New Delhi.: The hospitality and tourism sector plays a vital role in driving economic growth, creating employment opportunities and promoting regional development. However, expanding businesses in this sector often requires substantial financial support to develop world-class infrastructure and meet growing customer expectations. Demonstrating how institutional support can accelerate entrepreneurial growth, BP Sons Pvt. Ltd., established in Lucknow, Uttar Pradesh, owned by Manish Verma, has emerged as a leading destination for recreation, hospitality and social events. The company’s journey reflects the transformative impact of the Venture Capital Fund for Scheduled Castes (VCF-SC) under the Ministry of Social Justice and Empowerment.
BP Sons Pvt. Ltd. has established a modern amusement park featuring electrical and mechanical rides, water-based recreational activities, multi-cuisine dining facilities and a well-equipped banquet hall for weddings, conferences and social gatherings. With its quality infrastructure and integrated hospitality services, the enterprise has gained strong recognition and built a loyal clientele across the region.
Mr. Manish Verma
Recognising the project’s potential to generate employment and contribute to the local economy, the Venture Capital Fund for Scheduled Castes extended financial assistance of ₹4.81 crore in 2015 through venture capital assistance comprising equity and optionally convertible debentures. The financial support strengthened the company’s expansion plans and enhanced its operational capabilities.
Integrated Amusement Park, Banquet Hall & Hospitality Services
The financial assistance enabled the company to expand its existing business operations, strengthen community engagement, enhance premium wedding and event services under a unified business model and meet the increasing demand for quality hospitality services. The project also generated direct and indirect employment opportunities for local people while helping the enterprise establish a strong customer base in the competitive hospitality sector.
Amusement Park Facility
Integrated Amusement Park, Banquet Hall & Hospitality Services
The impact of the intervention has been significant. Today, the enterprise has increased its total workforce from 14 to 25 employees, including 12 Scheduled Caste/Backward Class employees and 13 non-SC/BC employees. The company’s asset base has also witnessed remarkable growth, increasing from ₹1.21 crore to ₹6.65 crore, reflecting sustained business expansion and improved financial strength.
Mr. Manish Verma
Reflecting on the journey, Mr. Verma said:
“The support received under the Venture Capital Fund for Scheduled Castes (VCF-SC), Ministry of Social Justice and Empowerment, enabled us to expand our business, strengthen operational stability and enhance our hospitality and event services. Today, BP Sons Pvt. Ltd. has established a strong customer base and continues to generate employment while contributing to the growth of the hospitality sector in Uttar Pradesh.”
The success of BP Sons Pvt. Ltd. demonstrates how targeted financial support under the Venture Capital Fund for Scheduled Castes (VCF-SC) is enabling Scheduled Caste entrepreneurs to establish sustainable enterprises that generate employment, strengthen regional tourism and hospitality infrastructure and contribute to inclusive economic development. By fostering entrepreneurship and supporting business expansion, the Ministry of Social Justice and Empowerment continues to empower entrepreneurs, create livelihoods and build sustainable futures across the country.
