Top 15 Business Ideas Under 10 Lakh in India

By Startup Authority January 19

Time and money are the only two things which need to be spent very efficiently. Whether buying something for yourself or starting a new business venture, spending proper time and money on these things is very important.

To get things in the right place conducting proper research is very important. Similarly, if you are planning or are willing to open a business and have a Rs 10 lakh budget then proper knowledge of the business you are willing to open is crucial.

Many people might have the budget to start a business within Rs 10 lakh in India but, they do not know what business to choose. Do not worry, here in this article, we will tell you about the top 15 business ideas that can be opened under Rs 10 lakh in India.

Bakery Business

A survey has shown that more than 70% of people in urban areas consume bakery products daily. Yes, there is a huge demand for various bakery products in our country as a whole.

Interestingly, one would surely be surprised to know that the most-consumed bakery food product in our country is biscuits.

It has become the most-consumed bakery product in India because of the innovation our bakers make. The more innovative you apply to your products the greater chances it becomes to people to at least try it out.

Before you start this business, make sure you have a proper business plan or you may check for . This is because there are so many bakery brands which are providing high-quality products at a very competitive price in the market.

Now, to start a bakery business 2-5 people will be required who will load and unload products. If you are planning for a small-scale business then the average investment would be between Rs 1-5 lakhs.

But, if you are willing to open on a medium scale then you can expect the total investment to be Rs 8-10 lakhs, alternatively, you can choose from Best Bakery Franchise in India.

Cafe Business

Now, cafe business in our country can be slightly expensive but, it all depends on the product you deal with. If you are only dealing with tea products then you can easily open a medium-scale cafe franchise business within Rs 5 lakh.

Unfortunately, the only major thing that plays a very significant role in this business is the location. You need to find a well-populated location to start a cafe business. Even if your location is by the street side it will work for you.

If you are willing to earn a good and long-term profit margin then starting a cafe business would not be a very bad idea. Once you start earning good profit from your existing business you can then expand your product range and locations.

On average, the profit margin of running a cafe business in India is between 5-15%. It all depends on how many products you are selling per day.

The more products you sell the more profit you earn. So, this is the reason why location plays a crucial role in the cafe business along with the innovation in products to attract customers.

Health and Fitness Centre

Promotion of leading a healthy and fit lifestyle in our country has become the latest trend. So many popular celebrities including the Prime Minister of our country are encouraging us to lead a healthy and fit lifestyle by doing regular effective exercises.

You can use this trend as your business and earn a good profit from the market. Additionally, after the COVID-19 pandemic, people across the country have become much more health-focused.

This is one of the reasons why so many middle-class people in our country are opening health and fitness centres in their locations.

Make sure to have a proper location, area, business plan, materials, licenses, and membership offers for this business. The more attractive offers and discounts you provide to customers the more customers will be attracted to your business.

If you are willing to start a medium-scale health and fitness business then that can be easily opened within Rs 5-10 lakh in India. From this business, you can easily expect a profit margin of 10-15% every month.

Mineral Water Business

In India, the mineral water industry is going on rising every year. So many people are buying mineral water only because of the unavailability of pure and clean water in many cities. You can use such an opportunity to not only earn amazing profit but, do something for society.

To start a mineral water business make sure you study the market properly. Most of the time, starting a mineral water business has never failed. The second step is to get your water source from where you can collect water purify it and then pack it for customers.

Additionally, do not forget to register your business and apply for all the necessary licenses for this business.

Some of the licenses that will be required for this business are the following:-

ISI Certificate from BIS
FSSAI Certificate
Pollution Control License
Pest Control License

Now, you will also require raw materials for the business. Make sure every necessary raw materials and pieces of machinery are brought for the business. Now, the total investment in setting up such a business is between Rs 8-10 lakh in India.

Juice Centre

One of the easiest and most profitable businesses on our list is opening a juice centre. I am surely not talking about the roadside street stalls but, a well and properly-established clean and hygienic juice centre.

We know, India is the land of summers. In this country almost there are eight months of summers and the rest are winters and monsoons.

So, the juice business will already work continuously for eight months straight and during the other months offering seasonable juices would surely bring in customers.

You can easily establish a small juice center where 15-25 people can easily sit within Rs 10 lakh in India. Make sure to get all the legal licenses and documents for this business. Other than this, in this business, 2-5 staff members will be required who will sit on the billing counter, one server, and two will prepare the order.

Now, the pieces of equipment in this business are very important. Here are some of the equipment that will be required for this business:-

Refrigerator
Glasses
Juicer
Large trash cans
Tissue papers
Knives
Cutting board
Chair
Table

Ice Cream Parlours

Starting an Ice Cream parlor business in India is one of the best businesses that one can open. It is because, we Indians are very fond of having sweet products and that includes ice cream. Ice cream with different and unique flavours along with original fruit on top of it is surely one of the best combinations.

Now, before you open a Ice Cream parlour make sure to know which format you want to open. There are so many formats such as cold stone, ice cream rolls, ice cream cakes, and many more. Once you choose a format and it becomes successful you can easily start other products in your business.

