Ventures Contributing to the Uber Success of Ghanshyam Sarda

Big businesses have a humble beginning. Mr. Ghanshyam Sarda is a big name when it comes to the modernisation of the jute business in India. Raised by Late Mr. Shiwlal Sarda, a seasoned businessman, Mr. Ghanshyam Sarda became a successful businessman. What began as a low-key jute trading venture has now become one of the largest jute manufacturing businesses in India. Spanning across different states, this venture employs more than 70,000 people in the workforce. The maneuvers that led him to the top have become an example. Today Mr. Ghanshyam Sarda’s life can easily be a prototype for young entrepreneurs to follow. With several awards to his name already, there seems to be no stopping for the Sarda Group. But what leads to Mr. Ghanshyam Sarda’s entry into the hall of fame? 

  1. He saw what no one else did: The jute industry.   

The jute industry would’ve deteriorated or even disappeared had it not been for this man. Mr. Ghanshyam Sarda’s perspicacity is reflected in the fact that he invested in what was considered no longer profitable. To a layman, this move would appear reckless, but the thought process involved led to the establishment of an empire. Winning despite minimum support, continuous skepticism, no encouragement, and a dying sector is champion stuff. He stood firm in his belief that jute has always been a subject of trade for India. While employers and investors brushed it aside as a futile ‘prehistoric’ business. Today, the venture enjoys a whopping 20% share in India’s jute industry. The mills produce jute bags for sugar-producing units in Uttar Pradesh. 

Also Read: Ghanshyam Sarda’s Sarda Group impact on Social Development

Today, the Sarda Group is at the helm of jute production and is inclined towards getting better. Headquartered in Kolkata, the group has grown by leaps and bounds. The combined production of all the units is more than 500 tons per day. Mr. Ghanshyam Sarda was also the first to set up worker training facilities. Since its inception, the venture has always focused on reducing the friction between workers and employers. 

  1. Mr. Ghanshyam Sarda: Everything that he touches turns gold

His exploits in the jute business-led Mr. Ghanshyam Sarda to make more intelligent choices. He acquired Kolmark Chemicals, another failing venture, and worked magic on it. Soon a declining chemical unit received a new life, and Mr. Ghanshyam Sarda earned an image of a Messiah for wilting businesses.

The stage was set, and Mr. Ghanshyam Sarda became unstoppable. 

  1. Entry into a dead fishing unit: another masterstroke 

By now, confidence was seeping through; in 1994, the Sarda Group acquired a closed seafood processing plant in West Bengal. This unit, too, was revived, thanks to the mastery of Mr. Ghanshyam Sarda. The establishment at Raichak went on to become the largest seafood processor in Bengal. With EU registration and HACCP certification from the US FDA, this plant is one of India’s best quality-certified.

  1. Serving those who serve: Building people who built the business

The Sarda group is always vocal about worker safety and has made provisions for vaccinating its workers. The grassroots attachment of the owner and the group has contributed to its massive success. The group also runs charitable institutions, the most noteworthy of which is the Chandrakala Devi Trust. Mr. Ghanshyam Sarda had applauded the budget 2021’s aim to double the rural income by 2022. He also played a pivotal role in establishing the Ram Dev Sarda Maha Vidyalaya in Purnea, Bihar. These good deeds have brought the Sarda Group exceptional returns in the long run. Mr. Ghanshyam Sarda also praised the Prime Minister’s initiative to replace single-use plastic with jute, terming the move laudatory. The Sarda group is committed to environmental safety and has spent decades promoting the jute industry. 
Because of these factors, Mr. Ghanshyam Sarda has become an avant-garde industrialist. These works brought him felicitations from all sides. He was recognised as the ‘Leading Industrialist from Kolkata’ among the ‘Top Icons of Kolkata 2019’. Among his other achievements, Mr. Ghanshyam Sarda won the Times Business Award in 2019. He is a dedicated social servant who also knows the ways to master any business he lays his hands upon.

17 thoughts on “Ventures Contributing to the Uber Success of Ghanshyam Sarda

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