Rs 250 Crore
Arunachalam Muruganantham Networth: Arunachalam Muruganantham is a social entrepreneur from Coimbatore in Tamil Nadu, India. He is the inventor of a low-cost sanitary pad making the machine and is credited for innovating grass-roots mechanisms for generating awareness about traditional unhygienic practices around menstruation in rural India. His mini-machines, which can manufacture sanitary pads for less than a third of the cost of commercial pads.
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Arunachalam Muruganantham Net Worth 2019
How much is Arunachalam Muruganantham Worth?
The now-famous inventor of the low-cost sanitary napkin manufacturing machine is happy his business model has created hundreds of rural women entrepreneurs whose combined annual turnover is estimated at Rs.250 crore.
Having sold around 2400 machines till date – they were installed all over India from Leh to Kanyakumari, and in 17 other nations, including the US – he estimates that 24,000 women have got employment through his machines and 13 million women use their pads.
His pads are being sold for just Rs 2 per piece and women are said to be buying them in barter, exchanging onions or other local produce for their pads.
Arunachalam Muruganantham House and Cars Collection
Arunachalam Muruganantham House Address:
Muruganantham lives in a 500 sq ft rented first floor home at PN Pudur, where in one portion he has kept his fitness kits, sample packets of sanitary pads made by the women’s groups, and also his numerous awards inside a steel almirah.
Jayashree Industries, a proprietorship firm, had already sold about 100 machines to women’s groups across India. Members of the groups not only had a source of income but had made local women use their sanitary pads as well.
Muruganantham told me even then he was not interested in amassing wealth. He said a private company offered him a blank cheque to acquire the patent rights of the machine, but he had rejected it outright.
He was awarded by then President Pratibha Patil. Muruganantham made 250 machines in 18 months and sell out for states in North – Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh. He didn’t have to look back after that.
Today, he is successfully running a napkin business, Jayashree Industries, with 2003 units across India, including the Andaman and Nicobar Islands. More than 21,000 women employees work in his venture.
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Arunachalam Muruganantham Biography | Wiki
Muruganantham was born in 1962 to S. Arunachalam and A. Vanita, who were hand-loom weavers in Coimbatore, India. Muruganantham grew up in poverty after his father died in a road accident. His mother worked as a farm laborer to help in his studies. However, at the age of 14, he dropped out of school.
At the age of 26, he got married and came face to face with the reality which is witnessed by 93% of the women in India. He worked on a quest to change the status quo. By the age of 28, he had discovered the secret ingredient to the machine and completed his machine. It was only when he was 34 that this idea came into the limelight.
He won a prize at IIT Madras, got noticed and was funded so that he could market his product. He is neither a millionaire nor a Silicon Valley-based genius, he is a turnaround and an inspiration who spent his decade of the 20s doing odd jobs to make money and working on his invention.
In 1998, he got married to Shanthi. Shortly after, Murugananthan discovered his wife collecting filthy rags and newspapers to use during her menstrual cycle, as sanitary napkins made by multinational corporations were expensive. Troubled by this, he started designing experimental pads. Initially, he made pads out of cotton, but these were rejected by his wife and sisters.
Eventually, they stopped co-operating with him and refused to be the test subjects for his innovations. He realized that the raw materials cost 10 paise ($0.002), but the end product sold for 40 times that price. He looked for female volunteers who could test his inventions, but most were too shy to discuss their menstrual issues with him.
He started testing it on himself, using a bladder with animal blood, but became the subject of ridicule when the “sanitary pad” was discovered in his village. As menstruation is a taboo subject in India, it left him ostracized by his community and family. He distributed his products free to girls in a local medical college, provided they returned them to him after use.
It took him two years to discover that the commercial pads used cellulose fibers derived from the pine bark wood pulp. The fibres helped the pads absorb while retaining shape. Imported machines that made the pads cost INR 35 million. So, he devised a low-cost machine that could be operated with minimal training.
He sourced the processed pine wood pulp from a supplier in Mumbai and the machines would grind, de-fibrate, press and sterilize the pads under ultraviolet before packaging them for sale. The machine costs INR 65,000.
For his idea, he was named one of Time Magazine’s 100 Most Influential People in 2014.
In 2016, he was awarded the Padma Shri.
Arunachalam Muruganantham’s (M) story is Akshay Kumar’s inspiration for his next Bollywood film, Padman.
Quick Facts about Arunachalam Muruganantham:
|Native name||அருணாசலம் முருகானந்தம்|
|Born||1962 (age 54–55)
Coimbatore, Tamil Nadu, India
|Occupation||Inventor and social entrepreneur|
|Hometown||Coimbatore, Tamil Nadu, India|
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