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15 Best Small Business Ideas In Pune With Low Investment | 2024

Updated On: July 9, 2024

Best Small Business Ideas In Pune

Pune, India’s IT hub and a major center for IT, education, and manufacturing, is known for its immense economic development. With diversity in various fields, Pune provides you the opportunity to set up a revenue-generating and low-investment business.

Moreover, the dynamic market and fast-paced economy of Pune make it suitable for startups and small-scale businesses. Many successful startups, like Firstcry, Xpressbees, Fitter, AgroStar, etc., have been started in Pune.

This article will enlighten you with 15 low-investment business ideas in Pune, allowing you to choose the most suitable one. Apart from these, numerous business opportunities in Pune can offer immense profit and growth even with less investment. Before exploring the business ideas, we will discuss how to select which business idea is ideal for you. 

Things to Keep in Mind Before Choosing a Business Idea:

Starting a business or even choosing a business idea is not a walk in the park; one has to be very specific before taking action. You need to plan strategically and keep various factors in mind before choosing the correct idea for your business. Let us talk about some of these factors in detail:

  1. Availability of Resources: The growth of your business will depend on the resources available to operate it. You must assess the resources required to launch and sustain your business idea. The lack of proper resources can become a hindrance to your new venture. Research the resources required for the business ideas and settle for the one that fits best with the available resources. 
  2. Startup Cost and Funding: The most important criterion before selecting a business idea is the requirement of initial capital and funds to start a business. Prepare a rough estimate of all the possible costs for the potential business ideas. You should check how much you can invest and look out for options like angel funding, venture capital, crowdfunding, bank loans, and more.
  3. Your Interest and Background: While selecting the business idea, ensure that the idea aligns with your interests, skills, and background. Because without your passion and determination for business, it won’t last long. You need to love what you do and should also have a proper understanding of the industry you are choosing to operate in. When you choose any business idea, you must have the proper skills and knowledge about it.
  4. Test Your Idea: Before allocating resources and implementing your business, test the business ideas to understand the functionality and scalability of the idea. You can do sample testing, small-scale launches, A/B testing, prototype testing, and more. It will help you to assess market demand, gather feedback, and improve your business idea and plan.
  5. Consider profitability: The final factor to check before closing the business idea is profitability. The business idea in which we are investing our money, skills, and time must be fruitful and profitable. 

Top 15 Small Business Ideas In Pune

1. Coaching Classes

Do you know that Pune is referred to as the “Oxford of the East” because of its prestigious educational institutions? From state to central, engineering to medical, you can find every type of institution in Pune. Nowadays, students are dependent on coaching centers for education, and Pune, being an academic hub, offers you the opportunity to start your coaching centers, especially for higher secondary classes and competitive exams.

Home-based coaching or online coaching can be one of the great low-investment business ideas in Pune. Even if you want to open a proper coaching center at a rental place, it won’t take more than a 10–20 lakh investment.

Coaching Classes - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 15-20 lakhs
  • Resources: license, location, blackboard, benches, chairs, tables, teachers, practical equipment, etc.
  • Approximate Profit Margin: 25–40%

2. Day-Care Centre

Nowadays, in Pune, many families have working parents due to modernization and changes in their way of life. Hence, several nuclear families are reliant on daycare centers or playschools to take care of their offspring. This makes daycare centers a worthwhile business idea in Pune. In the initial stages, you can set up a care center in a small portion of your home with limited fun and engaging equipment.

After a certain growth of your center, you can rent a physical space to create a safe and nurturing environment for the kids where they can learn and play together. Daycare centers can be substantially rewarding with minimal investment.

Day-Care Centre - Small Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 10–20 lakhs
  • Resources: certificate, registration, baby toys, play equipment, educational materials, hygiene supplies, etc.
  • Approximate Profit Margin: 5–10%

3. Event Planning and Management

Pune is a city bustling with cultural, corporate, and social events throughout the year. In the busy lifestyle of Pune, no one has time to plan and organize an event, but they want their events to be great and fun. This is where the need for professional event planners arises, making this an outstanding business idea in Pune.

You can start by organizing small parties like birthdays and anniversaries before setting up your foot in corporate events and weddings. Assemble a team, make an attractive website showcasing your ideas, contact local vendors for the needed material, and start looking for proposals to start your event planning and management business.

Event Planning and Management - Best Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 10–15 lakhs
  • Resources: licensed facility, event decor, catering services, vendors, transportation, audiovisual equipment, event management software, marketing materials, and a team.
  • Approximate Profit Margin: 10–30%

4. Home-Based Tiffin Services

Another profitable, low-investment business idea in Pune is to set up a catering or tiffin service. This idea is suitable for homemakers or people who love cooking. A lot of people who relocate to Pune for their jobs and study yearn for home-cooked food and are ready to pay a decent amount to get a tasty and good-quality meal.

