Sandeep Engineer: Difference between revisions

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>Akash006sethi
(I just update the date of birth as per the same reference link. Kindly approved it.)
 
>Edwardx
(Restored revision 1044265364 by Edwardx (talk): Children are not named in the infobox unless independently notable, number is sufficient. See Template:Infobox person.)
 
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{{Short description|India businessman}}
{{Short description|India businessman and Industrialist}}
{{Use dmy dates|date=July 2019}}
{{Use dmy dates|date=July 2019}}
{{Infobox person
{{Infobox person
| name        = Sandeep Engineer
| name        = Sandeep Engineer
| image      =
| image      = Sandeep Engineer .jpg
| caption    =
| caption    =
| birth_name  =
| birth_name  =
| birth_date  = 11 May, 1961<ref>|title= Sandeep Engineer's Forbes Profile |url=https://www.forbes.com/profile/sandeep-engineer/?sh=1c0ef9362bfc</ref><ref name="Forbes India">{{cite news |last1=Thaker |first1=Naini |title=How Astral Pipes' Sandeep Engineer became a mint-new billionaire |url=http://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 |accessdate=24 April 2019 |work=Forbes India |date=3 April 2019}}</ref>
| birth_date  = 11 May 1961<ref>{{cite web|title= Sandeep Engineer's Forbes Profile |url=https://www.forbes.com/profile/sandeep-engineer}}</ref><ref name="Forbes India">{{cite news |last1=Thaker |first1=Naini |title=How Astral Pipes' Sandeep Engineer became a mint-new billionaire |url=http://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 |accessdate=24 April 2019 |work=Forbes India |date=3 April 2019}}</ref>
| birth_place =
| birth_place = [[Ahmedabad]], [[Gujarat]], India
| death_date  =
| death_date  =
| death_place =
| death_place =
| nationality = Indian
| education  =
| education  =
| occupation  = Businessman
| occupation  = Managing Director, Astral Limited <ref>{{cite web |title=Astral Ltd. |url=https://economictimes.indiatimes.com/astral-ltd/infocompanymanagement/companyid-15686.cms |website=The Economic Times}}</ref>
| known for  = Founder, MD & CEO of Astral Pipes
Managing Director, Resinova Chemie Limited
| home_town  =
| known for  = Founder, Astral Limited
| networth    ={{Increase}} US$1.7 billion (December 2020)<ref name="Forbes profile">{{cite web |title=Forbes profile: Sandeep Engineer |url=https://www.forbes.com/profile/sandeep-engineer/ |website=Forbes |accessdate=26 December 2020}}</ref>
| title      =
| title      =
| term        =
| term        =
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| boards      =
| boards      =
| spouse      = Jagruti Sandeep Engineer
| spouse      = Jagruti Sandeep Engineer
| partner    = <!-- name of unmarried long-term partner, if particularly relevant, or if the partner is notable. -->
| children    = 2  
| children    = 2 <!-- Typically the number of children (e.g., 3); only list names of independently notable or particularly relevant children. -->
| parents    = <!-- include only if they are independently notable or particularly relevant. -->
| relatives  = <!-- Names of siblings or other relatives; include only if independently notable and particularly relevant -->
| website    =
}}
}}
'''Sandeep Engineer is an Indian Billionaire Industrialist, inventor and chemical engineer. He is the founder, Managing Director & CEO of Astral pipes, a Fortune 500 company.


Engineer started his career as Product Engineer with Cadila Laboratories and worked there for two and half years. With this strive to create something of his own, he left his job and ventured in the distributorship of Isabgol constipation remedy. But soon he had to shut it down.  
'''Sandeep Engineer''' (born 11 May 1961) is an Indian billionaire industrialist based in [[Ahmedabad]], [[Gujarat]]. A chemical engineer by profession, he is the founder and managing director of Astral Limited, a [[Fortune 500]] India company.<ref>{{cite web |title=Fortune India 500 |url=https://www.fortuneindia.com/fortune-500/company/astral-poly-technik?year=2020 |website=Fortune India}}</ref> As of September 2021, his net worth is estimated at US$2.9 billion.<ref name="Forbes profile">{{cite web |title=Forbes profile: Sandeep Engineer |url=https://www.forbes.com/profile/sandeep-engineer/ |website=Forbes |accessdate=14 September 2021}}</ref>
 
