With Rafiq Ahmed At Helm, Will KICL Regain Pristine Glory?

Late DC Kothari was a tall name in the industrial landscape of Tamil Nadu. And, Kothari Industrial Corporation Ltd (KICL), the agro input (fertilisers and insecticides) company promoted by him, an iconic entity. After him, the onus fell upon son Pradip D Kothari but, it hasn’t been a smooth ride. He had to fend off incursions from cousin, the late Shyam Kothari (son-in-law of the late Dhirubhai Ambani). Pradip Kothari did succeed in barricading KICL. That legal battle in the 90s did make national headlines then. Much water has flown under the bridge since then. KICL now appears to have undergone a major overhaul and, sports new names on the management list. Of course, Pradip Kothari remains the Chairman. But it is driven by self-taught entrepreneur Jinnah Rafiq Ahmed, who is now the vice-chairman & MD of KICL. Parveen Roadways, his key venture, does quite a lot of work for the Southern Railways showing his experience with the contracts business model. Will this push the well-networked Ahmed to opt for contract manufacturing of fertilisers sold under the brand name Horse? This could see the company do well and get re-listed soon after internal issues saw its share trading being suspended many moons ago. Hopefully, investors holding KICL shares would soon find a window to cash out.