16 Profitable BUSINESS IDEAS IN KOLKATA [HIGH RETURN]

1

Are you settled in Kolkata or are looking for business Ideas in Kolkata that you can start? If yes, then search no more as we bring you all the details.

Kolkata has been a hub of trading and a financial gateway for a very long time. It was an import trade center even during the time of the British raj.

Kolkata is still known as the commercial and financial capital of eastern India. Consisting of an international port, a major port, and many nationally and internationally reputed institutions and colleges providing highly skilled manpower.

Other than the conventional industry like tea, leather, small-scale manufacturing, garment, and more, Kolkata has witnessed an increase in the information technology sector that is promoted by foreign direct investment due to which there is a big opportunity created for the co-existence of several businesses. 

When it comes to starting a business in Kolkata, it is not always an easy start. Or what one would definitely need is great guidance. So we are here to tell you all about the kinds of business ideas in Kolkata that you can start with. 

It is tricky to obtain a trade license in Kolkata and Kolkata Municipal Corporation is the central authority that deals with the processing of new trade licenses and renewals.

The key to a successful business in this part of the country is to start small and simple and learn to grow and expand your business.

Why Do Business In Kolkata

West Bengal was ranked at the 9th position in the States’ Ease of Doing Business ranking in 2019. Hence, it is crucial to look at factors that make Kolkata a good business place.

Boost in Foreign Investment

There has been strong support from foreign investors towards improving the business atmosphere in Kolkata in recent times. The city has attracted foreign investments regularly and got US$1.2 billion in FDI in 2018-19.

Financial Hub

The proximity to Asia’s two major business centers – Hong Kong and Singapore – makes Kolkata a major financial hub expected to scale further in the future.

A study by McKinsey predicts that Kolkata is expected to emerge among the top Indian cities as the epicenter of global financial activities by 2030.

Well-Connected Infrastructure

Kolkata is one of the two cities in eastern India that has an international airport. In addition, the presence of a major port has made the city a hub for industries like warehousing and logistics.

Create, Share, Collaborate

Work with your team in real-time. create documents together and share the same on Whatsapp, Gmail, etc.

FREE OF COST

Business Ideas in Kolkata

Kolkata is a land of opportunities. There is a lot that one can do when it comes to starting a business. So let us look at some of the top business ideas in Kolkata.

Restaurant

Open a Restaurant in Kolkatta

It is no surprise that Kolkata is very popular for its delicious Bengali cuisines. People from across the world visit the city to taste the many flavors that the city offers.

Not just Bengali, Kolkata is also known for its delicious and authentic Chinese food that is very popular here. Hence, starting a restaurant is a great idea.

Look for a small space where you can open your business and make a well-curated menu that boasts the best Bengali food. And lending you a helping hand is Lio with its Restaurant Registers can help you manage expenses, menus, incomes, etc. for free.

Personal Fitness Trainer

Today, almost everyone is into a healthy and fit lifestyle. People are investing a lot in staying healthy and active.

This is a great industry to get in as people are on the constant lookout for personal fitness trainers in Kolkata who can help them in achieving the certain fitness goal that they have.

Being a personal trainer is one of the best business ideas in Kolkata.

Leather Processing Unit

Everybody knows that West Bengal is the hub of leather products for the domestic as well as international market due to the wide availability of raw materials and skilled labor that are found here.

Known as India’s largest consolidated leather park, the 1100 acres of Kolkata Leather complex is a boon to the leather industry. There has been a massive shift in the industry in recent times.

Where once the state was known as the supplier of raw materials and skins, it is today the provider of finished leather goods for the past few decades. Therefore, there is a lot of potential in the industry. 

Food Processing Unit

Known as the hub for food processing in India, the state is the largest producer of vegetables and rice and the second-largest producer of lychees and potatoes.

This makes it the best market to get in to start a business and make the most of the potential that exists here. 

Available in 10+ Languages

Hindi, English, bangla, Urdu, Malayalam, etc. Now Work Comfortably in Your native language.

FREE OF COST

Tea Brand

West Bengal is the second-largest producer of tea globally and is known for its world-famous Darjeeling tea.

Because of the wide availability of raw materials and accessible labor, starting your own tea brand only makes sense. This is definitely one of the most profitable business ideas in Kolkata. 

Fast Food Cloud Kitchen

If you have a tight budget and opening a restaurant of your own would not be feasible for you, you can simply look at launching a fast-food cloud kitchen.

With many delivery platforms available, you can simply list them and fulfill orders you receive from consumers. 

Home Based bakery

Are you into baking? Do you always dream of cake and cupcakes and brownies? If yes, then simply get onto the business of having a bakery. You do not have to look for a place to open your bakery but simply start from home.

The demand is increasing and people are always on the lookout for a good baker who can meet their needs for the many events and celebrations.

