Pradeep Rathod is an Indian businessman and Chairman of Cello World, which was founded by his father, Ghisulal Rathod. He became a billionaire following the company’s public listing in November 2023.
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Wiki/Biography
Pradeep Ghisulal Rathod [1]United Way of Mumbai was born on Saturday, 23 January 1965 (age 58 years; as of 2023) in Mumbai, Maharashtra. His zodiac sign is Aquarius.
Physical Appearance
Height (approx.): 5′ 9″
Hair Colour: Black
Eye Colour: Black
Family
Pradeep Rathod belongs to a Jain family, hailing from Sadri town in the Pali district of Rajasthan. [2]Shatabdi Gaurav
Parents & Siblings
Pradeep Rathod’s father, Ghisulal Dhanraj Rathod, was the Founder of Cello World, who died in 2020. His mother’s name is Pampubenji Rathod. Rathod’s younger brother, Pankaj, is a Joint Managing Director of Cello.
Standing (from left to right) Pankaj Rathod, Pradeep Rathod, Gaurav Rathod, and Ghisulal Rathod (on the chair)
Pradeep Rathod with his family
Wife & Children
Pradeep’s wife, Sangeeta Rathod, is a part of the Promoter Group of Cello’s Wim Plast Ltd. His son, Gaurav, is a Joint Managing Director of Cello. He is married to Ruchi Rathod. Pradeep’s daughter, Karishma Rathod, is a Non-Executive Director of Cello’s Wim Plast Ltd.
Pradeep Rathod with his wife
From left to right Pradeep Rathod, Sangeeta Rathod, Karishma Rathod’s husband, Karishma Rathod
Gaurav Rathod, Joint Managing Director of Cello
Career
Pradeep Rathod is the Chairman and Joint Managing Director of Cello World, a company that specialises in kitchenware and other household products. He joined the company when he was 18. The company was founded by his father, Ghisulal Rathod, in 1962 in Mumbai. Pradeep Rathod is often referred to as Casserole King by media houses [3]The Economic Times as Cello World is renowned for its casseroles. Originally, the company focused on manufacturing PVC footwear and bangles and diversified into making casseroles in the late 1980s. The inspiration to make casseroles came from Ghisulal Rathod’s trip to the US, where he noticed people using small round-shaped plastic containers to preserve the warmth of perishable items. Upon returning, Ghisulal introduced casseroles to the Indian market. Apart from that, the company has a product portfolio across three key categories – consumer houseware, writing instruments and stationery, and moulded furniture and related products. In 2017, it launched a glassware and opal ware business.
Pradeep Ghisulal Rathod, Chairman cum Managing Director of Cello World
On 7 October 1988, he became the managing director of Wim Plast Ltd, a BSE-listed company renowned for producing plastic furniture under the Cello brand. He is also a promoter of Wim Plast Ltd. He became the director of Sunkist Moulders Private Limited on 18 April 1990. On 21 January 1991, he took up the directorship of Cello International Private Limited. After becoming the director of Cello Infrastructure in 2006, he took up the directorship of two companies in 2008, Cello Capital and Cello Pens And Stationery. Other companies in which he holds a directorship include R & T Houseware, Unomax Pens And Stationery, Unomax Sales And Marketing, and Deepgaurav Multitrade. On 6 November 2023, Cello World made its stock market debut with a market value of over Rs 16,800 crore ($2.2 billion). As the stock rose 22% on its debut, it led Pradeep Rathod, chief promoter of the company, to become a billionaire. Rathod’s ownership of 44% of the company was valued at $1 billion (Rs 8,239 crore). Together, the Rathods hold a little over 78% of the company. [4]The Times of India
From left to right Kaushal Shah, MD & Head Capital Markets, KMCCL, Kunur Bavishi Sr. VP, HFL Securities Ltd, Rahul Chaudhary, Director, Equity Capital Markets, JM Financial Ltd., Pradeep Rathod, Chairman and Managing Director, Cello World Ltd, Atul Paro
Net Worth
In 2023, Rathod’s ownership of 44% stake in Cello World was valued at $1 billion (Rs 8,239 crore), marking his entry into India’s billionaire league. [5]Forbes
Facts/Trivia
- Rathod serves as a trustee for the Badamia Charitable Trust, committed to social and philanthropic endeavours.
- He holds the position of president at the JITO Administrative Training Foundation.
- He is also a director of the Tattva Foundation, which is committed towards the creation of an equitable society and also focuses on public health, and school education.
- He received the Best Entrepreneur Award at Maharashtra Achievers’ Award (2018).
Pradeep Rathod receiving the Best Entrepreneur Award at Maharashtra Achievers’ Award (2018)
- He is a director of the Organization of Plastics Processors of India (OPPI), which was established in 1984 to promote the healthy growth of the plastics processing industry in India.
References
