The ancient city of Hyderabad serves as the capital of the southern Indian state of Telangana. The town is bipolar by the account of development.
The old part of the city is everything you would expect from an ancient Indian city; narrow streets thronged with markets, wandering animals, colors, old architecture, rickshaws, and a whirl of noise.
On the other hand, the younger part of the city is relatively high-tech. Since the 1990s, this city has expanded into the modern world with its accouterments of glittery malls, multiplexes, clubs, pubs, and funky restaurants.
28 Best Business Ideas in India
Hyderabad is the largest contributor to the GDP, tax, and other revenues of Telangana’s Indian state and the fourth largest credit center nationwide. From small tea stalls to large Indian enterprises, Hyderabad is a hive of business activity.
Moreover, Hyderabad is a famous tourist attraction. It is the home to some of the world-famous landmarks and heritage buildings, showcasing marvelous relics of a diverse array of architectural styles. Inheriting a rich culture, it is famous for its literature, arts and handicrafts, pearls and jewels, music, films, and above all, its cuisine.
You will find numerous business ideas in this city, but it is not easy to establish a business here. You need a business idea that has a reasonable growth rate, is unique and profitable.
Hyderabad is a place where there are always a lot of businesses that open every day with a unique concept. This article talks about which company is best to start in Hyderabad, India — and by the way, good luck with your small business in Hyderabad.
1. Wedding Planners & Photography Ideas For Hyderabad
It is a well-established fact that Indians go big on weddings. A business in wedding planning can prove to be highly lucrative. It is up-to-date with the latest trends in fashion, décor, styles, colors, food i.e. almost everything under the sun.
In addition, you need to fully understand and balance your customer’s demands and budgets at the same time. A little skill in photography can add more money to the business.
2. Catering Business:
Party people always look for good catering service. Moreover, Indian festivals are rich and many in number.
If you are good at providing good food and catering service this could be another good business idea. It has the potential to expand from a small, low-investment business to a large catering firm.
3. Tailoring Business:
Tailoring business is a very profitable business idea. Having acquired the skill of tailoring, you can even start the business with just one sewing machine and expand it to a large tailoring house, hiring tailors as employees.
4. Restaurant/ Food Truck:
Quite naturally, people love to eat no matter what their financial situation is. Moreover, Hyderabadis are food-lovers.
Hence, owning an eatery or a restaurant is one of the most successful and lucrative business ideas. Moreover, if your restaurant is mobile, you can target a different audience by moving around the city.
5. Poultry Business For Hyderabad
To be in the poultry business, you need land, capital, and equipment. However, you can start out with a small capital and expand your business to large poultry farms.
6. Hand-Made Crafts Shop:
Hyderabad is famous for its handicrafts. You can own a handicrafts business with which you can target the local customers and the tourists.
7. Grocery Delivery Service:
People these days, especially in the urban areas are short of time. A business that delivers their groceries at their doorstep can become very popular amongst the customers, as it provides them with convenience and saves their extra time.
In addition, you can collaborate with different companies as sponsors, adding more money to your business.
8. Sweet Shop:
A business in food is almost always profitable. Sweets are a popular treat in Hyderabad, this may be a good business idea. However, you will face a lot of competition.
9. Antique Dealing/Business:
The city of Hyderabad is famous for antique ware. A hefty investment is required to start such a business as it is a luxury business. Antique dealership requires experience and a good eye for the products.
10. Jewelry, Stones & Gems Business:
You may not have enough cash to invest in a physical jewelry shop, but with a little exploration of the local market, you can get into a big business. Go to local jewelers and talk to them about becoming their affiliate, whereby you sell their products and on each sale, you get your commission. Get a bunch of jewelers on board, build a website with your own brand name, and sell third party jewelry online.
It’s always good to have your own packaging, but if it doesn’t seem to be profitable, initially, you can opt for dropshipping from the jewelers too!
11. Electronics Repair:
Electronic devices have become a necessity in every house. And by virtue of their nature, they break down and need repairing every now and then. With a little experience and study of these devices, you can set up a business that repairs devices and sells second-hand electronics.
12. Tour Guide/Tour Agent:
Hyderabad, because of its famous historical buildings, the highlight being the five centuries-old Charminar, attracts tourists worldwide. So if you live in Hyderabad, and you know the area well, you can set up a business starting as a personal guide. It has the potential of producing an income that can exceed $50,000 annually
You may need a specific license to set up a pharmacy. A lot of investment is required to start this business, and there is a lot of competition out there in the market.
