Billionaire Profile
Karsanbhai Patel
Global Rank
#1087

Image: Public domain | via Wikimedia Commons

Karsanbhai Patel

CEO, Nirma
IN
Real-Time Net Worth
$3.8B
As of December 2025
Age
80
Source
Consumer goods, cement
Industry
Diversified
Citizenship
IN

Biography

Karsanbhai Patel, born in 1945, is an Indian billionaire and industrialist best known as the founder of the Nirma Group. Starting with a small detergent business in his backyard, Patel revolutionized the Indian consumer market with affordable, high-quality products. His journey from a lab technician to a successful entrepreneur has resulted in a diversified conglomerate with interests in consumer goods, cement, and education. As of December 5, 2025, his estimated net worth is $3.8 billion, reflecting his significant wealth and impact on the Indian economy.

Wealth Over Time

In-Depth Profile

Early Life

Karsanbhai Khodidas Patel was born in 1945 in Ruppur, Gujarat, India, into a farming family. Despite facing financial constraints, his family valued education. He earned a B.Sc. in Chemistry, laying the foundation for his future entrepreneurial endeavors.

Rise to Success

Patel's career began as a lab technician. In 1969, he started manufacturing detergent powder in his backyard, selling it door-to-door on a bicycle. He named his product "Nirma" after his daughter, Nirupama. The detergent was priced at a significantly lower rate than competitors, quickly gaining popularity. This affordable pricing strategy disrupted the market, making Nirma a household name and challenging established multinational brands. Within three years, the business flourished, allowing Patel to quit his job and focus on Nirma full-time.

Key Business Strategies

Patel's success stemmed from several key strategies: offering high-quality products at affordable prices, a direct-to-consumer sales model initially, and housewife-friendly advertising. The innovative marketing, coupled with the brand's value, helped Nirma capture a significant market share and become a leading detergent brand. The company diversified into soaps, cosmetics, and cement, expanding its market presence.

Philanthropy

Patel is also known for his commitment to education. In 1995, he founded the Nirma Institute of Technology, which later became part of Nirma University. This demonstrates his belief in the importance of education and his dedication to social progress.

Career Milestones

1966

Lab Assistant

Began his career as a lab assistant at New Cotton Mills, followed by the Gujarat government's Department of Mining and Geology.

1969

Founded Nirma

Started manufacturing and selling detergent powder from his backyard, naming it Nirma after his daughter, Nirupama.

1972

Quit Government Job

Left his job to focus on the flourishing Nirma business.

1980

Established Nirma Ltd.

Formal incorporation of Nirma Ltd. enabling the establishment of its first manufacturing facility.

1995

Founded Nirma Institute of Technology

Founded the Nirma Institute of Technology in Ahmedabad.

2010

Awarded Padma Shri

Received the Padma Shri Award for his contributions to Indian business and entrepreneurship.

Philanthropy & Social Impact

Education

Nirma University

Undisclosed

Founded the Nirma University to promote higher education.

Business Philosophy & Leadership

Notable Quotes

""The lack of any such precedent in my family made the venture fraught with fear of failure. But farmers from North Gujarat are known for their spirit of enterprise.""

Leadership Principles

Value for Money

Providing high-quality products at affordable prices to the masses.

Innovation

Using indigenous methods and creating new market segments.

Customer-Centricity

Focusing on the needs and preferences of the consumers.