Radhe Shyam Agarwal – Indian entrepreneur, co-founder & executive chairperson of Emami Group

Radhe Shyam Agarwal

Radhe Shyam Agarwal is also known as R S Agrawal. He is an Indian entrepreneur, co-founder & executive chairperson of Emami Group.

Emami is a global group of company engaged in the business of FMCG, paper, real estate, edible oils, health care and cement.

Agrawal is among the top 100 richest person in India. In 2015, he was listed by Forbs as having a net worth of $1.43 billion. He is also interested in cement, edible oils & healthcare.

Who is Radhe Shyam Agarwal

Agrawal was born on 18th February 1946 in a Marwari family in Kolkata India. From St. Xavier’s College Kolkata, he completed his college education. He completed his LLB &M.Com from Calcutta University.

From Institute of Chartered Accountants of India and Company Secretary from Institute of Company Secretaries of India, he completed his Chartered Accountant study. He joined Aditya Birla Group as vice-president in 1970.

Agrawal married to Usha Bansal. The couple have two sons & 0ne daughter. Aditya Agrawal & Harsh Agrawal & Priti Agrawal Surekha are their children.

Priti is married to Raj Surekha. The whole family is part of the Emami group and they lives on tony Southern Avenue in Kolkata, India.

Emami Group

In 1974, Agrawal & his school friend Radhe Shyam Goenka started a cosmetics company named Emami. They borrowed $2600 from Goenka’s father to start the company.

Emami is a multiple business global group of companies with above $1.3 billion revenue.

Emami has more than 300 products including Zandu balm & antiseptic cream Boroplus. They are sold through about 4-million retail outlets.

Agrawal serves as a joint Chairman & director of Emami group companies. He is executive director of Emami & director of Zandu Reality also.

He served as Trustee of Merchant Chamber of Commerce and Industries & Director of West Bengal Industrial Development Corporation also.

On 9th December 2011, an AMRI Hospital in south Kolkata’s Dhakuria district erupted in fire early morning.

Due to that 92-people died, most of them were critically ill patients, many of them suffocating in their sleep.

Next day the licence of the hospital was cancelled & the Chief Minister of West Bengal ordered a judicial inquiry into the incident.

It is said that, flammable chemicals that were stored at the site triggered the fire. The narrow & congested roads leading towards the hospital affected rescue efforts.

All doors and windows were locked & the fire alarms and sprinklers installed at the hospital did not work during the fire.

Seven members of the hospital board were arrested on the same day.

They were remanded to police custody until 20th December by the court of the Chief Judicial Magistrate in Alipore.

Agrawal & Goenka were among that seven arrested members. They were who were charged with negligently causing the deaths.

In July 2016, 16 people were stood accused in the court i including the board members and several directors of the hospital.

They had the charges of were culpable homicide not amounting to murder under section 304 of the Indian Penal Code, which carries a maximum sentence of 10 years’ imprisonment in cases where the criminal actions are undertaken knowingly but without the intention to cause death.

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In addition, charges were laid under section 38 for effect caused partly by act and partly by omission, section 308 for attempt to commit culpable homicide. At that time, that fire incidence was recorded as the largest hospital tragedy in India.