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From School Dropout to Global Leader: Meet Self-Taught Engineer Who Built Billion-Dollar Company Backed by a Legendary Cricketer, Partnered with Rolls-Royce and DRDO; His Business Is...
Rakesh Chopdar Azad Engineering Success Story: Rakesh Chopdar’s failure to pass the 10th grade once led to him being labelled a failure and incapable in school. However, he later proved that passion and hard work are far more important than a degree when it comes to achieving success.
While working in his father’s small factory, he gained hands-on experience in engineering and business. Without any formal college education, he transformed himself into a self-taught expert. His journey not only allowed him to establish his own identity but also resulted in the creation of a billion-dollar company. This is the inspiring story of Rakesh Chopdar, who turned his company, Azad Engineering, into a global benchmark of excellence.
Rakesh Chopdar: From Humble Beginnings
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Rakesh Chopdar began his journey in his father's nut-and-bolt factory, learning engineering skills hands-on. With no formal education beyond the 10th grade, he transformed himself into a self-taught engineer.
Rakesh Chopdar: The Birth of Azad Engineering
In 2008, at just 17, Rakesh overcame ridicule for dropping out of school and started Azad Engineering. With a second-hand CNC machine in a 200-square-meter shed, he set out to prove his critics wrong.
Azad Engineering Market Cap
Today, Azad Engineering is a market leader in aerospace and energy manufacturing, setting global benchmarks. The company achieved a market cap of around Rs 5,499 crore as of February 2024 reportedly. From a fledgling Rs 2 crore turnover company in 2008, Azad Engineering hit revenues of Rs 350 crore in 2023-24 with market capitalisation soaring to over $1 billion (Rs 8,300 crore) in less than six months of listing, as per reports.
Azad Engineering: Sachin Tendulkar’s Backing
The Hyderabad-based company gained significant traction after launching its IPO in December 2023, with cricketer Sachin Tendulkar backing the business.
Azad Engineering: Collaborations with Giants And Competitors
Azad Engineering has partnered with industry titans like Rolls-Royce and DRDO. Its groundbreaking work includes hybrid turbo-gas generator engines and high-performance turbine components.
Adding further, the Azad Engineering competes with companies from US, Europe, Japan, China and Korea, emerging as a key strategic partner to global original equipment manufacturers (OEMs) such as Rolls Royce, Boeing, Safran, GE, Mitsubishi, Siemens, Baker Hughes, Pratt & Whitney, Doosan, Honeywell, Eaton, Toshiba, among others.
Azad Engineering: Innovations Across Extremes
From producing parts for drilling devices operating 30,000 feet below sea level to aircraft components flying 30,000 feet above, the company caters to industries pushing physical and technological limits.
Azad Engineering: Overcoming the Odds
Rakesh's story is one of perseverance. From being labeled "incapable" to building a billion-dollar empire, he exemplifies how vision and hard work can conquer all barriers.
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