MARRIAGE PALACE (WEDDING HALL)

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Indian  traditions are so rich and our  emotional  standards are so high that most of the ceremonies/functions become simply a monument  of  show-off and extravagance.  Even  an  ordinary  man spends so luxubirantly on the marriages that it becomes a  burden on him for the whole life.

But,  crux of this evil is to be found out before  lamenting on what hell is going on by way of marriages and parties of  high standard.  The moneyed people actually spend so extravagantly  on these occasions that lower strata of people start feeling sort of nothingness if they don’t perform their functions almost with the same  pomp  and  show.  In this way a  bling  race  starts  which ultimately ends in the bankruptcy and similar other brunts on the remaining life of the average or low strata of people who  happen to perform such personal functions.  An average man in the rising price  conditions  is even otherwise very much  troubled.   These extraordinary events break the very back bones of normal families whenever  these occasions are celebrated.  This extravagance  and personal show must go. But, how?

Standardization  is  the answer.  The  government  has  been enforcing  several laws against extravagance in marriages.   But, these are of no result.

The traditional Indian wedding, a chaotic mix of color, food, music and melodrama, has undergone a makeover, and spawned a new industry.

The marigolds are being replaced by orchids, the impromptu song and dance by professionally choreographed performances, folk songs have given way to the latest Bollywood remixes and the cuisine is Thai, Italian, Vietnamese, you name it. Then add signature cocktails, bespoke wedding stationary, live twitter updates and more.

The Indian wedding is getting bigger and fatter and the wedding planner presiding over it is now a key part. No longer the preserve of the super-rich, upper middle class Indians are also looking to outsource their big day to professionals, from online planners to hands-on coordinators, who promise a glitch-free event.

Recession-proof industry

The stakes are high. In the top 15 cities of the country, people usually spend between 2 million rupees ($30,000) and 20 million rupees ($300,000) on three to five days of celebrations, and an estimated 10 million weddings take place every year. This makes it a $3 billion dollar market, according to industry experts. Add expenditure on clothes, jewelry and match-making services, and the Indian marriage industry is estimated at a whopping $40 billion.

INTRODUCTION
RECESSION-PROOF INDUSTRY
PROSPECTIVE OF WEDDING CEREMONIES
A GOLDEN BUSINESS
OVERVIEW OF INDIAN WEDDING INDUSTRY
THE WEDDING MARKET IN INDIA
THE PROSPERING ALLIED INDUSTRIES
PRESENTLY RUNNING MARRIAGE HALLS
ORGANISATIONAL ASPECTS IN MARRIAGE HALL
LOCATION:
SIZE AND NUMBER:
STAFF AND WORKERS:
SUPPLIERS OF EQUIPMENTS
KITCHEN & CATERING EQUIPMENTS

APPENDIX – A:

1.      COST OF PLANT ECONOMICS
2.      LAND & BUILDING
3.      PLANT AND MACHINERY
4.      FIXED CAPITAL INVESTMENT
5.      RAW MATERIAL
6.      SALARY AND WAGES
7.      UTILITIES AND OVERHEADS
8.      TOTAL WORKING CAPITAL
9.      COST OF PRODUCTION
10.      PROFITABILITY ANALYSIS
11.      BREAK EVEN POINT
12.      RESOURCES OF FINANCE
13.      INTEREST CHART
14.      DEPRECIATION CHART
15.      CASH FLOW STATEMENT
16.      PROJECTED BALANCE SHEET

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Additional information

Plant Capacity

MARRIAGE PALACE (WEDDING HALL)

Land and Building

(10 Acres)

Plant & Machinery

Rs. 57.50 Lacs

Rate of Return

13%

Break Even Point

56%

profit on sales per year

Rs.6.30 Cr