MDH (spice company)

Mahashian Di Hatti Private Limited
Company typePrivate
IndustryFood, spices
Founded1919; 107 years ago (1919), Sialkot, Punjab Province, British India
FounderMahashay Chunnilal Gulati
HeadquartersNew Delhi, India
Key people
ProductsDeggi Mirch, Chana masala, Kitchen King, Chunky Chaat Masala, Meat Masala, Kasoori Methi, Garam masala, Rajmah masala, Shahi Paneer Masala, Dal Makhani Masala, Sabzi Masala.
RevenueIncrease ₹1,775 crore (US$210 million) (2022)[1]
Increase ₹700 crore (US$83 million) (2022)
Websitewww.mdhspices.com

Mahashian Di Hatti Private Limited,[2][3] doing business as MDH, is an Indian spice producer and seller based in New Delhi, India. It is the second largest leader in the Indian market with 12% market share, following S. Narendrakumar's Everest Spices.[4]

It was founded by Dharampal Gulati in 1959, who served as its CEO until his death on 3 December 2020, Subsequently, Dharampal's son, Rajeev Gulati, took over the company and became the face of the MDH brand.[5][6]

History

Mahashay Chunnilal Gulati set up the masala company in 1919 in Sialkot, British India currently located in the Punjab province of Pakistan since 1947.[7] It is associated with Mahashay Chunnilal Charitable Trust.

Mahashay Dharampal Gulati, the son of the founder moved to Delhi after the partition of India. He opened a shop in a shack and started selling spices like his father.[8] He later opened his shop at Ajmal Khan Road, Karol Bagh and expanded from there. In 1959 he bought a plot in Kirti Nagar to set up his own spice factory.[9]

At the age of 94, Dharampal Gulati was the highest paid fast-moving consumer goods (FMCG) CEO in India in 2017.[10] He took home over ₹210 million (equivalent to ₹280 million or US$3.3 million in 2023) as salary in the last fiscal year.[11] Two years later, on 16 March 2019, he received the Padma Bhushan award for Trade & Industry from the President of India Ram Nath Kovind.[12]

Operations

MDH has 62 products[13] available in over 150 different packages. These include ground and blended spices,[14] and saffron.[15]

In 2022, the company denied rumours of it being sold to Unilever.[16]

Controversies

In May 2024, New Zealand's food safety regulator said it was investigating contamination in spice products of Indian brands MDH and Everest.[17] Its products were recalled by regulators in Hong Kong and Singapore for containing ethylene oxide.[18]

References

  1. ^ Malviya, Sagar (16 January 2023). "Masala companies add $1 billion to their topline". The Economic Times. Archived from the original on 31 March 2023. Retrieved 28 April 2024.
  2. ^ "MAHASHIAN DI HATTI PRIVATE LIMITED | Basic Company Information". tofler.in. Retrieved 7 October 2018.
  3. ^ "Mahashian DI Hatti Ltd: Company Profile". Bloomberg.com. Archived from the original on 8 October 2018. Retrieved 7 October 2018.
  4. ^ "FMCG sector's highest paid CEO is a 94-year-old school drop-out". The Times of India. Archived from the original on 1 July 2018. Retrieved 10 May 2018.
  5. ^ "Remember 'Dadaji' From The Popular MDH Masala Ads? Here's The Man Who Replaced Him". India Times. Archived from the original on 8 November 2022. Retrieved 8 November 2022.
  6. ^ "MDH owner Mahashay Dharampal Gulati passes away at 98". Economic Times.
  7. ^ "A sneak peek into the flavorful world of MDH". Economic Times. 6 May 2009.
  8. ^ ABP NEWS (24 October 2014). "Vyakti Vishesh: From a tangawala to billionaire: MDH man Mahashay Dharam Pal". Archived from the original on 19 December 2021. Retrieved 21 September 2017 – via YouTube.
  9. ^ ""A Tale of Two Refugees", by Diksha Sahni and Nikita Mehta, Wall Street Journal, 13 December 2011". Archived from the original on 7 January 2017. Retrieved 4 August 2017.
  10. ^ Malviya, Sagar (21 September 2017). "FMCG sector's highest paid CEO is a 94-year-old school drop-out". The Economic Times. Archived from the original on 22 September 2017. Retrieved 21 September 2017.
  11. ^ "FMCG sector's highest paid CEO is a 94-year-old school drop-out - Times of India". The Times of India. Archived from the original on 1 July 2018. Retrieved 10 May 2018.
  12. ^ "President Kovind presents Padma Bhushan to Mahashay Dharampal Gulati". The President of India's Youtube channel. 16 March 2019. Archived from the original on 19 December 2021. Retrieved 18 March 2019 – via Youtube.
  13. ^ Dhawan, Himanshi (27 January 2019). "At 95, this Padma Awardee is highest paid FCMG CEO". Archived from the original on 7 November 2020. Retrieved 21 June 2020.
  14. ^ "About us | MDH Spices". Archived from the original on 4 December 2020. Retrieved 13 December 2020.
  15. ^ "Other Products | Product Categories | MDH Spices". Archived from the original on 4 December 2020. Retrieved 13 December 2020.
  16. ^ "MDH denies any move to sell business to Hindustan Unilever". Business Standard.
  17. ^ Sadam, Rishika (15 May 2024). "New Zealand looking into Indian spice brands over contamination". Reuters.
  18. ^ Sayantan Bera; Suneera Tandon (19 May 2024). "In a pickle: Why it's time for Fssai to wake up and crack the whip". Mint. Retrieved 22 May 2024.(subscription required)
allikas: http://en.wikipedia.org/wiki/Mahashian_Di_Hatti