Are you looking to set up a small business in Delhi? If yes, you have landed at the right place. Here in this article, we list down the most profitable small business ideas and investment business opportunities in Delhi NCR.
The population of New Delhi has increased rapidly in the last 10 years. From a figure of 4 million in the year 1901, the population of Delhi has increased to around 32 million in the year 2021. There has seen tremendous development in transport, education, healthcare, and other facilities offered by the government and other agencies here.
The population of Delhi is expected to rise by 40% by the year 2020. Better roads and a good living standard here creates attractive investment opportunities for Business Owners. The business climate provides a lot of Small Scale Business Opportunities here. Not only are locals visiting the capital, but tourists from all over the world have also made their way to the capital of India.
Is Starting a Business in Delhi Profitable?
It is without saying, Delhi happens to be one of the favorite cities in India to start a business. The three important reasons that make Delhi a lucrative business destination are the following:
- Good market to sell products
- Wholesale products readily available for distribution business
- Since Delhi is the capital city, support from the administration makes launching a business far easier than in other cities in the country.
If you are looking to build a business in India, Delhi is a place you should consider with utmost importance.
27 Small Business Ideas in Delhi
1. Air Protection Mask
Delhi happens to be the 6th most polluted city in the world. The city suffers from air pollution mainly from road dust and industry. In addition to this, vehicles powered by diesel engines add more to the problem. The citizens in Delhi as a result looking for ways and means of tackling the situation. The demand for air protection masks is increasing day by day.
You can address the problem of pollution by manufacturing or selling air protection caps to Delhites.
2. Solar Product Distribution
More people in Delhi are looking for energy alternatives. The pollution factor is adding to this demand. Starting a solar product distribution is a potentially profit-making business in Delhi at present.
3. Tour & Travel Business
Delhi with its rich heritage has a lot to offer to foreign tourists. With the number of domestic and international tourists rising every year, tourism is one hot sector entrepreneurs must focus on.
According to a UN study, computer waste in India alone will be growing by 500 percent from 2007 levels by 2020. E-waste is expected to escalate to alarming proportions in the developing world in the near future. The recycling and E-Waste sector opens a tremendous business opportunity for entrepreneurs in terms of e-waste management and disposal.
5. Buffet Restaurant
Buffet-only restaurant is one of the most trending food business ideas. People always love to have a meal according to their own choice and enjoy selecting from many options. The right location and proper marketing strategy are important in starting a buffet restaurant.
There are plenty of small and medium businesses in Delhi and its adjoining tech hub city Gurugram. Starting a digital printing business is, therefore, a no-brainer. You can check a detailed post here on the list of Profitable Digital Printing Business Ideas.
7. Car Rental
Renting a car is a profitable business idea in a city like Delhi. Tourists from all around the world visit Delhi. Domestic demand for car rentals is also increasing. If you own a car or planning to buy one, you must consider this business in Delhi.
8. Real Estate Consultancy
A real estate agency is a still profitable business in this digital era. You can start a real estate business in Delhi with your local properties. Start with every type of property such as new, resale, and rental property that needs clients.
9. Man Power Resourcing
As Delhi is one of the biggest business hubs in India, manpower demand is always there. Manpower resourcing is a profitable business option in Delhi.
10. Event Management
Event management agency business demands superior organizational and planning skills. Graduating from college in events management or a related major is a plus, but it’s not a required necessity. In the event management consulting business your major customers are large corporations, educational institutes, married couples, religious organizations, political parties and candidates, NGOs, and many others.
11. Gift Item Shoppe
People from all around the world visit Delhi as it is the capital of India. Most of them would love to buy gifts for their loved ones. Running a gift shop in Delhi is a good option for money-making.
12. Security Agency
Starting a security agency is a profitable business. Many organizations want to keep security personnel on a contract basis. You can start this business with almost zero investment.
13. Self-Defense Training
In Delhi self-defense training courses becoming increasingly popular. The security of individuals is a critical issue in Delhi. With proper knowledge and expertise, you can craft courses, especially for children, women, or seniors. In this business, you can establish a self-defense training school or you can go for individual training in their places
14. Yoga Practicing Center
Yoga is gaining popularity day by day. There is a good demand for yoga trainers in the city. You can start a yoga training center in Delhi and make good money.
15. IT Security Consulting
IT security consulting is one of the most trending and profitable businesses to start in a capital city like Delhi. Having skill and knowledge about IT security one can initiate this business with low startup capital.
The wedding consulting business comes naturally to a person who is organized, focused on details, and loves to coordinate events. Your creativity can make others’ wedding days memorable for a lifetime. You can start this home-based business with low startup capital with the help of online promotion.
17. Finance Consulting
Finance consulting includes various different finance-related services. Having proper expertise and knowledge, any individual can start this business home-based also. It includes insurance, investment planning, tax consulting, bookkeeping, business consulting, collection agency, expense reduction analysis, etc.
18. Image Consulting
If you love pulling together the perfect outfit, you may want to consider becoming a fashion or image consultant. While it may not be obvious at first, the reasons that people may need an image consultant are quite varied.
19. Start a Franchise
There are plenty of franchise business opportunities offered by reputed brands in Delhi. And for new entrepreneurs, it is always better to start a business as a franchise partner of an established company. Some of the lucrative segments are food retail, beauty, fashion, clothing, education, etc.
Any can initiate a cartridge refilling business based at home with low capital investment. As the business grows you can turn this into a retail store. You can also buy a franchisee of a reputed cartridge refilling brand.
21. Start a Blog
If you are looking for a legitimate home-based business opportunity in Delhi with a nominal investment that has the potential of making millions of Rupees, think of starting a blog. There are plenty of blog niches that are yet to be unexplored here in this part of India.
22. Fitness Center
Since Delhi is a cosmopolitan city, most people are health conscious. There is a good demand for professional fitness centers here. If you want to get into the fitness industry with low investment and high profit, consider opening a fitness studio.
23. Start a Dropshipping Business in Delhi
There is no shortage of suppliers and wholesalers of products in and around Delhi. The challenge for most suppliers is to sell their products. If you are one who does not want to take the hassles of stocking products but make money selling third-party products, dropshipping is just the right business for you.
24. T-Shirt Printing Business
At present, t-shirt printing is one of the most profitable businesses. There are many in Delhi who are making good money out of this business. One reason to start is that it requires very low investment and the profit margin is quite good. You can even start a t-shirt printing business from home with an investment as low as Rs. 50,000 in Delhi.
25. Start a Web Designing Business
As the country is getting more digitalized, the need for professional web designers is on the rise. You can get into the web designing business and make good money.
26. Open a Grocery Shop
A grocery shop is one business that will surely bring good profit here in Delhi. If you have a retail space with expected good footfall, consider opening a grocery store.
27. Mobile Phone Repairing Shop
There is a huge demand for professional mobile phone repair services in the city of Delhi. If you have the required skills and a little retail space, opening a mobile phone or smartphone repair shop will fetch you good money here in this capital city of India. You can add more profit by selling mobile accessories and phones.
Steps to Start a Legally Compliant Business in Delhi
After deciding on what business to start, one needs to take some necessary steps to legally launch a small company in Delhi. Some of them are the following:
- Select a Business Name
- Register the Business
- Get the necessary licenses and permits required for running the business in Delhi.
- Apply for GST registration as it is a must for starting a business legally here in this country at present.
- Open a Business Bank Account
- If you are looking for finance, create a business project plan and submit it to banks or other financial institutions.
So, here was our list of the best small businesses and a basic startup guide to starting a company in Delhi. Find the one which suits you most and start your business right now.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.