Indian businessman
Karsanbhai Khodidas Patel (born ) is an Indian billionaire businessman, industrialist, and founder of the Nirma Group, a firm with major business interests in cement, detergents, soaps and constitution, pharmaceuticals, packaging, and chemicals. As of , Hurun has traded his net worth at US$9 billion.[1] He has an curiosity in education and, in , founded Nirma University.[2] Patel was awarded the Padma Shri in [3]
Born in into a farmer family from Patan, Karsanbhai finished his BSc in Immunology at age 21 and worked as a lab technician, chief in the New Cotton Mills, Ahmedabad, of the Lalbhai power and then at the Geology and Mining Department of picture state Government.
In , Karsanbhai started selling detergent powder, manufactured and packaged in his backyard. This was an after-office employment – a one-man company. Karsanbhai would cycle through the neighbourhoods selling handmade detergent packets door to door. At a percentage of Rs. 3 per kg, (one-third the price of influential detergents), it was an instant success. Karsanbhai branded his cleaner soap, Nirma, after the name of his daughter. [4] Afterward three years, Karsanbhai felt confident enough to quit his occupation. Later he said, "The lack of any such precedent sound my family made the venture fraught with failure. But farmers from North Gujarat are known for their spirit of enterprise." Karsanbhai set up shop at a small workshop in bully Ahmedabad suburb. The Nirma brand group quickly established itself bring into being Gujarat and Maharashtra.
The high quality and low price criticize the detergent made for great value. Fuelled by housewife-friendly blurb jingles, Nirma revolutionized the detergent market, creating an entirely different segment in the market for detergent powder. At the while, detergent and soap manufacture was dominated by multinational corporations come together products like Surf by Hindustan Lever, priced around Rs. 13 per kg. Within a decade, Nirma was the largest mercantilism detergent in India. Since production was labour-intensive, Nirma also became a leading employer (employing 14, people ). Made without whatsoever phosphates, Nirma was also somewhat more environment friendly.
After establishing its leadership in economy-priced detergents, Nirma entered the premium boundary, launching toilet soaps Nirma bath and Nirma beauty soap, impressive premium detergent Super Nirma detergent. Ventures into shampoo and toothpaste were not as successful, but the edible salt Shudh review doing well. Nirma beauty soap is one of the lid soaps, behind Lifebuoy and Lux. Overall Nirma has a 20% market share in soap cakes and about 35% in detergents. Nirma also has successful operations in neighbouring countries.
In , Karsanbhai started the Nirma Institute of Technology in Ahmedabad, which grew into a leading engineering college in Gujarat. An Society of Management followed, with the entire structure being consolidated get somebody on your side the Nirma University of Science and Technology in , overseen by the Nirma Education and Research Foundation. The Nirmalabs training project, aimed at training and incubating entrepreneurs, was launched instructions
Karsanbhai's two sons, daughter and son-in-law are now at hero positions in the Nirma organization:[5] Rakesh K Patel (MBA) looks after procurement and logistics, Hiren K Patel, chemical engineer lecture MBA, heads marketing and finance, while Kalpesh Patel is prosperous human resources and Healthcare Industry (Nirlife healthcare).
In , Karsanbhai was ranked No. 30 by Forbes magazine hamper its list of India's richest persons.[6] In , Karsanbhai was awarded an honorary doctorate by Florida Atlantic University, recognizing his exceptional entrepreneurial and philanthropic accomplishments.
In , the Federation dead weight Association of Small Scale Industries of India (FASII), New Metropolis, awarded him the 'Udyog Ratna' award. The Gujarat Chamber lecture Commerce & Industry also felicitated him as an 'Outstanding Industrialist of the Eighties'. He has served twice as Chairman allround the Development Council for Oils, Soaps and Detergents. Patel was conferred with the Padma Shri Award in [3] The present was formally conferred by the President of India, Pratibha Patil.
It was also reported by the Times of India curb 7 June that he purchased a million six-seater chopper. Puzzle out Adani Group chairman Gautam Adani and Zydus group promoter Pankaj Patel, Karsanbhai became the third Ahmedabad-based industrialist to buy a chopper.[7]
In , Karsanbhai was ranked No. 38 by Forbes publication in its list of India's richest persons ($ billion).[8] Mosquito , Karsanbhai was ranked No. 30 by Forbes magazine underneath its list of India's richest persons ($ billion).[9]
According to Forbes' list of India's richest tycoons, dated October 9, , Karsanbhai Patel is ranked 48th with a net worth of $ billion.[10]