R.K. Malhotra Explained

R.K. Malhotra
Birth Date:1947 7, df=yes
Nationality:Indian
Occupation:Chief Executive and President, Indofil Industries
Spouse:Madhu Malhotra
Children:Loveena Saigal and Yuvraj Malhotra
Relatives:Manju Dhawan
Website:Indofil

Rajinder Kumar Malhotra (R.K. Malhotra), (born 15 July 1947) is an Indian business professional associated with the agricultural chemicals industry for over four decades. He has been the Chief Executive and President of Indofil Industries Limited since 1994.[1] Malhotra heads Indofil, which is a part of K.K. Modi’s conglomerate with diverse business interests in tobacco, chemicals, entertainment, education and other sectors.[2]

Personal life

Malhotra was born on 15 July 1947 in Delhi. His parents — an ex-army man the late Shri. Raghubirnath and the late Smt. Kailash Kumari had four children. Malhotra graduated (B.Sc. Ag.) from the University of Udaipur and completed his Post Graduation - M.Sc. in Plant Pathology from the prestigious G. B. Pant University of Agriculture & Technology, Pantnagar in 1971. He is married to Madhu and has two children.

Career

The Indian Agricultural Research Institute (IARI) in New Delhi was the first step in Malhotra's professional life. After earning his stripes at IARI for two years, he joined Indofil in 1973 in the sales department. His initial time at Indofil was spent building the company's market share by visiting remote villages and meeting farmers to help the organisation gain a firm footing in the agricultural sector. In 1994, he was named as the Chief Executive. During his time at the helm of affairs at Indofil, Malhotra oversaw revenue growth of over 600% from Rs.130 Crores in 1994 to Rs.1,023 Crores in 2012. One of his major decisions after becoming the Chief Executive of the company was to launch the International Business Division in 1995. The company now has a presence in 92 countries.

In 2012, he facilitated a joint venture— Indo Baijin Chemicals with Chinese company Shanghai Baijin Chemical Group for manufacturing green energy CS2.[3] Continuing in the collaborative spirit, Indofil acquired the right to conduct business in Europe for Dithane fungicide from Dow AgroSciences LLC.[4] [5] The company was recognised as the "Best Company from an Emerging Region" at the AGROW awards, London, in 2010.[6]

Awards and recognition

Lifetime Achievement award from Cotton Research & Development Association (CRDA)— 2012.[7]

Outstanding Executive of the decade award from the Unity International Foundation— 2010-11[8]

Notes and References

  1. News: Indofil plans to set up agrochem plant in Gujarat. 12 May 2014. Business Standard. 24 March 2012.
  2. News: Pandit. Virendra. Indofil forms joint venture with Chinese chemicals co. 12 May 2014. The Hindu Business Line. 22 March 2012.
  3. Web site: Indofil Ind JV with Chinese firm to set up green energy plant. moneycontrol.com. 12 May 2014.
  4. Web site: Dow Chemical sells European fungicide business to Indofil. chemicals-technology.com. 12 May 2014.
  5. Web site: Dow AgroSciences Divests European Dithane Business to Indofil Industries Ltd.. https://web.archive.org/web/20140513010946/http://uk.reuters.com/article/2012/03/05/idUS43379+05-Mar-2012+BW20120305. dead. 13 May 2014. Reuters. 12 May 2014.
  6. Web site: 2010 AGROW AWARD WINNERS ANNOUNCED. AgriMarketing. 12 May 2014.
  7. Web site: CRDA Life Time Achievement Award. CRDA. 12 May 2014.
  8. Web site: Board of Directors. Indobaijin. 12 May 2014.