How popular ice cream made this Tamil Nadu entrepreneur one of the richest persons in India

How popular ice cream made this Tamil Nadu entrepreneur one of the richest persons in India

by 5paisa Research Team Last Updated: Dec 14, 2022 - 02:43 am 44.6k Views
Listen icon

R G Chandramogan invested Rs 8,000 which has turned into Rs 25,600 crore in five decades by growing from an ice cream company to whole dairy products selling company.

Have you ever been to Ibaco and had a scoop of yummy ice cream or at least icone, ibar from Arun ice cream? If not, you are missing out on the delicious ice cream.

The man behind the tasty and top ice cream brand is R G Chandramogan who is in the list of the richest man from Tamil Nadu as well as India. In the 2021 IIFL Wealth Hurun India Rich list he has jumped 68 rankings upwards from 131 to 63 with a net worth of Rs 25,600 crore. It happened because the stock of the company has almost doubled from Rs 785 to Rs 1,453 in the last one year.

Hatsun Agro Products – The Dairy Giant

Changramogan was forced to drop out of school studies due to financial constraints. He had no choice, was forced to make money some way. At the age of 21, he started a small ice cream company with a capital of Rs 8,000. In the very first year, the company made an annual turnover of Rs 1,50,000 which fuelled their engines. In 1986, the brand got its name Hatsun Agro Products.

They eventually nullified the existence of any middlemen between the farmers and the firm, and cut costs by building a tiny factory-cum-sales outlet. Every day Hatsun gets milk directly from 4,00,000 farmers spread across 13,000 villages. Today, his listed Hatsun Agro Product, which he chairs, is one of India's largest private dairy companies by sales.

In Tamil Nadu, Karnataka, Andhra Pradesh, and Goa, Arokya and Gomatha are two milk product lines. Arun Ice Creams is a popular ice cream brand in South India, with over 1,000 exclusive parlours. The company launched Ibaco seven years ago but intends to keep the old-school way of ice cream parlours with cosy rooms, round tables, plastic chairs, and a freezer in a corner.

R G Chandramogan is a dairyman and entrepreneur from Tamil Nadu who was born in Thiruthangal in Sivakasi. In one of his stage speeches, he has mentioned communication without fear, good salesmanship, the right attitude, inquisitiveness to learn new things, lateral thinking has brought him to this stage. 

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Platinum Industries IPO Lists at 31.58% Premium Over Issue Price

Strong listing for Platinum Industries IPO

Tata Motors Shares Surge Over 4.5% on Demerger Announcement

In today's early trade, Tata Motors the global automobile manufacturer witnessed a surge in its shares by 4.52% reaching ₹1031.90 per share surpassing the milestone of ₹1000.

Stocks in News Today

Our analysts at 5paisa scan through the financial markets and select the few trending stocks which were in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.