Karsanbhai Patel’s profile picture

Karsanbhai Patel

Karsanbhai Patel’s profile picture
Net worth 2018: $3.51 Billion
Industry: Diversified
Residence: Ahmedabad, India
Country: India
Children: 3
BIOGRAPHY

Karsanbhai Patel was born in Ahmedabad, India, India. Karsanbhai Patel is #619 in List Billionaires People In The World. Low-profile founder of Nirma, Karsanbhai Patel, got his start mixing detergents in his backyard and selling them door-to-door on his bicycle. His low-price Nirma brand sparked a detergents war with bigger rivals such as Unilever and Procter & Gamble. Today Nirma is one of the largest producers of soda ash in the world. Patel has long handed over operations to the next generation and took the company private in 2012. In 2016 Nirma acquired the Indian operations of French cement major Lafarge for $1.4 billion.

NET WORTH STATISTIC
2016

$1.6 Billion

2017

$2.6 Billion

2018

$3.51 Billion

TIMELINE
2017

In 2017, Karsanbhai was ranked #38 by Forbes magazine, for the list of India's Richest persons ($ 640 million)

2013

It was also announced on June 7, 2013 that he bought 40 crores six-seater chopper

2010

Patel has been conferred with Padma Shri Award for the year 2010

2009

In 2009, Karsanbhai was ranked #92 by Forbes magazine, for the list of India's Richest persons

2004

The Nirmalabs education project, aimed at training and incubating entrepreneurs, was launched in 2004

2003

An Institute of Management followed, with the entire structure being consolidated under the Nirma University of Science and Technology in 2003, overseen by the Nirma Education and Research Foundation

2001

In 2001, Karsanbhai was awarded an honorary doctorate by Florida Atlantic University, recognizing his exceptional entrepreneurial and philanthropic accomplishments

1995

In 1995, Karsanbhai started the Nirma Institute of Technology in Ahmedabad, which grew into a leading engineering college in Gujarat

1990

In 1990, the Federation of Association of Small Scale Industries of India (FASII), New Delhi, awarded him the 'Udyog Ratna' award

1969

In 1969, Karsanbhai started selling detergent powder, manufactured and packaged in his backyard

1945

Karsanbhai Khodidas Patel (born 1945, Ruppur, Mehsana, Gujarat) is an Indian industrialist, founder of the Rs

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