It is believed that there is no age limit for achievement, and Bihar resident Abdusamad has proven this by founding a million-dollar firm at the age of 15. At the age in which children are engaged in sports, studies and fun, Abdusamad is giving employment to people. Its friends say that Samad is very intelligent since childhood, he loved writing stories in his spare time in childhood, he did not get so much pocket money from home as he wanted, so he charge 5-5 rupees to read his stories from friends.
Being very intelligent in studies, the family decided to make Abdusamad a doctor and his parents sent him to Kota to prepare for NEET. After coming to Kota, he became very independent, he got the phone and started getting the money he wanted, which took his mind away from studies, and he started trying something new, Inspired by chai sutta bar, Samad opened his own tea shop, despite the lack of money.
Then inspired by Zomato, opened his own grocery Delivery start up, After wasting a lot of money of parents, studies also got ruined and start-ups were also closed. When friends started making fun, he replied to friends, I am an entrepreneur, I will not give up, tell me What is the biggest business of Kota, I will do that, A friend named Shailesh said hostel but you do not have the guts to open your own hostel,Samad did research and went to the property’s owner with a friend and started talking for hostel in lease, All the property owners refused to give lease to Samad by speaking child, but the owner of a property in New Rajiv Gandhi Nagar agreed to give him hostel lease.Samad borrowed some money from some of his friends and started his own hostel, The number of hostels then began to rise, and he founded a group Of Hostel, which he called Shabnamstays because Samad's mother's name is Shabnam. And Shabnamstays is now a private limited company and now Shabnamstays is also growing in cities like Delhi.
Shabnamstays is Well known for providing hostels with good facilities to the students at very low fares.Abdussamad wants to give opportunity to every child to study, and Affordable Student Accommodation is very important for him, Samad says we don't focus on giving premium or good look to rooms, we try to make hostels affordable by cutting cost So that even the poorest students of any house can afford our hostels and complete their studies. Whether a company like Stanza Living is working in the luxury hostel model, will be able to make Shabnamstas profitable in the affordable hostel model, only time will tell, but it is a big deal to build such a big startup at the age of 15.
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