In this article, we’ve talked about the best business ideas in Hyderabad in 2021 that you can use to kickstart your business journey. There are so many businesses done in Hyderabad.
Hyderabad city is one of the most popular business hubs in India. Hyderabad of today is buzzing with business activities. You will find thriving businesses like shopping malls, restaurants, bars, multiplexes, and many more. In addition, Hyderabad is also known for its exquisite travel destinations loved by travelers all across the globe.
Hence, you have numerous small business opportunities to opt for. But if you are running out of one of the best small business ideas in Hyderabad, then this article contains a few ideas you can refer to to initiate.
The most successful small businesses in Hyderabad
Here is the list of most profitable and successful small business ideas to consider starting in Telangana (Hyderabad) in 2021.
1. Food Business
Quite naturally, people love to eat no matter what their financial situation is. Moreover, Hyderabadis are food-lovers.
Although you will find many restaurants in the city, still there is ample scope for new restaurants to make good money. Theme-based restaurants can be a profitable business venture in the city of Hyderabad.
The food truck is another food-related business you can start in Hyderabad with low investment. You need to find a proper location, especially in zones where there are high commercial activities.
Catering service could be another good idea among the many other business ideas in Hyderabad. It has the potential to expand from a small, low-investment business to a large catering firm.
There is also a huge demand for homemade meals for office-going couples in Hyderabad. This could be a viable option too.
Hence, owning an eatery or a restaurant is one of the most successful and lucrative business ideas. And, if your restaurant is mobile, you can target a different audience by moving around the city.
2. Real Estate Agency
The residential market in Hyderabad continues to grow steadily on the back of heightened demand, growth in the commercial sector & affordable price range. A surge in average property prices & a rise in transaction volume furthers the fact that real estate is in a booming trend in Hyderabad.
Hyderabad, alongside Bangalore, is one of the biggest beneficiaries of FDI (Foreign Direct Investment) inflow in India. It has featured in the list of top 20 FDI destinations of the world in terms of investment. Over 20 international IT & electronics companies have invested in Hyderabad in the last 2 years.
Hence, the future of real estate in Hyderabad holds promise. The demand for properties is increasing in the present day. If you have good communication skills and have a lot of people in your network, starting a real estate agency in Hyderabad is worth considering.
3. Pharmaceutical Business
Hyderabad holds a monopoly market in the Indian pharmaceutical industry. The city ranks first in the manufacturing of bulk drugs.
As a pharma and life sciences hub of the world, Hyderabad is poised to grow to a $100-billion business generator by 2030, up from $13 billion (2020), as per the projections made in the Life Sciences report of the Telangana government.
Pharma companies in Hyderabad produce the most amounts of therapeutic drugs. It accounts for 40% of the total Indian bulk drug. Nearly, 50% of the bulk drug is exported to foreign countries which includes the UK and the US. Aurobindo Pharma, Dr. Reddys, Natco Pharma, Biological E Ltd are some of the top pharmaceutical companies in Hyderabad.
If you are looking for getting a strong foothold in the market and desire to earn exponentially then the pharmacy industry is one of the best business ideas in Hyderabad.
4. Dried Flower Business
An individual who enjoys gardening, understands how different types of flowers react to different drying methods, and is looking for a way to make some part-time income may consider operating a dried flower business.
A flower drying business can grow exponentially if you establish yourself in a community as the go-to for decorative plants or sentimental keepsakes. Start-up costs are low, especially if you already have a suitable space for growing your own flowers. Even as a side business this venture has the potential to bring in serious profits and is one of the unique business ideas in Hyderabad.
5. Second Hand Book Shop
India has a strong and growing print and bookstore industry backed by a population that is becoming more educated and affluent. Though the internet and the advent of e-readers have transformed the print and book industry, there still exists a good opportunity to start and grow a successful bookstore business in Hyderabad.
Starting a book store can require good and effective planning, but it is one of the best small business ideas in Hyderabad. You need to invest in space and furniture to start this business.
You can start with new books as well with used books set up a small book store. It is better if you make your store known for a specific category of books, having some first editions for sale. Maps, illustrations, postcards, greeting cards, and magazines are good sidelines to include in your shop. It is one of the best business ideas in Hyderabad with low investment.
