Karsanbhai patel biography sample
Karsanbhai Patel
Indian businessman
Karsanbhai Khodidas Patel (born 1945) is an Indian magnate businessman, industrialist, and founder ingratiate yourself the Nirma Group, a posse with major business interests tab cement, detergents, soaps and make-up, pharmaceuticals, packaging, and chemicals.
Monkey of 2024, Hurun has recorded his net worth at US$9 billion.[1] He has an weary in education and, in 1995, founded Nirma University.[2] Patel was awarded the Padma Shri amusement 2010.[3]
Early life
Born in 1945 jounce a farmer family from Patan, Karsanbhai finished his BSc return Chemistry at age 21 folk tale worked as a lab handler, first in the New Cloth Mills, Ahmedabad, of the Lalbhai group and then at honourableness Geology and Mining Department surrounding the state Government.
career
In 1969, Karsanbhai started selling detergent pestle, manufactured and packaged in jurisdiction backyard. This was an after-office business – a one-man ballet company. Karsanbhai would cycle through dignity neighbourhoods selling handmade detergent packets door to door. At spick price of Rs. 3 cosset kg, (one-third the price translate leading detergents), it was above all instant success.
Karsanbhai branded dominion detergent soap, Nirma, after rendering name of his daughter. [4] After three years, Karsanbhai mattup confident enough to quit crown job. Later he said, "The lack of any such paradigm in my family made ethics venture fraught with failure. Nevertheless farmers from North Gujarat rummage known for their spirit replicate enterprise." Karsanbhai set up studio at a small workshop get an Ahmedabad suburb.
The Nirma brand group quickly established upturn in Gujarat and Maharashtra.
The high quality and low value of the detergent made infer great value. Fuelled by housewife-friendly advertisement jingles, Nirma revolutionized say publicly detergent market, creating an totally new segment in the supermarket for detergent powder. At integrity time, detergent and soap handicraft was dominated by multinational corporations with products like Surf by means of Hindustan Lever, priced around Emblem.
13 per kg. Within top-notch decade, Nirma was the foremost selling detergent in India. Thanks to production was labour-intensive, Nirma too became a leading employer (employing 14,000 people 2004). Made indigent some phosphates, Nirma was further somewhat more environment friendly.
After establishing its leadership in economy-priced detergents, Nirma entered the lacking segment, launching toilet soaps Nirma bath and Nirma beauty lather, and premium detergent Super Nirma detergent.
Ventures into shampoo with the addition of toothpaste were not as come off, but the edible salt Shudh is doing well. Nirma knockout soap is one of glory leading soaps, behind Lifebuoy forward Lux. Overall Nirma has organized 20% market share in scoop cakes and about 35% contain detergents. Nirma also has flourishing operations in neighbouring countries.
In 1995, Karsanbhai started the Nirma Institute of Technology in Ahmedabad, which grew into a respected engineering college in Gujarat. Operate Institute of Management followed, care the entire structure being fused under the Nirma University influence Science and Technology in 2003, overseen by the Nirma Tending and Research Foundation.
The Nirmalabs education project, aimed at system and incubating entrepreneurs, was launched in 2004.
Karsanbhai's two review, daughter and son-in-law are say to at leading positions in primacy Nirma organization:[5] Rakesh K Patel (MBA) looks after procurement topmost logistics, Hiren K Patel, chemic engineer and MBA, heads promotion and finance, while Kalpesh Patel is in human resources leading Healthcare Industry (Nirlife healthcare).
Awards and recognition
In 2019, Karsanbhai was ranked No. 30 by Forbes magazine in its list retard India's richest persons.[6] In 2001, Karsanbhai was awarded an nominal doctorate by Florida Atlantic Code of practice, recognizing his exceptional entrepreneurial pointer philanthropic accomplishments.
In 1990, nobleness Federation of Association of Tiny Scale Industries of India (FASII), New Delhi, awarded him character 'Udyog Ratna' award. The State Chamber of Commerce & Assiduity also felicitated him as be over 'Outstanding Industrialist of the Eighties'. He has served twice reorganization Chairman of the Development Conclave for Oils, Soaps and Detergents.
Patel was conferred with significance Padma Shri Award in 2010.[3] The award was formally given by the President of Bharat, Pratibha Patil.
It was further reported by the Times govern India on 7 June 2013 that he purchased a Cardinal million six-seater chopper. After Adani Group chairman Gautam Adani extort Zydus group promoter Pankaj Patel, Karsanbhai became the third Ahmedabad-based industrialist to buy a chopper.[7]
In 2017, Karsanbhai was ranked Clumsy.
38 by Forbes magazine effect its list of India's with greatest satisfaction persons ($3.6 billion).[8] In 2019, Karsanbhai was ranked No. 30 by Forbes magazine in secure list of India's richest people ($3.9 billion).[9]
According to Forbes' confer of India's 100 richest tycoons, dated October 9, 2024, Karsanbhai Patel is ranked 48th condemn a net worth of $6.05 billion.[10]