India's highest paid consumer product CEO is not a man known to grace magazine covers. But he is visually familiar to a vast swathe of the population.
The 94-year-old Dharampal Gulati is the sprightly old man with a turban promoting masala brand MDH on television commercials and on every packs.
The fifth grade school dropout took home more than Rs 21 crore as salary last fiscal+ , higher than Adi Godrej and Vivek Gambhir of Godrej Consumer, Sanjiv Mehta of Hindustan Unilever and ITC's YC Deveshwar.
His company Mahashian Di Hatti, popularly known as MDH, posted a 15% jump in revenues to Rs 924 crore with a 24% increase in net profit at Rs 213 crore.
Gulati, who is also called Dadaji or Mahashayji, is the man who diligently makes his daily round of factories, markets and dealers including on Sundays until he is satisfied everything is in order in the company where he holds 80% stake.
"My motivation to work is being sincere in product quality sold at affordable prices. And nearly 90% of my salary goes to charity in my personal capacity," said Gulati, the second-generation entrepreneur who joined MDH nearly 60 years ago.
What his father Chuni Lal started as a small shop in Sialkot, Pakistan, way back in 1919 is now a Rs 1500 crore empire which runs the masala company, about 20 schools and a hospital. After the partition of the country, Gulati moved to a shop in Karol Bagh in Delhi and has since opened 15 factories supplying 1000 dealers in India.
MDH has offices in Dubai and London and exports to about 100 countries. His son manages the overall operations now and six daughters handle distribution region wise.
The 94-year-old Dharampal Gulati is the sprightly old man with a turban promoting masala brand MDH on television commercials and on every packs.
The fifth grade school dropout took home more than Rs 21 crore as salary last fiscal+ , higher than Adi Godrej and Vivek Gambhir of Godrej Consumer, Sanjiv Mehta of Hindustan Unilever and ITC's YC Deveshwar.
His company Mahashian Di Hatti, popularly known as MDH, posted a 15% jump in revenues to Rs 924 crore with a 24% increase in net profit at Rs 213 crore.
Gulati, who is also called Dadaji or Mahashayji, is the man who diligently makes his daily round of factories, markets and dealers including on Sundays until he is satisfied everything is in order in the company where he holds 80% stake.
"My motivation to work is being sincere in product quality sold at affordable prices. And nearly 90% of my salary goes to charity in my personal capacity," said Gulati, the second-generation entrepreneur who joined MDH nearly 60 years ago.
What his father Chuni Lal started as a small shop in Sialkot, Pakistan, way back in 1919 is now a Rs 1500 crore empire which runs the masala company, about 20 schools and a hospital. After the partition of the country, Gulati moved to a shop in Karol Bagh in Delhi and has since opened 15 factories supplying 1000 dealers in India.
MDH has offices in Dubai and London and exports to about 100 countries. His son manages the overall operations now and six daughters handle distribution region wise.
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