Nirma and went on to create a whole new segment in the Indian domestic detergent market.
Karsanbhai Patel came up with
Nirma detergent which was a result of innovative combination of the important ingredients and the detergent wasmore environment friendly.
Karsanbhai Patel managed to
offer his detergent powderfor Rs. 3 per kg when the cheapest detergent at that time was Rs.13 per kg
Consumers now had a
quality detergent powder , having an affordable price tag.
In the 1980s nirma
moved ahead of Surf , a detergent by HLL , to caputre a large market share.Later, Nirma successfully entered in the premium segment of soaps and detergents. The company got listed on the stock exchange in the year 1994.
Nirma adopted backward
integration strategy for the regular supply of raw materials,90 % of which they manufacture themselves.Nirma also gave due importance to modernization ,expansion and upgradation of the production facilities.The company also made sure that it uses the latest technology and infrastructure.
As far as Corporate social
responsibility (CSR) is concerned, Nirma has made some good efforts by starting Nirma Education & Research Foundation (NERF) in the year 1994 for the purpose of running various educational institutes.Nirma has also set up Nirma labs.
The company that was started in 1969 with
just one man who used to deliver his product from one house to the other,today employs around 14 thousand people and has a turnover of more than$ 500 million. According to Forbes in 2005Karsanbhai Patelsnet worth was $ 640 million.
Nirma became a huge success and all this was a result of Karsanbhai Patels entrepreneurial