Established by Kasturbhai Lalbhai on September 05, 1947 and its first manufacturing plants inaugurated by the first Prime Minister of independent India, Jawaharlal Nehru on March 17, 1952, Atul Ltd. (Atul) is serving its customers across the world for the last seven decades. Siddharth Lalbhai, who nurtured the legacy of ethics in business and trusteeship in governance, spent his entire life in the development of the Company since its inception.
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| Mr. Siddharth Lalbhai |
Siddharth Lalbhai was an industrialist and philanthropist. His career spans across decades of incredible work and meaningful purpose of serving society.
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Siddharth Lalbhai was born in a Jain (Nagarsheth) family of Ahmedabad and was a descendant of Shantidas Jhaveri, a royal jeweller of Mughal emperors. Dalpatbhai Bhagubhai, the great grandfather of Siddharth Lalbhai, was engaged in cotton trade in the 1870s, while his grandfather, Lalbhai Dalpatbhai (1863-1912), established Saraspur Cotton Mills in 1896, thus diversifying the traditional family business of precious gems. His father, Kasturbhai Lalbhai, was an Indian industrialist and philanthropist who continued expanding the family business. He was the founder of various companies that formed the Lalbhai Group (then Kasturbhai Lalbhai Group), which included companies such as Arvind Ltd. and Atul Ltd., that remained under the umbrella of the Group. Kasturbhai Lalbhai was one of the authors of Bombay Plan which included a set of proposals for the development of the post-independence economy of India.
The eldest of the two sons of Kasturbhai and Sharda Lalbhai; Siddharth Lalbhai studied at Ranchhoddas Chhotalal Government High School and Navi Gujarati Shala, Ahmedabad. Later he obtained a Bachelor of Science degree from Gujarat College, Ahmedabad. He pursued higher studies at Massachusetts Institute of Technology and later at NYU Tandon School of Engineering (formerly Polytechnic Institute of Technology) in the United States of America between 1944 and 1948. There he obtained a Master of Science degree in Chemical Engineering, studying under Professor Donald Othmer.
On May 16, 1959, Siddharth Lalbhai married Dr. Vimla Jhaveri, a surgeon (FRCS) and had three children, Sunil, Swati and Taral.
Siddharth Lalbhai began his career soon after he completed his education as he immediately joined Lalbhai Group in Ahmedabad. After working in different functions, he shifted to Atul village in 1952 to take charge of Atul Ltd. (Atul), a company founded by his father in 1947, which had then commenced its first plants.
His career graduated as he teamed up with Balwantrai Mazumdar, a graduate from London School of Economics and a confidant of his father. Both of them established the first site of Atul spread over 1,200 acres. He supported his father establish three joint venture companies with American Cyanamid (Cyanamid India Ltd.), Imperial Chemical Industries (Atic Industries Ltd.) and Cib