MDH Masala owner Dharampal Gulati died at the age of 98 on Thursday morning. According to reports, Gulati was undergoing treatment at a hospital in Delhi for the last three weeks. He had a cardiac arrest on Thursday morning and breathed his last at 5.30 am.
Gulati was born on March 27, 1923, in Sialkot (Pakistan). He completed 5th grade and left school in the year 1933. After the partition of the country in 1947, he came to India. At the time of coming to India, he had only 1500 rupees. He started by running the tanga, after which he opened a spice shop on Ajmal Khan Road in Karol Bagh, Delhi.
In the year 1937, he started the business with the help of his father and after that, he did the business of soap, cloth, hardware, rice, etc. He was India's oldest rich man in the IIFL Hurun India Rich 2020 list. His wealth has reached Rs 5400 crore today.
He was awarded the Padma Bhushan, the country's third-highest civilian award in 2019. After coming to India, Gulati's spice business grew slowly and today he has 18 spice factories in the country and Dubai.
Gulati set up the first factory in 1959 in Kirtinagar, Delhi. Dharampal also has an office in London. Today, MDH spices are supplied in more than 100 countries.
According to Euromonitor, Dharampal Gulati was the highest-grossing CEO of the FMCG sector. Gulati used to donate about 90 percent of his salary. They were also running 20 schools and 1 hospital.