==Early life==
Sandeep Engineer was born on 11 May 1961 to Pravin Chandra and Hansaben Engineer in Ahmedabad, Gujarat.<ref name="Forbes profile" /> After doing his schooling at Udgam School, Ahmedabad, he then earned a bachelor's degree in chemical engineering.<ref name="Forbes profile" /> from [[Lalbhai Dalpatbhai College of Engineering]].<ref>{{cite web |last1=Pandey |first1=Piyush |title=An engineer who means business |url=https://www.business-standard.com/article/beyond-business/an-engineer-who-means-business-104050601048_1.html |website=Business standard |access-date=14 June 2013}}</ref>
 
==Career==
He started as a project engineer with Cadila Pharmaceuticals.<ref>{{cite web |last1=Pandey |first1=Piyush |title=An engineer who means business |url=https://www.business-standard.com/article/beyond-business/an-engineer-who-means-business-104050601048_1.html |website=Business Standard |access-date=14 June 2013}}</ref> <ref name="Forbes India" /> Then, his first entrepreneurial stint was as a distributor of flavoured Isabgol, a home remedy for constipation, across Ahmedabad. The venture shut down in a couple of years, leaving him with losses.


Engineer established Astral pipes in 1996, with the aim to manufacture polymer based plumbing and drainage systems. In 1998, he launched CPVC Piping for the first time in India. Initial a few years were struggling for him as these pipes were expensive as compared to the conventional Galvanized Iron pipes.
In 1987, he started Shree Chemical to manufacture pharmaceutical intermediates.<ref>{{cite web |last1=Pandey |first1=Piyush |title=An engineer who means business |url=https://www.business-standard.com/article/beyond-business/an-engineer-who-means-business-104050601048_1.html |website=Business Standard |access-date=14 June 2013}}</ref> Sandeep later established Kairav Chemicals Pvt Ltd to start pharmaceutical bulk drugs at Santej, near Ahmedabad in 1992.<ref>{{cite web |last1=Yadav |first1=Shekhar |title=The ‘Astral Poly Technik’ story |url=https://www.myinvestmentdiary.com/post/the-astral-poly-technik-story |website=MyInvestmentDiary |access-date=11 April 2020 |language=en |date=11 April 2020}}</ref>


Engineer took up the challenge and put serious efforts to educate and develop the market for CPVC pipes & fittings. With slow and steady acceptance in the market, Astral pipes emerged as a leading player and maintained a commanding presence across markets with its world class CPVC pipes and fittings.  
Engineer had a particular interest in [[polymers]] right from his college days. After eight years of business in pharmaceutical bulk drugs, he decided to venture into polymer processing.<ref>{{cite book |last1=Mukherjea |first1=Saurabh |title=The Unusual Billionaires |date=17 August 2016 |publisher=Penguin UK |isbn=978-93-86057-67-9 |url=https://books.google.co.in/books?id=UL3BDAAAQBAJ&printsec=frontcover&dq=inauthor:%22Saurabh+Mukherjea%22&hl=en&sa=X&redir_esc=y#v=onepage&q=Sandeep%20Engineer&f=false |language=en}}</ref> He came in contact with B.F. Goodrich, a US Fortune 500 company (now Lubrizol), pioneers in patented chlorinated polyvinyl chloride [CPVC] polymers used in piping industries.<ref>{{cite web |last1=Yadav |first1=Shekhar |title=The ‘Astral Poly Technik’ story |url=https://www.myinvestmentdiary.com/post/the-astral-poly-technik-story |website=MyInvestmentDiary |access-date=11 April 2020 |language=en |date=11 April 2020}}</ref> He soon approached B. F. Goodrich and tied up for the processing license for the first time in India.<ref>{{cite web |last1=Yadav |first1=Shekhar |title=The ‘Astral Poly Technik’ story |url=https://www.myinvestmentdiary.com/post/the-astral-poly-technik-story |website=MyInvestmentDiary |access-date=11 April 2020 |language=en |date=11 April 2020}}</ref> This tie-up formed a new company named Astral Poly Technik Limited (now Astral Ltd).<ref>{{cite web |title=Astral Poly Technik renamed as 'Astral Limited'; Stock tumbles 3% |url=https://www.indiainfoline.com/article/news-top-story/astral-poly-technik-renamed-as-astral-limited-stock-tumbles-3-121041300219_1.html |website=IIFL Securities |access-date=13 April 2021}}</ref>


