Radhe Shyam Agarwal
$1.3B
Born
Feb 01, 1945
Age
80
Source of Wealth
consumer goods
Residence
Kolkata,
Citizenship
India
Marital Status
Married
Children
3
Education
LLB, Calcutta University; M.Com, Calcutta University; Chartered Accountant, Institute of Chartered Accountants of India; Company Secretary, Institute of Company Secretaries of India
- Radhe Shyam Agarwal gets his wealth from his stake in consumer goods company Emami, which he cofounded with his buddy Radhe Shyam Goenka.
- Emami's range of more than 300 products, including popular brands Zandu balm and antiseptic cream Boroplus, are sold across millions of retail outlets.
- Agarwal also has interests in real estate, edible oils and healthcare.
- In 2019, Agarwal and Goenka sold their privately held cement business to fellow billionaire Karsanbhai Patel's company for $730 million.
- Agarwal sold the majority of his stake in AMRI Hospitals to billionaire Ranjan Pai's Manipal Group in 2023.
- Agarwal and Goenka were school friends who gave up corporate jobs to start Emami in 1974.
- Emami introduced India's first fairness cream for men in 2005.
- His son Harsha is vice chairman and managing director of the listed flagship Emami.
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