Now, the area required to start this business could be between 300-500 square feet. Within this investment, you will need to fit all the necessary items that would be required to make, store, and sell ice cream.

One can easily open an ice cream parlour business within Rs 5-10 lakh. If you are planning for a big scale business then that would surpass the budget.

Car Wash Business

In India, every day due to the high population and demand for cars lakhs of them are sold. I am sure every single one of them would love to keep their car polished and washed every day of the month.

This is where your business can come in and provide amazing service to these customers. In India, so many people feel lazy to wash their cars and many do not have proper space to do so. It is when they visit their nearest car wash station and get the work done and are ready to pay the amount they say.

To start a car wash company proper space and materials are very important. You must have at least the basic necessary materials for this business to run smoothly. Additionally, make sure you have proper licenses to start this business. One can easily open a car wash business within Rs 5-10 lakhs in India.

Catering Business

One of the most affordable businesses to start in India is a catering business. Anyone without having proper knowledge of this field can start this business can earn a good profit from it.

Additionally, if you are fond of cooking or love to stay around food then this can be the best business for you. India is a very large and growing population and there are so many occasions where catering services are required. This is where you can come in and serve the people.

Now, you must have all the cooking utensils and related to it for this business. The total investment required to start a medium-scale business is between Rs 8-10 lakhs. You can easily estimate an average profit margin of 10-30% in this business.

Gadget Repairing Store

The rise in using various technological products in our country has increased rapidly. So many people across the country are consumers of so many technological products which require service at some point in time.

The use of gadgets has attracted so many people across the country. This proves that there will be so many customers for your business when you start a gadget repairing store business in India.

But, in this business, you need to have some amount of technical knowledge. Additionally, people with full interest in the field will be able to operate this business very smoothly. You need to have proper tools to start this business and some of them are the following:-

Screwdriver
Screen opening tools
Cleaning tools
Tweezers
Flame glue remover and many more tools

Now, one can easily open this business within 150-250 square feet of the place. The total investment required to open this business can be between Rs 5-7 lakhs. One must ensure that they have gained all the documents and licenses to start this business.

Digital Marketing Agency

India has become one of the strongest growing economies in the world right now. The Indian digital agency market is growing rapidly in this market which is playing a vital role in the overall development of the country.

Now, you can start your digital marketing agency from your home as well. You just require proper space and team for this business and of course the investment budget. It can be started from anywhere becasue it works through social media, emails, websites, blogs, or other platforms.

It provides a good amount of return or profit margin to the owner. Some of the benefits of opening a Digital Marketing Agency are:-

Brand recognition
New ideation
Brand awareness
Product awareness
Content creation
Reliability

Art and Craft Business

You and the people you hire in this business need to be very innovative and creative. Skills along with creativity will matter the most in this business. Other than that, we know the demand for various arts and crafts products in our country.

Make sure to find your niche and target market to whom you will be selling your products. Once you get these right your business will start to boom at a very short span and you will earn good profit.

One can easily open an arts and crafts business within Rs 5-8 lakhs in India. If they are willing to open on a small scale then that would require very little investment.

Dance class academy

So many young people in our country are taking up dance classes and is willing to make it their career. Now, there are so many different types of dances in our culture which can be taught to the students willing to learn.

You must have proper dance knowledge to teach students who joins your class. Initially, you might be teaching one or two type of dance but, when your business slowly starts to take off you can add more dance types in your academy.

Make sure to apply for company registration for your dance academy so that you get proper recognition in the market. Additionally, to make your work much easier make sure to make social media profiles of your dance academy.

In this business, you will just require a big area where you can teach dance and some carpets. The total investment can range between Rs 5-8 lakhs.

Cloud Kitchen

This business is currently becoming quite popular in today’s market. So many chefs or housewives are conducting business from home by opening a cloud business. You just need to register with either Zomato or Swiggy and then start your cloud kitchen business.

These mediators will take 20-25% commission per order but, the rest of the percentage will be yours. Make sure you target the right market along with the right product and a reasonable price.

It will automatically bring you so many customers. The total cost of opening a cloud kitchen will depend on the food you choose.

Cake Making business

So many people have cake every day in our country. This is one of the reasons why the demand for cakes is rising every year. We must also keep in mind that the cakes we buy or get in the shops are very expensive so you can earn a good profit margin from it.

In this business, you will just require all the cooking and baking utensils and it can be started from anywhere. If you are willing to open a medium-scale business then it can easily be opened within Rs 5-10 lakhs. But, it would not be if you are planning for a big-scale business.

E-commerce business

Every day so many e-commerce websites or businesses are coming up in India. It is one of the most competitive businesses in our country today. If you are willing to survive in such a market then you need to offer something unique to customers in the market.

You can offer any products to customers using an e-commerce business. Make sure to do proper research and find out what problems customers are facing.

If you can solve a major issue through your e-commerce business then it is surely going to be a booming business. The total cost of opening this business would surely not cross more than Rs 10 lakhs.