Pune: CMD of Manikchand Group Rasiklal Manikchand Dhariwal passed away due to multi- organ failure this evening in a private hospital on Tuesday, said doctors and family sources.
He was 79 and is survived by wife Shobha, a son and four daughters. According to the hospital, where Dhariwal breathed his last, he was admitted on September 4 and was suffering from cancer.
Born in Shirur in Pune district of Maharashtra, Dhariwal inherited a bidi factory with 20 workers from his father and went on to become a gutkha baron.He spotted potential in tobacco products and further diversified his business and ventured into gutkha business, where he made a name for himself.
Not limiting his business to gutkha, whose manufacturing and sale was banned in Maharashtra a few years ago, Dhariwal forayed into newer domains such as packaging, roller flour mills, real estate, wind energy, packaged drinking water and pet preforms (for water and edible oil).