6. Vintage Toy Store
Opening a toy store is a way for an entrepreneur to make a living while putting smiles on children’s faces. You need to consider specific niche markets and create a personalized experience for consumers. For example, your market research may tell you that consumers have a desire to buy genuine wood toys and have access to the hobby materials to make them.
A vintage toy store is also an excellent venture for avid toy collectors and enthusiasts looking to turn their hobby into a lucrative business opportunity. It is the best business to start in Hyderabad with 20 lakhs.
Having experience finding and purchasing rare toys is important, along with the general business knowledge to properly market your toys to the best audience.
Startup costs are moderate, with the biggest expenses being rent for a storefront and inventory. Some business owners may choose to start their business online before expanding into a brick-and-mortar store, and many maintain an online presence even after opening. If you are good at finding a variety of valuable toys at good prices, the profits can be significant.
7. Organic Store
Telangana is an agro-based economy. The mineral-rich state has made the business of organic fruits and vegetables convenient and profitable. It is the best small business in Hyderabad. with the growing health consciousness, especially in the wake of COVID – 19, people are ready to buy organic products that are priced relatively higher than normal prices.
While opening your organic store, set the location of your store carefully. Set up at the place that attracts potential buyers. You can also set up an online store with free delivery services to increase your sales. You can sell fruits, vegetables, and groceries, etc.
8. Car Rental Business
Taxi and rental car service businesses are at their peak in the city as there are a lot of IT companies in Hyderabad. They are always on the look for cars on a rental basis for daily needs.
Your business model is to get profit by renting cars to taxi drivers and the rental car services. There are a lot of rental car services that do not employ more money in vehicles and tend to lease them.
You can create an inventory of used cars of various models and rent them to companies and individuals. If you can spend more money, you can focus on trucks and small commercial vehicles which would yield more profit. Car rental can be one of the flourishing business ideas in Hyderabad.
If you have a car of your own, you can also tie-up with ride-hailing companies and make money. Companies like Uber and Ola provide an excellent money-making opportunity for car-owners.
9. Theme based Cafe
Hyderabad boasts of several cozy cafes that promise to delight you with their delectable food, impeccable service, and pleasant ambiance. Over the years, several unique themed cafes have emerged in the city that has innovatively recreated their interiors to captivate you as soon as you step inside these restaurants.
Starting one of these theme-based cafes is also profitable. One needs to be a little innovative providing extra services like hangouts, internet cafes, and similar more facilities. The theme-based coffee shop or cafe is still among the most popular business ideas in Hyderabad.
For example, people passionate about board games who enjoy interacting with others and have some strong general business knowledge may consider opening a board game cafe.
This is a great business model that can appeal to both families with children and adults looking for a unique night out. Many business owners note that families often frequent their establishments during the day, with the vibe changing to adults-only at night.
In an increasingly nostalgic culture, this business plays on many people’s desire to get back to simpler, unplugged forms of entertainment. As such, the popularity of board game cafes is increasing. However, a successful board game cafe can bring in six figures annually.
10. Digital Marketing Agency
The tenth business idea from the list of best business ideas in Hyderabad is a starting digital marketing agency.
Do you have a working knowledge of online advertisement, PPC (pay-per-click), and online campaigns?
If so, it is worth considering starting a digital marketing agency here in this city. There are very few companies in Hyderabad in this genre. Moreover, there are a lot many tech companies, getting clients won’t be that difficult.
The initial investment includes the cost of rental space, equipment like computer, internet connection, telephone connection, and others. Your business motto is to help your clients advertise their business in search engines and gain more traffic to their sites.
11. Game Truck Business
If you enjoy video games and interacting with children, operating a mobile game truck business can provide a unique opportunity. Strong business management skills and a willingness to work on weekends are also important.
While the mobile nature of this business removes the cost of renting a permanent space, the cost of outfitting the truck or trailer is still fairly substantial.
Gaming is a huge and booming industry, meaning growth potential for any related business is generally strong. Once established, low overhead costs mean game trucks can bring in a good amount of money from each event.