In 2014, Engineer diversified his business and ventured into Adhesive category manufacturing a wide range of adhesives, sealants, putties and construction aids.  
In 2014, Engineer diversified Astral business by entering into the  [[adhesives]] and [[sealants]] market. Astral acquired an 80% controlling stake in UK-based company Seal It Services Ltd.<ref>{{cite web |title=Astral Poly Technik forays into adhesive manufacturing |url=https://www.thehindubusinessline.com/companies/astral-poly-technik-forays-into-adhesive-manufacturing/article23169639.ece |website=The Hindu Business Line |access-date=26 August 2014}}</ref><ref>{{cite web |last1=Vishal |first1=Dutta |title=Astral Poly Technik acquires British company Seal It Services for Rs 44 crore |url=https://economictimes.indiatimes.com/industry/cons-products/durables/astral-poly-technik-acquires-british-company-seal-it-services-for-rs-44-crore/articleshow/40934796.cms?from=mdr |website=The Economic Times |access-date=26 August 2014}}</ref>, manufacturing a diversified range of adhesives and sealants, and also acquired Kanpur-based ResinovaChemie Ltd.<ref>{{cite web |last1=Anuradha |first1=Verma |title=Astral Poly acquires 76% stake in adhesive maker Resinova Chemie for $34M |url=https://www.vccircle.com/astral-poly-acquires-76-stake-adhesive-maker-resinova-chemie-34m/ |website=VCCiRCLE |access-date=25 November 2014}}</ref><ref>{{cite web |title=Astral to acquire adhesive maker Resinova |url=https://www.livemint.com/Companies/TivJnxci1frC953WDOPt3M/Astral-to-acquire-adhesive-maker-Resinova.html |website=MINT |access-date=21 November 2014}}</ref>
Engineer is married to Jagruti and lives in Ahmedabad with his two sons, Kairav and Saumya.
 
In 2020, Engineer entered the plastic storage tanks business through the acquisition of Sarita Water Tanks,<ref>{{cite web |title=Astral Poly Technik Rating: Add; Deal with SPPL can be very rewarding |url=https://www.financialexpress.com/market/astral-poly-technik-rating-add-deal-with-sppl-can-be-very-rewarding/2139517/ |website=Financial Express |access-date=30 November 2020}}</ref> an [[Aurangabad]]-based company and also started production of [[water tanks]] with the brand name Astral.<ref>{{cite web |title=Astral Poly gains on commencing production of water storage tanks |url=https://www.business-standard.com/article/news-cm/astral-poly-gains-on-commencing-production-of-water-storage-tanks-120121400556_1.html |website=Business Standard |access-date=14 December 2020}}</ref>
 
==Personal life==
Engineer is married to Jagruti and lives in Ahmedabad with his two sons, Kairav and Saumya.<ref>{{Cite news|title=Don’t have any acquisition plan for now: Sandeep Engineer, Astral Poly Technik|work=The Economic Times|url=https://economictimes.indiatimes.com/opinion/interviews/dont-have-any-acquisition-plan-for-now-sandeep-engineer-astral-poly-technik/articleshow/41171197.cms?from=mdr|access-date=2021-07-09}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}
"How Astral Pipes' Sandeep Engineer became a mint-new billionaire". [https://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 Forbes India].  
"How Astral Pipes' Sandeep Engineer became a mint-new billionaire". [https://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 Forbes India].  
Forbes profile: [https://www.forbes.com/profile/sandeep-engineer/?sh=60373e152bfc Sandeep Engineer]".


{{Authority control}}
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[[Category:Living people]]
[[Category:Living people]]
[[Category:Indian billionaires]]
[[Category:Indian billionaires]]
[[Category:1960s births]]
[[Category:1961 births]]
[[Category:People from Ahmedabad]]
 
{{India-business-bio-stub}}
{{India-business-bio-stub}}

Latest revision as of 15:30, 15 September 2021


Sandeep Engineer
File:Sandeep Engineer .jpg
Born11 May 1961[1][2]
Ahmedabad, Gujarat, India
OccupationManaging Director, Astral Limited [3] Managing Director, Resinova Chemie Limited
Known forFounder, Astral Limited
Spouse(s)Jagruti Sandeep Engineer
Children2

Sandeep Engineer (born 11 May 1961) is an Indian billionaire industrialist based in Ahmedabad, Gujarat. A chemical engineer by profession, he is the founder and managing director of Astral Limited, a Fortune 500 India company.[4] As of September 2021, his net worth is estimated at US$2.9 billion.[5]

Early life[edit]

Sandeep Engineer was born on 11 May 1961 to Pravin Chandra and Hansaben Engineer in Ahmedabad, Gujarat.[5] After doing his schooling at Udgam School, Ahmedabad, he then earned a bachelor's degree in chemical engineering.[5] from Lalbhai Dalpatbhai College of Engineering.[6]

Career[edit]

He started as a project engineer with Cadila Pharmaceuticals.[7] [2] Then, his first entrepreneurial stint was as a distributor of flavoured Isabgol, a home remedy for constipation, across Ahmedabad. The venture shut down in a couple of years, leaving him with losses.

