Kicked off corporate job worth Rs 25 lakh, adopted the path of Ola cabs; Interesting debate on viral story of owner of 5 vehicles

In today’s era, when every youth of the country is running after campus placements, tags of big companies and huge packages worth lakhs, then what would you say to someone who rejects his well-paid job of Rs 25 lakh? These days, a similar story has attracted the attention of netizens on the social media platform X. A man has claimed that his MBA pass brother gave up a lucrative corporate offer of Rs 25 LPA and started driving Ola cabs on the roads and today he owns 5 vehicles. But now a big debate has started on the internet on the financial mathematics hidden behind this motivational sounding story.

Fed up with office restrictions and said goodbye to the corporate world

On social media, a user named ‘Sachan’ has shared the story of this unique decision of his brother. According to the post, her brother had an MBA degree and after hard work, he had secured an excellent package of Rs 25 lakh per annum from a big company. But he did not like being confined in the office cabin from morning till evening and the strict rules and regulations of the corporate world. Finally, one day he said goodbye to this glittering world and took a very bold and unconventional decision of becoming an Ola cab driver.

Society and relatives taunted harshly

When a highly educated boy earning millions suddenly decided to drive on the road, as expected he faced strong opposition from his loved ones and society. Sachan told that his relatives were the most upset with his decision, who taunted him and said, “What did you think and what happened after doing such expensive studies?” Other people in the society also believed that the boy had shot himself with an ax and ruined his entire education. But despite all these bitter words and taunts, he did not give up and stuck to his decision.

3 years of hard work and a journey of 5 cars: What is the real mathematics?

According to the claim, after initially starting the work with a single vehicle, he gradually converted his work into a small business model. Within the last 3 years, it has built a total fleet of 5 cars on the Ola platform.

You can easily understand both the aspects of this viral story from the table given below:

Why are the claims being questioned on the internet?

This story may inspire any youth at first sight, but astute users of social media have caught hold of the economic mathematics behind it and have raised serious objections to it. People say that earning Rs 1.5 lakh every month directly means that his annual income is around Rs 18 lakh. Now users are asking how earning Rs 18 lakh by maintaining 5 vehicles is a better and profitable deal than the fixed corporate job of Rs 25 lakh which he was getting without any investment?

Logical Analysis of a Social Media User:

“If we add the annual insurance of 5 cars, periodic servicing, salary of the drivers who drive them, Ola’s commission and the most important thing – the rapidly depreciating assets of the vehicles every year, then this business does not seem to be a profitable but a loss-making deal. Apart from this, the annual increment, bonus, PF available in a corporate job and the opportunities for career growth in future, are available in this cab. There would have been more than just a fleet. This entire post seems to be just a publicity stunt or a way to get attention.”

The craze of doing one’s own work and starting one’s own startup or business is increasing rapidly among the youth in the world. But how right is it to ignore ground reality and financial planning in this journey of business? The ongoing debate on this viral story from China forces us to think about this.