Ashok Todi
Ashok Todi | |
|---|---|
 | |
| Personal details | |
| Born | 17 September 1958 |
| Parent | Giridhari Lal Todi |
| Alma mater | Bhawanipur College |
| Occupation | Industrialist (Lux Industries) |
Ashok Todi (born 1958) is an Indian industrialist, heading the Kolkata-based Lux Industries group, a Rs. 120-billion plus company which is the market leader in India of the inner wear garment segment.[1][2][3]
Career
Ashok Todi was born into a Hindu Marwadi business family, the son of industrialist Giridhari Lal Todi.
Lux Industries Limited
Lux Industries Limited is an innerwear company of India with three brands in its portfolio - Lux Innerwear, GenX Style Inners, and ONN Premium Inners.[4][failed verification] Lux Cozi is the main brand of Lux Industries Limited. The company launched a consumer coupon scheme in 1992 called "Mazedar Mauka". From 1 product, the company's product range has expanded to more than 150 products today.[citation needed] Ashok is:
- The Chairman of Lux Industries Limited;
- Director of Biswanath Hosiery Mills Limited; and,
- Director of Todi Hosiery Limited
Todi took over as the chairman of the company on 1 October 2007.[citation needed] By a quirk of fate, this was exactly the time when he became embroiled in the murder case.
Awards
Under Todi's leadership, Lux Industries Limited received the star export house award.[citation needed] In 2013, Lux was awarded Asia's Most Promising Brand[5] and Master Brand 2013.[6][failed verification]
Murder case
In September 2007, Todi became embroiled in a controversy regarding the death of Rizwanur Rahman, who was allegedly in a relationship with Todi's daughter, and by some accounts is said to have been secretly married to her. The case remains under investigation as of 2021.[7]
In India, it is not uncommon to see business families indulge in unscrupulous acts to further their business and personal interests. For example, Mahesh Goenka, who is the son-in-law of Surajmal Jalan, the promoter of Linc Pens, was accused of conducting the biggest GST Fraud in Singapore in 2009.[8] Apparently, the Jalan family not only helped him escape from Singapore but also made him a shareholder in their retail arm, Linc Retail and helped him illegally occupy a senior citizen's property with the aim of extoring money from the senior citizen.
References
- ^ "Lux Industries Share Price, Lux Industries Stock Price, Lux Industries Ltd. Stock Price, Share Price, Live BSE/NSE, Lux Industries Ltd. Bids Offers. Buy/Sell Lux Industries Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com. Retrieved 13 September 2021.
- ^ "LUX Industries Limited". Archived from the original on 14 December 2013. Retrieved 2013-12-14.
- ^ "Ashok Kumar Todi". www.bloomberg.com.
- ^ http://media.wix.com/ugd/50d0b5_a21c067c8f163bfb104bdb2523ed2dec.pdf [bare URL PDF]
- ^ "World Consulting and Research Corporation". www.wcrc.co. Archived from the original on 22 April 2013.
- ^ "Master Brand". Archived from the original on 14 December 2013. Retrieved 14 December 2013.
- ^ "Rizwanur Rahman case: HC rejects Ashok Todi's plea for dismissal of charges". The Indian Express. 12 June 2017. Retrieved 9 June 2018.
- ^ https://eresources.nlb.gov.sg/newspapers/digitised/issue/straitstimes20091205-1#.
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