In an exclusive interview with Neeraj Tiwari, Michelle Poonawalla, the Managing Director of Poonawalla Group and philanthropist, shared her insights on overcoming challenges in business, the role of women in entrepreneurship, and how India can achieve true development.
What were the biggest challenges you faced when you entered the business world?
Navigating any field—whether business or art—comes with its share of challenges. I’ve learned that things don’t always go exactly as planned, and being adaptable is key. Some of the biggest hurdles I faced were stepping into uncharted territories, where I had to balance my creative instincts with strategic decisions. There were times when I had to prove myself in environments where expectations were predefined. However, over time, I realized that it’s often the unexpected paths that lead to the most meaningful achievements. The ability to adapt and trust the process was invaluable in overcoming these challenges.
What advice would you give to young founders looking to build their own business?
My advice is to always lead with purpose and passion. Success follows when you are deeply committed to something larger than yourself. Stay determined, believe in yourself, and never lose sight of your goals. It’s important to be authentic and trust your instincts, especially in the early stages of your entrepreneurial journey. Building a solid support system—mentors, peers, and collaborators—who can challenge and uplift you is crucial. It’s also important to embrace lifelong learning, as the business world is constantly evolving. Finally, remember to balance hard work with self-care—taking time to reflect, recharge, and enjoy the process will keep you grounded and focused on the long-term vision.
As a woman in business, what challenges do women entrepreneurs in India face, and how are they overcoming them?
Indian women entrepreneurs have made remarkable strides across various industries, from tech to the arts. Their resilience and creativity are incredible. However, there are still significant challenges. Access to funding, mentorship, and the prevalence of traditional mindsets are some of the barriers women continue to face. Many women must work harder to prove their credibility in male-dominated fields. That said, things are improving. With evolving policies, changing societal attitudes, and the rise of strong networks where women support each other, the future is looking brighter. The key is perseverance and creating environments where more women can thrive.
What role do women entrepreneurs play in India’s development, and how can we foster greater inclusion in the economy?
True development in India will come when we create an ecosystem that offers equal opportunities, fosters innovation, and ensures inclusive growth. A mindset shift towards gender equality is essential. Women entrepreneurs have a pivotal role to play in this transformation. They bring unique perspectives, drive economic change, and establish businesses that focus on sustainability and community development. Empowering women not only uplifts individuals but also strengthens families, communities, and the economy at large. We need to foster more female-led ventures, support women in leadership positions, and encourage young girls to dream big and pursue their entrepreneurial aspirations. By doing so, we will contribute to a truly inclusive, progressive India.
Michelle Poonawalla’s insights provide a beacon of hope for aspiring women entrepreneurs. Her unwavering belief in adaptability, authenticity, and the power of community is a reminder that challenges are an integral part of the journey, and resilience is key to overcoming them. With the right mindset and support, women can continue to break barriers and shape a more inclusive and prosperous future for India.
