MDH (spice company)
Mahashian Di Hatti Private Limited, 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.
|Founded||1919, Sialkot, Punjab Province, British India (present day Sialkot, Pakistan)|
|Founder||Mahashay Chunni Lal Gulati|
|Headquarters||New Delhi, India|
|Mahashay Dharampal Gulati (Chairman)
Rajeev Gulati™ (Managing Director)Jyoti Gulati (Director)
|Products||Deegi Mirch, Chana Masala, Kitchen King, Chunky Chaat Masala, Meat Masala, Kasoori Methi, Garam Masala, Rajmah Masala, Shahi Paneer Masala, Dal Makhani Masala, Sabzi Masala.|
|Revenue||₹924 crore (2016)|
|₹420 crore (2020)|
Mahashay Chunni Lal Gulati set up the masala company in 1919 in Sialkot, India currently located in the Punjab province of Pakistan since 1947.It is associated with Mahashay Chunni Lal Charitable Trust.
Mahashay Dharam Pal 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. 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.
From there, he built the entire group to one of India's leading spices manufacturer expanding to 15 factories. Speaking to The Economic Times last year, he said, "My motivation to work is being sincere in product quality sold at affordable prices. And nearly 90% of my salary goes to charity in my personal capacity."
At the age of 94, Dharam Pal was the highest paid FMCG (Fast Moving Consumer Goods) CEO in India in 2017.. Dharampal Gulati of MDH took home over ₹21 crore as salary last fiscal. Two years later, on March 16, 2019, the 14th President of India Shri Ram Nath Kovind conferred the Padma Bhushan award to Mahashay Dharampal Gulati for Trade & Industry
MDH today has a range of 62 products available in over 150 different packages.
Even at an age where most of his peers retire, the 97-year-old owner makes his daily round of factories, markets and dealers including on Sundays until he is satisfied everything is in order in the company where he holds 80% stake.
MDH under the leadership of Mahashay Dharam Pal has developed more than 20 schools including MDH International School, Mahashay Chunnilal Saraswati Shishu Mandir (named after his father), Mata Lilawati Kanya Vidyalaya (named after his late wife), and Mahashay Dharampal Vidya Mandir etc.
He started a 10-bed eye hospital at Arya Samaj, Subhash Nagar, in November 1975. Later in January 1984, a 20-bed hospital was established in Janakpuri, New Delhi to commemorate his mother Mata Chanan Devi. Now it has 300 beds in about 5 acres land, the hospital is equipped with MRI, CT scan, Heart Wing, Neuro Sciences, IVF etc.
- "MDH yearly results". IndiaTimes.com. 17 January 2017. Retrieved 17 January 2017.
- "MAHASHIAN DI HATTI PRIVATE LIMITED | Basic Company Information". tofler.in. Retrieved 7 October 2018.
- "Mahashian DI Hatti Ltd: Company Profile". Bloomberg.com. Retrieved 7 October 2018.
- "FMCG sector's highest paid CEO is a 94-year-old school drop-out". The Times of India. Retrieved 10 May 2018.
- "A sneak peek into the flavorful world of MDH". Economic Times. 6 May 2009.
- ABP NEWS (24 October 2014). "Vyakti Vishesh: From a tangawala to billionaire: MDH man Mahashay Dharam Pal". Retrieved 21 September 2017 – via YouTube.
- "A Tale of Two Refugees", by Diksha Sahni and Nikita Mehta, Wall Street Journal, 13 December 2011
- Malviya, Sagar (21 September 2017). "FMCG sector's highest paid CEO is a 94-year-old school drop-out". The Economic Times. Retrieved 21 September 2017 – via The Economic Times.
- "FMCG sector's highest paid CEO is a 94-year-old school drop-out - Times of India". The Times of India. Retrieved 10 May 2018.
- "President Kovind presents Padma Bhushan to Mahashay Dharampal Gulati". The President of India's Youtube channel. 16 March 2019. Retrieved 18 March 2019 – via Youtube.
- Dhawan, Himanshi (27 January 2019). "At 95, this Padma Awardee is highest paid FCMG CEO". Retrieved 21 June 2020.