Are you searching for top business ideas in Mumbai? Mumbai (formerly known as Bombay) is not only the commercial capital of India but also one of the world’s top 10 centers of commerce in terms of global financial flow. Mumbai, is India’s richest city, has the largest population & the highest GDP.
Mumbai accounts for 70% of the country’s capital transactions and has recently been named as one of the World’s premier global cities or ‘Alpha World City.’ Mumbai is ranked as the fastest-growing city in India for business startup and is considered as the city full of opportunities.
List of Top 25 Low-Cost Business Ideas in Mumbai
1. Real Estate Agency
The city of Mumbai is one of the busiest cities in India and the demand for proper accommodation is always there. If you have good networking skills and understand the local property market, running a real estate agency can fetch good returns.
2. Start a Food Restaurant
It is a known fact the people in Mumbai loves eating out. Though the market is competitive, still if you can come out with some innovative approach, there is still a wide scope of running a profitable food restaurant in Mumbai.
3. Travel Agency
Mumbai is the commercial capital of India. People from all across the world visit the city throughout the year. In addition, there are a lot of tourist destinations in and around the city. Hence, starting a travel agency is a potentially profitable business opportunity in the city of Mumbai.
4. Freight Forwarding Agency
Freight is a big business int the transportation sector. If you some experience in freight forwarding activities, consider starting a freight forwarding agency business.
5. Stock Broking
If you are looking to start a finance-related business with a small investment, stockbroking can be a good option. Initially, you need to register a sub-broker with an authorized stockbroking company.
6. Security Agency
Most business houses and residential complexes in Mumbai hire security professionals for safety and security needs. If you have some knowledge about this trade, the security agency can be a profitable business venture in this part of the country.
7. Coffee Shop
Most Mumbaikars love having coffee at coffee shops. There are many reputed brands that are catering to the demand here. Still, the market is big enough to accommodate new players in this sector.
8. Recruitment Agency
Most business houses in India are headquartered in the city of Mumbai. There is a big demand for skilled personnel for different job profiles. If you are good at networking, consider starting a recruitment agency in this city.
9. Event Management
Mumbai is a 24/7 city and numerous events happen throughout the year. If you have some experience in event planning, event management business can bring in good profits.
10 Fitness Center
The business of fitness and Yoga has multiplied in this city for the last few years. The health-conscious people of Mumbai are always on the hunt for expert fitness trainers.
11. Interior Designer
Real estate is costly in this city. It is quite obvious interior designers make lots of money here in Mumbai. If you have a passion for decorating interiors, consider starting this business.
12. Mobile Repairing
Like any other city in India, Mumbai has also seen a huge increase in sales of mobile phones. Take a crash course in mobile repairing and tap the big market of mobile repairing.
13. Car Dealership
If you are an automobile enthusiast and looking to start a retail business in this sector, a car dealership can be a profitable option. If you are in a shortage of funds, a used car dealership is another option.
14. Beauty Salon
Though the beauty salon business is competitive, if you are confident of your expertise, there is always a scope of becoming successful in the salon industry as the market always looks for new and innovative products and services.
Most parents in Mumbai looks for good quality kindergarten schools that can help in getting admission to reputed schools in Mumbai. You can also buy a franchise of a reputed preschool franchise brand.
16. Actor’s Photo Portfolios
If you are a very good portrait photographer, you can star the actor’s photo portfolios business of your own with minimum investment and even a part-time basis. The market is wide and anyone can be your customer who wants to set a career in the entertainment industry.
17. Ad Film Making
If you have knowledge and skill about commercial film making, then ad film making is a wonderful entertainment business opportunity for you. in every product or service promotion corporate houses depend on ad film making agencies.
18. Comedy Club
Comedy clubs are generally very popular entertainment venue among the people of any age. You can initiate this business in two ways. One is from a fixed location that is much cost-intensive. And the second one is the mobile basis and on-demand.
19. Modeling Agency
A modeling agency generally provides people of various appearances, shapes, sizes, races, etc., who are used to promote or display a product or service for paying a client. If you have very good contacts, you may start this business with small startup capital.
20. Buffet Restaurant
Buffet only restaurant is one of the most trending food business ideas. People always love to have a meal according to their own choice and enjoy selecting from many options. The right location and proper marketing strategy are important in starting a buffet restaurant.
21. Organic Food Store
In starting an organic food store business most important consideration is the store location. Like any other retail business, the right location is the main parameter to get success in the business. With the increasing awareness of healthy living, people are more interested to take organic food though they are more expensive than non-organic food. The retail organic food market is an emerging trend and it is growing by 20% every year.
22. Nutrition Coach
Increasing awareness about health among people creates a demand for a nutritionist. As a nutritionist the main service you will be rendering that is, helping them as diet coach to live longer with good health.
23. Ice Cream Stand
For a metro city like Mumbai starting an ice cream stand or kiosk is a very profitable idea to generate handsome income. You can also run this business on a seasonal and part-time basis. A mobile ice cream stand is more profitable than a fixed location comparing the ROI.
24. Computer Training Institute
The computer training institute is an ideal business opportunity for aspiring computer-savvy professionals. Running a computer training institute with some other value-added services can be a profitable and self-rewarding business. The only criteria are you have to be knowledgeable enough about computers and the internet.
25. E-commerce & SEO Consultant
Nowadays every small and big business are looking to tap the internet audiences to sell their product or services. Individuals having expertise in online marketing, e-commerce, and e-communications may start this business from home location.
We have listed top small business opportunities in Mumbai with very low investment. Find the one which suits you most and start your business right now.