Entrepreneurship is vital for our future. Collectively we can make a change by closing the gap between men and women in the workforce.
Entrepreneurs are those adventurous, daredevils who drive deep into the pressing problems of society and try to find solutions to them, not by leaving the responsibilities in the reins of the government or business, but by trying to change systems as a whole and persuading societies to take new initiatives
In our Entrepreneur series today We are introducing you a very dynamic and popular Entrepreneur, who is known for his remarkable and outstanding performance in India and abroad who always believes in business and social entrepreneurship. Yes we are talking about Dr. Tausif Malik an Indian American Social Entrepreneur whose based in Chicago, USA & Pune, India, he shared his entrepreneurial journey with hellomumbai.com Editor-in-Chief Aleem Shaikh.
Hello Mumbai: Tell Something about Yourself and your organization All India Muslim Business Startup Network & Halal Angels Network.
Dr. Tausif Malik: I was born, raised, and educated in Pune. I was blessed with the opportunity to work in different countries. I did my schooling at prestigious Bishops High School & Crescent High School, did my B.Com & M.Com from Anjuman Khairul Islam’s Poona College, and MBA from the Institute of Management Education, Pune. My late father Ata Ur Rehman Malik wanted to become a Medical Doctor, but I couldn’t do that and for his happiness, I studied Doctorate in Business Administration (DBA) from Argosy University – Chicago, USA.
I have been involved in the startup industry since 1990, since I was a teenager, When I moved to Chicago, the USA in 2007. I lost everything to the great recession of 2007-2010 read about the Halal consumer and launched World’s First Muslim Spelling Bee competition and Masha Allah achieved great success. But tragedy struck. I lost my father and my mom had a major Spinal cord surgery. I decided to move back to India, Restarted my life again and established AIMBSN– All India Muslim Business & Startup Network (www.AIMBSN.com) to connect the Indian Muslim Community with Government of India Schemes for Business, it has four pillars foundation – Networking Events, Incubation & Acceleration Centers at minority schools, Venture Capital & Blockchain.
We when we decided to launch our Venture Capital fund, there were major financial Ponzi scams in the Muslim Community. Hence, we decided to work on Halal Angels Network.
Hello Mumbai: How did you come up with the idea for this business.
Dr. Tausif Malik: I had finalized to buy a franchise of a Global Business Television Reality Show, but the deal fell off. For this, we had done a lot of research, then I spotted that the Indian Muslim can be connected with the startup ecosystem this would help the economy. I planned to host a Networking conference, as no one was doing this we became viral.
At the same time, Prime Minister Narendra Modiji launched the Startup India Initiative.
Hello Mumbai: What is your Vision and Mission about AIMBSN?
Dr. Tausif Malik: The Vision & Mission about AIMBSN is to connect the Muslim Entrepreneurs with the Government of India’s Schemes & initiatives such as Make in India, Skill India, Digital India & Startup India, and also with various State Governments initiatives to promote entrepreneurship.
The main goal is to contribute to the vision of the Government of India to achieve the 5 Trillion Dollar Economy.
Hello Mumbai: What is AIMBSN and what are your plans for the expansion and growth of AIMBSN?
Dr. Tausif Malik: AIMBSN – All India Muslim Business & Startup Network is based on four pillars:
1. Networking
2. Incubation & Acceleration Centers at community schools
3. Angel Funding
4. Digitalization of the network through Blockchain Technology
We are expanding our network by offering a city-wise franchise model, where the franchise owner hosts monthly dinners and annual dinners.
Network is Networth. More people network more business opportunities.
AIMBSN events are attended by entrepreneurs, investors, academicians, students not only from the Muslim community but from all communities & religions.
Post COVID- Pandemic we would be taking the AIMBSN Franchise model to the international cities where there is a large Indian Diaspora and conducting events and conferences to inform them about the Government of India and State Government programs and schemes and opportunities.
This again is to do our small contribution towards the 5 Trillion Dollar economy and make India the top destination for Startups.
Hello Mumbai: Why it is important to encourage Entrepreneurship especially among Muslims?
Dr. Tausif Malik: I would entrepreneurship to be very important for the development of our Indian economy. Entrepreneurs create innovative ideas and businesses which not only create jobs, provide solutions but contribute back by paying taxes.
Hello Mumbai: How did your journey start as a founder of AIMBSN and the challenges you faced share with us?
Dr. Tausif Malik: An entrepreneur faces challenges every day.
With God’s grace, as our idea was a positive change-maker, and based on my previous experience. I planned out and worked with a target. But, I think my Mother’s Dua helped me overcome the challenges.
I don’t look at challenges but as an opportunity.
The biggest challenge we faced was due to the COVID pandemic we had to hold back our events and expansion plans.
But, we used this situation to connect with the Indian Diaspora (NRI) and planned for the post-COVID situation.
Hello Mumbai: Can you tell us about our projects?
Dr. Tausif Malik: As a company, we are identified Startup Ecosystem and Halal consumer market. Hence, along with AIMBSN we have two other networks.
Halal Angels Network to tap the 5 Trillion Halal Consumer Market ( According to Reuters). We are connecting the investors and startups who are into ethical and halal space.
Many people think Halal is only about food, but Halal is also an ethical code of conducting business.
Startup Villages (www.startupvillages.net) is a project where we are encouraging people to relocate to their home towns, this helps in maintaining family ties, high-cost savings, and an increase in local entrepreneurship and taxes. COVID has proved remote work is possible.