14. Second Hand Book Shop:
Book shops bring regular customers. You can start with new books in the house and set up a small book shop. Make your shop known for a specific category (or two) of books, having some first editions for sale. Maps, illustrations, postcards, greeting cards, and magazines are good sidelines to include in your shop.
15. Custom-Made Gifts Store:
Custom-made gifts are always special. This business can flourish with the right marketing and quality assurance.
16. Vehicle Rental Service:
An attractive business idea is a rent-a-vehicle service. You can keep vehicles like bicycles, cars, motorcycles and rent them to your customers for some time.
17. Recruitment Firm:
As unemployment is increasing, there is a large demand for a recruitment firm. You can kick off this business with minimal investment.
18. Website Designing:
The internet today is widely being used for businesses, online marketing, freelancing, and online trade. The field of web development is growing and flourishing worldwide.
As the web comes with easy access, the demand for website designers is increasing by the day. It is a career-based lucrative business idea that can financially make you stand out from others.
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19. Beauty Salon:
Usually, salon owners have a wealth of experience in the beauty industry and are fully-qualified beauty therapists. Many salon owners will also have management training to effectively manage the business. However, if your background is not in beauty, you don’t necessarily have to rule it out. It is possible to employ a beauty therapist as a day-to-day manager as a partner. It may be a hefty investment in the beginning but it has the potential to pay off.
20. Competitive Exam Coaching Centre:
As the competition in education is increasing, its cost is also growing. Parents want their children to be educated in a competitive environment, expecting the best possible results. Opening a coaching center for students has enormous opportunities and expansion possibilities. You may need a small place and skill to start this business.
21. Property Management:
Property management can prove to be a very profitable business. You can start this business if you have an investment capital of $500. Adequate sales and marketing skills are needed to be successful in this business. The company can achieve break-even status within a month and expect a gross profit of around 50 percent.
22. Software Company:
The possibilities in this field are vast and wide, as it is increasing. Owning a software house is a profitable and expandable business idea that can generate high revenues as the demand and use of software increases every day.
23. Match Making:
It is no secret that marriages consecrate in heaven but celebrated on earth. So, to celebrate weddings, many people, especially in Indian culture, go for match-makers. In today’s scenario matchmaking is a good business option to start with. You can flourish in this business if you are good at forming connections with people. Moreover, it requires almost zero investment yet the turn-over is excellent.
24. Movers and Packers (relocating services):
You can think of starting a business of packing and forwarding which can turn in to good business opportunity. Moreover, you can offer temporary storage to the customer and charge for it. This business idea has high chances of expanding as there currently aren’t many relocating services in Hyderabad.
25. Mini Cinema House:
Films, movies, and music are popular not only in Hyderabad, preferably all over India. You can start by owning a small cinema even in an unused area of your home. Feature the classic choice and offer features that big cinemas do not, i.e. timings, pricing, less crowdy environment, special meals and whatever else your customers may find awesome!
26. Restaurant Delivery Service:
Before, we mentioned the idea of delivering groceries for people. But, there is also the option to become a restaurant delivery service. I’m sure you’ve heard of Uber Eats, DoorDash, Grubhub, and more. If those businesses don’t have a massive presence in your area, why not start your own?
You can partner with businesses that would like to boost their traffic. If people can reach them through your service, that will increase the number of customers. Leverage this by charging a service fee from both the user and the restaurant. Once it’s all set up, you’ll be the liaison between the restaurant and the customer. Help place orders, pick up the food, and deliver it safely to the recipients for the best results.
27. Event Planner:
In India and everywhere else, the family is everything, and friends are essential to a happy life. So, why not become a part of people’s celebrations with their loved ones, and help bring people together? Become an event planner.
Events can be whatever you want them to be—advertise your services for whatever niches you feel most comfortable organizing. Help people plan their weddings, birthday parties, celebrations, and more!
28. Airbnb/Vrbo Host:
If you own a Hyderabad house, you’ll know that there is always a demand for Airbnb hosting. With the increasing tourism to the city, you’ll be keen on offering up your space periodically—for a fee.
If you think you’d make a good landlord, you should seriously consider listing your space on Airbnb or Vrbo. The apps will do most of the organizing for you, so your main job will be to communicate with renters and make sure everything is for their stay. Maintain your space before and after each guest comes and goes. You could have a convenient extra stream of income on the side in no time!
So, if you’re saying to yourself, “I want to start a small business in Hyderabad,” you now have over 25 ideas to begin your research. Get out there and start your businesses!
We wish you the best of luck. Thanks for reading, and we’ll see you next week with another helpful article for entrepreneurs.