Are you looking to start a new business in Chennai and searching for the best opportunities? Whether you’re an experienced entrepreneur or beginner to the business world. In our business name list We have included opportunities suitable for all. From traditional ventures to modern startups in Chennai, we cover a diverse range of options to help you succeed in Chennai’s dynamic market.
Fish Supply, Grocery Store, Fast Food Corner,, Bakery Business, Coffee Shop, Organic Healthcare Business, Poultry Farming, Graphics Designing Business, App Development Business, Digital Marketing Agency.and many more are profitable businesses in Chennai. Investment to start a new business in Chennai budgets ranging from 50000, 1 to 2 lakhs, under 5 lakhs, to up to 10 lakhs approx.
Is Chennai a Good Place to Start a Business?
Yes, Chennai can be a good place to start a business for several reasons:-
- Chennai, earlier known as Madras, is a vibrant city on the east coast of India and the capital of Tamil Nadu. It’s famous for its rich culture, lovely beaches, and tasty food. The city is a mix of modern and traditional, with bustling markets, high-tech industries, and historical temples all in one place.
- Chennai is a great place for small businesses. It’s got a lot of different people and needs, so your business can really fit in. The government policies are also supportive, making it easier to start and grow your business. Plus, with so many industries from IT to manufacturing, there’s a good chance for small businesses to shine.
- Chennai’s people are smart shoppers, they look for quality and value. They love to try new things, especially if it’s useful and trendy. When it comes to buying, they think a lot, compare, and then choose the best option.
Best Small Scale Business Ideas in Chennai 2024
1. Fish Supply
India is one of the largest producers of fish in Asia. India is surrounded by water from three sides. There are lots of coastal areas available in India, Mumbai, Goa, Kerala, Goa, and Bengal, Chennai is one of the top city India, where there is a large amount of fishing. Therefore, starting a fish supply business is one of the best business ideas in India.
| Investment | ₹30000-₹100000 |
Resources | Licence, Packaging Material, Location, Fish Breeds, Disease preventing chemicals |
| Market Demand | The fish market in India is expected to grow at a CAGR of 8.81% from 2023-2028. |
| Profit Margin | 20% – 25% |
2. Grocery Store
Starting a grocery store business in India is highly profitable and also contributes to society. Establishing an online grocery business allows customers to order groceries with just a click of a button, saving them their time. Moreover, starting a grocery delivery business does not need more money. Anyone can start it with a small capital investment.
| Investment | ₹50000 to ₹2 Lakh |
| Resources | Licences, Grocery supplies, Containers, disposable racks and shelves, packaging |
| Market Demand | The market for grocery stores will have a CAGR of 10.98% from 2022 to 2030 and the market size will increase to USD 188 billion (₹15407352000000). |
| Profit Margin | ₹ 50000 to ₹ 2.5 Lakh monthly |
3. Fast Food Corner
India is known for its food, people love street food, and you can find lots of tasty snacks and food in the street at affordable prices. Starting a fast food corner in India is one of the best business ideas.
| Investment – | 4 lakh – 5 lakh |
Resources | FSSAI Licence, store/location, raw materials, kitchen appliances, cutting machines, equipment and machinery, reliable staff, chairs, tables, furniture etc. |
| Market Demand | As per estimates, the Indian food business market will exhibit CAGR of 11.19% by 2028. |
| Profit Margin | 30%-40% |
4. Bakery Business
Baking and selling sweets looks like a charming business idea, but starting a bakery business is not if you have proper skills and knowledge. If you want to start a bakery business, make sure your product tastes loved by the crowd. Before starting a baking business it is important to do proper market research.
| Investment | 20000-50000 |
| Resources | A workspace, freezer, grinders and processors, oven, display boxes, packaging supplies, skilled labour, social media presence, etc. |
| Market Demand | Indian bakery business will gain a CAGR of 7.28% between 2021 and 2027, reaching a value of ₹13000 crore. |
| Profit Margin | 50,000 to 1.5 lakh |
5. Coffee Shop
In recent years the coffee business in India has experienced a significant transformation, reflecting changing consumer tastes and the emergence of a vibrant café culture. This transformation has primarily been changed by India’s youthful population, rapid urbanisation, and the expanding middle class, with disposable income. So starting a coffee shop business is one of the best business ideas.
| Investment | ₹10 Lakhs – ₹20 Lakhs. |
| Resources | Licence, space/location, raw materials, chairs and tables, trained staff, coffee grinder, coffee machine, etc. |
| Market Demand | The current report says, it is one of the fastest growing sectors valued at ₹4540 crores. More, from 2019-2024, this sector will further exhibit a CAGR of 12%. |
| Profit Margin | 93.5% gross profit/cup of coffee. |
6. Organic Healthcare Products
Organic Healthcare Products are natural remedies and supplements which are made from organic foods. Organic Healthcare products are gaining popularity, due to increased consumer interest in health. Some of these products are supplements, skincare, and herbal remedies. Starting an organic healthcare business is one of the best business ideas.
