| Sharp Business Acumen : Shri K J Somaiya started from the scratch by
trading and selling groceries and travelling from village to village. He started his
business by selling coffee beans. Later, influenced by Gandhiji's teachings he stopped
using foreign goods. Then he used to purchase few bags of sugar from the Merchants dealing
with Belapur Sugar Company, sell them to customers and thereby earn 10 annas per day.
Subsequently, he purchased sugar from a Partnership Firm, which had 3 partners,
i.e.a)Yashwant Ramprasad Khatod b)Yeknath Sahajram Khatod, and c) Jethamal Shankarlal.
Shri K J Somaiya had following three
things in mind :
- To run the business which his father used
to do i.e grocery shop.
- To grow sugarcane.
- To start Sugar Candy Factory.
He finally decided to become a partner in a leading sugar trading firm M/s
Shobhachand Ramnarayan Kahtod of Shrirampur, Ahmednagar District. After becoming a
partner, he was consulted by all the leading sugar factories of Uttar Pradesh and Bihar
and by M/s Brady & Co., which was the only sugar factory in Maharshtra in late
twenties. His control on the sugar market was so great, that the Sugar market at Calcutta
would announce their prices only after he announced his sugar price. He was popularly
known as "Sugar King of India".
He soon realized that if India had to be
economically independent, it had to become self sufficient in many areas including Sugar.
Sugar, then still needed to be imported from Java and Mauritius. The Deccan Canals had
just been commissioned in Nasik and Ahmednagar Districts in thirties and the Government
was inviting entrepreneurs to make use of the waters in the canals.
It was in this context that Shri K J
Somaiya launched a Sugar Factory Project at Kanhegaon in Kopargaon Taluka in 1939 called
"Sakarwadi Factory" and followed it up by another factory in 1941 called
"Lakshmiwadi Factory" at Savlivihir 20 miles away. This laid the foundation for
The Godavari Sugar Mills Ltd. in Maharashtra. At a convention of Sugar Technologists held
in Delhi in 1967, Shri. Annasaheb Shinde, the then Union Minister of State for Agriculture
publicly paid compliments to Godavari Farms in the following words :
"The pioneering role played by Mr. K
J Somaiya and his factory farms in bringing about new Technology and improvements in cane
yields and varieties in the area will always be remembered."
During the forties to sixties of this
century, Shri K. J. Somaiya became a leading industrialist in Western India. He made his
mark for his outspoken and forthright views as well as for his unmatched analytical and
forecasting faculties. His analysis and views were widely sought both in the business and
government circles.
He was a leading Committee member of the
Indian Sugar Mills Association, President of the Deccan Sugar Factories Association,
President of the Deccan Sugar Technologists Association and gave counsel and guidance to
various trade bodies and associations including the Bombay Sugar Merchants Association. He
also took leading part in the deliberations of all-India bodies like the Federation of
Indian Chambers of Commerce and Industry.
Shri K. J. Somaiya actively helped the
late Padmashri Vithalrao Vikhe-Patil in putting up the first Co-operative factory in India
in Shrirampur Taluka at Pravaranagar in 1952. Later, at a meeting held at Rahuri in 1967,
in the presence of Government of India officials, Padmashri Vikhe-Patil publicly
acknowledged the help and the co-operation he received from K J Somaiya and observed
"Shri Somaiya took me from room to room in the Bombay Secretariat for the sake of my
factory. Had it not been for his help, my factory would not have come up".
Having been brought up in Gandhian
tradition and in the dave of Satyagraha and Swadeshi movements, Shri Somaiya represents
that band of industrialists and businessmen in our country who lay great stress on values
and on "Vyavahar-Shuddhi". To them a word of mouth and commitment is more
sacrosanct than legal documents and they lay stress on real hard work.
It is the example of these pioneers that
would always provide inspiration and guidance to the future generation of businessmen in
our country.
Thus under the able and inspiring
guidance of Shri K. J. Somaiya, the company established spectacular results. Today it has
ranked no.4 in the whole of India during the last crushing season 98-99 producing 1,47,745
tons of sugar with an average recovery rate of 11.25%.
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