Early Life
Ashwin Desai was born in India. His early life involved growing up in a modest family. He was born in Kachholi. He studied Chemical Engineering at the Institute of Chemical Technology (ICT) in Mumbai, graduating in 1974.
Rise to Success
Desai's entrepreneurial journey began in 1976 when he co-founded a specialty chemicals business with his brother-in-law. In 2013, he founded Aether Industries in Surat, focusing on producing specialty chemicals for sectors like agrochemicals, pharmaceuticals, and oil and gas. The company went public in June 2022, raising $103 million, which propelled Desai into billionaire status. He is the wealthiest person in Surat.
Key Business Strategies
Aether Industries operates under three business models, including manufacturing intermediates and specialty chemicals, contract research and manufacturing services (CRAMS), and exclusive contract manufacturing. The company's key clients include Saudi Aramco and Dr Reddy's.
Philanthropy
Specific philanthropy amounts for Ashwin Desai were not found in the search results. However, his contributions through Aether Industries and other initiatives are expected.