy their tea, and when it is sold in a distinctive manner by someone who speaks quietly in English, the tea café gains even more fans.
The bread, clay teapots, and tissue that are provided with the tea are the cherry on top. Prafull put up his tea shop at political gatherings, weddings, and other events in order to strengthen its brand and draw in additional clients.
Social media marketing is another modern marketing technique that was crucial in making his tea company well-known. To interact with clients online, Prafull keeps a consistent social media presence.
Additionally, he arranges open mic nights and book drives at his shop to engage and draw clients. His tea business’s widespread recognition is largely a result of these tactics.
Challenges faced by MBA Chai Wala
The tea business gained attention from people from all walks of life as it gained popularity. They claimed that Praful’s chai shop was hurting proprietors of competing small businesses and hawkers, which made it harder for his enterprise to grow.
After getting threats from neighborhood gangs and the local police to shut down the chai business, he was forced to put his tea concept on hold for a while.
Business Model of MBA Chai Wala
The MBA Chai Wala has a very straightforward business plan. MBA Chai Wala helps with marketing; nonetheless, the franchise is in charge of opening and running the shop. Franchisees are free to concentrate on managing the business because MBA Chai Wala is in charge of branding and marketing. Additionally, MBA Chai Wala provides assistance and training to assist its franchisees in getting off to a quick and easy start.
The MBA Chai Wala business model has the following characteristics that set it apart from other entrepreneurial concepts:
- A unique company strategy that is appealing and successful.
- A chance to start your own chai shop where you can provide consumers with top-notch Indian tea, promote interest in Indian cuisine, and boost brand recognition.
- Low-cost commercial ventures.
- A thoughtful investment strategy that offers great tea, snacks, and coffee at a reasonable price.
- Favorable profit margins and a strong economy.
Net Worth of MBA Chai Wala
Despite not being a big fan of tea, Praful managed to build a lucrative company with an annual revenue of Rs. 24 Cr. He serves as an example for many people who desire to launch straightforward businesses.
As of March 2023, Prafull Billore, also known as MBA Chai Wala, has a net worth of over Rs 24 crore, or about $3 million.
Income of MBA Chai Wala
Praful Billore has earned more than $4000 from sponsorships and YouTube together. His yearly income as an MBA Chai Wala is close to $4,000,000. His monthly salary is almost $30,000. He runs a thriving business and relies on YouTube ads for a good portion of his income.
He is also earning a good amount of money from the MBA Chai Wala franchise as he is making a large profit from that. Prafull Billore’s revenues have increased as a result of the fact that he receives support from numerous companies, including Hirect, and JUMP.TRADE, and others.
Franchise of MBA Chai Wala
There are 11 franchisees of MBA Chai Wala, owned by Prafull Billore, located in various cities. For company owners, an MBA Chai Wala franchise can yield a sizable return on investment. The MBA Chai Wala franchise has a low startup cost and a high-profit margin. An MBA Chai Wala franchise can achieve remarkable success in the quickly expanding chai and cafe sector with the correct marketing and management skills.
The three café formats available to those who purchase an MBA Chai Wala franchise are as follows:
Lounge Model: The largest cafe model under the franchise concept is the lounge type. If you want to start a franchise using the lounge model, you need a place that is at least 500 square feet and as large as 800 square feet.
Dine-In Model: This is the franchising strategy’s medium-sized café format. If you want to start a franchise using the dine-in model, you need a place that is at least 300 square feet and as large as 500 square feet.
Kiosk Model: The kiosk type is the smallest cafe design available in the franchising system. A little space of about 150 square feet is sufficient to implement the kiosk concept for the franchise.
Even though all three models are profitable for would-be business owners, the kiosk model is a very effective business plan for people who are unable to create a large-scale store. This is the greatest choice for ambitious business owners who want to launch their company with the least amount of money. It gives newcomers an opportunity to benefit.
Few Facts About Praful Billore
The following are some facts about Praful Billore that you might find inspiring:
- Praful began his business with just 8000 INR at that time.
- Praful’s father wanted him to get an MBA degree and do a well-paying job.
- Praful appeared in the CAT exam for three-time but was not able to pass the exam, so he left the preparation.
- Praful got famous due to his marketing strategies as he used to offer chai in English on his tea stall which gained him a lot of attention.
- Presently, Praful Billore is famous as MBA Chai Wala and he is now invited to many colleges for giving speeches at events
- Praful is a social media influencer and you can get updates on his personal and professional life through his social media accounts.
- Till now, Praful has arranged and attended almost 200 events in 2 years.
- The full form of MBA Chai Wala is ” Mr. Billore Ahmedabad Chai Wala.”
Frequently Asked Questions
1. Who is Praful MBA Chaiwala?
Ans. Praful Billore is famous for MBA Chaiwala which is the fastest-growing Chai cafe chain with annual sales of almost 4 crores.
2. Why is MBA Chaiwala so famous?
Ans. MBA Chai Wala is most popular among the Youth, especially MBA students because of starting a business at a very young age and making it successful throughout India. Moreover, now Praful Billore is a public figure and attended more than 200 events and spoken on different topics such as women’s empowerment so he has become an ideal to youngsters.
3. What is the Story of MBA Chaiwala?
Ans. At the age of 25, Praful Billore became a celebrity and a Youth influencer. He is best known as MBA Chaiwala. He got media attention in 2020 and now everyone knows him as MBA Chai Wala. In the beginning, he traveled to Gujrat to study but he really wanted to do something so he started entrepreneurship which led him to skip his MBA and start a tea stall on the Gujarat highway.
4. What does the MBA Chai Wala franchise cost?
Ans. MBA Chai Wala has opened more than 100 franchises across India which costs around 3 lakhs INR.
5. How much does MBA Chaiwala earn?
Ans. If we talk about the per day income of MBA Chai Wala, it would be around 1.38 lakhs and his monthly income is 42 lakhs and turnover is 5 crores per year.
6. Net worth of MBA Chaiwala in 2024?
Ans. MBA Chaiwala net worth in 2024 is INR 24 Crore.
7. is MBA Chaiwala married?
Ans. Yes MBA Chaiwala is married to Shreya Billore.
8. MBA Chai wala chai price?
Ans. MBA Chaiwala chai’s cost is 100 INR per tea.
The final words
MBA Chai Wala has demonstrated that ideas, when supported by commitment and effort, can never fail. Billore established a tea kiosk and improved marketing techniques to gradually attract more clients. Along with his personnel, franchisees, and general success in the Indian industry, MBA Chai Wala has seen a huge increase in net worth. We hope you found this article informative and that now you know about the personal life, career, net worth, and business model of MBA Chai Wala.