Aakanksha Bhargava is one among the increasing number of women forging their family business to success. The CEO of Gurugram-based PM Relocations operates on both B2C and B2B models with a clientele of over 500 MNCs.
Aakanksha Bhargava has been the CEO of Gurugram-based PM Relocations, a packers and movers company founded by her father in 1986, for nearly a decade and a half. Then came COVID-19, and the second-generation entrepreneur found herself in an industry that was no longer relevant.
As the only child in her family, Aakanksha was the natural heir to the business and was keen on taking part in the business at a young age. After completing MBA from SP Jain School of Global Management in 2007, she decided to see if she enjoys working in her family business for six months.
That's when Aakanksha, then 21, started learning about every facet of the business, from acting as a customer service executive to understanding import and export shipments. Between 2007 and 2012, when she became the CEO of PM Relocations, Aakanksha started working with team members across cities to see business operations in different locations.
In 2007, her father's tiny business, which he started with Rs 70,00 from her mother's savings as a teacher, brought in Rs 3 crore in revenue. The company's presence in India grew from three to thirteen cities under Aakansha's leadership.
In fact, the business also expanded to offer international relocation services in the US and Singapore. It eventually diversified into fine art moving and pet moving as well. The business closed its last financial year, clocking a revenue of Rs 75 crore. In FY 2021-22, it is targeting to hit Rs 100 crore revenue.
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