9 Most Innovative Business Models In India

BANGALORE: India is a developing country, may be it has attained peaks in sectors, as IT and e-Commerce, but it would not be wise to overlook the problems of poverty, unemployment and social securities. The need of the hour is innovative and sustainable business models and social enterprise models.

Fortunately, there are some people who think out of the box with their good intention of revitalizing the Indian society.

These people with their high enthusiasm and potential have come up with innovative models where they have engaged with the poor, the underprivileged as the client and brought about a dramatic change in their lives.  

Moreover, if nobility is also your prime concern then you can match up these 9 business models that transformed India, as compiled by Fast Company.com.

1. Unique Identification Authority of India

Key People: Nandan Nilekani

After a successful career at Infosys, Nandan Nilekani headed the Government of India's technology committee, TAGUP.  UIDAI, formed in 2009 is the world’s biggest biometric data capture exercise with an aim to deliver unique identification number to 60 crore people by the end of 2014.

The primary concern was to issue Unique Identification Number "Aadhaar" to residents of India who desire to have it.

The database stores the fingerprint and iris scans of the user to authenticate the identity. The unique 12 digit number can be linked to bank account of the user.  A total 450 million people have got their unique identification number so far.

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