Top 10 Business Opportunities in Coimbatore

When thinking of starting a business in Coimbatore, two things come to mind in a flash – textiles and educational institutions. For ages, Coimbatore has always been one of the biggest exporters of fine textiles, while boasting of housing the best-in-class institutes for higher education.

When it comes to starting a business, it is no wonder that the Silicon Valley of India, Bangalore, has witnessed the most successful startups. However, the grass is not always green on the other side as it looks. Starting a business in such big cities might seem lucrative at first, but you also face the consequences if you do not succeed.

It is a known fact among entrepreneurs that it is usual to fail before you finally embark on a successful business, especially if it is a startup. On the contrary, unfortunately, failing is still not an option in these major cities of our country.

Best Business Opportunities In Coimbatore

1. Wholesale textile business
2. Tours and travel agency
3. Dress shop
4. Online platform for social media influencers
5. Real estate agent
6. Embroidery services
7. Coaching center
8. Organic fertilizers retail shop
9. Recruitment firm for unskilled labors
10. Career development center

When you hit a dead-end while executing your business idea and become demotivated, you require some external motivation and validation that encourages you never to give up. People in Coimbatore can become your biggest source of external motivation that will help you to get up and try again, each time you face failures in your endeavor. 

Apart from the people’s heartwarming mindset, the weather is also favorable, which highly increases the business opportunities in Coimbatore. The city is located a four-hour drive away from the IT hub of India, Bangalore, which also makes it a favorable location among entrepreneurs.

Coimbatore has earned its name as the city of thinkers and doers who works hard and smart to build the next big thing. From automobile spare parts manufacturing to engineering firms to health care centers, Coimbatore has it all.

Among the plethora of different business ideas that you might have in your mind, the ones that are related to clothes, education, and tourism will get an upper edge in this city.

Coimbatore, the home of mills, is gradually becoming the hub of startups, mentors, and investors, which are all backed by a strong motivating community that encourages entrepreneurship.

If you are one of those nonconventional entrepreneurs searching for some of the best business opportunities in Coimbatore, this article will be your one-stop guide. Read on to find out the top 10 business ideas (in no particular order) that you can start in Coimbatore with a significantly lower amount of initial capital investment.

1. Wholesale Textile Business

Investment	₹50,000 to ₹2,00,000
ROI	6 to 12 months
Profit	₹15,000

Textile business is one of the most lucrative business ideas that have the potential to earn massive profits without involving any invention. Whether you start a manufacturing unit or a wholesale or even a retail business for garments, you are sure to bag in huge profits with minimal investment.

Scope of this business

Coimbatore is renowned for its best-in-class textile manufacturing. With a plethora of manufacturing units scattered all-round the city, you can purchase garments in bulk from any well-known manufacturer at a marginalized rate and start your own garment wholesale business in Coimbatore.

You can start your garment wholesale business by renting a physical shop in the city at first. Once your business begins to gain popularity among your customers, then you can venture out in the online world and start selling your garments on the popular and trusted e-commerce website.

Reasons for starting this business

• Product-based business
• Always in-demand business
• Sell both offline and online
• Highly lucrative

2. Tours And Travel Agency

Investment	₹30,000 to ₹50,000
ROI	12 months
Profit	₹9,000to ₹18,000

If the city where you plan to start a new business is naturally full of scenic beauty, then venturing into the tourism industry will prove profitable. A tours and travel agency sells holiday packages to some exotic international destinations and also arranges proper itinerary for the tourists who come to visit your city.

Scope of this business

​Coimbatore is a city that lies in the abode of Mother Nature. With the picturesque mountains to spectacular waterfalls, Coimbatore has everything to provide a long rejuvenating vacation to all its tourists. A tour agency is a naturally favorable business idea in Coimbatore, where all you need to do is utilize the city’s scenic beauty to turn it into a profitable business. You can operate this business online and save the overhead costs, which you had to incur while renting a place to start your business. Reasons for starting this business

• Coimbatore is a natural tourist magnet
• Can start online
• No overhead costs
• Profitable
• Read more: How Start a Travel Agency Business in India?

3. Dress Shop

Investment	₹1,50,000 to ₹3,00,000
ROI	1 to 2 years
Profit	₹35,000 to ₹45,000

You would be surprised to know that the clothing market is a 15 billion dollar industry in India. A dress shop is technically a store that sells women’s apparel and jewelry, but nowadays, with the ever-changing fashion trends, it has become a one-stop-cloth-shop for both women and men.

Scope of this business

You already know that Coimbatore is a major hub for premium quality textiles, and hence, owning a dress shop in this city is obviously lucrative. Gone are the days when people only used to buy clothes during a few occasions all-round the year. Nowadays, wearing the latest trending clothes are always en vogue.

Keeping the city’s advantages in mind, a dress shop is, by far, one of the best, business ideas in Coimbatore from which you can easily earn a sizeable amount of profit every month, once your store gains some popularity.

Reasons for starting this business

• Coimbatore is the city of textiles
• Product-based business
• Always in-demand business
• Highly profitable
• Read more: How to Start a Boutique in India?

4. Online Platform For Social Media Influencers

Investment	₹15,000
ROI	4 to 5 months
Profit	₹4500 to unlimited

In the era of social media, connecting with anyone from any corner of the world has become as easy as pie. The social media sites are flooded with people who call themselves influencers, having hundreds of thousands of followers.

Creating an online platform for connecting the influencers with the brands has become a ripe business idea in Coimbatore where all you need to do is build a website that will serve as a medium between companies and social media influencers. Help the companies to find and connect with the right type of influencer to market and advertise their products.

Scope of this business

The most significant advantage of this business is that you can start it from your home’s comfort. Numerous companies are always on the lookout to market their products by incurring minimal advertisement costs, which these influencers fulfill.

