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Rajkot ashfaq khatri explanation on manikchand group vtv gujarati
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.
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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. 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. Its products are exported to more than 30 countries worldwide.
Ownership
The company is owned by Rasiklal Manikchand Dhariwal and son Prakash Rasiklal Dhariwal was valued at Rs. 80billion (8000 crore) around 2007. 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. 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. He has two wives, one who stays in Shirur while the other stays in the Koregaon Park suburb of Pune.