Jyothy Labs Story: Borrowed Rs 5000 from brother, failed again and again but today made a company worth Rs 14000 crore

Jyothy Labs Story: Today we have brought for you the story of such a business, after reading which you will get to learn a lot or you will know how a lot can be done in life despite repeated failures. You must have heard the name of Ujala Neel and must have used Ujala Neel at some point of time.

Ujala Neel was very popular in the 90s, and it was used in every household to wash clothes. Even today many people use Ujala Neel to wash their clothes. But do you know which company Ujala Neel belongs to and who is its founder.

If not, then in today’s article we will read about Jyothy Labs Story, the company that manufactures Ujala Neel, and will know about its founder M.P. Ramachandran ji, how he started this company, or achieved such great success today. Let us also tell you that today the valuation of Jyothy Labs company is Rs 14000 crore.

This is how the idea of Jyothy Labs came

M.P. Ramchandran hails from the Indian state of Kerala, who started working as an accountant after his post graduation. But since childhood, he wanted to have his own business, and wanted to bring something new and different from the usual in the business.

One day while sitting, Ramachandran thought that there is no good whitener for clothes in the market yet, why don’t I make a new whitener so that the clothes can be washed properly and with this I will also start my own business.

From here, Ramachandran got the idea of making a new whitener and to work on his idea, he started the journey of making whitener from his own kitchen. He failed many times while making whitener, but he never gave up and after a few years of hard work, he found a formula by which a new whitener could be brought in the market.

Had borrowed ₹5000 from brother

Ramachandran started his business in Kerala in the year 1983. Due to lack of money for further investment, he started a temporary company on his family land. For which he had to borrow Rs 5000 from his brother, but today due to his hard work, the company which started with a loan of Rs 5000 has become worth crores.

He named his company after his daughter Jyoti, which we all know today as Jyothy Labs. At that time, with the help of his experience and formula, he had created Ujala Supreme Liquid Fabric Whitener in his lab, which created a stir as soon as it came in the market.

Products were sold door to door

Let us also tell you that in the initial days of Jyothy Labs, there were only 6 people in this company along with the founder Ramachandran, who worked very hard to take this company forward. After the company manufactured Ujala Supreme Liquid Fabric Whitener, these 6 people of the company started selling it door to door.

Due to which, after some time, Ujala Whitener had made its place in the hearts of people and after that people themselves started buying it. This single product brought huge success to Jyothy Labs, due to which they launched many more products in future.

Today it has become a company worth Rs 14000 crore

Due to the hard work and dedication of Ramachandran over the years, the valuation of Jyothy Labs company has reached more than Rs 14000 crore and today Jyothy Labs company has become a big name in the liquid fabric industry.

Although today the company’s founder MP Ramachandran has taken retirement after making this company worth crores, he still holds the position of Chairman in the company and currently the CEO of Jyothy Labs is Ramachandran’s daughter Moothedath Jyothy.

Jyothy Labs Story Overview

Jyothy Labs Story Interview

Ramachandran, the founder of this company, always believed in himself and kept trying even after failing and that is why he created a multi-million dollar company.

We hope that this article has given you information about Jyothy Labs Story, please share it with your friends so that they can also know about Jyothy Labs Story. To read similar stories of Startups and businesses, do visit our ‘Business’ page.

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