Home Entertainment Who is Pradeep Rathod, the new entrant to India’s billionaire league

Who is Pradeep Rathod, the new entrant to India’s billionaire league

Posted November 14, 2023 by o2005

Cello World chairman, Pradeep Rathod, became a billionaire following the company’s public listing, with his 44% stake valued at $1 billion.

This week, the public listing of Cello World, renowned for its diverse kitchenware, catapulted its chairman, Pradeep Rathod, into India’s billionaire league. His 44% stake in the company, is now valued at $1 billion ( ₹8,300 croreForbes reported.

Pradeep Rathod.(Cello)

Cello World achieved a market valuation of ₹16,806.58 crore, with robust trading activity—13.31 lakh shares at BSE and over 1.79 crore shares at NSE. The Initial Public Offering (IPO) witnessed remarkable demand, subscribing 38.90 times on the final day, featuring a price band of ₹617-648 per share.

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1. Established by Ghisulal Rathod in 1974, Cello originated as a Thermoware manufacturer for Indian kitchens in Mumbai, later expanding its product range.

2. Cello World spans three main categories, offering a wide array of consumer houseware, writing instruments and stationery, and moulded furniture along with related products.

3. In 2017, Cello diversified its business by entering the glassware and opal ware market, further broadening its product offerings under the ‘Cello’ brand.

4. There are 13 manufacturing facilities located in Daman, Haridwar, Baddi, Chennai, and Kolkata. Additionally, plans for a new glassware facility in Rajasthan.