Moothedath Panjan Ramachandran
| M. P. Ramachandran | |
|---|---|
| Born |
Moothedath Panjan Ramachandran Kandanassery, Guruvayoor, Thrissur District |
| Residence | A 403, Shagun, Gen. A.K. Vaidya Marg, Goregaon (East), Mumbai, Maharashtra |
| Alma mater | University of Mumbai |
| Occupation | Business |
| Years active | 37 |
| Employer | CEO and MD of Jyothy Laboratories |
Moothedath Panjan Ramachandran is an Indian businessman from Thrissur - Kerala in India. He is the founder, Chairman and Managing Director of Jyothy Laboratories.
In 1971, he started working as an accountant while getting a post graduation in financial management in Mumbai. Since his childhood, Ramachandran had washed his own clothes but was dissatisfied with fabric whiteners results. One day got a chemical industry journal that talked about “purple-colored dyes helping textile makers get the most brilliant shades of white.” The phrase ignited an idea. Ramachandran experimented in his kitchen for a year–boiling, diluting and testing–until he was pleased with the results.
In 1983, a brother lent him 5,000 rupees (less than $100) to set up a makeshift factory on family land in Kerala. He named his firm Jyothy after his first daughter. In the first year, sales totaled 40,000 rupees ($727 today) and profits were $23.
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