Are you looking to start a new business in Indore 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.
| Business opportunity in India 2025 | World’s Best Business Opportunities |
| List of Startups in India | Unicorn Startups in India |
Bakery Shop, Grocery Shop, Fast Food Shop, Digital marketing Company, Tuition Classes, Candle-Making Business, Beauty Parlour, Organic Food Business, Sweets Shop, Namkeen Business and many more are profitable businesses in Indore. Investment to start a new business in Indore budgets ranging from 50000, 1 to 2 lakhs, under 5 lakhs, to up to 10 lakhs approx.
Is Indore a Good Place to Start a Business?
Yes, Indore can be a good place to start a business for several reasons:
- Indore is the “Heart of Madhya Pradesh” It has bustling markets, aromatic street food, and warm-hearted people. Indore have many places like historic Rajwada Palace, the vibrant Sarafa Bazaar. And let’s not forget the legendary poha, jalebi, and chaats that make it a foodie paradise. As the sun sets, the city comes alive with laughter, flavours, and the promise of another delightful day.
- Indore is known as Madhya Pradesh’s business hub with a great economy. It offers lots of opportunities for entrepreneurs. Its strategic central India location provides easy access to major cities like Delhi, Mumbai, and Bangalore providing better connectivity for startups. The city has supportive entrepreneurial ecosystem which include mentorship, funding, and networking opportunities.
- In Indore, people love shopping in markets. They spend on things like food, clothes, and gadgets. On weekends, they enjoy eating out, watching movies, and attending events. It’s all about having fun and treating themselves.
Best Small Scale Business Ideas in Indore 2024
Here presenting the top list of business ideas in Indore:
1. Bakery Business
Starting a bakery, pastries, and cake business in Indore holds immense significance. The city’s growing demand for baked goods, urbanisation, rising disposable incomes, and expanding retail channels create a favourable environment. Choosing the right location, understanding local preferences, and innovating with new products are key steps to success.
| Investment | ₹20,000 – ₹50,000 |
| 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 |
2. Grocery Store
Starting your own shop in Indore is like planting a little seed that grows into a big tree! First, find a good spot where people walk by—a busy street or near homes. Then, get the right papers and licences. Think of these as your shop’s special ID cards. Finally, fill your shop with everyday things like rice, dal, soap, and toothpaste. Keep it clean and friendly, and soon, customers will come knocking!
| Investment | ₹50,000 to ₹2 Lakh |
| Resources | Licence, Grocery supplies, Containers, disposable racks and shelves, Packaging material etc. |
| 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. |
| Profit Margin | ₹ 50,000 to ₹ 2.5 Lakh monthly |
3. Fast Food Corner:
Starting a fast food business in Indore is like opening a cool food shop. First, you gotta find a good spot, like near a busy market or where lots of people go. Ground floor shops are great because everyone can see them easily. Now, why is Indore special? Well, it’s a big city, and people here love tasty food. They want quick bites like burgers, fries, and chaat.
| 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 service market will exhibit a CAGR of 11.19% by 2028. |
| Profit Margin | 30% – 40% |
4. 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 Indore 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 a CAGR of 30.2%. |
| Profit Margin | 30% – 40% |
5. Tuition Classes
If you like teaching, then starting tutoring is something you can explore in Indore. To get success in this business you need to choose any subject in which you have good knowledge. Specialising in a subject doesn’t necessarily mean having a certification in that subject. It means to have good knowledge in that particular subject.
| Investment | ₹50,000 to ₹60,000 for opening coaching centre |
| Resources | Credibility and reputation, space for students to assemble, basic amenities, equipment (for example, projectors, lab equipment, etc.), access to the internet, etc. |
| Market Demand | Market researchers expect that the private tutoring market size will grow at a CAGR of 9.4% |
| Profit Margin | The profit margin of private tuition is very high, i.e., as high as 90% mainly because there is a very low operating cost involved. |
6. Candle-Making Business
Starting a candle business in Indore is like opening a cool shop that sells candles. It’s a big city, and people here love candles. They use them during festivals like Diwali and Christmas. As people get more money, they spend it on nice things. So, if you make beautiful candles, they’ll come to your shop. Try different shapes, colors, and scents. Maybe you’ll create the perfect “Indore Scent” that everyone loves!
