Mangaluru: Cashew baron, industry doyen Gurpur Sadanand Prabhu dies at 93

coastaldigest.com news network
March 4, 2018

Mangaluru, Mar 4: Cashew industry pioneer and founder of city based Achal Industries Gurpur Sadanand Prabhu passed away on Sunday morning (March 4, 2018). He was 93.

He died peacefully at about 4:30 a.m. at his residence due to old age, it is learned. He is survived by his wife Rohini Prabhu and three children, son Giridhar Prabhu and daughters Prafulla Kamath and Anuradha Shenoy.

He was a past president of Kanara Chamber of Commerce and Industry and was also actively associated with Mangalore Cashew Manufacturers Association. He was also a member of Rotary Club Mangalore North.

Last rites will be at his residence ‘Ananya’ at Bejai Kapikad Road at 12:00 noon today, followed by funeral at1:00 p. m. at his home town Gurpur, according to family sources.

Cashew industry leaders and past presidents of Karnataka Cashew Manufacturers Association Kalbhavi Prakash Rao, Bola Ramanath Kamath, Bola Rahul Kamath and others have condoled the demise of Sadanand Prabhu.

Personal Profile

Born in 1925, Sadanand Prabhu was a native of Gurpur town in the outskirts of the city. After completing his matriculation, he started his career as teacher and then moved into business.

Then on he joined as a partner with his relative in Konchady Appayya Shabhogue and Co, at Bunder. Subsequently he started Sadananda Prabhu and Co., a groundnut oil manufacturing unit.

Then in 1981, at the age of 55, he established Achal Industries, which was one of the first industries to start at the newly formed Baikampady Industrial Area. In 1983, he started his second unit Achal Cashews at Turkewadi, a small village in Maharashtra.

Today Achal is a Rs. 125 crore group comprising four family owned companies with manufacturing units at multiple locations and 950 employees. It became an exporter of processed cashew in 1984 and its products are now reaching North America, the EEC countries, Middle East and Japan. His son Giridhar Prabhu is presently the proprietor of the flagship unit Achal Industries.

According to M. N. Pai, General Manager of Achal Industries and director of three other Achal group companies, Gurpur Sadanand Prabhu had retired from business about two years ago due to his advancing age. “He was a self made man and always had a vision to build a customer friendly business. He was an innovator of several processes in cashew industry,” he said.

Sadanand Prabhu was known as an unassuming and simple person always clad in white dhoti and white shirt. He liked to encourage the younger generation and many entrepreneurs credit him with being their mentor.

He took pride in tax compliance and ethical business practices. Cashew industry being a labour intensive sector, he showed keen interest in employee welfare and always put the workers first. He was one of the first to introduce bus transport for workers. Every worker he employed was well taken care of for the contribution he or she did. Productivity linked wages is one of the innovations practiced at his cashew processing units which enable the labourers to earn more.

According to sources close to him, Sadanand Prabhu always believed that tax paid money is more worth than any other wealth. He was well known for insisting on full tax compliance in his own firms and also had a prodigious knowledge of commercial law. “He was always up to date in all the laws applicable to the industry and even the tax authorities respected him for his knowledge,” said M. N. Pai.

Comments

Mohammed
 - 
Sunday, 4 Mar 2018

Inna lillahi wa inna ilayhi raji'un

Hari
 - 
Sunday, 4 Mar 2018

RIP sir.. Condolence to his family

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News Network
March 5,2020

Bengaluru, Mar 5: The Karnataka government has constituted a competent authority for I Monetary Advisory (IMA) cases under the KPIDFE (Karnataka Protection of Interest of Depositors in Financial Establishments) Act, 2004, which is required to call claims from erstwhile depositors of the IMA group of entities under the provisions of the Act, said Harsh Gupta, Special Officer and Competent Authority for IMA cases.

In order to ensure transparency and to avoid harassment to the claimants, an online application software has been developed for accepting claims from the depositors, Gupta stated.

"The claim application can be filed from any of Banglore-1, Karnataka-1 and Seva-Sindhu Kendras of the state government in person or through online. The required documents can be submitted using e-attestation along with claims or at a later date, but prior to the claim settlement. The details of authorities for e-attestation will be informed later," the official stated.

The claimants will have to provide Aadhaar authentication based identification or identification by the designated officer based on alternate documents; current mobile number and address among others.

The details of the draft claim filing process has been put for public feedback on website 'imaclaims.karnataka.gov.in'. The depositors can give their feedback on the website, WhatsApp number or email, Gupta stated.

Based on feedback received from the depositors, the claim process and the claim application software will be finalised, the official said and further informed that the start date for acceptance of claims will be informed through wide publicity at a later date.

"There will be a total time period of 30 days for submission of the claims from the start date of acceptance of claims," Gupta said.

An SIT was investigating the multi-crore IMA Jewels case, where the firm had allegedly cheated a large number of investors after promising them impressive returns on their deposits. The SIT has already arrested several government officials and questioned others including politicians in the matter.

The prime accused and Managing Director of IMA Mohammed Mansoor Khan, who had fled the country after several complaints were registered against him in connection with the scam, has also been arrested.

The state government had constituted an SIT to probe the scam when it first came to light in June earlier this year when more than 4,000 investors trooped outside the showroom after an audio clip purportedly recorded by Khan went viral.

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coastaldigest.com news network
August 1,2020

Bengaluru, Jul 31: A total of 5,483 new COVID-19 cases and 84 deaths were reported in Karnataka in the last 24 hours, the state's health department informed on Friday.

Karnataka now has a total of 1,24,115 coronavirus cases, including 72,005 active cases and 49,788 discharges.
So far, 2,134 deaths have been reported from the state.

Meanwhile, India reported the highest single-day spike of 55,079 COVID-19 cases in the last 24 hours, crossing the 16-lakh mark, the Ministry of Health and Family Welfare informed on Friday.

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coastaldigest.com news network
June 16,2020

Vijayapura, June 16: Even as a video of a man wearing a burqa who is being thrashed by locals is going viral on social media, netizens targeted Bharatiya Janata Party for their activist resorting to heinous acts. 

The man who was caught in burqa has been identified as Siddu Paragond, an activist of Snagh Parivar hailing from Sindgi town in Karnataka’s Vijayapura district. 

The bizarre incident took place in Sindgi on June 11 outside a bank.

“While people including women were standing in a queue outside the bank, the person in burqa was acting in a suspicious manner. The person was trying to get too close to women which was making them feel awkward,” local residents said.

“Getting suspicious, some locals tried to interact and their suspicion rose with the strange behaviour of the person. Suddenly some men took the person away from the bank and checked only to find that it was a man in burqa. The men thrashed him and handed him over to police,” the sources said.

Confirming this, Superintendent of Police Anupam Agrawal said that the Siddu Paragond has been arrested and remanded to judicial custody. He, however, made it clear that no suspicious objects were found on Siddu. “We are trying to find out the motive for his act,” the SP said.

Comments

Kannadiga
 - 
Tuesday, 16 Jun 2020

Finally mentally not fit 

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