Are you looking for small business ideas in Maharashtra? Here you will find the most profitable and trending investment opportunities in Maharashtra with small capital investment.
Maharashtra is the biggest economy in India at Rs 16.87 lakh crore in terms of gross state domestic product (GSDP), according to the credit rating agency Brickwork Ratings. Maharashtra is India’s leading industrial state contributing 13% of national industrial output. Pharmaceuticals, petrochemicals, heavy chemicals, electronics, automobiles, engineering, food processing, textiles, and plastics are some of the major industries in the state.
Maharashtra is renowned for the production of three-wheelers, jeeps, commercial vehicles and cars, synthetic fibers, cold-rolled products, and industrial alcohol. Small-scale industries have also come up in a big way in the state.
The government of Maharashtra has established Maharashtra Industrial Development Corporation (MIDC) which provides businesses with infrastructure such as land (open plots or built-up spaces), roads, water supply, drainage facilities, etc. There is an enormous potential for starting a small business venture in Maharashtra.
Here are the best businesses to start in Maharashtra with a small investment:
Top 10 Small Business Ideas in Maharashtra
#1. Acting School
Bollywood is classified as the biggest movie industry in the world in terms of the number of people employed and a number of films produced. Bollywood films are multi-million dollar productions, with the most expensive productions costing up to 1 billion rupees (roughly USD 20 million). Setting up an acting school is one of the most legitimate small business ideas in Maharashtra. Read More…
#2. Amusement Park
The amusement park is a capital-intensive business and also very profitable. Provided you have land, establishing an amusement park is a viable proposition. The amusement park business is perfect for the fun-loving, passionate individual who wants to establish a profitable self-rewarding business. Read More…
If you have knowledge and experience in a specific subject, the consulting business is perfect for you. The consulting trend is continuing to build as companies are staying as lean as possible in a tough economy. In the consulting business, the ability to listen to your customer is a must. Read More…
#4. E-waste Recycling
There is a high demand for the recycling business in India, especially for electronic waste. The market is huge. Do a survey on e-waste management so that a plan is formulated in this regard. The details such as the acquiring of the e-waste, machinery used for recycling, the employees being appointed, and most importantly, the budget required for the business are required to be pooled accordingly. Read More…
#5. Start an Export-Import Business in Maharashtra
Mumbai is the financial capital of India. It has enormous export and import business potential. Maharashtra is the second largest exporter of software. Having knowledge and experience about the foreign market, any individual can initiate an export-import business from Maharashtra. Read More…
#6. Handyman Business
The service-providing industry is immensely growing in the state of Maharashtra. Handyman service-providing company is one of the most profitable small business ideas in Maharashtra. Apart from a full-time operation, you can start this business part-time also. Read More…
#7. Hookah Bar Lounge
The hookah bar lounge is perfect for metropolitan and suburban cities. A truly passionate entrepreneur can initiate a hookah bar lounge business with strategic planning and substantial capital investment. Read More…
#8. Kids Store
With the growth in the retail industry, a corresponding demand for real estate is also being created and the growth in the online mode of retail is also creating a tremendous growth opportunity for domestic and international retail companies. Initiating a kid’s store with all allied products is a lucrative small business idea in Maharashtra.
#9. Security Business
Growing awareness of security and safety issues increased the outsourcing of public security functions and technology convergence and integration represent some of the biggest current changes in the security and safety industry. The security-related venture is definitely the most trending small business idea in Maharashtra to start with a small capital investment. Read More…
#10. Travel Agency
Maharashtra attracts many tourists from different states and foreigners too. It is the most visited state by domestic tourists in the country in 2010. Aurangabad is the tourism capital of Maharashtra. Maharashtra offers adventure lovers, over 45 adventures to choose from across its length and breadth. Initiating a travel agency business is a wise decision provided you have the right skill and experience.
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 business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.