Early Life
Lalit Khaitan was born in Kolkata and received his education at Mayo College, Ajmer, and St. Xavier's College, Kolkata. He furthered his studies with a Bachelor's degree in Engineering from BMS College of Engineering, Bengaluru, and a Managerial Finance and Accounting course at Harvard, USA.
Rise to Success
Khaitan inherited a liquor business from his father, G.N. Khaitan, in 1995. Under his leadership, the company transformed from a bottler to a leading producer of Indian Made Foreign Liquor (IMFL). His son, Abhishek Khaitan, played a significant role in the company's foray into branded beverages.
Key Business Strategies
Lalit Khaitan's leadership has been marked by strategic decisions, including diversifying into branded beverages with the launch of 8 PM whisky in 1998, which quickly became a million-case brand. He has emphasized quality standards and customer satisfaction. The company's long-term strategy of expanding its premium brands has been paying off.
Philanthropy
Beyond business, Khaitan is involved in philanthropy, with initiatives focusing on education, healthcare accessibility, and rural development. He has supported organizations like the Akshaya Patra Foundation. Radico Khaitan has also been involved in promoting sports and health awareness, partnering with events like the National Inter-State Senior Athletics Championships.