Business Ideas In Maharashtra [Best Businesses In Maharashtra]

Maharashtra is one of the largest states of India that is the hub of many big industries. It is famous for its rich culture, delicious foods and beautiful beaches and hills. Mumbai, which is the country's financial capital, is a top contributor to the Indian economy. Many small workers and employees come to the state in search of jobs and employment. Maharashtra has a massive opportunity for startups and small businesses because of the growth in various industries. In this article, you will get to know about some best business ideas to start in Maharashtra that require little investment.

Here are some of the best business ideas for Maharashtra with low investment and good profit.

Best Business Ideas In Maharashtra [2022]

• Textile Business
• Organic Fruits and Vegetable Store
• Fast Food Centre
• Tourism Business
• Real Estate Agent
• Recruitment Firm
• Mobile Repair and Recharge Shop
• Bookstore Business
• Dance and Music Academy
• Grocery Shop

1. Textile Business

Maharashtra is one of the largest textile manufacturing states in India. The state contributes around 10.4 per cent to India's total textiles and apparel productionsHomepage. In Maharashtra, many locations are mainly famous for textiles mills such as Malegaon, Solapur, Bhiwandi, etc. There is an excellent opportunity of starting a textile business in Maharashtra as the state has great retail and wholesale textile markets and manufacturers. In Mumbai, many popular textile and apparel markets are famous for trendy and affordable clothes.

You can choose a particular niche in the textile business, such as jeans, t-shirt, shirts, traditional wear, etc. Furthermore, you can select only stitching, printing, and other garment-related work. Choosing a particular niche will require little investment, and it will help the business improve its awareness and growth.

Must Read: How to Start a Home Textile Business?

2. Organic Fruits and Vegetable Store

Maharashtra is one of the largest states to produce agricultural products in India. As per the statistics, Maharashtra's fruits and vegetable industry contributed around INR 372 billion to the Indian economy in the fiscal year 2018. Organic fruits and vegetables are in high demand as more people are becoming health-conscious and changing their eating habits for good. The daily turnover and profit margin of the organic fruits and vegetable business is profitable, and it doesn't require a significant investment.

In Maharashtra, there are many metropolitan areas in which people prefer organic foods more. With the increase in demand for organic fruits and vegetables, there is a massive opportunity for startups and small businesses to start this business in Maharashtra with little investment. You can either start your organic vegetables and fruits business from a store or sell it online.

Also read: How To Start an Organic Store Business?

3. Fast-Food Centre

The fast-food business idea is one of the best local business ideas to start in Maharashtra. Many domestic and foreign tourists travel to Maharashtra to taste its delightful street foods. Vada Pav is the most famous fast food in Maharashtra. Apart from vada pav, pav bhaji, misal pav, poha are some of the popular fast foods. A fast-food centre in Maharashtra, including all the famous street foods and fruit juices, never fails to generate huge profits.

To start a fast food business in Maharashtra, it is crucial to have adequate space in a crowded location, such as near a railway station, schools, colleges, markets, etc. Many online delivery companies can help your fast food business grow reach and awareness in a particular location.

Also read: Manufacturing Companies in Nashik

4. Tourism Business

Maharashtra is famous for its tourist attractions and Maratha culture. Many foreign and domestic tourists like to visit Maharashtra because of its historical monuments and beautiful nature. In 2014, Maharashtra was the second most visited state by foreign tourists and the fourth most visited by domestic tourists. Maharashtra has many popular religious places, hill stations, and great historical monuments where foreign and domestic tourists like to see.

The tourism business is one of the best Maharashtra business ideas with many tourists visitors throughout the year. You can either start your travel agency or become a tour guide and help visitors learn about the city's culture and history. Starting this business doesn't require a huge investment. However, having a good knowledge of tourist spots is essential.

Also Read: How To Start Tour And Travels Business In India?

5. Real Estate Agent

The real estate sector is one of the fastest-growing sectors in Maharashtra. The market for both renting and buying homes is enormous in the state. Upcoming infrastructure projects like metro, airports, and highways will improve the connectivity within the state. Because of improved connectivity and necessary facilities, the number of home buyers is increasing in the state. State and central governments are providing benefits and schemes to boost the real estate sector's growth in Maharashtra.