That’s why tiffin services can be a flourishing business concept in Pune. With a low investment, a few workers, and delivery platforms like Swiggy, Zomato, and UberEats, you can launch your home-based tiffin services effortlessly. This business idea has been successful in many cities and will generate substantial revenue in Pune too.

Tiffin Services - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 50,000–1 lakh
  • Resources: a well-equipped kitchen, cooking ingredients, packaging materials, delivery vehicles, storage containers, hygiene certifications, etc.
  • Approximate Profit Margin: 20–40%

5. Bike and Car Rental Services

Starting a bike and car rental service in Pune can be a beneficial business idea, especially for people who own various vehicles and want to earn money from them. With the drastic growth in the population of students, professionals, and tourists, there is a demand for transportation in Pune.

Apart from normal vehicles, add a new dimension to your business by focusing on battery-operated cars and motorcycles. These e-vehicles will appeal to eco-conscious customers and contribute to Pune’s ecological benefits. Also, the charges for e-vehicles are lower, and you can even open charging stations for extra revenue.

Bike and Car Rental Services - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 20-30 lakhs
  • Resources: vehicles (bikes and cars), insurance, maintenance tools, rental agreements, customer service infrastructure, online booking system, parking facilities
  • Approximate Profit Margin: 10-30%

Read More: Best business ideas in Hyderabad

6. Customized Gift Shop

A customized gift shop can be a great small business idea in Pune with low investment. Personalized gifts are always in demand for various occasions, like birthdays, anniversaries, farewells, festivals, and more. You can include low-budget items like gift cards, pen sets, snacks, flowers, home decor, tabletops, wall art, wall hangings, decorative drawings, clocks, t-shirts, custom-made mugs, frames, soft toys, and other items.

To make your business distinct from others, you can collaborate with local artists and craftsmen from Pune. The business can be started from your home with less investment. By utilizing local online platforms and social media, you can boost your business without incurring high costs and earn a significant amount of revenue.

Customized Gift Shop - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 2-5 lakhs
  • Resources: a variety of gift items, customization tools (such as printers or engraving machines), packaging materials, display shelves, etc.
  • Approximate Profit Margin: 20-50%

7. Technical Support Services

Technical support services refer to providing support with technical products such as hardware and software. Known for its thriving IT industry, Pune offers the opportunity to establish a technical support service business.

Some various ventures and startups will need assistance for technical support, making this business idea lucrative and highly profitable for the owners. One can easily get a solid client base due to the growing demand for tech support. In the initial stages, you can start with a small investment and even opt for a loan, as once the business flourishes, you can easily repay the loan and even earn profits.

Technical Support - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 5-20 lakhs
  • Resources: office space, computers, and software tools, technical staff, troubleshooting resources, backup solutions, etc. 
  • Approximate Profit Margin: 15-40%

8. Spa and Wellness Center

People are now being more aware of self-care and wellness. They want to escape their hectic schedules for a while and want to relax with a calming spa session. In a city like Pune, where people are always hustling, opening a spa and wellness center can be highly beneficial and profitable. You can start by providing services like massages, facials, aromatherapy, and hair treatments.

Spa and Wellness Center - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 15-20 lakhs
  • Resources: physical land, license, massage chairs, shampoo stations, shower supplies, steamers, staff, storage places, office equipment, like a front desk, chairs, and point-of-sale devices
  • Approximate Profit Margin: 10-15%

9. Nursery Shop

A nursery shop is another great business idea in Pune. Due to urbanization, people are yearning for greenery and, hence, opting to set up small home gardens.

By opening a nursery shop, you can offer various types of plants, seeds, gardening tools, and accessories that can attract both seasoned gardeners and beginners. With minimal initial investment, you can set up a nursery shop in Pune.

Nursery Shop - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 8-10 Lakhs
  • Resources: Rental land, permits for land, agricultural licenses, farming equipment, a variety of plants, seeds, and saplings, fertilizers, staff
  • Approximate Profit Margin: 5–15%

10. Food Truck

Pune is known for its finger-licking street food that every professional, student, tourist, and even food aficionados crave. You can open a food truck with a lower investment than a kiosk or restaurant.

With the food truck, you can deliver delectable cuisine to people on the go. Even so, you can move your food truck to any desirable place where demand is high.

