MDH is a spice manufacturer and retailer situated in New Delhi, India. With a 12 percent market share in India, it is the second largest player.
Mahashay Dharampal Gulati, the spice brand’s founder, is the elderly gentleman in the royal red turban in the MDH advertisements and on the spice packages. Even though he’s in his 90’s, he’s still the MDH Spices brand ambassador and makes an effort to appearing in every TV commercial. He’s a self-made billionaire who grew his small spice store through one of the world’s largest Indian corporations.
MDH is a brand that has added flavour to the lives of a million people in India. MDH is a well-known brand in the country, with a refugee-turned-entrepreneur tale. MDH stands for Mahashian Di Hatti, which translates to ‘respected man’s shop.’ MDH conceptualised and brought ready-to-use spices to consumers all over the world.MDH was formed by Mahashay Chuni Lal in Sialkot, Punjab Province, British India, in 1919. After India’s partition, his son Mahashay Dharampal Gulati migrated to Delhi and expanded the business. MDH stands for Mahashian Di Hatti, which translates to “respectable shop” in Punjabi.
How did MDH started?
Gulati’s father offered him Rs 1500 when he moved to Delhi, of which he spent Rs 650 on a tonga (a horse-drawn carriage). On days when he didn’t have any passengers, the two annas (equal to 1/8th of a rupee) he charged were insufficient to support a family. He chose to abandon the tonga at that point.Gulati and his family had come a long way from days of hardship, poverty, and suffering. His dedication and honesty enabled him to climb above the limitations of his circumstances and establish a brand that has grown by leaps and bounds over time. “Give to the world the best you can, and the best will come back to you immediately,” Gulati believes.
MDH expansion of products
MDH presently offers a range of 62 different goods available in more than 150 packages, despite the fact that it is over ninety years old and still going strong. It keeps coming up with new spice combinations. To accommodate the expanding demand for spices around the world, the firm has built five state-of-the-art factories. MDH manufactures everything from ground single spices to aromatic spice combinations. The name has become linked with excellent taste and flavour.
MDH owner Mahashay Dharmapal Gulati leaves behind a net worth of Rs. 5400 cr
While having post-COVID-19 treatment in Delhi, MDH owner Mahashay Dharmapal Gulati died after a heart attack. MDH uncle, Dadaji, Masala King, or King of Spices were all nicknames for Gulati. He was the creator of MDH (Mahashian Di Hatti), a company that distributes a variety of species and had an operational income of Rs. 1000 crore in 2017. Dharampal Gulati is now the highest-paid CEO. Gulati owned 80 percent of the company and was paid a salary of Rs. 21 crores every year. According to Jansatta, Mahashay Dharampal Gulati’s net worth is Rs. 5400 crores. He owns a variety of high-end vehicles worth millions of dollars. Apart from his investments in MDH, Gulati owned 20 schools, 15 factories, and one hospital. The MDH company’s net worth is estimated to be about Rs. 420 crore this year, with an operational income of Rs. 2000 crore, according to The Global Coverage. MDH’s stock price is currently 37.60 EUR on the stock market.
Charity done by MDH
MDH, led by Mahashay Dharampal Gulati, has established over than 20 schools, including MDH International School, Mahashay Chunnilal Saraswati Shishu Mandir (named after his late father), Mata Lilawati Kanya Vidyalaya (named after his late wife), and Mahashay Dharampal Vidyalaya (named after his late wife), and Mahashay Dharampal Vidyalaya (named after his late wife). In November 1975, he opened a 10-bed eye facility at Arya Samaj in Subhash Nagar. In January 1984, a 20-bed hospital dedicated to his late mother Mata Chanan Devi was opened in Janakpuri, New Delhi. The hospital now has 300 beds on around 5 acres of land and is equipped with MRI, CT scan, Heart Wing, Neuro Sciences, IVF, and other services.