Sanjay Shrenik Lalbhai
| Sanjay Shrenik Lalbhai | |
|---|---|
 Shri Sanjay Lalbhai.jpg | |
| Born | 10 April 1954 |
| 🏳️ Nationality | Indian |
| 🎓 Alma mater | Jamnalal Bajaj Institute of Management Studies |
| 💼 Occupation | |
| 💰 Net worth | US$ 1.1 billion[1] |
| 👩 Spouse(s) | Jayshree Lalbhai |
| 👶 Children | Punit, Kulin |
| 👴 👵 Parents |
|
Sanjay Shrenik Lalbhai (born 10 April 1954) is an Indian entrepreneur, educationist and the chairman of a $1.7 billion textile conglomerate, Arvind Limited. Alongside, he is also on the board of various educational and cultural institutions. He joined the Arvind group of companies in 1979, after completing his Master's in Business Management in 1977 from Jamnalal Bajaj Institute of Management Studies, Mumbai.
Education
Sanjay Lalbhai attended Rachana High School, Ahmedabad for elementary education, whose mother Pannaben Lalbhai was the director of the school at that time. He did his Bachelor’s from St Xavier’s with majors in statistics and mathematics. He completed his Master’s in Business Administration from Jamnalal Bajaj Institute of Management Studies.[2]
Career
Sanjay Lalbhai joined Arvind Limited in 1977 and was among the first companies to bring denim to the Indian market. He also partnered with various international brands which were later brought for retail to the Indian markets.[2]
He was on the committee for multiple companies, Torrent Pharma and Amol Dicalite being among them.
He is on the board of the committee of various educational institutions, ranging from being the Chairman of CEPT University to the President of Ahmedabad Education Society.[3][4]
Alongside, he worked to make a shift of the traditional textile business to a technology company, with steps taken as the 2017 demerger with the intention of making the individual companies self-sufficient.[5][6]
His estimated net worth is $1.1 billion.[7]
Alongside his sons Punit and Kulin, he is working on a garment operation in Ethiopia, providing ease for business in the US, China and Europe.[8]
Timeline
1970s-1990s
Sanjay Lalbhai joined Arvind Mills in 1977. At the time when he joined Arvind Group of Companies, he had already kickstarted multiple businesses which were highly unrelated to each other. With Chintan Shah, a graduate from IIM Ahmedabad, he started a company named Amtrex, which later on went to sign up with Hitachi. Anagram Finance, Perfect Placement and Trikaya were among the 30-40 ventures that Lalbhai was running at that time.[2]
Sanjay Lalbhai became the Managing Director of Arvind in 1985, where he tried experimenting with bringing denim to India, which was considered one of the first at that time.[9]
He became the CEO of Arvind Limited in 1987, two years after becoming the Managing Director of the same.[9][10]
2000s-present
He was trying to bring in international brands to India, in a time when clothes were only tailored. He brought in Arrow to India, changing its image from polyester-cotton shirts to premium cotton shirts. He met executives from Gap, PVH, VF and many more. He was able to get and retain the licence of Tommy Hilfiger, with the help of Mohit Murjani.[9][11]
After around three decades with Sanjay Lalbhai as the Managing Director, Arvind Fashion Brands Limited has brought various brands like Nautica, Sephora, Aéropostale, Flying Machine, Calvin Klein, Hanes, Gant and a lot more, along with continuing with Tommy Hilfiger and Arrow.[12]
In 2017, he announced a demerger of Arvind Limited to Arvind Fashions, with its engineering business demerging to Anup Engineering[6]
Board memberships
Chairman, Managing Director; Arvind Limited[10]
President; Ahmedabad Education Society[4]
Chairman of Council of Administration; Ahmedabad Textile Industry's Research Association[13]
Member of Council of Management; Physical Research Laboratory[14]
Chairman; CEPT University[3]
Member of group of Governors; National Institute of Fashion Technology[15]
Chancellor & Chairman, Board of Governors; Ahmedabad University[16]
Ex-Chairman (up to 25-11-2016); Amol Dicalite[17]
Chairman; as on 2006; Tech Mahindra[18]
Ex-Director (26 July 2013) Torrent Pharma[19]
Awards and honours
Sanjay Lalbhai was awarded the Lifetime Achievement award by the Clothing Manufacturers Association of India for his contribution to the growth of the Indian apparel export industry at the 66th edition of The National Garment Fair which took place in Mumbai, India in January 2018.[20]
References
- ↑ "India's 100 Richest 2017: Ten Up-And-Comers Who Missed The Cut". Forbes.
- ↑ 2.0 2.1 2.2 "Secret Diary of Sanjay Lalbhai, chairman, Arvind | Biography Part- 1 | Outlook Business". www.outlookbusiness.com. Retrieved 2019-08-25.
- ↑ 3.0 3.1 "People - About - CEPT". cept.ac.in. Retrieved 2019-08-25.
- ↑ 4.0 4.1 "Council Members | About | Ahmedabad Education Society". www.aesahd.edu.in. 2018-01-16. Retrieved 2019-08-25.
- ↑ Raghunathan, Anu (2018-05-02). "Sanjay Lalbhai And His Two Sons Are Transforming Textile Major Arvind". Forbes.
- ↑ 6.0 6.1 "Arvind: Stitching a new future". www.fortuneindia.com. Retrieved 2019-08-25.
- ↑ Karmali, Naazneen. "India's 100 Richest 2017: Ten Up-And-Comers Who Missed The Cut". Forbes. Retrieved 2019-09-16.
- ↑ Raghunathan, Anu. "Sanjay Lalbhai And His Two Sons Are Transforming Textile Major Arvind". Forbes. Retrieved 2019-08-25.
- ↑ 9.0 9.1 9.2 "Secret Diary of Sanjay Lalbhai, chairman, Arvind | Biography Part- 2 | Outlook Business". www.outlookbusiness.com. Retrieved 2019-08-25.
- ↑ 10.0 10.1 "ARVIND | Fashioning Possibilities". Arvind Ltd. 2017-06-27. Retrieved 2019-08-25.
- ↑ M, Sabarinath (2003-03-10). "Hilfiger to enter India, seams up with Arvind". The Economic Times. Retrieved 2019-08-25.
- ↑ "ARVIND | Fashioning Possibilities". Arvind Ltd. 2017-10-26. Retrieved 2019-08-25.
- ↑ "ATIRA". atira.in. 2018-06-21. Retrieved 2019-08-25.
- ↑ "Council, Physical Research Laboratory". 2018-04-28.
- ↑ "Board Of Governors". Board Of Governors. 2017-11-14.
- ↑ "Sanjay Lalbhai | Ahmedabad University". ahduni.edu.in. 2017-01-03. Retrieved 2019-08-25.
- ↑ "Annual Report 2016-17, AMOL Dicalite" (PDF). 2017-09-26. p. 2.
- ↑ "Tech Mahindra Limited- Capital Market" (PDF). 2006-08-01. p. 114.
- ↑ "41st Annual Report 2013-2014, Torrent Pharma" (PDF). 2014-06-20. pp. 21, 41, 42, 47.
- ↑ admin (2018-01-31). "CMAI honours Indian apparel brands | Event News India". Apparel Resources India.
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