Bhushan and Vinay were pursuing Electrical Engineering from a prestig…

Bhushan and Vinay were pursuing Electrical Engineering from a prestigious engineering college. During their third year they developed a solar LED bulb which can be used indoors. The bulb had a small panel which had to be charged at a stretch for 10 hours in the sun and it would last for 200 hours of usage. The idea was risky as there was a possibility that the market might not accept such a product, but if they do so, then, there would be a revolution in the power industry as it would lead to saving of power in every household. The prototype was made but to manufacture and distribute the same, they required around 5 Crores. Both Bhushan and Vinay approached some affluent individuals who were ready to invest in their business in exchange for a convertible debt. After a month they started their business Bright and Shine Pvt ltd. The business was a success and made a profit of Rs. 25 lakhs at the end of the first year.
Identify the form of business organisation from the above case study.