By starting a home bakery you can also start giving online classes as well. This too is a growing business that asks for less investment and is highly profitable. Check how Lio can help small businesses like home bakeries manage/track expenses, incomes, and so on.

Bengali Sweets Online

One of the most popular things about West Bengal is the Bengali sweets that have fans all around the globe.

This means that there is a big potential in this market. You can launch an online store for Bengali sweets and receive orders from not just the same state or country but also internationally. Among all the business ideas in Kolkata, this is definitely among the top and the most profitable ones.

Local Travel Agent

Kolkata is definitely one of the most visited cities in the country and hosts a big population from all over the globe. Therefore getting into the travel industry is one of the best business ideas in Kolkata.

Open a travel agency dealing with railways, bus, taxi reservations, and maybe a small tour around the city that can be based on food, must-visit places, and shopping.

In case you didn’t know, Lio helps you prepare itineraries and share them with customers smoothening the process.

Coaching Center

With everything moving digital, people in today’s times knowing how to start online coaching centers and tuitions can be a real game-changer.

That’s because it gives the people freedom to attend classes while sitting in the comforts of their homes.

You would need to find your niche in a subject and get hold of good internet while Lio can help teachers manage student attendance, mark sheets, etc. Education is already given a lot of importance in this part of the country hence the is among the great business ideas in Kolkata.

Start a Distribution Center

A densely populated city, Kolkata has a huge demand for consumable products all across the city and even the allied towns like Siliguri, Durgapur, and Asansol.

If you have the capital to invest, then starting a product distribution company is one of the best business ideas in Kolkata. But what would be tricky is choosing the product range that should be profitable for the distribution business. 

Your Data Is Safe As A House

With daily backups, we ensure your data is safe and secure whether you lose your phone or it breaks down.

FREE OF COST

Textile Business

This is one of the best growing local business ideas in Kolkata. The textile business has always attracted lots of tourists and locals in Kolkata. People are always on the lookout to buy traditional Bengali clothes while visiting the city.

The return on investment is depended upon the initial investment that you plan to make in this business. You can either start as a wholesaler by sourcing and procuring various fabrics and selling them to local textile shops or simply focus on traditional clothes that would gain a lot of tourist attention. Lio can help textile business owners with managing their work, employees, trade, and everything else.

Photography Studio

Opening a photo studio in Kolkatta

If you are an avid photographer who likes to click and capture beautiful moments and people, then getting into the photography business is something that you can think of.

The only initial investment is going to be a nice camera and lens. With people going big of festivities and celebrations, they are always looking for a nice professional photographer who can capture every moment.

Painting and Art Pieces

Are you a lock artist or painter? This can be one of the perfect business ideas in Kolkata for you, where you can do something you love with minimum investment. Traditional paintings and art pieces are in high demand, especially among tourists.

You can strategize smartly as the business’s profit depends upon the quality of paintings and the art pieces. This is a good way to earn money. You can either do it from home or collaborate with an art gallery to showcase your artwork. 

Biotechnology Unit

This is one of the best business ideas in Kolkata as the city has emerged as a biotechnology hub in recent years. IIT Kharagpur and other premier education institutes have made it easier to source manpower in the city.

As a result, many biotechnology companies have established units in the city. If you have the required technical know-how, you may look at launching your biotechnology unit in the city.

Sell Books

It’s a fact that Kolkata boasts more writers and intellectuals than any other part of the country. People love to read in the city and are always engaged in several activities around it hence opening a book store whether physical or digital, would be a great idea.

You can either only keep new books or you can re-sell used books as well.

Also ReadBusiness Ideas in Assam You Must See before Starting

How to Start a Business in Kolkata

Kolkata is one of the best places to start a business. There are many opportunities that lie here that must be spotted and utilised. Due to the good connectivity with land, air, and water, Kolkata has many business opportunities.

There are many trading opportunities as the city is closer to countries like Nepal, Myanmar, Bhutan, Bangladesh, and many other Asian countries.

The city is awarded as the third most productive metropolitan city in our country which contributes to many major sectors like agriculture, textile, food, medicine, minerals, plastic, electronics, and many other industries that largely contribute to the economic growth.

Here are some key points on how to start your business in Kolkata in a seamless manner:

Understand Local Kolkata Market

Before you jump into a business in any part of the world, it is important and critical for you to first understand the local market. By spending time understanding and analyzing the local market you would learn a lot about customer behaviour, customer demand, challenges, and everything else.

You can get an idea of how your business would perform and if your product or service is actually in demand in that particular locality.

Also, every city is different, its demands would be different and the factors of running a successful business in each state or city would be different. Kolkata as a city would definitely be unique as compared to any other city when it comes to business, hence studying the city would be one of the best things that you can do for your business and its successful growth.

Failing to do so can affect your company in one way or the other.

Advertise In Local Language

When it comes to a successful business, the key is to market. But one needs to be smarter as marketing in just English or Hindi would not suffice especially in places like Kolkata, Chennai, and Maharashtra where the majority population speaks their own local language like Marathi, Tamil, Kannada, Bengali or anything other regional languages.