| Investment | ₹5 lakhs to ₹10 lakhs |
| Resources | Raw materials, tools and equipment, packaging and storing facilities, licences and permits, a laptop, a website and marketing strategies to promote the business. |
| Market Demand | The global natural skin care products market will expand at CAGR of 6.6% from 2022 to 2030 growing at a considerable rate. |
| Profit Margin | ₹1 lakh to ₹3 lakhs monthly |
7. Poultry Farming
Raising birds for eggs, meat, and feathers is one of the most profitable business ideas in India. Lots of people also like Turkeys, chickens, geese, and ducks, so starting Poultry farming is one of the best business ideas for local as well as commercial.
| Investment | ₹50000 to ₹2 lakhs |
Resources | Land for farming, Poultry housing and equipment, Feed and water supply systems, Breeding stock (chicks or eggs), Veterinary services and medication, Marketing and distribution channels |
| Market Demand | In 2022, the Indian poultry market was valued at ₹190530 crore (approx.) From 2023 to 2028 it is expected to show CAGR of 10.18%. |
| Profit Margin | 20-30% of total revenue. |
8. Graphic Designing Company
If you have good skills in design and want to start a business, you can consider a graphic design business. In this business, you’d build visual concepts using images, text, and much more for things such as advertisements, magazines, books, etc. It is one of the highest demanding businesses due to online marketing.
| Investment | ₹5 lakhs – ₹10 lakhs |
Resources | Company Registration, Company location and premises, Internet connection, Computer Systems, Office management, Furnitures, Website, Professional Staff, marketing strategy. |
| Market Demand | The market for graphic designing is expected to show CAGR of 5.2%. With that rate, it is expected to reach ₹678516 crore (approx.) at the end of 2032. |
| Profit Margin | 20% – 30% |
9. APP Developing Company
A few years back lots of businesses used to outsource their app development needs. However, after the advancement in software programs and platforms, there are lots of small businesses that want to develop apps in-house. Due to this trend, there are lots of opportunities for entrepreneurs in India. Starting this business with ideas is one of the best ideas.
10. Digital Marketing Agency
Today, Lots of companies focus on digital technology due to growing technology and easy access to your target audience. It’s especially helpful for small businesses because at a low budget even they can reach their audience worldwide. Starting a digital marketing agency in India is one of the best ideas.
| Investment | ₹2 Lakh- ₹25 Lakhs |
Resources | Licence, office space/store, computers, trained staff, software, chairs, tables, etc. |
| Market Demand | The digital marketing sector in India has exponentially proliferated in recent years and from 2023-2028 will register CAGR of 30.2%. |
| Profit Margin | 30%-40% |
Conclusion:
Chennai is one of the modern and developed cities in India, it is one of the fastest-growing urban centres, so there are lots of opportunities for people. If you are thinking of starting your business in Chennai there are lots of business ideas in Chennai that you can explore. Whether it’s a new business idea or a local business idea, the city provides equal opportunities for both. Whether you are interested in small business ideas in Chennai or new business ideas in Chennai their growing economy welcomes everyone. To achieve business success it is very important to do proper market research to find the best business idea in Chennai. Whether you want to start a technology-related business or any other service, understanding the local market is very important to identify the best business to start in Chennai. It will help you to build a successful business in Chennai.
Faqs – Business Ideas in Chennai
What are the Top 10 Business Ideas in Chennai?
Fish Supply, Grocery Store, Fast Food Corner,, Bakery Business, Coffee Shop, Organic Healthcare Business, Poultry Farming, Graphics Designing Business, App Development Business, Digital Marketing Agency are the top 10 business ideas in Chennai.
How can I find the best business idea in Chennai?
To find the best business idea in Chennai, you have to do proper market research and understand the local market. Also check about targeted customers, money Requirement for Investment, Backup Plan,and specially your supporter and competitors.
Can I start a small business in Chennai under 50,000?
Yes, there are lots of business ideas that you can start with under 50,000 such as Fish Supply Business, Grocery Store Business, Bakery Business, Poultry Farming and others.
Starting a business in Chennai is a good idea?
Yes it is! Starting a business in Chennai is a solid plan. The city’s full of opportunities, with a big market for all kinds of products and services. Plus, the local people are always keen on new stuff, and the government’s making things easier for small businesses to grow. So, if you’ve got a good idea and the spirit to work hard, Chennai can be the right place for your business to take off.
