SANTOSH PARULEKAR Bio,Age, Height, Family, Relationship and Bio
It doesn’t make sense for a business owner to say, “We don’t want to make a lot of money.” But Santosh Parulekar’s goal for his business, Pipal Tree, is to do good for society, not to make as much money as possible.
Because of this vision, Santosh, who is 37 years old, left a well-established job abroad to look for young boys in rural India and train them for free. Within a month, he puts them to work in the construction industry, where they earn Rs 5,200 as their first salary.
Since it started four years ago, Pipal Tree has trained 5,000 boys and girls from the countryside of Andhra Pradesh, Uttar Pradesh, Bihar, Rajasthan, and more recently Maharashtra. The girls are taught how to use tools and machines and are given jobs close to their homes.
In 2004, Santosh’s US-based private equity company, Vistaar, asked him to find out about the business model of SKS Microfinance, which had asked Vistaar for equity funding. This was Santosh’s first time in rural India. He was unhappy with what he saw in rural India and how microfinance institutions (MFIs) worked.
Most of these MFIs wanted to help rural women make a living, but Santosh, who worked for Citibank for four years as a corporate banker in Europe, found that they were only acting as financial middlemen who wanted to make as much money as possible.
“For example, in one village, these MFIs gave money to buy buffaloes, but they didn’t know if that money would actually be used to buy buffaloes,” says Santosh over the phone from a small village in Rae Bareilly in eastern Uttar Pradesh, where he runs one of 13 centers that teach rural youth the skills they need to work in the construction industry.
“Eventually, a few of these MFIs admitted that they were in the business of lending money and getting interest instead of making people a living,” says Santosh, who was already leaning toward the idea of making people a living.
“The second thing I wasn’t sure about was that, even though MFIs gave money to a lot of women, they didn’t help the many young boys and girls I saw in the villages I went to,” he says.
Then he started to think about what he could do to help young people in rural areas get jobs. He talked about his idea with two friends: Shailendra Ghaste, the managing director of IDFC Capital, and Vikram Reddy, the director of KMC Construction, an Andhra Pradesh-based construction company. Soon, Santosh’s good idea started to come to life.
Santosh Parulekar tried to find jobs for young people in rural India who didn’t have work. Santosh Parulekar quit his comfortable job with a bank in the West and started Pipal Tree Ventures to improve his skills and push himself while working in rural India.
He started an organization called “Pipal Tree” to help teenagers get formal training and get jobs where they can be trusted all over the country. Since 2007, Pipal Tree has trained more than 1,500 specialists. In the coming years, it plans to open learning hubs in India.
Santosh Parulekar busts myths and fires a shot at the “even though I’m a woman” jokes by showing how women who work on building sites in India add much-needed muscle to the business. Compared to male measurements, absenteeism is very low, profits are higher, and, most interestingly, income is used to help the family socially and financially. The ideas for men are way out of this world.
They do great work as general project workers, especially in areas like plumbing, painting, tiling, electrical work, water proofing, false ceilings, and more.
The main goal of the organization is to do good work at a reasonable price.
Australia’s Technical and Further Education (TAFE), the International Association of Plumbing and Mechanical Officials (IAPMO), and the National Skill Development Council (NSDC) help them prepare.
Their clients include Tata Housing Development Company Limited, Shapoorji Pallonji, Simplex, L&T, Godrej, Lodha Group, Janapriya, Kalpataru Group, Ashford, Man, NCC Reality, Ramky, and many more.