UK, Dec. 12, 2006
UK Daily Telegraph named NRI Sandeep
Chadha is one of the "40
most successful young entrepreneurs"
Sandeep Chadha, 38, known as 'Sandy' was
who struck upon the idea of selling batteries. He reckons
the rise of MP3 players and digital cameras is helping to
keep the market alive. In 2005, he sold 35 million pounds
of batteries to Superdrug and Argos.
Sandeep was just two when his family arrived in Britain
from Delhi with just £10. His father began importing
novelty goods from the Far East and selling them to small
shops under the new company Supreme Imports.
"My parents had to work hard," he recalls. "They
have passed that onto me." Originally his family lived
in Newcastle, but a parents' evening at Chadha's school
highlighted his "aversion to study" and his father
decided that a change of scene was needed to get his education
on track, taking the family to the North-West.
Although told to concentrate on his education, Chadha worked
in the business when demand was high. "At 11, I was
spending my weekends in Yorkshire seaside towns like Scarborough
and Whitby selling watches, clocks, radios and toys from
the back of a packed van to passers by and shops,"
he says. "My father's grumbles about school results
got less and less as the business became more lucrative."
But building the business wasn't all plain sailing. In
the 1980s, demand was declining and they were hit by a series
of shipments of faulty goods, which threatened to wipe them
out.
It was at this point that Chadha's luck turned. At a giftware
event he attended with his father, he discovered that selling
batteries could be the key to profitability.
"The market for batteries is invisible, vast and recession-proof,"
Chadha explains, adding that every home contains, on average,
25 battery-operated devices. Since the battery epiphany,
the company has been going like the Duracell bunny, and
Chadha is now a multi-millionaire.