Tuesday, December 6

60 years on, how this Kolkata-based legacy business continues to spice up Indian and global markets

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India is often called the ‘land of spices,’ and rightly so. According to a report by research platform Statista, India is one of the largest producers of spices in the world. The country produces about 75 varieties of spices out of the 109 listed by the International Organisation for Standardisation.

Indian spices, especially the likes of black pepper, turmeric, cloves, etc, have found eager takers in the global market. According to a report by IBEF, between April 2020 and February 2021, India exported spices worth $3.55 billion. 

While India houses several spice brands, SMBStory traced the story of a Kolkata-based spice manufacturing company whose history dates back to the 1950s. 

Shri Dhannalal Jain had been working as a labour in Kolkata and had dreams of making it big in the city. While he used to load and unload goods from vans and trucks, he dreamt of doing something better and bigger.

Gradually, Dhannalal entered the small-time business of trading spices, which he would buy from different parts of the country and sell to shopkeepers in Kolkata’s Amartolla Street. When he realised that there was immense scope and opportunity in this segment, he decided to launch a business in 1957. 

From trading, Dhannalal gradually shifted to manufacturing. He set up a unit in Kolkata in 1985 and went on to build four more units in Kolkata, Rajasthan, and Unjha (Gujarat) in the subsequent years. 

Source : your story

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