If you’re able to book steady business, there is a great potential to make some excellent profits.
12. Mini Cinema House
While the love for cinema blossoms in the heart of every Indian, it is important to cater to the audience with adequate extents of movie theatres both at urban and rural levels. Films, movies, and music are popular not only in Hyderabad, preferably all over India.
For a cinephile, owning a movie theatre is a great option as a business venture. You can start by owning a small cinema even in an unused area of your home.
Feature the classic choice and offer features that big cinemas do not, i.e. timings, pricing, less crowdy environment, special meals, and whatever else your customers may find awesome.
13. Event Management and Wedding Photography
Hyderabad is always in a party mood. Starting from formal corporate parties to weddings, people are looking for efficient event managers. Do you have a strong network of caterers, decorators, chairs and other seating arrangement rentals, music orchestra, housekeeping services, etc?
You can start a profitable event management service. The capital required is very less as the finances would be handled by the host. Your success in this business depends on your networking skills and how well creative and organized your planning is.
Hyderabad is also known for fat wedding ceremonies. If you have photography skills, starting a wedding photography business in the city is surely going to get you big returns. This idea turns out to be one of the top best business ideas in Hyderabad in 2021.
In India, family is everything, and friends are essential to a happy life. So, why not become a part of people’s celebrations with their loved ones, and help bring people together?
14. Open a Playschool
With an increasing literacy rate, the new generation parents are making it a must to send their ward to play school for a better grooming. Every parent makes it a point to look for the best playschools for their kids.
If you enjoy teaching and enjoy spending time with children, a playschool business might be the best option for you. Similar to other businesses, a playschool business also requires a pre-planned layout for the startup.
15. Mannequins for Sale or Rent
However headless, however identical, and however silent, mannequins are a ubiquitous presence in the Indian brick and mortar retail space. India’s leading large-format retailers have made enough storage space to accommodate at least 50 mannequins per store, which goes up to 150 per store, depending upon the store size.
However, with constant competition from Chinese imports and the high level of fragmentation, India’s mannequin industry faces a host of challenges. But there are also enough opportunities to grow if you know where to look.
Tier-II and Tier-III cities are very promising markets for mannequins today. Although based out of small towns, they have grown substantially in the last 20 years. Interestingly, because they have seen the shortfalls of bad products, they are now steadily turning to good products, opening a huge market for organized mannequin suppliers in the country.
So this means that there is a huge untapped regional market, which despite the presence of unorganized mannequin traders, is slowly but steadily turning to quality mannequins and visual merchandising.
One of the best examples of cashing in on the entrepreneurial boom is the online flower business. It is one of the innovative business ideas one can start in Hyderabad. This is among the best businesses because it doesn’t require much investment to begin with and it is a gender-neutral business.
It means that you don’t have any preset gender stereotypes to overcome in the offline business. It doesn’t need technical proficiency either. All you need is the zeal and passion for succeeding and overcoming some hurdles that are part of every package of life you choose to deal with.
Besides, flowers are everywhere now! They aren’t just limited to weddings or special occasions anymore. Be it corporate meetings, employee engagements, or home décor, flowers have become an integral part of our lives these days.
So, you can just buy flowers wholesale, and buy equipment like a cooler, vases, pruning tools, and ribbons and sell them. It is the most profitable business in Hyderabad in 2021.
17. Hand-Made Crafts Shop
An excellent low investment small business anyone can start is buying and selling handicrafts. Hyderabad is one of the famous cities in India for its handicrafts. Generally, handicrafts are made in rural areas.
You could bring this plan into action by partnering up with some handicraft artists, pot makers, candle makers, etc. No wonder this business is considered one of the most profitable small business ideas in Hyderabad for ladies.
Lately, a lot of people are utilizing this small-scale business idea to grow to great heights and you can do the same. You can set up this business online as well.
So, you have a good scope to flourish with this model on Etsy, Shopify, or you could even launch your own eCommerce store. This works as a great village business idea too and would help the rural areas grow and gain recognition.
Once again, the market for handicrafts is always high because they are also given away as gifts or used for home and office décor.