If you have a good knowledge of your neighbourhood and have a decent network, starting a real estate business in Maharashtra would be the best option for you. To start a real estate consultancy business, you can apply for a license and search for an office space. However, you can also operate the business from home and list your available properties online in the different real estate portals.

Also Read: How to start a real-estate business?

6. Recruitment Firm

Starting a recruitment firm is another of the best business ideas in Maharashtra. In Maharashtra, many multinational companies and industries tie-up with job recruitment firms to hire employees. Recruitment firms help big companies to find the perfect employee for a particular designation. The recruitment staff analyses the candidate's profile and takes the interview to know if they are suitable for the specific job role.

As a job recruiter, you would help employers and employees as there are many unemployed employees seeking jobs in Maharashtra. Starting a recruitment firm is not difficult. You need to have tie-ups with different companies and have a good network in the job recruitment sector. You can list jobs on online job portals or offer jobs through direct messages or emails.

Also Read: How To Open A Recruitment Agency?

7. Mobile Repair and Recharge Shop

Most of the mobile repairing and recharge shops are always crowded with customers as mobile phones usually get damaged often and many people do not know how to recharge their network plans online. It is a low-investment small business that generates good income.

To start a mobile repair shop, you can pursue mobile repair or a mobile engineering course online or from nearby institutes. Starting a mobile recharge and repair shop in rural areas and villages is more profitable. With mobile repairing and recharging, you can also sell some mobile accessories like earphones, headphones, chargers, etc.

Also Read: How To Open Automobile Repair Shop?

8. Book Store

Book stores are another best small business in Maharashtra that requires little investment. In Maharashtra, many cities like Pune and Mumbai have many educational institutions for professional studies. According to the 2011 census data, the overall literacy of Maharashtra is 82.34%. The number of schools, colleges, private coaching, etc., is vast in Maharashtra. Students from different states of India come to Maharashtra to pursue higher studies.

The bookstore business in Maharashtra is profitable as the education industry is massive in the state. You can offer used books to the students at a lower price than a new book. Opening a bookstore near schools, colleges, or any educational institute is more profitable.

Also Read: How to start a book house?

9. Dance and Music Academy

Maharashtra's entertainment industry is one of the top contributors to the states and the country's economy. Mumbai is home to the Bollywood industry; thus, many dancers and singers come to Mumbai to start their careers. Having the Bollywood industry in a state makes the idea of starting a dance and music academy, one of the best small business ideas in Maharashtra.

You can hire talented dance and music teachers to start the business. Having an academy in a sophisticated environment with adequate space is crucial to attracting more students.

Also read: Manufacturing Companies in Nagpur

10. Grocery Shop

Grocery shops remain in demand all the time. You can set up your grocery business near residential societies or in the market. The grocery shop business is one of the businesses that grow quickly and generates high income.

According to the investment available, you can search for a commercial shop and buy all the essential grocery items. You can also run your grocery business online with the help of a website or an app.

Further Read: How to start a grocery store?

Conclusion

There are many different business ideas with low investment to start in Maharashtra, apart from the ideas mentioned above. According to your budget and location, you can choose to start a suitable business for yourself. You should learn the market and competitors before starting any business to avoid business failures. Having an interest in a particular business will help you be patient and strong in the business's bad phases.

Also Read:

1) Best Business In Mumbai
2) Best Business In Pune
3) Manufacturing Companies In Aurangabad
4) Manufacturing Companies In Mumbai
5) Manufacturing Companies In Pune

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FAQs on Best Business In Maharashtra

Q. What are some of the major industries in Maharashtra?

Ans. Electronics, automobiles, textiles, chemicals, pharmaceuticals, etc.

Q. What are some of the best cities in Maharashtra for business?

Ans. Mumbai, Pune, Nashik, Nagpur, Navi Mumbai, Aurangabad, etc.

Q. What are some of the popular tourist spots in Maharashtra?

Ans. Gateway of Mumbai, Ajanta and Ellora Caves, Juhu beach, Chhatrapati Shivaji Maharaj Terminus, etc.

Q. Which is the richest district in Maharashtra?

Ans. Mumbai