Inspirational Stories: You must have read numerous blogs of college dropouts who rose to fame by becoming billionaires via tenacity and hard work. In this post, we’ll discuss a person who excelled in academics from his early years in school and went on to hold a top position in business at a very young age. But after that, he opted to start his own business instead of staying in his high-paying CEO position, and today he is worth $1 billion.
Vinod Saraf’s Early Life in Rajasthan
Vinod Saraf, a multibillionaire businessman, was born in Rajasthan into a middle-class family of traders. Vinod Saraf was the oldest of seven siblings, and Vonid learned early on that education is the only path to success in life. For this reason, Vinod Saraf consistently performed well in school. At just 17 years old, he graduated as the best student in his state. At 19, he won a gold medal for his MBA from BITS Pilani.
Overcoming Language Barriers
Vinod Saraf entered the business sector after earning his MBA, but due to his background in Hindi, he first struggled to find employment in major global corporations. Before accepting a position with a Birla Group company, Vinod Saraf spent roughly ten years working for various textile companies. Together with businessman Aditya Birla, he rose to the position of managing director at Mangalore Refinery and Petrochemicals Limited. In addition to this, he worked for organisations including the Bhilwara Group, Modern Syntex, and Grasim Industries.
The Chemistry of Success
While employed in the corporate sector, Vinod Saraf progressed to the position of CEO. In 1990, Saraf made the decision to venture outside of his comfort zone and found his own business. He established a business called Vinati Organics in his daughter’s honour. Ibuprofen, a painkiller, contains the chemical IBB, or isopropyl benzene, which is produced by this corporation. The MD and CEO of this business is Vinati Saraf, his daughter. The market capitalization of Vinati Organics is approximately Rs 20014 crore, whilst Vinod Saraf’s net worth is close to Rs 15,000 crore (USD 1.8 billion).
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