To reach the maximum audience, you need to market your product in the local language as well. Otherwise, you might just have a great product that is wanted by all but just because people do not understand what you are selling, you would be missing out on a lot of opportunities.

Use Facebook/Instagram Ad

Almost everybody of all ages is present on the internet now, whether it is Facebook to Instagram hence this makes for a great idea to have a presence on both these platforms. You can opt for Facebook and Instagram ads and reach millions of accounts and gain popularity.

With these ads, you don’t just target people from your locality but also from all other places. Based on people’s searches, it would be shown to people who would have some common aspect as your business or the product that you are selling.

There is a certain amount that you would have to spend on these advertisements but they would bring you the popularity like no other.

Register The Name and Company

One of the most important rules of starting a business is that you register the name and company. Without this, your business would not be legal. In fact, you would not be able to attain any licenses and registrations without the registration.

You must decide on a good name that is easy and unique and see if it is available. Once you find that name get it registered. Once this step is down, you can then move ahead with other things in your plan as now you are legally registered as a company that can function.

Local Licenses and GST

To make a company run legally, you must attain the local licenses as well as GST which is a mandate for all businesses all across the country. Without a license, the government can stop your business at any given point in time. 

GST is another important thing that you must register for as this is one of the biggest tax reforms in the country and now covers many indirect taxes that were earlier imposed by our government like VAT, service tax, and excise.GST eliminated the cascading effect of taxes.

Work On Distribution

When you start a business, selling products on your platform is fine but would take your business to a whole new level is when you work on distribution. The main aim of a business should be to reach more and more people one way or the other.

As a business, you can sell your products through any whole sellers or retail sellers. You can reach out to local shops and ask them if they can sell your products in their shops and they could keep some percentage of the money made. 

Find out more ways to distribute your product and you would be soon running a very profitable business. 

How Can Lio Help in Starting A Business in Kolkata

To make your dreams come true of having a business of your own and managing it nicely, Lio App can help you big time. The app lets you keep all sorts of data together in a more organized manner. You can keep records, and create tables and lists while working solo or with a team. 

If you want to upload a document, then you can do that. Know the money transactions, cash inflow, profit and loss you are making, udhaar, list of products, services, and even the teammates and clients that you have all in one place. 

Change the business ideas in Kolkata to your business in Kolkata with these simple steps and run a business successfully in the most organized and well-planned manner, all with Lio.

Step 1: Select the Language you want to work on | Lio for Android

Choose from 10 Different Language offered by Lio

Step 2: Create your account using your Phone Number or Email Id.

Create Account using your Phone Number or Email Id in Lio

Verify the OTP and you are good to go.

Step 3: Select a template in which you want to add your data.

Choose from 60+ Templates offered by Lio And Start Adding Your Data

Add your Data with our Free Cloud Storage.

Step 4: All Done? Share and Collaborate with your contacts.

Share you files with friends and colleagues

Frequently asked questions (FAQs)

Which business is best to start in Kolkata?

BPO – Telemarketing Service
Coaching Centre
Photography Studio
Travel Agency
Automobile Repair Shop
Online Trading Business
Blogging
Salon
Event Supplies
Mobile Repair

How can I Start a Small Business in Kolkata?

You would have to meet all the legal requirements and fulfill the registration process as mandated under the Companies Act of India to start a small business in Kolkata.

What Business can I start with Rs 10,000?

These are the Top 5 business ideas in Kolkata to start from Rs. 5,000 to 10,000:

Breakfast point
Online bakery store
Tea Stall
Mobile repair
Personal trainer

Is it mandatory to have a physical store for your business in Kolkata?

Thanks to the internet but one does not really need a physical store to make their business profitable in Kolkata. Every kind of marketing can be done online.

Is it tough doing Business in Kolkata?

There has been a significant improvement in the business environment in Kolkata in the last few years.

The central government, state governments, and industry associations have taken proactive measures to improve the business climate in Kolkata.

What is the Average Cost of Maintaining a Small Business in Kolkata?

The maintenance cost of the business is dependent upon the industry or the nature of the business.

The cost of maintaining a business in Kolkata can be as low as 5000 per month, including rent and other permanent expenses.

Conclusion

In my opinion, Kolkata is a boiling pot for anyone who wants to start a business in the city. What is advised is that one looks and understands the market well and gets the expertise and the knowledge that is required to start a business. 

Do your homework and make a well-thought-out business plan that is clear on the target audience, the consumers, opportunities, threats, and other minute details that one must keep in mind. 

Yes, it would be tricky and you will see a lot of ups and downs but that is what an entrepreneur is and one must be prepared for it. I hope you find great ideas from this list of business ideas in Kolkata and make the most of them.

Download Lio App

About the author

Surabhi Guleria

Add comment