Occupation Business Years active 37 | Name Moothedath Ramachandran Alma mater University of Mumbai | |
Full Name Moothedath Panjan Ramachandran Residence A 403, Shagun, Gen. A.K. Vaidya Marg, Goregaon (East), Mumbai, Maharashtra Employer CEO and MD of Jyothy Laboratories | ||
Moothedath Panjan Ramachandran is an Indian businessman from Thrissur - Kerala in India. He is the founder, Chairman and Managing Director of Jyothy Laboratories.
Career
In 1971, he started working as an accountant while getting a post graduation in financial management in Mumbai. Since his childhood, Ramachandran had washed his own clothes but was dissatisfied with fabric whiteners results. One day 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 5,000 rupees (less than $100) 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 40,000 rupees ($727 today) and profits were $23.