Karsanbhai Patel Net Worth is660 $Million
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Karsanbhai Khodidas Patel (b. 1945, Ruppur, Mehsana, Gujarat) is an Indian industrialist, founder of the Rs. 2500 crore (USD 500 mn) Nirma group with major interests in detergents, soaps and cosmetics. In 2005 Forbes listed his net worth as USD $640 million. He has interests in education, and founded a leading pharmacy college (Nirma Institute of Pharmacy), leading engineering college, (Nirma Institute of Technology). He is sometimes referred to as K. K. Patel.
Born into a farmer family from north Gujarat , Karsanbhai finished his B.Sc. in Chemistry at age 21 and worked as a lab technician, first in the New Cotton Mills, Ahmedabad, of the Lalbhai group and then at the Geology and Mining Department of the state Government. In 1980 , Karsanbhai set up Nirma, (named after daughter Nirupama) selling detergent powder. This was an after-office business - the one-man company would bicycle through the neighbourhoods selling handmade detergent packets door to door. At a price of Rs. 3 per kg, (one third the price of leading detergents), it was an instant success.
After three years, Karsanbhai felt confident enough to quit his job. Later he said, "The lack of any such precedent in my family made the venture fought with fear of failure. But farmers from North Gujarat are known for their spirit of enterprise." Karsanbhai set up shop at small workshop in an Ahmedabad suburb. The Nirma brand quickly established itself in Gujarat and Maharashtra.
The high quality and low price of the detergent made for great value. Fuelled by housewife-friendly advertisement jingles, Nirma revolutionized the detergent market, creating an entirely new segment in the economy for detergent powder. At the time, detergent and soap manufacture was dominated by multinational corporations with products like Surf by Hindustan Lever, priced around Rs. 13 per kg. Within a decade, Nirma was the largest selling detergent in India. Since production was labour intensive, Nirma also became a leading empl

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Karsanbhai Patel Latest News

The secret ingredient of wealthy people

Dhirubhai Ambani’s foresightedness and risk-taking abilities made him into the man we all know today. Karsanbhai Patel Nirma is one of the most popular and widely used detergent brands. The man behind the brand’s success is Karsanbhai Patel.
Posted: June 13, 2017, 10:13 pm

Ahmedabad LCB continues Nirma investigation

The Local Crime Branch (LCB) of the district police on Thursday continued their investigation into the intrusion at Nirma group promoter Karsanbhai Patel's residence. The Local Crime Branch (LCB) of the district police on Thursday continued their ...
Posted: January 6, 2012, 11:17 am

How Hiren Patel, the son of Nirma founder Karsanbhai Patel, revitalised the group

AHMEDABAD | MUMBAI: The recent silver streaks in his beard lends an air of sobriety and gravitas but don't let the unassuming exterior or the taciturn nature fool you. Hirenbhai K Patel is the quintessential Gujarati with a no-nonsense attitude, a weakness ...
Posted: July 12, 2016, 6:35 am
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