Finolex Group founder P P Chhabria passes away

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Pune | Published: May 6, 2016 5:41:35 AM

Pralhad P Chhabria, founder and chairman of the Finolex Group passed away on Thursday at his residence after a brief illness.

Pralhad P Chhabria, founder and chairman of the Finolex Group passed away on Thursday at his residence after a brief illness. He was 86.

Born in Karachi, Chhabria migrated to India during partition. He started his business from scratch in Pune and went to build the Finolex Group of companies, which is valued at about a R10,000 crore business empire.

Chhabria established Finolex Cables in 1954 and Finolex Industries in 1981. Finolex was the first company to introduce jelly-filled telecom cables and drip irrigation in the country.

Finolex Plasson, was the first Indo-Israeli joint venture in the country and the JV was into drip irrigation.

Chhabria was also well known for his philanthropy.

He established the Mukul Madhav Foundation & Hope Foundation and Research Centre, which worked for the under privileged. He set up the Mukul Madhav Vidyalaya at Ratnagiri, the Finolex Academy of Management & Technology in Ratnagiri, Maharashtra and the International Institute of Information Technology at Hinjawadi, Pune.

He is survived by his son Prakash and daughter Aruna and their families.

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