18. Confectionery Shop / Bakery
A business in food is almost always profitable. The demand for baked items has witnessed a steady increase in the last couple of years. Baked goods offer customers convenience and affordability, and the growing demand has led to a lot of home-bakers and chefs venturing into the bakery business.
As per a report by the IMARC Group, the Indian bakery market reached a value of around US$ 8 Billion in 2019, making bakeries a highly lucrative restaurant format. Opening a bakery may prove to be one of the best business ideas in Hyderabad considering its craze for bakery items.
Sweets are also a popular treat in Hyderabad and starting a confectionary store may also be a good business idea.
19. Electronics Repair
Electronic devices have become a necessity in every house. And by virtue of their nature, they break down and need repairing every now and then. If you have the necessary skills, starting a computer or electronic repair business might sound like easy money.
It’s a saturated marketplace, and without the right approach, your business is likely to fail before it even begins.
But if you do a few things right to stand out from the crowd, you can successfully set up this business that repairs devices and sells second-hand electronics.
20. Beauty Salon
Usually, salon owners have a wealth of experience in the beauty industry and are fully qualified, beauty therapists. Many salon owners will also have management training to effectively manage the business. However, if your background is not in beauty, you don’t necessarily have to rule it out.
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It is possible to employ a beauty therapist as a day-to-day manager as a partner. One doesn’t have to be a certified make-up artist to start a beauty salon. If you have the basic required skills then you can start a beauty salon and keep learning at every stage of your journey. It is the most stable and small-scale business in Hyderabad to make money.
You can design your own therapies for glowing skin, anti-aging, and facelifts. This business can also be opened from home, provided you have ample space and privacy for clients. Offering herbal and natural therapies will help you stay ahead of the competition.
21. Competitive Exam Coaching Centre:
Coaching institute has become a part of the education system in India. The popularity of coaching institutes has increased 35% more than in the last five years. 95% of the high school students take up coaching classes for most of the subjects.
Starting from UPSC to AIEEE, there are a lot of competitive exams which are attended by students for post-graduation and for jobs. You can start a business by hiring a few instructors who can teach the students for these exams.
It is better to focus on one examination for increasing business opportunities in Hyderabad. Your initial expense includes hiring instructors, leasing seating arrangements, rental space, blackboard, printed study materials, and other stationery and advertisements.
22. Tailoring and Fitting
Starting a tailoring shop on a small scale does not require much investment. Initially, you can provide tailoring and alteration services to customers with one sewing machine and then add more when profit starts coming in. Tailoring is a lucrative business in most Indian cities, including Hyderabad.
Over a hundred thousand people google for cloth alterations and about one million for a tailor every month; out of that someone must be from your area in need of a good quality tailor. You can be that one.
The opportunities for a sewing shop include generalised as well as specialised tailoring shops that specialise in bridal clothes, or bespoke suits or party dresses or only dress costumes. You can specialize in making kids’ dresses ( communion and other party dresses) with beautiful embroidery or make custom fitting pants for guys
23. Pet Care Services
A lot of pet owners are looking for a service where they can leave their pet, while they go on a vacation. During that time period, you need to take care of feeding, walking, grooming and others. Apart from pet care service, you can also provide other services for regular clients like grooming, de-worming and so on.
The scope of business ideas related to pet care is very high. Hygiene is very essential. The initial investment includes human resources, equipment, caging spaces, toys, commercial space, pet care products, and so on. A website is an added advantage.
24. Packing & Moving Relocation Services
Currently, there aren’t many relocating services in Hyderabad. You can think of starting a business of packing and forwarding which can turn in to good business opportunity. Moreover, you can offer temporary storage to the customer and charge for it.
People settle with semi-skilled laborers for this process. If you can provide a cost-effective service for moving and relocating, you can catch the market. You can also provide other value-added services like temporary storage arrangements for those who plan on remodeling or cleaning their new house before relocating.
Start-up capital is required for buying trucks, package materials, human resources, commercial space, internet connection, computer, and phone connection.
25. Fitness Trainer
According to a research report by Smergers, the Indian fitness industry is worth Rs. 4,500 crores with an annual growth rate of 16-18%. With this rising fitness trend, it would be worthwhile to say that setting up a commercial gym is a promising opportunity for people with an entrepreneurial mindset.
