Meenakshi Sargogi was an Indian industrialist and the former managing director[1] and the incumbent non-executive director of Balrampur Chini Mills.[2] She is credited with the revival of a loss-making sugar business into a profitable multi-focussed industrial conglomerate.[3] She received the fourth highest civilian award of the Padma Shri from the Government of India in 1992 for her contributions to the Indian sugar industry.[4]
Meenakshi Sargogi | |
|---|---|
| Born | 1944 Allahabad, Uttar Pradesh, India |
| Died | 2020 Kolkata |
| Occupation | Industrialist |
| Years active | 1979–2015 |
| Awards | Padma Shri |
Biography
editBorn in 1944 in Allahabad, in the most populous Indian state of Uttar Pradesh, she did her early schooling at St. Mary's Convent High School, Nainital and returned to Kanpur where she completed her graduate studies.[3] She is reported to have learnt the basics of the business, dismantled the senior management and turned around the company to make a profit of ₹ 4.4 million in the first full year of business.[3]
Meenakshi shared the responsibilities of the managing director of the company with her husband for 22 years until June 2015 when she stepped down from active career to retain the post of a non-executive director.[5] During this period, Balrampur Sugar Mills grew from a single unit business to multiple factory industry which she achieved by purchasing Babhnan Sugar Mills in 1990, Tulsipur Sugar Mills in 1998, the Rauzagaon factory of Dhampur Sugar Mills in 2005[6] and Indo Gulf Sugar Mills in 2007 and diversified the business to other areas such as Ethanol and Power.[7]
See also
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References
edit- ^ "Balrampur Chini to invest Rs 200 crore on raising ethanol capacity". DNA Syndicate. 27 May 2015. Retrieved 23 October 2015.
- ^ "Board of Directors". Chini.com. 2015. Retrieved 23 October 2015.
- ^ a b c "The sweet taste of success". Times of India. 1 September 2002. Retrieved 23 October 2015.
- ^ "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2015. Archived from the original (PDF) on 15 October 2015. Retrieved 21 July 2015.
- ^ "Balrampur Chini Mills Ltd". Bloomberg. 2015. Retrieved 23 October 2015.
- ^ "The Sugar Queen – Balrampur Chini". Good Bad News. 2015. Retrieved 23 October 2015.
- ^ "ET Markets profile". Economic Times. 2015. Retrieved 23 October 2015.