Food Truck - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 8–10 Lakhs
  • Resources: license, vehicle, raw material, cook, cooking equipment, cutlery, etc.
  • Approximate Profit Margin: 15–30% 

‍Read More: Business Ideas in Kashmir

11. Yoga Classes

Offering yoga classes can be a profitable, low-investment business idea in Pune. With increased awareness of physical and mental health, more people are being drawn to yoga.

Here, you can take advantage by starting yoga classes that won’t require much investment and can be started from home, online, or even in community places. If you are an instructor, then well and good; otherwise, you can hire one for your classes.

Yoga Classes - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 5–10 lakhs (depending on the location)
  • Resources: certificate, registration of classes, rental space, yoga mats, blocks, straps, trainer,
  • Approximate Profit Margin: 10–25%

12. Chikki Making Buisness

Chikki, a popular Maharashtrian treat made up of nuts and jaggery, is loved by the people of Pune, allowing them to start a chikki-making business. Using good-quality ingredients, local staff, and proper packaging, you can make and sell chikki with minimum investment through local businesses, social media, eCommerce quick-commerce platforms, or stalls in festivals.

Chikki Making Buisness - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 5 –10 Lakhs
  • Resources: license, raw materials like nuts, jaggery, sugar, ghee, and more, equipment, staff, packaging material, etc.
  • Approximate Profit Margin: 20–50%

13. Coffee Shop

Everyone wants to enjoy coffee and relax after a busy day. In a bustling city like Pune, where people are constantly on the move, starting a coffee shop can be a highly profitable venture. Unlike restaurants, you don’t need a huge investment to start a coffee shop.

Coffee Shop - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 15-20 Lakhs
  • Resources: license, space, raw materials, staff, chairs, tables, coffee machine, staff, cutlery, etc.
  • Approximate Profit Margin: 15–25%

14. Real Estate Broker

Being a real estate broker in Pune can be an excellent venture because of the increasing demand for residential and commercial properties. A huge number of professionals and students relocated to Pune and would need accommodation.

You can easily build a huge client base by providing affordable yet promising residential properties. Even you can deal with commercial properties to help people who want to set up their businesses.

Real Estate Broker - Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 2–3 Lakhs
  • Resources: registration, certificate, communication skills, a rental space, laptop, etc.
  • Approximate Profit Margin: 20–25%

15. Pet Grooming Center

Many families and individuals own pets in Pune, but they don’t have the time to provide them with the needed grooming. Opening a pet grooming center can be a starting business in Pune with less investment.

You can start offering services like bathing, grooming, and nail trimming, and even take care of them in the absence of their owners. Also, make sure to keep pet products at your store to generate extra revenue.

Pet Grooming - Best Business Ideas In Pune
Small Business Ideas In Pune
  • Required Capital: 15–30 lakhs
  • Resources: registration, space, pet food, pet grooming essentials, grooming table, cages, bath equipment, toys, etc.
  • Approximate Profit Margin: 30–50%

Read More: Best business to start in Bangalore

Conclusion

Are you excited to kickstart your business using these business ideas in Pune? The above-mentioned 15 business ideas in Pune can be undertaken to begin your business journey in Pune. All these business ideas are profitable if managed and implemented strategically. Make sure to choose the idea that aligns with your skills, interests, and goals. With your determination, hard work, planning, and innovation, you can seamlessly start your business and make it profitable in a short period.

Frequently Asked Questions (FAQs)

1. Which businesses are mostly profitable?

Below is a list of a few businesses that are mostly profitable and require less investment:

  • Coaching Centre
  • Bookkeeping
  • Digital Marketing
  • Food Truck

2. Can we start a business in Pune with just Rs. 20,000?

Yes, we can start the following business in Pune with just Rs. 20,000:

  • Handmade Candles
  • Day Care Services
  • Mobile Repair Shop
  • Customized Gift Shop
  • Flower Shop

3. What are some tips for choosing a business idea?

The following are some tips on how to choose a business idea:

  • Determine your passion
  • Brainstorm some ideas
  • Look out for funds
  • Research about competitors
  • Predict market trends
  • Test your business idea
  • Analyze profitability and scalability 

4. Why is Pune suitable to start a business?

Pune is the hub of IT, manufacturing, and education, all of which are growing sectors. You can also gain access to a range of resources, like diverse markets, skilled employees, investors, rental properties, and more. Hence, it provides an opportunity to start a new business. 

5. What is a zero-investment business?

A zero-investment business is considered a business that requires very little or no investment at all but requires skills, knowledge, and hard work. Some zero-investment business ideas are blogging, copywriting, affiliate marketing, social media management, and more.

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