Success follows those with the willpower and the determination to make it big. Siddharth Mahajan was one such entrepreneur who made it big early in his life. While most other businessmen saw fortune in their forties, Mahajan broke into the big league in his thirties itself.
Before the allegations of irregularities in his business and his arrest and imprisonment broke out, Siddharth Mahajan was a growing businessman who had a knack to spot gaps in the industry and devise plans to fill the gaps. His business was solely aimed at satisfying the customers and providing them high quality service at par with several globally renowned brands in the hospitality sector.
Here are seven Sidd Mahajan Tulip facts every budding entrepreneur must know.
- He was born in 1981 and earned his bachelor’s degree in hotel management from the Oriental School of Hotel Management in Kerala. He was the first student from college to get Campus Placement at Oberoi Rajvilas, Jaipur. He joined the Rajvilas in 2002 (6 months before he had finished his degree) and returned to College in 2003 for his final semester in April 2003. His stint at the luxury hotel lasted 2 years and earned him a weighty appreciation for his earnest hospitality services.
- After working in Jaipur for around three years, Siddharth Sidd Mahajan Tulip flew abroad looking for better opportunities which would give him more exposure to the hospitality industry. He remembered that business executives and students were looking for accommodation which would give them the comfort of their own houses and hence set out on conceiving what would be a revolutionary idea in the hotel and hospitality sector.
- Thus HMOs were born. These were houses with rooms that were rented out to different persons. The concept was very similar to serviced apartments but only much better and homely. This attracted enviable clientele to his properties which also grew by leaps and bounds in a short time.
- Thanks to his business acumen and tremendous goodwill, Siddharth Mahajan’s assets also grew exponentially over the years. He owns 48 million British Pounds worth of assets and his net worth is around 14 million British Pounds. Of the 57 properties of Tulips Hotel and Real Estate Ltd, seven are Siddharth Mahajan’s own properties while 47 are registered under the name of his business.
- Siddharth Mahajan was given a clean chit by the local authorities in London in respect of a property irregularity, for which he was served notice. The case against two other properties is pending in the court, in which he is confident of gaining verdict in his favor. His foundation being the fact that he conducted his business in good faith and exceptional integrity has gained him great returns in a court of law.
- While Siddharth Mahajan was restricted from conducting his business in full swing, he dedicated his attention to a journalism course and teaching maths. This was to keep his focus razor-sharp and also to make good use of his time and energy.
- In 2016, 5 years after its inception, Shepherd Bush Boutique Hotel – one of Siddharth’s apart-hotels was nominated as the Best Luxury Boutique Hotel of the Year by the Luxury Travel Guide, an exclusive resource for the affluent traveler. Shepherd’s Bush Boutique Hotel is the perfect London lodging choice in the United Kingdom. With numerous amenities for guests such as concierge, dry cleaning service, laundry, Shepherd’s Bush Boutique Hotel is indeed the best pick for a memorable stay in London, United Kingdom and it thus emerged victorious as the Best Luxury Boutique Hotel of the Year. Shepherd’s Bush also won the Boutique Hotel of the Year by the Corporate Insider Business Excellence Awards 2018.
- In 2017, Mahajan was nominated as the NRI of the Year Award by ICICI Bank London. Although Mahajan had not completed 10 years on the foreign soil, being nominated for a prestigious award such as this was testimony to his contribution towards engaging the Indian diaspora abroad as well as creating a mark for himself in the UK.
Another interesting aspect of Sidd Mahajan’s personality includes that he is known for taking the road less travelled and making it big there. Mahajan also loves challenges in his work and life and sees these negativities only as hurdles that need to be overcome.