Manikchand Group

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Manikchand Group is a group of industries in India that primarily started out as a company that produced chewable tobacco products called 'Gutka'. Today, Manikchand Gutka is the leading producer of Gutka in India.

Profile

Headquartered in Pune, the Manikchand Group is a privately owned group of industries in India. It primarily started out as a company that produced chewable tobacco products called 'Gutka' around six decades ago.[1] The group is diversified into Pan Masala, Mouth Freshner, Packaged Water, Offset Printing, Wedding Cards, Flexible Packaging, Electrical Switches, Flour Mills. Some of the industry products act as a front for surrogate advertising through the audio-video media channels due to strict restrictions or bans on tobacco advertising in India.[2] Its products are exported to more than 30 countries worldwide.[3]

Ownership

The company is owned by Rasiklal Manikchand Dhariwal was valued at Rs. 8 billion (800 crore) around 2007.[4] A rags-to-riches story, Rasiklal has led a somewhat controversial life, with raids on his property in August 1997 where assets worth Rs. 116 million (11.6crore) were found in cash and kind.[5] He was also in the news in 2005 for alleged links with the underworld mafia. Rasiklal and Jagdish Joshi, of Goa Gutka, were interrogated by the Central Bureau of Investigation (CBI)), India for allegedly helping noted gangster, Dawood Ibrahim to build a gutka plant in Karachi.[6] He has two wives, one who stays in Shirur while the other stays in the Koregaon Park suburb of Pune.[7]

References

  1. ↑ "Welcome to Manikchand Group". Manikchand.net. Retrieved 2010-12-30. 
  2. ↑ "South Asia | India to ban tobacco advertising". BBC News. 2003-12-11. Retrieved 2010-12-30. 
  3. ↑ "Gutkha story uncovers mafia links". Moneycontrol.com. Retrieved 2010-12-30. 
  4. ↑ "Tobacco Today online". Tobacco Today online. Retrieved 2010-12-30. 
  5. ↑ "Dhariwals unperturbed by raids on gutkha empire". Indianexpress.com. 1997-08-06. Retrieved 2010-12-30. 
  6. ↑ "The People's Paper". Tehelka. Retrieved 2010-11-23. 
  7. ↑ RAKESH BHATNAGAR, TNN, Mar 11, 2005, 07.28pm IST (2005-03-11). "Rasiklal Dhariwal to appears before CBI on Apr 4 - The Times of India". The Times of India. Retrieved 2010-12-30. 


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