Niranjan will start the plant in global manufacturing hub Tirupur. "The big companies see money in the urban areas, while I plan to concentrate on rural areas. I can sell each napkin for around Rs 3-4 which is about half the cost for such a product from an FMCG major," he says. His idea needs 1 Crore to take flight and the Tamil Nadu government has already approved 25lakhs for this project.

#4 Ajusal Sugathan & Achin Agarwal

Ajusal Sugathan and Achin Agarwal are alumni of IIM Bangalore. Their startup called Hedge Quants specializes in quantitative trading and investment strategies across Indian equities, fixed income, currency, volatility and derivatives.

"We have developed seven to eight models and our simulation tests show we can predict market movements," says Ajusal Sugathan.

"Unlike the West, Indian markets do not use the algorithm-based trading method, but our live simulations have shown good results," adds Sugathan.

Hedge Quants is tied up with Kolkata based brokerage firm Shivmangal Securities on a profit sharing mode.

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