Mangalore, October 11: Entrepreneur, philanthropist and chairman of Bharath Group Company B Ganapathi Pai passed away on Wednesday night. He was 77.
Ganapathi Pai, who joined the Group in 1954, emerged as one of the prominent entrepreneurs of coastal Karnataka after establishing Bharath Beedi Works Private Limited with a pan-India presence.
Presently the Group employs over 50,000 people directly and indirectly and has an annual turnover of about Rs. 400 crore.
It was his father B Manjunath Pai who established the business empire with No.30 brand Beedi.
The Bharath Group Companies include Bharath Beedi Works Pvt. Ltd., Bharath Exports, Bharath Builders, Bharath Printers and Alaknanda Printers, Bharath Auto Cars, Bharath Mall and Book Mark. Bharath group is running two educational institutions and a cultural centre in Karkala.
It may be recalled here that despite suffering a massive stroke in 2001, he had continued to guide his young team in managing the business.
Ganapathi Pai is survived by his wife Geetha Pai, two sons, Ananth, Anand and daughters Roopa and Rekha.
Condolence
Union minister for power and corporate affairs M Veerappa Moily has expressed condolences to the family members of the late entrepreneur.
“I am deeply shocked to learn about the sad demise of B. Ganapathi Pai, Chairman & Managing Director of Bharath Beedi Works Pvt. Ltd., Mangalore. He has been a great entrepreneur and philanthropist. I send my heartfelt condolences to the bereaved family”, said Mr Moily in a statement.
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