2024-04-06 02:30:36
The business we can do in the market should be unique and the product we have should not be available anywhere else and should be very unique. This formula is the reason why certain companies stand out in the world even after many years. One such company is Vinat Organics..
One of the most important substances included in the pain reliever ibuprofen pill is IPP. Vinat Organics is a company that manufactures and supplies this to the world. This company was started in the year 1989.
It is founded by Vinod Saraf. Born in a middle-class family in Rajasthan, he excelled in studies from an early age. He graduated at the age of 17 and ranked first in the state. At the age of 19, he did his MBA from BITS Pilani and got a gold medal.
After completing his studies, he entered the textile industry. After learning the ins and outs of the industry for 10 years, he gradually changed companies and got promoted.
Under the leadership of Aditya Birla in the Birla Group, he was offered the position of Managing Director of Mangalore Refinery and Petrochemical Limited.
Similarly, he has held important leadership responsibilities in various companies like Crossing Industries, Modern Syntex, Wilwara Group.
At the age of 40, he quit his CEO role and started his own business with the aim of building a huge business empire of his own. That’s how he founded Vinat Organics in 1989.
He prepared a special medicine called Isopropyl Benzine. It is a very important ingredient that can be added to the pain reliever ibuprofen.
The company is currently exporting this chemical to USA, Europe and Asia. The company has 65% of the market for this chemical.
It has been operating as a debt free company and has been an unshakable company in the market for almost 30 years. The market capitalization of this company is 15,249 crores. Its share price in the stock market is Rs 1500.
Vinod Saraf’s net worth is around Rs 15,000 crore. He joins India’s Mukesh Ambani and Gautam Adani in the world’s richest list. In 2019, Haran topped India’s list of top entrepreneurs. Later he got a place in the list of the world’s richest people.
Story written by : Devika
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English summary
Vinod Saraf of Vinati Organics, state topper at 17 and MBA from BITS Pilani at 19.
Vinod Saraf of Vinati Organics, state topper at 17 and MBA from BITS Pilani at 19.
Story first published: Saturday, April 6, 2024, 8:00 [IST]
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