Moothedath Panjan Ramachandran is an Indian businessman from Thrissur, Kerala. He is the Founder and Chairman Emeritus of Jyothy Labs.[2]
Career
In 1971, he started working as an accountant while getting a post graduation in financial management in Bombay (now Mumbai). Since his childhood, Ramachandran had washed his own clothes but was dissatisfied with fabric whiteners results. One day he got a chemical industry journal that talked about "purple-colored dyes helping textile makers get the most brilliant shades of white". The phrase ignited an idea. Ramachandran experimented in his kitchen for a year–boiling, diluting and testing–until he was pleased with the results.
In 1983, a brother lent him Template:Currency (less than Template:Currency) to set up a makeshift factory on family land in Kerala. He named his firm Jyothy after his first daughter. In the first year, sales totaled Template:Currency (Template:Currency today) and profits were Template:Currency.[3][4][5][6]
References
- ↑ Jyothy Labs MD retires, daughter to take over. The Times of India.
- ↑ Jyothy Labs MD retires, daughter to take over. The Times of India.
- ↑ India's Jyothy Laboratories Keeps It Clean. Forbes.
- ↑ Jyothy Laboratories Ltd. Businessweek.
- ↑ Jyothy Laboratories. Moneycontrol.com.
- ↑ Battle of the blues.