Business Description:Starting with the world's first truly 'use and eat' Edible Cutlery being manufactured under the trade-name 'BAKEYS' (spoons, forks, knives, chopsticks) as an alternative to plastic disposable cutlery. BK aims to develop a range of other such innovative environmental solutions.
We are basically into 2 product lines - One is making fast food out of jowar which is a better alternative to junk food. Junk food causes a lot of problems, therefore we use jowar to make the same type of products, retaining the same elements but excluding junk which makes it nutritious without compromising on taste.
The other product line we are into, is making disposable cutlery which is environment friendly.
Industry:Retail/ Consumer-based
Founded in:2005
Source of idea:Systematic search for business opportunity
Significant Competitors:Potato Pack (UK), Potato Plates (New Zealand)
Company Details :
Company Name:B.K.Environmental Innovations
HeadQuarters:Hyderabad
Stage of the company:Several customers or locations
No of Employees (2006):6-15
No of Employees (2007):16-25
Office Locations(2006):0-1
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):preprofit
Profits (2007):preprofit
>Partnerships:Working on a partnership with Times Group
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:By sale of products
Awards & honors:-1st Top 10 finalists in CII
-Featured in 'Week Japan', 'Asian Times (HongKong)'
-Also featured in Business Outlook and other magazines
Promoters Details :
Promoters Name(s):Narayana Peesapaty
Age:42
HomeTown:Hyderabad
Education:Masters Indian Institute of Forest Management (IIFM)
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Researcher at International Water Management Institute
Ex-Job Description:Research
Favorite Book/Movie:Nothing specific
