Chandubhai virani biography of barack

Chandubhai Virani, the year-old founder and director of Balaji Wafers Private Limited, started making potato wafers in with a minuscule investment of Rs 10, at a shed erected in the compound of his house. He then went on to build a company that has reaped Rs 1, crore as turnover in Balaji Wafers, the largest regional potato wafer and snack brand and the second biggest player in the potato wafer segment in the country, started small.

Balaji wafers owner net worth in rupees

Now, despite being concentrated in the western States of Gujarat, Maharashtra, Goa, Rajasthan and Madhya Pradesh, it is a household name thanks to its strong distribution network. The factory grounds have around 2, plants and trees, a hundred cows, a water treatment and bio-gas plant but not a single company board or brand painting - despite it being a record-breaking plant when it started in , with the highest potato processing capacity of around 5, kg potatoes an hour.

The family then lived in Dhundoraji in Jamnagar district - about 79 km from Rajkot - and Chandubhai was only 15 years old. His elder brothers invested in agricultural tools and fertilisers, but lost the money. Forced to leave in search of earnings by a poor monsoon and subsequent severe drought, the three brothers came to Rajkot in while the youngest Kanubhai stayed back with his parents and two sisters.

Balaji wafers net worth

Chandubhai, a Class X pass, found a job in Astron Cinema. While his main job was to serve at the canteen, he also did odd jobs like sticking film posters, door-keeping and ushering, all for a monthly salary of Rs. For Chandubhai no job was too big or too small. Impressed, after a year, the cinema canteen owner offered him and his brothers a contract at a rent of Rs 1, The brothers started selling various items in the canteen including potato wafers bought from a supplier, who was always late.

This spelt disaster at a movie hall! By , the whole family had moved to Rajkot and Ramjibhai had bought a house with a large compound. With an investment of Rs 10,, Chandubhai set up a small shed in the compound and began his experiments with making chips, after canteen work. Finding the cost of the standard potato-peeling-and-cutting machine too high, he got a similar machine made for Rs.