Business

Indian origin Akshay now youngest millionaire in Britain; here’s how

Though Indian origin Britishers are one of the most influential communities in the Great Britain, one such 19-year-old stood aside when his online estate agency business got valued at 12 million pounds in just over a year. This made him one of the Britain’s youngest millionaires as well. The credit goes to millionaire Akshay Ruprela also because he juggled his school work with negotiating property deals for his no-frills business. He offers to sell properties for a fraction of the cost charged by established high street estate agents. The online estate agency “doorsteps.co.uk” became the 18th biggest estate agency in the UK just 16 months after the website went live. Ask Akshay and he would tell you that he has already 100 million pounds worth of properties since he set up his business.

“I got the website up and running and after a couple of weeks a man in Sussex asked me to sell his home and a separate chunk of land he owned beside it. “I had to pay my sister’s boyfriend 40 pounds to drive me to Sussex to take photographs of the house, as I hadn’t passed my driving test and didn’t have a car,” he recalls.
The north London-based schoolboy was able to sell the property and land within three weeks, which set the ball rolling. He started his company with 7,000 pounds, borrowed from relatives and now employs 12 people. In the initial stages of his business, he hired a call centre to answer calls coming in to his work while he was at school and would return the calls after his classes. His model is based on hiring an ever-expanding network of self-employed mothers across the UK, who show clients around the properties he has been asked to sell. The teenage tycoon believes his model is set to turn the property selling market away from agents in flashy suits.
Ruparelia attributes the idea to set up a small business to reading the biography of no-frills airline Ryanair founder Michael O Leary.

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