| Investment | ₹20,000 – ₹3 Lakhs |
Resources | Supplies (wax, wicks, fragrance oils, dyes), Equipment (melting pot, thermometer, molds), Packaging materials (jars, labels, boxes), Marketing materials and channels (website, social media), Workspace or studio setup, Knowledge of candle-making techniques and safety protocols. |
| Market Demand | In 2022, the value of the global market size was ₹98160 crore (approx.). It is expected to grow at a CAGR of 5.7%. |
| Profit Margin | 20-60% on total revenue. |
7. Beauty Parlour
Starting a parlour business is one of the best business ideas in Indore. To start this business there is no need for a big investment, you can start this business from your own home. If you have enough space at home and a good sense of makeup you can easily attract customers. By starting this business You can easily make a good profit.
| Investment | ₹50000 to ₹60000 |
Resources | Shops and Establishments Act registration, trading licence, Rent out location, Buy the equipments and products, Hiring Staff. |
| Market Demand | The personal grooming sector in India will acquire a value of ₹ 20 lakh crores in 2023. Furthermore, it will grow at a CAGR 3.8% from 2023-2027. |
| Profit Margin | 25% – 35% |
8. Organic Food Business
Today, lots of people prefer Organic food due to its nutritional benefits and health. There are lots of people who are concerned about their health and try to avoid harmful chemicals that are used in food products. So starting an organic food business is one of the best business ideas in Indore.
| Investment | ₹8 – ₹9 Lakhs |
Resources | Reliable sources, organic food products, storage space, office space, packaging materials |
| Market Demand | The additional health benefits offered by organic products are the driving force behind the popularity and market expansion of this sector. From 2023-2028 this sector will register a CAGR of 23.8%. |
| Profit Margin | Up to 50% |
9. Sweets Shop Business
Indore is special because people here love their sweets! Whether it’s jalebi, gulab jamun, or mouthwatering barfi, they crave those sugary delights. So, whip up your best recipes and spread the sweetness! Remember, every business needs proper paperwork and licences. So, get those sorted, and soon your sweet shop will be the talk of the town!
| Investment | ₹1.5 Lakhs – ₹4 Lakhs. |
| Resources | Licence, raw materials, office space/store, staff, packaging materials, storage space, equipment and machines, containers, etc |
| Market Demand | From 2023-2028, the Indian sweet industry will exhibit a CAGR of 19.1%. The current market value of this segment is ₹5230.7 crores. |
| Profit Margin | 20% – 30% |
10. Namkeen Making Business
Today, Indore city produce Ratlami sev, Garadu Chaat, and Poha (paired with jalebi!). These flavours, passed down through generations, blend tradition with innovation. With around 2.5 lakh tonnes of namkeen produced daily, starting your own business here means you are also becoming part of Indore’s snacking industry. So, it can be a great idea in Indore to start.
| Investment | ₹5 Lakhs – ₹10 Lakhs |
| Resources | Space or Building, Funds, FSSAI Registration, GST Registration, Trademark Registration, Raw Materials like Gram Flour, Fine Flour, Salt, Spices, Peanuts, Lentils, Machinery, labour etc. |
| Market Demand | The namkeen market in India is estimated to grow at a CAGR of 8.42% between 2023 and 2027. |
| Profit Margin | 30% – 40% |
Conclusion:
If you are thinking of starting your business in Indore there are lots of business ideas in Indore 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 Indore or new business ideas in Indore their growing economy welcomes everyone.
These ideas are just a starting point. With the right approach and understanding of the local market, there are many opportunities to create a successful small business in Indore.
FAQs – Business Ideas in Indore
1. What are the Top 10 Business Ideas in Indore?
Bakery Shop, Grocery Shop, Fast Food Shop, Digital marketing Company, Tuition Classes, Candle-Making Business, Beauty Parlour, Organic Food Business, Sweets Shop, Namkeen Business are the top 10 business ideas in Indore.
2. How can I find the best business idea in Indore?
To find the best business idea in Indore, 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.
3. Can I start a small business in Indore under 50,000?
Yes, there are lots of business ideas that you can start with under 50,000 such as Grocery Store, Bakery Business, Tuition Classes, Beauty Parlor, Candle making business and many others.
4. Starting a business in Indore is a good idea?
Starting a business in Indore is a solid idea. It’s a place where common small businesses like food stalls, clothing shops, and tech services run with nice profit. Indore offers a great environment for entrepreneurs to start and grow their businesses.
