The rise of Cello World, renowned for its diverse range of kitchenware products, has catapulted its Chairman and Managing Director, Pradeep Rathod, into the esteemed ranks of India’s billionaire club. Following the triumphant Initial Public Offering (IPO) of Cello World, Pradeep Rathod, who holds a substantial 44% stake in the company, now commands a net worth exceeding $1 billion (approximately Rs 8,317 crore), as reported by Forbes.
In addition to its flagship kitchenware line, Cello World has expanded its footprint into various sectors, including pens, stationery items, and moulded furniture, contributing 18% to the company’s revenue.
According to Forbes, the overwhelming response to the IPO saw the company’s shares oversubscribed 39 times, listing at a premium of 28% over their IPO price of 648. Deepak Jasani, Head of Retail Research at HDFC Securities, attributed this success to improved market sentiments towards midcap stocks and impeccable timing, coinciding with the festive season when consumer houseware sales peak.
Established in 1967 by Ghisulal Rathod, initially producing PVC footwear and bangles, Cello World transformed in the late ’80s when Ghisulal Rathod’s visit to the US-inspired the production of Cello casseroles. Under Pradeep Rathod’s leadership, the company expanded its portfolio to encompass a diverse range of kitchenware products and ventured into the glassware and opal ware market in 2017.
Pradeep Rathod: The Visionary Leader
As the Chairman and Managing Director of Cello World, Pradeep Rathod has been an integral force since the company’s inception. Boasting over four decades of industry experience, he collaborates in leadership with his younger brother, Pankaj Rathod, and son, Gaurav Pradeep Rathod.
Total Stake and Financial Valuation
As per a Times of India report, the Rathod family holds a commanding stake of more than 78% in Cello World, valuing approximately $1.6 billion (Rs 13,000 crore). Within this ownership, Pradeep Rathod’s 44% share alone is valued at over $1 billion (Rs 8,317 crore).
Beyond Cello World: Other Ventures
Beyond Cello World, the Rathods are prominent promoters of Wim Plast Ltd, a BSE-listed company renowned for producing plastic furniture under the Cello umbrella.
Philanthropic Endeavors
In addition to his business prowess, Pradeep Rathod is equally celebrated for his philanthropic contributions. Serving as a trustee for the Badamia Charitable Trust, the 59-year-old industrialist also holds the prestigious position of President of the JITO Administrative Training Foundation, as highlighted in a Hindustan Times report.
