CEO, Housejoy
Achiever's Success Story
Nothing to lose; either swim or sink in the ocean of entrepreneurship.
We’re in an era that lays emphasis on a college degree and regular income that will pave the way for a stable life. Both elements were considered significant factors in one’s future, though the world has come a long way to be in the 21st century. Society may seem modern, yet falls back on conservative values time and again, and fails to encourage youngsters to take risks and follow their dream. Dropping out of college and becoming an entrepreneur was never an acceptable solution in the 2000s and will be always an arduous task to persuade parents and society to adapt to the entrepreneurial journey. It was never an easy task for Sanchit Gaurav to persuade his parents to permit him to drop out of college and go after his dream of becoming an entrepreneur. Initially, they looked down upon his decision and were in incredulity. How will he put his act together in the unpredictable and competitive corporate world was the only question in their minds, but eventually decided to endorse his journey.
He was quintessentially conscious of the tough road ahead of him when embarking on his entrepreneurial journey. He was always fascinated by buildings and their architecture and decided to explore that passion. Tucked somewhere within his mind were the fundamental problems that prevailed in the construction industry and on steps that would eradicate them. The sector has remained unorganised for ages and hence stronger resolutions will only enable it to function smoothly. With these thoughts in mind, he decided to float a construction company in the year 2004. He soon became the founder & CEO of Gaurav Housing Development Private Limited and subsequently became the Director of Altima Realty and Infra Private Limited. Both ventures were neither an easy ride nor a cakewalk. He stumbled upon distinctive challenges in convincing customers to use the services offered. Just as with any new venture, it was be a gigantic task for him to sign on his first customers. But with dedication and perseverance the company gradually witnessed exponential growth.
On his successful journey, he soon became founder and CEO of House Joy in 2018. Managing three companies parallelly would normally be a big ask, especially for a college dropout, but he rose to the occasion and smoothly steered his company to consistent growth, year after year.
House joy was initially a one-stop solution for on-demand services like home cleaning, painting, home salon, fumigation, electrical, carpentry and plumbing work. Under the stewardship of Sanchit Gaurav, the company soon added a construction vertical.
House joy then became a tech-enabled solution company for all home-related needs – right from construction to on-demand services thus creating a space for a unique experience for its users. The House joy team has a comprehensive understanding of the complexities involved in construction that enables the company to ensure that the entire construction process is hassle-free while constructing the home to meet customer’s specifications. The company takes 360-degree ownership of the projects from design, material supply to the construction of the house. A robust technological foundation and a seamless process helps them do that. This includes booking, design phase, documentation, physical execution, quality checks, payment management and the final handover of the completed project.
The company has so far raised investments to the tune of $30.2 million from investors such as Amazon, Matrix Partners, Growth Story and more. The company is working towards becoming the largest tech-enabled platform for construction and renovation in India. The company has completed quite a few projects in the IRC (interiors, renovation and construction) business last year. Under his leadership the company witnessed robust growth in all business verticals, 3x times, month on month, and have been spot on in most of its decision making.
Inspite of a robust growth rate, his leadership was put under the test as the world witnessed one of the worst pandemics. He remained cool as a cucumber while making business decisions, even during this catastrophic time and is sailing through pretty smoothly. Though the company experienced a slight decline in growth, he pulled the strings together and brought the company back on its growth trajectory.
He has an ambitious target ahead of him to make the company the largest tech-enabled construction company in India, within the next few years.
