The entrepreneur is also called ‘Organiser’ and  ‘The changing agent of the society’.
An  entrepreneur is a person who organises the other factors (land, labour and capital) and undertakes the risks and uncertainties involved in the production.
An entrepreneur is a person who decides
  • What to produce
  • Where to produce
  • How to produce
Characteristics of Entrepreneur
  • Identifying profitable investible opportunities
  • Deciding the location of the production unit
  • Making innovations
  • Deciding reward payment
  • Taking risks and facing uncertainties
  • He has great administrative power.
Now, let's know about some of the famous entrepreneurs from India.
Dhirubhai Ambani
Dhirubhai Ambani (\(1932-2002\)) is an Indian businessman who started simply by selling simple snacks to religious pilgrims. Today, Reliance Industries is India's biggest private company. Ambani's sons who run Reliance (Mukesh Ambani, \(63\), and Anil Ambani, \(60\)) are some of India's wealthiest people.
Nagavara Ramarao Narayana Murthy
Narayana Murthy is an Indian business person who co-founded IT giant Infosys with an initial investment of \(10,000\) rupees. He is often mentioned as the father of the Indian IT industry, serving as CEO of Infosys from \(1981\) to \(2002\).
Shiv Nadar
Shiv Nadar established HCL Infosystems in \(1976\) with an investment of a few thousand dollars, selling calculators and microcomputers.
Jehangir Ratanji Dadabhoy Tata
JRD Tata (\(1904-1993\)) was born in Paris to Indian and French parents. TATA groups owned nearly \(100\) different businesses across various industries.
Anand Mahindra
Anand Mahindra (born 1 May \(1955\)) is a managing director of Mahindra Group. His grandfather JC Mahindra co-founded the Mahindra group in Mumbai, India. Initially, it was founded as a steel trading company, but today the group has a presence in multiple sectors from agribusiness to aerospace.