In 1987, he started Shree Chemical to manufacture pharmaceutical intermediates.[8] Sandeep later established Kairav Chemicals Pvt Ltd to start pharmaceutical bulk drugs at Santej, near Ahmedabad in 1992.[9]

Engineer had a particular interest in polymers right from his college days. After eight years of business in pharmaceutical bulk drugs, he decided to venture into polymer processing.[10] He came in contact with B.F. Goodrich, a US Fortune 500 company (now Lubrizol), pioneers in patented chlorinated polyvinyl chloride [CPVC] polymers used in piping industries.[11] He soon approached B. F. Goodrich and tied up for the processing license for the first time in India.[12] This tie-up formed a new company named Astral Poly Technik Limited (now Astral Ltd).[13]

In 2014, Engineer diversified Astral business by entering into the adhesives and sealants market. Astral acquired an 80% controlling stake in UK-based company Seal It Services Ltd.[14][15], manufacturing a diversified range of adhesives and sealants, and also acquired Kanpur-based ResinovaChemie Ltd.[16][17]

In 2020, Engineer entered the plastic storage tanks business through the acquisition of Sarita Water Tanks,[18] an Aurangabad-based company and also started production of water tanks with the brand name Astral.[19]

Personal life[edit]

Engineer is married to Jagruti and lives in Ahmedabad with his two sons, Kairav and Saumya.[20]

References[edit]

  1. ↑ "Sandeep Engineer's Forbes Profile".
  2. ↑ 2.0 2.1 Thaker, Naini (3 April 2019). "How Astral Pipes' Sandeep Engineer became a mint-new billionaire". Forbes India. Retrieved 24 April 2019.
  3. ↑ "Astral Ltd". The Economic Times.
  4. ↑ "Fortune India 500". Fortune India.
  5. ↑ 5.0 5.1 5.2 "Forbes profile: Sandeep Engineer". Forbes. Retrieved 14 September 2021.
  6. ↑ Pandey, Piyush. "An engineer who means business". Business standard. Retrieved 14 June 2013.
  7. ↑ Pandey, Piyush. "An engineer who means business". Business Standard. Retrieved 14 June 2013.
  8. ↑ Pandey, Piyush. "An engineer who means business". Business Standard. Retrieved 14 June 2013.
  9. ↑ Yadav, Shekhar (11 April 2020). "The 'Astral Poly Technik' story". MyInvestmentDiary. Retrieved 11 April 2020.
  10. ↑ Mukherjea, Saurabh (17 August 2016). The Unusual Billionaires. Penguin UK. ISBN 978-93-86057-67-9.
  11. ↑ Yadav, Shekhar (11 April 2020). "The 'Astral Poly Technik' story". MyInvestmentDiary. Retrieved 11 April 2020.
  12. ↑ Yadav, Shekhar (11 April 2020). "The 'Astral Poly Technik' story". MyInvestmentDiary. Retrieved 11 April 2020.
  13. ↑ "Astral Poly Technik renamed as 'Astral Limited'; Stock tumbles 3%". IIFL Securities. Retrieved 13 April 2021.
  14. ↑ "Astral Poly Technik forays into adhesive manufacturing". The Hindu Business Line. Retrieved 26 August 2014.
  15. ↑ Vishal, Dutta. "Astral Poly Technik acquires British company Seal It Services for Rs 44 crore". The Economic Times. Retrieved 26 August 2014.
  16. ↑ Anuradha, Verma. "Astral Poly acquires 76% stake in adhesive maker Resinova Chemie for $34M". VCCiRCLE. Retrieved 25 November 2014.
  17. ↑ "Astral to acquire adhesive maker Resinova". MINT. Retrieved 21 November 2014.
  18. ↑ "Astral Poly Technik Rating: Add; Deal with SPPL can be very rewarding". Financial Express. Retrieved 30 November 2020.
  19. ↑ "Astral Poly gains on commencing production of water storage tanks". Business Standard. Retrieved 14 December 2020.
  20. ↑ "Don't have any acquisition plan for now: Sandeep Engineer, Astral Poly Technik". The Economic Times. Retrieved 9 July 2021.

"How Astral Pipes' Sandeep Engineer became a mint-new billionaire". Forbes India.

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