Harrow & Brent United Deaf Club are pleased to see our members Renuka Ruparelia and her son Akshay on TV Show – This Morning (19th October 2017 at 10.30am).
‘What an inspiration!’ This Morning viewers praise Britain’s youngest self-made millionaire who set up £12m estate agent while in school – and still cares for his deaf parents at home
- Entrepreneur Akshay Ruparelia, 19, is Britain’s youngest self-made millionaire
- He set up an online estate agent in school and the business is now worth £12m
- Teenager appeared on This Morning and was hailed ‘an inspiration’ by viewers
- He still lives at home with his parents Renuka and Kaushik, who are both deaf.
A teenager who started a multi-million pound estate agency while still in school has been hailed as an ‘inspiration’ by This Morning viewers.
Entrepreneur Akshay Ruparelia – nicknamed Alan Sugar by his friends – set up an online estate agency while still at sixth form and his business has been valued at £12 million in just over a year, making him Britain’s youngest self-made millionaire.
But Akshay, now 19, has not let the success go to his head and revealed on This Morning today that he still lives at home in London so that he can care for his parents, Renuka and Kaushik, who are both deaf.
His ‘humble’ lifestyle won over viewers who praised the teenager for being ‘determined’ and ‘committed’.
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One viewer, named Kerry, tweeted: ‘What a charming & clever young man! His vision & drive is incredible & he seems very humble too Good luck to him.’
A second added: ‘#Thismorning What an inspiring young man. How proud his family must be.. bought a tear to my eye.’
In the early days of doorsteps.co.uk Akshay hired a call centre service to answer his company switchboard while he was in class and rang clients back after the school bell rang.
At the same time he was also studying for exams at Queen Elizabeth High School in Barnet, London, and still managed to get five A’Levels, three at A* and two A grades in maths, economics, politics, history and financial studies.
Meanwhile at home Akshay was responsible for caring for his parents. Speaking on This Morning, he said taking on the responsibility at a young age had helped him improve his time management and other skills essential to growing a business.
Akshay has had to put plans of studying economics and management at Oxford University on hold because the firm he set up at school is expanding so rapidly.
The confident teenager is now on a mission to put traditional High Street estate agents out of business because they charge thousands of pounds in commission to sell a house and he can do it for just £99.
His idea is proving so popular that this week Akshay’s company became the 18th biggest estate agency in the UK – just 16 months after his website went live.
The firm, which he started after persuading family members to loan him £7,000, already employs 12 people and is growing rapidly.
Appearing alongside her son on This Morning, Renuka explained that she was very supportive of her son’s idea from the beginning and was happy to loan him money.
Her words were translated through sign language by Akshay.
He recently raised £400,000 from investors on a crowd funding enterprise website in exchange for 3.25 per cent of his business. With the teenager and an uncle owning the remaining shares he is theoretically already worth millions.
The company pride themselves on low fees and good customer service.
It is recruiting an ever expanding network of mothers across the UK, who work on a self-employed basis showing clients around properties he has been asked to sell. They are already operating from Cornwall to the Scottish Highlands.