Your job would be to connect a brand with a suitable social media influencer based on geographical location. Create significant portfolios of such influencers on your website with details that showcase their social media popularity in all the eminent social media platforms.

Reasons for starting this business

• Minimal initial investment
• In-trend business
• Online business
• Highly flexible
• No overhead costs

5. Real Estate Agent

Investment	₹10,000
ROI	1 year
Profit	₹10,000 to ₹20,000

If given proper time and done in the right locations, a real estate business can eventually turn out to be a highly lucrative business. This is one of the very few business ideas in which the initial capital investment is significantly lesser than that of other businesses. 

Scope of this business

Although Coimbatore is not a metropolitan city like Chennai or Bangalore, it has numerous automotive spare parts manufacturing units as well as a plethora of educational institutions. This indicates that more and more people flock to Coimbatore either for work or study, and hence, the demand for properties never ceases.

This is one of the few business opportunities in Coimbatore that you can start solo with an investment of less than ₹10,000. It surely does require a decently long enough time for this business to mature, but if you can use your networking skills and tie-up with a renowned builder in the city, then breaking even won’t take much time.

Reasons for starting this business

• Meager initial investment
• Can start solo
• No overhead costs
• Highly profitable in the long run
• Always in-demand business

6. Embroidery Services

Investment	₹12,000 to ₹15,000
ROI	2 to 3 months
Profit	₹3,600 to ₹10,000

Handmade embroidery is an art that is always in demand in the textile industry. From dresses to bedsheets to handkerchiefs, embroidery is used in all.  If you have a natural flair for designing and embroidery is the skill that you find yourself naturally good at, then an embroidery service will be aptly suitable for you.

Scope of this business

Coimbatore is a place where there will never be a dearth of textiles. With easy access to a lot of raw materials (plain garments), starting an embroidery service business will be comparatively simpler.

The initial capital investment of this business is minimal, with no extra overhead expenses. Design the garments in accordance with the latest fashion trends, and it won’t be long before you break even and scale up your embroidery service business in Coimbatore.

Reasons for starting this business

• Product-based business
• Minimal initial investment
• Transform your passion into profession
• Always in-demand business
• Read more: How to Start Embroidery Business in India?

7. Coaching Center

Investment	₹70,000 to ₹1,00,000
ROI	6 months to 1 year
Profit	₹21,000 to ₹40,000

Coaching centers have been an ever-profitable business in the education industry, especially in the metropolitan cities across our country. Nowadays, it has become a necessity among students to take coaching for numerous competitive exams that are held either state-wise or on a national level.

Scope of this business

If you have been providing tuitions classes for a while and have gathered enough experience in teaching students appearing for competitive exams, then starting a coaching center will be the best way to scale up your business.

Starting a coaching center business requires the teachers to have expertise in diverse subjects for specific competitive exams. Few essential requirements to start your coaching center are – to hire subject-specific experts, provide study materials, and arrange seating space for students. 

Reasons for starting this business

• Coimbatore is a hub for higher education
• Always in-demand business
• Highly lucrative
• Read more: How to Start a Coaching Institute Business in India?

8. Organic Fertilizers Retail Shop

Investment	₹50,000 to ₹70,000
ROI	5 to 6 months
Profit	₹15,000 to ₹20,000

With the overabundance of chemical fertilizers flooding the market, the quality of green vegetables has degraded way below tolerance level. The harmful chemical fertilizers pollute not only the crops and vegetables but also the soil and groundwater. To fight this pollution, the demand for organic fertilizers has increased enormously.

Scope of this business

Coimbatore is a city that produces high-quality cotton and farmers require good quality fertilizers to get the best yield. This creates the demand for your organic fertilizer shop. Unlike the chemical fertilizers, organic fertilizers do not harm the environment, due to which they have become the need-of-the-hour.

Reasons for starting this business

• Environment-saving business
• Organic fertilization is the need-of-the-hour
• High in-demand business
• Profitable

9. Recruitment Firm For Unskilled Labors

Investment	₹15,000 to ₹20,000
ROI	1 to 2 years
Profit	₹4,500

For those who have recently graduated from college or wanting a job change, there are numerous recruitment firms and websites that help them find their desired jobs. Similarly, you can start a recruitment firm for unskilled laborers. Your firm will act as a connection bridge between companies and laborers, and you can earn high commission.

Scope of this business

There is a plethora of companies that require daily wage laborers to complete their projects, but they often fail to get in touch with them. Starting a recruitment firm would enable the companies to get efficient laborers, but you would also help the laborers keep getting constant payable jobs.

Reasons for starting this business

• Minimal initial capital investment
• Commission-based business
• Solves a problem of the poor laborers

10. Career Development Center

Investment	₹40,000 to ₹50,000
ROI	1 years
Profit	₹12,000to ₹20,000

For every career development center, providing quality soft skill training to students is the ultimate aim. From communication to managerial skills, any well-renowned career development center provides them all. To enhance your service’s authenticity, a formal certification upon course completion to the enrolled students is imperative.

Scope of this business

Coimbatore is witnessing a boom in major IT and BPO companies. This increases the requirement of employees who have an arsenal of polished soft skills along with their educational degrees. Your career development center will help these students to hone their communication or computer skills before landing on their dream jobs.

Reasons for starting this business

• Minimal initial investment
• High in-demand business
• Highly lucrative

Final Thoughts

All the business ideas listed above have been tailor-made for Coimbatore. These businesses are some of the most lucrative and time-tested businesses that you can start in Coimbatore with meager initial capital investment.

Always remember that no matter where you end up embarking on a new business endeavor, either offline or online, you are bound to face competition. A true entrepreneur is one who, despite all the challenges and hindrances, never fails to get up even after failing numerous times.