"Remember to celebrate milestones as you prepare for the road ahead".
FOUNDING STONES
Jaipur rugs which started as Jaipur carpets were Founded in 1978 with just two looms and nine artisans, is not just an entity that makes hand-woven carpets that are exported to over 75 countries now, but it has become an institution of its kind that has revolutionized the carpet industry by creating an entirely new business model.
EMPOWERING WOMEN
The company currently works with 40,000 small artisans, and weavers and the fascinating part is that out of these,85 % are women. It's a major source of employment and livelihood for women's residing in rural areas.
Today, Jaipur Rugs is a global leader in the rug-making business and a living example of combining strong values with unrivaled products, a company that has the potential to create both economic and humanitarian benefits for everyone.
PRINCIPLES
NK Chaudhary who founded the idea of Jaipur Rugs in 1978, worked beside nine artisans on two looms. He started his business on the principles of dignity and integrity. Today, he is the successful entrepreneur behind one of the largest manufacturers of hand-knotted rugs and is often referred to as the ‘Gandhi of the Carpet Industry", which itself is a great deal.
Presently, he is a widely celebrated social entrepreneur who had gained success with innovations and creativity. His incredible life story has been featured in dozens of articles, essays, books, and conferences across the world and stands as an Idol to all those who want to earn profit and kindness together in business smartly and dedicatedly.
VOCAL FOR LOCAL
Jaipur rug's success adds many components such as making underprivileged rural artisans an integral component of its whole supply chain and thus empowering them to become not only self-reliant but also creating a full-fledged ecosystem where these rural folks feel proud to exhibit their entrepreneurial skills and which further motivates them to work creatively and uniquely.
Over the years, Jaipur Rugs has built an astonishing story for its brand which has created a distinct niche for itself in the global market. The company provides looms as well as raw materials at the doorsteps of these artisans and gets the hand-knotted carpets done as per its designs and specifications.
EXPANSION
The company expects to reach Rs 1,000 crore in revenue in the current fiscal as it plans to increase its domestic presence and explore more international markets. It aims to create 5,000 jobs by 2024 in both technical and non-technical domains, said Yogesh Chaudhary, director of the company in an exclusive interview with retail. Discussing the business model, Chaudhary said they ship the raw material to artisans in the villages of Rajasthan, Uttar Pradesh, Gujarat, Bihar, and Jharkhand, and after product completion usually, in about three months, it goes to their finishing center for final touches and from there it goes to various destinations.
In the last two years, it expanded its exports to 20 more countries taking its reach to 80 countries now. Also, it unfolded a monoband store in Milan, Italy in 2021 to cater to the increasing demand in the European markets. Demonstrating the impact of inflation on the carpet industry Chaudhary said, "Business sentiment was indeed down with the concern of inflation which is on an 8-year high." He appended that improvement in demand, relaxed Covid restrictions, sustained growth in manufacturing, and the rate of new orders have negated the impact of inflation.
Currently, the company uses wool, viscose, silk, and jute for making products. Most of its wool is sourced locally from Bikaner and some of it is sourced from New Zealand. Silk is imported from China and also sourced from traders within India.
THE DIFFERENTIATOR
For over forty years, Jaipur Rugs has been at the forefront in providing exclusive handmade area rugs made in India, straight from its artisans. Jaipur Rugs is also one of the highest-selling proprietors of handmade area rugs in the USA. Along with heritage, history, and a humanitarian connection, Jaipur Rugs brings one of the most diverse and biggest collections of handmade rugs made in India. Every rug in their store is an instance of the distinct high-quality handmade area rugs from India that are more than just pieces of decor. Jaipur rigs work on their USP as they provide complete assurance of online stores which gives customers a seamless shopping experience as they can seek the assistance of their virtual rug experts from their comfort zone. At Jaipur Rugs, customers can buy handmade rugs online at discounted prices and with a COD and EMI option as well.
"Ambition is the path to success. Persistence is the vehicle you arrive in."
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