> @Abhi How can one start their own web hosting company with a small budget ? How do we acquire necessary hardware assets ?
Effectively, yes, but instead of acquiring hardware (and taking the hit in terms of cost, depreciation, etc_ you'd become a "boutique" or "one stop shop" management house for AWS, Google Cloud etc. This is how Stablepoint does it.
Several ISP's these days offer reseller packages where you can create your own brand etc whimsy using someone else's infrastructure as @admin pointed out above. However, the island are notoriously low grade meaning that if you do get several clients, thereupon are likely to complain about speed and quality at some point.