Burman Family
LeagueBusiness Family
Net Worth$9.2 billion (As of October 10, 2020)
Burman Family's Assets:
Burman Family's Journey so far ...
Before you go ...
Burman Family's Journey so far ...
- The Burman family is known for their company Dabur, which has been controlled by the family since six generations
- In 1884, a doctor named S.K. Burman who made natural medicines for curing diseases like cholera, malaria and plague formed a company called Dabur
- The motive behind the venture was to provide effective medicines to people in remote villages at an affordable cost
- Burman set up a manufacturing plant in 1896 to produce his medicines in bulk
- The company entered the ayurvedic medicines sector in the early 1900s and in 1919, S.K. Burman's son C.L. Burman established the company’s first R&D centre
- With two new manufacturing units, Dabur expanded its reach to Bihar and the Northeast in 1920
- The company was formally incorporated as Dabur India (Dr. S.K. Burman) Pvt. Ltd. in 1936
- C.L. Burman’s sons P.C. Burman and R.C. Burman soon joined the business
- In 1940, the company forayed into the personal care market with the launch of Dabur Amla hair oil which soon became the largest selling hair oil in India
- Dabur Chyawanprash — which was the first branded Chawanprash in India — was launched in 1949
- Starting a family tradition, the male members of the fourth generation of the family started attending boarding school in Darjeeling and moving to the United States for higher studies
- It was the fourth generation of the family that emphasised on advertising. From TV ads to raining pamphlets from their Beechcraft aircraft to banners on elephants, they did it all
- They entered the oral care business with the launch of Dabur Lal Dant Manjan in 1970
- In 1972, the company moved its base from Kolkata to Delhi with a manufacturing plant set up nearby
- From the fifth generation, Anand Burman joined the company in 1980 and pioneered the formulation of anti-cancer drugs
- In 1986, Dabur India Ltd. was formed after a reverse merger and subsequently, the company became a public limited company
- After the launch of Hajmola digestive tablets in 1978, Hajmola candy was launched in 1989
- Forming their first international alliance, Dabur partnered with the Spanish firm Agrolimen in 1992 to manufacture and market confectionery in India
- Dabur introduced its IPO in 1994, which was subscribed 21 times despite its high premium
- Another member of the fifth generation, Amit Burman, was responsible for the formation of the Real fruit juices brand in 1996
- In 1996, the company was segregated into three divisions — health care products, family products and Dabur Ayurvedic Specialities Limited
- In 1998, the first non-family CEO was given the charge to run the company
- Dabur’s turnover crossed the Rs 1,000 crore mark in 2000
- As their first international acquisition, Dabur bought the Turkey-based personal care brand Hobi Kozmetik Group in 2010
- The company’s turnover reached the $1 billion mark in 2012
- Today, Dabur India Ltd. has a market cap of over Rs 80,000 crore and offers products in sectors ranging from hair & skin care to packaged foods. The Burman family holds around 68% shares of the company
- Currently, Amit Burman and Mohit Burman from the fifth generation of the family serve as chairman and vice-chairman, respectively, of Dabur India Ltd.
Before you go ...
- The term Dabur is a result of the amalgamation of the terms Daktar — what people used to refer to Dr S.K. Burman as — and Burman — his last name
Last Updated: 28/07/2021
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