You can also consider setting up a Ninja Warrior Gym. Popularized by the TV show American Ninja Warrior, this business draws in a variety of clients. It is important for an owner to be comfortable interacting with different people and to have some general knowledge about running a business to keep people coming back.
26. Wellness Training Centre
There are several advantages to having your own business in this industry. First and foremost, you will be helping the people in your community. You’re improving the quality of people’s lives through your services, which is an amazing goal!
A wellness center is an establishment where healing options are available for both the mind and body. They offer conventional as well as alternative therapies. The most popular alternative therapies are naturopathy, skincare, Ayurvedic massage, spa, gym, fitness center, magnetotherapy, color therapy, acupuncture, and other holistic modalities.
Wellness centers have now become an integral part of urban society due to the integrated healthcare solutions they provide and are a vital aspect of medical tourism.
Once again, this is a great small business idea with low investment. Due to increased awareness about environment, many people now maintain small plants and shrubs at their apartments and offices.
You can open this business from your home. Additionally, you can sell packets of fertilizers, seeds, and other garden requirements.
Selling bonsai trees can also be a good option for gardeners and stay-at-home workers looking for both a satisfying hobby and a business venture. While no formal education is required, owners should familiarize themselves with the various types of bonsai trees, best-growing conditions, and basic techniques for raising the trees and helping them thrive.
Bonsai are considered high-value trees that increase in popularity each year, especially with urban customers who lack the space to grow full-sized trees.
28. Personal Chef
If you love and know how to cook, then becoming a personal chef is one of the best small-scale business ideas in Hyderabad. To increase your profit margin you have to market your services by building a personal brand. If you can cook quality healthy meals then you can make a great amount of money. It is one of the best businesses in Hyderabad with low investment.
29. T-shirt printing business
The one clothing piece that never gets out of trend is ‘t-shirt’. Whether it’s a graphic tee, plain oversized t-shirt, or body-hugging t-shirt, they have always ruled the trend and are liked by people of all age groups.
If you look into the latest reports, you will learn that the trend of custom t-shirt design has grown tremendously in the past few years. The global market for the custom t-shirt printing industry is expected to cross 10 billion USD by 2025. You must have seen that a lot of celebrities are wearing them to spread the social message or setting a trend.
If you have an online t-shirt printing business, then you can relate to this development in the market. To attract more customers, you have to provide them with what they are looking for. You must have come up with the latest and unique designs.
Manufacturing Business Ideas in Hyderabad
In most cases, a manufacturing business requires reasonable capital investment in the initial stage. However, once the business is successfully established, the profits make up the start-up investment in a short period of time.
Some of the best manufacturing businesses to start in Hyderabad are:
- Automotive parts manufacturing
- Jute bags manufacturing
- Cotton buds manufacturing
- Microbrewery manufacturing
- Disposable plates and cutlery manufacturing
- Iodized salt manufacturing
- Matchstick manufacturing
- Naphthalene ball manufacturing
- Candle manufacturing
- Soap manufacturing
How to Start a Business in Hyderabad?
If you want to start a legally compliant business in Hyderabad, you need to follow certain processes. Below, we list down some of the essential steps:
- Select a Business Idea.
- Research the Local Market of Hyderabad.
- Get trained and understand how the business works.
- Create a business project plan.
- Choose a proper location if the business not home-based.
- Register your company – for beginners, sole proprietorship and LLP are two good options.
- Get appropriate licenses and permits from local authorities.
- Arrange funds, if required.
- Apply for PAN.
- Register for taxes.
- Promote your business.
These are the top business ideas for the Hyderabad market. If you could create a good network and acquire a few loyal customers, you can break even faster. Before investing your money into any business, it is important to study the business, SWOT (strength, weakness, opportunities, and threats), and scope of the business in detail.
This will help you to choose the best business opportunities that would suit your interest and needs. These are not the only business ideas that would provide profitable results, there are several other business opportunities in Hyderabad waiting for people with dedication and determination.
Thanks for reading the post. Have any other business ideas in your mind? write them down in the box below.