{
  "id": 1920865,
  "title": "Monthly rent was ₹21: Vedanta founder Anil Agarwal remembers his humble beginning, ‘seasons passed’ in 8x9 office",
  "url": "https://urgent.news/2026/08/19/monthly-rent-was-21-vedanta-founder-anil-agarwal-remembers-his-humble",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T11:11:10.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/trends/monthly-rent-was-21-vedanta-founder-anil-agarwal-remembers-his-humble-beginning-seasons-passed-in-8x9-office-11787137464744.html"
  },
  "original_language": "en",
  "account": "In 1975, Anil Agarwal, the founder of Vedanta, began his career in Mumbai with a modest start. At the age of 19, he arrived in the city from Bihar with a burning desire to establish something significant. His journey took him to the narrow lanes of Kalbadevi, where he tirelessly searched for a spacious office.\n\nAfter days of relentless pursuit, Agarwal finally met a landlord named Rasikbhai, who recognized the potential in the young entrepreneur. The landlord granted him a room on the fourth floor of an old building, measuring just 8 feet by 9 feet. This tiny workspace marked the beginning of Agarwal's entrepreneurial journey.\n\nWith only three people working there and sharing a single telephone line, Agarwal faced numerous challenges, including a peculiar issue with incoming calls. The calls would ring twice, disconnect, and Agarwal would sprint down the stairs to take each call personally. He found these two rings to be a symbol of his dreams, describing them as \"knocks from my dreams.\"\n\nDespite the cramped conditions, Agarwal's first office was where he made crucial deals with cable companies and gained valuable business insights without the luxury of an MBA program. He worked tirelessly, with the same enthusiasm and pride, in a room where seven other people shared the living space with him near the Cotton Exchange. The monthly rent for this modest accommodation was just ₹21.\n\nLooking back, Agarwal reminisces about the lessons learned in that 8 ft x 9 ft room, where he \"dreamed big\" and \"worked hard.\" Today, the Vedanta Group operates offices across multiple countries, but Agarwal still vividly recalls that first room whenever he closes his eyes, reminding himself of the importance of ambition and hard work.",
  "summary": "Founder Anil Agarwal reminisces about his first office in Mumbai's Kalbadevi in 1975. With little money and immense determination, he transformed his initial challenges into opportunities.",
  "key_points": [
    "Anil Agarwal started career in Mumbai at 19, seeking significant establishment.",
    "Moved into 8x9 ft office in Kalbadevi after finding landlord Rasikbhai.",
    "Monthly rent for modest office was ₹21, symbolizing his dreams."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}