We often hear stories of individuals who left well-paying jobs to start their businesses and eventually became billionaires. Sandeep Engineer is one such inspirational figure. Starting his career as a Project Engineer in a pharmaceutical company, Sandeep is now one of the richest Indians with a real-time net worth of Rs 31730 crore, according to Forbes.
Building an Empire: Astral Limited
Sandeep Engineer, a first-generation entrepreneur and industrialist based in Ahmedabad, is the founder, chairman, and Managing Director of Astral Limited. As of May 14, Astral Limited boasts a market capitalization of Rs 59607 crore, making it one of India’s fastest-growing building materials companies.
The Career Shift: From Pharma to Polymer
A chemical engineer by training, Sandeep initially started his career in the pharmaceutical industry in 1987. After eight years in the pharma sector, he decided to diversify and venture into polymer processing. This bold move laid the foundation for what would become Astral Limited.
Pioneering Innovations in India
In 1998, Astral Limited made history by introducing CPVC piping to India. This innovation significantly boosted the company’s sales, especially after Bollywood actor Salman Khan became its brand ambassador. Today, Astral Limited not only manufactures CPVC piping but also produces adhesives and sealants, broadening its product range and market reach.
A Family-Run Success
Sandeep’s success is a family affair, with his two sons, Kairav and Saumya, playing key roles in the business. Kairav Engineer serves as the Executive Director at Astral Limited, while Saumya is the CEO of Astral’s adhesives and paints businesses. Together, they are steering the company toward even greater heights.