Biography of Akshay Narvekar: Founder & CEO of Bombay Shirt Company- Entrepreneur
Biography of Akshay Narvekar:
Akshay Narvekar’s journey into the world of fashion began
with a bold step away from a conventional career path. Raised in Mumbai,
Narvekar pursued his higher education in Economics and Political Science at the
University of Michigan, Ann Arbor. After graduation, he joined BCBG Max Azria
in Los Angeles, where he worked in Strategy & Operations for over four
years. This experience in the fashion industry laid a solid foundation for his
entrepreneurial ambitions. However, it was his return to India that set the stage
for a transformative idea.
A Personal Need Sparks an Idea
Upon returning to India, Narvekar found himself increasingly
frustrated with the limited options for custom-made clothing. His unique size
made off-the-rack shirts unsuitable, and the process of getting clothes
tailored involved a cumbersome journey through fabric markets and tailor shops.
This personal inconvenience turned into a passion for custom design, as
Narvekar began to enjoy the process of selecting fabrics and designing his own
shirts. Recognizing a gap in the market, he saw an opportunity to create a
solution that combined convenience with personalization.
The Birth of Bombay Shirt Company
In 2012, Akshay Narvekar launched the Bombay Shirt Company
(BSC), a pioneering venture in India’s fashion e-commerce landscape. The idea
was simple yet revolutionary: to allow customers to design and tailor their own
shirts online. With minimal initial investment and a vision to revolutionize
custom clothing, Narvekar launched the company’s website. This innovative
approach allowed customers to create shirts to their exact specifications
without needing to visit physical stores, filling a significant gap in the
market.
From Online Innovation to Brick-and-Mortar Expansion
The success of Bombay Shirt Company’s online model prompted
Narvekar to explore physical retail spaces. Despite initially focusing solely
on e-commerce, he realized the value of having a physical presence. The first
store opened in Kala Ghoda, Mumbai, became a game-changer for the company. It
not only exposed the brand to a broader audience but also provided valuable
insights into customer preferences and shirt design improvements. This successful
venture into physical retail laid the groundwork for further expansion.
Biography of Akshay Narvekar: Founder & CEO of Bombay Shirt Company- Entrepreneur/Startup/Age/Net worth/custom-made shirt/Success story of Akshay N.
A Strategic Blend of Tradition and Technology
Bombay Shirt Company’s unique approach merges Mumbai’s rich
tailoring heritage with modern technology. Narvekar’s team developed a
proprietary sizing model called FitSmart, which streamlines the customization
process by capturing precise measurements and preferences. This technological
innovation ensures that customers receive a perfectly fitting shirt every time,
enhancing the overall shopping experience and building a loyal customer base.
Commitment to Sustainability
Sustainability is a core value at Bombay Shirt Company. The
made-to-order model eliminates excess inventory, significantly reducing waste.
The company focuses on using limited quantities of high-quality fabrics and
eco-friendly packaging materials. By prioritizing ethical production practices
and valuing the resources behind each garment, BSC stands out as a conscious
brand committed to reducing its environmental impact.
Navigating the Competitive Fashion Landscape
In a highly competitive fashion market, Bombay Shirt Company
distinguishes itself through its commitment to personalization and customer
satisfaction. Narvekar's strategy involves staying informed about industry
trends through podcasts, social media, and reading. This approach helps him
remain relevant and adaptable, ensuring that BSC continues to meet evolving
customer preferences while maintaining its brand identity.
Expanding Product Offerings
Encouraged by customer demand, Narvekar decided to diversify
the product range beyond shirts. The company introduced custom-made pants,
jeans, chinos, and T-shirts. This expansion required careful consideration of
new fabrics, design elements, and sizing challenges. By assembling a
knowledgeable team and leveraging customer feedback, Bombay Shirt Company
successfully integrated these new product categories into its offerings.
Building Strong Partnerships
Bombay Shirt Company has collaborated with various creative
individuals and brands to produce limited edition collections. Notable
partnerships include collaborations with designers and artists such as Che
Kurrien, Shweta Malhotra, and Bobo Calcutta. These collaborations not only
enhance the brand’s appeal but also introduce unique designs that resonate with
customers.
Personal and Professional Growth
Akshay Narvekar’s journey is marked by personal and
professional growth. After completing his MBA in Finance & Strategy from
the Indian School of Business, Hyderabad, he worked at Everstone Capital
Private Equity before venturing into fashion design. His diverse experiences
have shaped his entrepreneurial approach, combining strategic thinking with a
passion for fashion.
Embracing New Challenges
Narvekar’s decision to start Bombay Shirt Company was driven
by a combination of personal interest and entrepreneurial spirit. Despite
initial challenges, including securing funding and establishing a market
presence, Narvekar's perseverance and innovative thinking propelled the company
forward. The brand’s growth from a small startup to a well-known name in fashion
is a testament to his dedication and vision.
Looking to the Future
As Bombay Shirt Company continues to evolve, Narvekar
remains focused on enhancing customer experience and expanding the brand’s
global reach. With a commitment to personalization, sustainability, and
innovation, the company is poised to make a lasting impact on the fashion
industry. Narvekar’s journey reflects his belief in the power of creativity and
the importance of staying true to one’s vision.
Timeline of Akshay Narvekar’s Career
2007-2011: Worked in Strategy & Operations at BCBG Max
Azria, Los Angeles.
2012: Launched Bombay Shirt Company (BSC) in India, focusing
on custom-made shirts.
2013: Opened the first physical store in Kala Ghoda, Mumbai.
2014: Introduced FitSmart, a proprietary sizing model.
2015: Expanded product range to include pants, jeans,
chinos, and T-shirts.
2016-Present: Collaborated with designers and artists for
limited edition collections.
2020: Completed MBA in Finance & Strategy from the
Indian School of Business, Hyderabad.
Present: Focused on enhancing customer experience and global
expansion of BSC.