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
May 8,2020

Bengaluru, May 8: Karnataka Chief Minister B S Yediyurappa said his government is clear in its stand on extending every possible help to the farmers. The Chief Minister spoke to the farmer-leaders of the state, who wanted their concerns to be heard and addressed, with regard to the problems the agrarian community has been facing in the wake of the COVID-19 lockdown.

"We will soon make our position clear on supporting the farmers. We will not allow any hindrance to come in the way of agriculture activities," Yediyurappa told the farmer- leaders.

The Chief Minister told the delegation that the pre-monsoon activities are in full swing in the state.

The government has also set up help centres and been providing agriculture equipment on rent, the Chief Minister said. In most of the places, at least 80 per cent of the standing crops have been harvested.

Arrangements have been made to bring equipment from neighbouring states to harvest the standing crop, he said.

Yediyurappa said fertilisers and seeds are available in abundance in the state.

He informed the farmer-leaders about the arrangements made to transport flowers, vegetables and fruits to other states.

Similarly, the market has been developed for the farmers to sell their products, said the Chief Minister.

He said the government is working out a compensation for farmers who lost their crops due to hailstorm in Raichur, Koppal and Ballari. Agriculture Minister B C Patil, Horticulture Minister Narayana Gowda, Revenue Minister R Ashoka, Chief Secretary T M Vijay Bhaskar and Development Commissioner Vandita Sharma were also present in the meeting.

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News Network
February 15,2020

Mangaluru, Feb 15: Dense fog formation and poor visibility at the runway forced to delay and diversions of some flights arriving and take off at the Mangaluru International Airport (MIA) on Saturday.

Flights take off and landings were suspended from 0700 hours am to 1030 hours.

Many flights to land in the morning were diverted.

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News Network
April 14,2020

Bengaluru, Apr 14: Bracing for post-lockdown hard times, the Karnataka government on Monday decided to auction about 12,000 BDA sites and regularise unauthorised constructions across the state in a bid to shore up its already-thin finances.

"Some 12,000 corner sites (developed by Bangalore Development Authority, or BDA) are lying idle in Bengaluru. We hope to net about Rs 15,000 crore from the auction of the sites," chief minister BS Yediyurappa said after chairing a meeting with senior ministers and officials to discuss ways to raise funds.

"The Covid-19 pandemic has thrown Karnataka into a deep financial crisis. There's a need for such measures," the chief minister said in defence of the decisions.

The sites – mainly of 40x60ft and 50x80ft dimensions – are in nine layouts. Also, the state government will auction corner and vacant sites in layouts formed by development authorities in other major cities of Karnataka.

Industry experts said that in a tepid market, it wasn’t easy to find buyers for the sites, each of which costs about Rs 1 crore. The CM said, “Since it’s an open auction, I’m confident of a good price since corner sites are always in demand. If we don’t get the expected price, then we will stop the process.”

The meeting decided to fast-track disposal of the cases related to regularisation of unauthorised constructions pending before courts. “If courts decide these cases, then thousands of people will be relieved, besides helping the government in mobilising resources to take up development works,” the CM said.

The government hopes to get about Rs 4,000 crore from the layout-regularisation move.
The government decided to amend the law to allow hundreds of private and cooperative housing societies to allot residential plots.

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