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

Quantum leaps: Nine billionaires who saw their wealth soar

The promoter group holds about 65 percent of the company. The low-profile Karsanbhai Patel, 73, saw his wealth skyrocket from $500 million in 2009 to $3.6 billion in 2017. Nirma, the company he set up ...
Posted: May 18, 2018, 4:00 am

Karsanbhai Patel: The man who nurtured brand Nirma like a daughter

With $1.4-bn Lafarge deal, Karsanbhai Patel's risk-taking abilities are on display once again. The fact that Karsanbhai Patel, founder and chairman of Nirma, began his entrepreneurial journey in the l...
Posted: July 11, 2016, 9:21 pm

Slippery thieves in soap king’s house

It was a close shave for chairman of Nirma group Karsanbhai Patel and his family early on Wednesday. A gang of seven armed goons broke into the sprawl Open in app + English
Posted: January 4, 2012, 7:55 pm
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