How Did This Man Turn ₹1500 Monthly Salary Into ₹36 Crore? Discover His Journey

Ashfaque Chunawala embodies the power of courage, determination, and financial discipline. From earning a modest Rs 1,500 per month in 2004 stacking shelves at a retail store, to owning a fleet of 400 cabs with an annual turnover of Rs 36 crore, the 37-year-old resident of Oshiwara is a living testament to the transformative potential of hard work. His ambition now? To expand his fleet to 500 cabs.

Chunawala’s journey began when he had to leave school after Class X to support his family. He found work in 2004 as a retail store attendant, but his aspirations pushed him to seek better opportunities. Over the next decade, he switched jobs frequently, eventually becoming the manager of an apparel and skincare store. Despite this progress, Chunawala felt he was destined for more, even as financial debts loomed over him.

His fortunes changed in 2013 when he saw an advertisement for a new ride-hailing app offering flexible earning opportunities. Seizing the chance, he joined as a part-time driver, acquiring a small, affordable car through the company’s special program. This marked the beginning of his climb to success.

Initially, Chunawala balanced two jobs—driving from 7am, working at the store, and then driving again at night. With his combined earnings of Rs 35,000 from the store and Rs 15,000 as a driver, he diligently built his savings.

His sister played a crucial role by helping him purchase a second car. The increased earnings from both cars enabled him to expand further. Chunawala applied for a Rs 10 lakh bank loan to buy three more cars, hired additional drivers, and steadily grew his business.

What sets Ashfaque Chunawala apart is his relentless drive. Instead of settling for his improved circumstances, he invested most of his earnings, after paying off loan EMIs, into expanding his fleet. Using deposits and new bank loans, he built a 400-strong fleet over time.

Chunawala’s fleet now provides employment and stability to numerous families. He strives to empower his drivers, ensuring they can pursue their dreams without financial barriers. His journey, however, was not without challenges. He faced setbacks from employee issues to the severe impact of the Covid-19 lockdown, which temporarily halted his business.

Soon to be honored by Uber as a top first-generation entrepreneur, Chunawala emphasizes driver training. His drivers undergo a rigorous 15-30 day program to ensure they understand appropriate behavior and job expectations.

Chunawala’s story is a powerful reminder that with determination and strategic financial management, it is possible to turn one’s life around and achieve remarkable success.