The idea of Reverse Migration I have been working on for a long time and In 2017, I had launched Bitcoin Training Program in association with the Dalit Indian Chamber of Commerce and Industry, where the rural youth would be trained and offered crypto mining rigs for Blockchain networks to operate. This was low-tech work in Blockchain technology and high income. We also had developed a project MAHAft (Maharashtra Future Technology) to promote the State of Maharashtra as the future technology capital of India.
Hello Mumbai: We hear you are working on a project for Maharashtra?
Dr. Tausif Malik: My roots are from Junnar, and we are proud to be Maharaj’s Mawal (Proud people of Chhatrapati Shivaji Maharaj).
We wanted to do something for my motherland and hopefully, we would launch it on Republic Day.
As we had to close our MAHAft (Maharashtra Future Technology), but we are now rebranding the project or rather rebuilding the project.
Hello Mumbai: Advice you would like to share with aspiring Entrepreneurs?
Dr. Tausif Malik:
1. Don’t copy others idea
2. Be original
3. Chase customers not investors
4. Respect your parents & elders, their blessings would help you overcome challenges.
Hello Mumbai: Does the startup Ecosystem has a bright future in India.
Dr. Tausif Malik: Yes, India is one of the top three startup destinations in the world.
Brief Introduction Of Dr. Tausif Malik:
Dr. Tausif Malik is an Indian American Social Entrepreneur based out of Chicago, USA & Pune, India. He is the creator of the World’s 1st & Largest Bitcoin Mining Training Program in association with the Dalit Indian Chamber of Commerce & Industry (DICCI). He believes in the Gandhian Philosophy of empowerment of Rural India through sustainable development. The sole objective is to promote and create a talent pool in Future Technologies creating sustainable development through “Reverse Migration”.
In 2015, Dr. Malik had returned back from USA to India and started developing AIMBSN– All India Muslim Business Startup Network to connect the Indian Muslim Businesses, Investors, and Startups to connect with each other and also to other business networks. AIMBSN established World’s 1st incubation and acceleration centres at minority schools in India to support entrepreneurship amongst students, parents, teachers and community. The schools get equity of 3% in every startup established at their schools, hence in long term they don’t need to depend on charity of grants, they earn profit and if the business gets acquired or funded they get returns.
He has launched World’s First Halal Angels Network targeting $ 5 Trillion dollars Halal Consumer market to support and entrepreneurs & startups to raise capital with Angels Investors. The funding gap is affecting the startups, businesses and entrepreneurs to scale the business and affecting the growth of Halal economy. Halal Angels Network had signed a strategic partnership HPN (Nahdlatul Ulama) signing news video and later HE Amin Ma’ruf launched our project https://
voinews.id/index.php/component/k2/item/8853-vice-president-appreciates-halalstart-
up-investor-network https://www.youtube.com/watch?v=x3JyOz_9P4w&t=6s
He recently launched Startup Villages for sustainable development, to promote reverse migration to villages in Italy & Japan. The project is aims to help families to live together, spend time together and relieve environmental and social pressure from cities. The time has come to relook business from environmental point of view. Dr. Tausif Malik was appointed as the first Global Chair of Muslim Democrats Abroad, to establish country chapters, support and educate about Democratic Party of USA to Non-Resident Americans and their right to vote from abroad. He was elected as a Treasurer to Democratic Party USA’s India Chapter (Democrats Abroad India). He is the creator of America’s Second Largest Spelling Bee competition Muslim Spelling Bee competition, AIMBSN.com, India’s only ecosystem to connect with the Indian Muslim Entrepreneurs, Businesses, Investors & Startups and MAHAft (Maharashtra – Future Technologies) platform to promote investment in the “State of Maharashtra & INDIA” as THE Ideal Destination for investment in Future Technologies such as Blockchain, Fintech, IoT, Machine Learning & Future Technologies.
He is Managing Editor & Publisher for www.GCCStartup.news – Gulf regions 1st Startup & Entrepreneurship News portal, www.StartupBerita.com -1st Startup & Entrepreneurship News portal for Brunei, Indonesia & Malaysia, Editor for the TheDesiTimes.com Chicago and Managing Publisher for Asianlite.com US editor. He has been nominated and shortlisted for Ellis Island Medal of Honor, USA; Global Islamic Economy Award promoted by His Highness Sheikh Muhammad Al Makhtoum ruler of Dubai, Prime Minister of U.A.E Dubai Government in association with Thompson Reuters. He has been a panelist for Guardian Newspaper, U.K. Dr. Tausif Malik was born and raised in Pune studied at Bishops School, Crescent SchooI, Poona College (B.Com & M.Com), Institute of Management Education (IME)(PGDBM), Pune & Argosy University-Chicago, USA Doctorate in Business Administration (DBA) thesis Online Purchase and Impact of Word of Mouth (WOM). He has been visiting & adjunct faculty at Suryadatta Group of Institutions, Symbiosis Institute of Business Management, Pune, Balaji Management Institutions, Pune. External Review committee member the University of Wisconsin, USA School of Architecture.
His first successful venture was when he created the recruitment advertising
branding format for IT companies in the year 1994; which has become an industry
standard. He had established Press Club Oman, this achievement was recognized by Government of Oman and was invited to co-author a book “Doing Business with Oman” co-published by UK Government. He is invited to various startup events as Judge, Mentor at major startup competitions. He has been written and featured in local, national and international media.
