From ₹8000 Loan to a ₹19,000 Crore Empire: The Remarkable Journey of KP Ramasamy on Forbes List
In the world of business, some stories inspire and motivate us. One such inspiring journey is that of KP Ramasamy, the founder and chairman of KPR Mill, who recently secured a spot on Forbes India’s list of the country’s top 100 billionaires. This is an exceptional feat, given that he started his career with just ... Read more
In the world of business, some stories inspire and motivate us. One such inspiring journey is that of KP Ramasamy, the founder and chairman of KPR Mill, who recently secured a spot on Forbes India’s list of the country’s top 100 billionaires. This is an exceptional feat, given that he started his career with just an INR 8000 loan in the 1970s. Let’s delve into the remarkable story of KP Ramasamy and his incredible rise to prominence in the textile and garment industry.
From Humble Beginnings to Billionaire Status
KP Ramasamy was born into a farmer’s family, and the financial situation at home was far from ideal. Due to his family’s financial constraints, he couldn’t complete his college education. However, this setback didn’t deter him. In 1984, he embarked on his entrepreneurial journey by founding KPR Mill. His venture into the garment business marked the beginning of an inspiring story of unwavering determination and relentless hard work.
The Journey of KPR Mills
KPR Mills is an extraordinary success story in itself. Each year, the company produces approximately 128 million garments, including sportswear and sleepwear. Their garments are not just popular in the local market but also find a place on the racks of international retailers such as H&M, Marks & Spencer, and Walmart. In 2019, KPR Mills even launched its in-house brand, Faso.
But that’s not all; KPR Mills also leads in sugarcane and ethanol manufacturing in India. According to Forbes, KP Ramasamy’s net worth stands at a staggering INR 19,133.7 crore.
Empowering Women in the Workforce
One of the remarkable aspects of KPR Mill is its commitment to empowering women in the workforce. Located in Coimbatore, Tamil Nadu, the mill employs approximately 30,000 workers, with an astounding 90% of them being women. This demonstrates KP Ramasamy’s dedication to gender inclusivity and economic development in the region.
Recognition by Forbes
KP Ramasamy’s incredible journey culminated in his inclusion in Forbes India’s list of the top 100 billionaires. He secured the 100th spot on the list, and his story serves as a testament to the power of perseverance, resilience, and hard work.
KP Ramasamy’s rise from a humble background to Forbes India’s list of top billionaires is a testament to the fact that determination and hard work can conquer any obstacle. His story is an inspiration for aspiring entrepreneurs and serves as a reminder that success knows no boundaries.