By Startup Authority
The business has always been in the blood of the Mehta family for ages. Most of his business knowledge came from his family background. He carried out his grandfather’s and father’s work very prominently and is still continuing to do so to date. We can see how emerging he is making his business portfolio after his grandfather and father.
Mehta Group was and is still known for its diverse business culture and contributions to various industries. It was Jay Mehta who helped the group to expand more into the food industry, cricket, entertainment, and many more.
His contributions to these different and diverse businesses have helped lots of people to get employed. The interesting part about Mehta Group is they are not only making an impact in India but, on various other foreign soils as well. Most of the credit for expansion to major foreign lands goes to Jay Mehta.
An Overview of Jay Mehta's Success Story & Life
- Introduction
- Jay Mehta comes from a family with a strong business background.
- He has played a significant role in expanding the Mehta Group into various industries.
- His contributions have led to job creation and business expansion in both India and foreign countries.
- Early Life and Family Background
- Born in 1961, Jay Mehta faced challenges despite being part of an established business family.
- He pursued higher education, completing his BS from Columbia University and MBA from International Institute for Management Development.
- Jay Mehta's first marriage ended tragically in a plane accident, but he later married Bollywood actress Juhi Chawla, with whom he has two children.
- Business Ventures and Successes
- The Mehta Group, founded by Jay Mehta's grandfather, initially focused on textiles, cement, and trading.
- Jay Mehta's involvement brought diversification into industries like food, entertainment, sports, and more.
- His strategic moves helped expand the group's operations in India and abroad.
- Diversified Business Portfolio
- The Mehta Group's business spans various sectors, including cement, sugar, packaging, engineering, hospitality, and entertainment.
- Jay Mehta's interest in sports and entertainment led to co-ownership of the Kolkata Knight Riders cricket team.
- The group also ventured into food service product manufacturing, producing paper cups, plates, and bowls.
- Philanthropic Activities
- The Mehta Group emphasizes corporate social responsibility and supports initiatives in India, Uganda, and Kenya.
- Activities include funding educational institutions like Arya Kanya Gurukul and health care centers like Sidhee Health Care Centre.
- Net Worth Assessment
- Jay Mehta's estimated net worth is $15 million and more.
- The Mehta Group's profitability is influenced by its cement business, among other diverse ventures.
- Notable Achievements and Awards
- The Mehta Group has received recognition for environmental efforts, like the Greentech and Fame Award.
- Jay Mehta was honored with the Parvasi Bharatiya Samman Award in 2015.
- Impact on the Industry
- Jay Mehta's focus on innovation and advanced technologies transformed various business categories within the group.
- Saurashtra Cement, under his leadership, saw notable progress.
- Personal Life and Family
- Jay Mehta's interest in entertainment grew through his association with his wife, Juhi Chawla.
- He shares a private life with Juhi and their two children, Jahanavi and Arjun.
- Future Endeavors
- The Mehta Group continues to grow with ongoing projects and completed ventures in real estate and construction.
Early Life and Family Background of Jay Mehta
Jay Mehta’s story is one of the most inspiring stories that one will ever listen to. This Indian businessman and entrepreneur surely did not get an easy life. His journey to success was quite tough and many people even had lost hope in this businessman and entrepreneur. Jay Mehta was born back in 1961 and is nearly 62 years old today.
His early life was not like any other normal child. Jay was born with a silver spoon as his grandfather had already set up business in many countries across the globe. It was his grandfather who played a major role in the set-up and the diverse business culture of the Mehta Group. But, Jay did not gain his position in this huge fortune company very easily, he worked hard for the position that he is in today.
Jay Mehta's Journey to Success: From Challenges to Triumph
When it comes to his educational background, Jay has finished his BS from Columbia University and has completed his MBA from International Institute for Management Development. He is surely highly qualified for the position he holds today in the huge business group.
Jay first married Sujata Birla who unfortunately died in a plane accident. Later, he gained more recognition when he married former Miss India and Bollywood actress Juhi Chawla. With Juhi Chawla, Jay Mehta has two children one daughter and one son.
Expanding Horizons: Mehta Group's Diverse Business Ventures
In some way we could say that Jay Mehta was very lucky to be born with such an established business. Most of the hard work and commitment was done by his grandfather and father a little. But, the expansion of their business and coming out with two new businesses was from Jay Mehta.
Nanji Kalidas Mehta was born in India in the late 19th Century. At the age of just 13 years, his grandfather migrated to Uganda. Putting his first step in Uganda, he started a series of businesses that included a tea plantation, a cotton ginnery, a sugarcane plantation, and a sugar factory. Little did we know that, after a century this small idea would be a superhit business.
Soon the grandfather’s established business on foreign soil became an instant hit and he started operations in India as well. He set up a textile mill and ginning factory in Porbandar, Gujrat. Other than that, he also set up a trading company in Bombay.
The Success Story of Saurashtra Cement Limited: Jay Mehta's Role
Soon a cement company was also established and it was named Saurashtra Cement Limited which was established back in 1956. The whole ecosystem of this work made Mehta Group. Moreover, business was always there in the family of Mehta and Jay Mehta was bound to join his father’s business or grandfather’s business.
Initially, when Jay joined his grandfather’s company he was fixed on the technical aspects of the company. The moment he was made vice-chairman of Saurashtra Cement back in 2004 his thoughts changed. Further, a turning point came into his life in 2006 when Hong Kong-based AMD Capital bought a minority stake in Saurashtra Cement, helping the company to expand its operations in India. We could say that, Jay Mehta took care of the expansion part of the business.
Jay Mehta's Impact on Mehta Group's Diversified Business Portfolio
Jay Mehta was always a part of a diversified business ever since he was born. Initially, he might not have been given a huge role in those diversified businesses but, the moment he was capable to handle situations his father gave him a chance. Moreover, the Mehta Group itself covers a wide and varied spectrum.
Such as cement, building materials, sugar, packaging, horticulture, floriculture, engineering, electrical cables, consultancy, agrochemicals, hospitality, entertainment, sports, carbon dioxide, trade & financial services, and international trade.
We can see how diversified the business portfolio just Mehta Group has. Initially, Jay Mehta was given the part of the cement business only and the rest was handled by his father. But, that did not remain for a long time and he was given a higher position in Mehta Group.
If we talk about sports and entertainment. This group including Jay Mehta has taken a keen interest in arts, culture, sports, and entertainment. Mehta Group or Jay Mehta is one of the co-owners of Kolkata Knight Riders Indian Premiere League’s cricket franchise along with the greatest Shah Rukh Khan.
Other than these, Jay Mehta has taken an interest in food service products as well. They manufacture paper cups, with and without handles, in various sizes, colours, and prints for various applications. Other than this, they also manufacture and sell paper plates, bowls, lids, and many more. GlobalCups’ plant is strategically placed in a SEZ area near Kandla Port, Gujrat.
Philanthropic Activities: Jay Mehta's Commitment to Giving Back
Jay Mehta has performed lots of philanthropic activities with the help of his company. We do have to agree, he has done quite a lot for the deserving society. The Mehta Group has lots of activities or programs for the needy ones or society.
A strong Corporate Social Responsibility is one of Mehta Group’s most important core values. The aim of this company is to touch everybody’ lives, without losing sight of their obligations to the resources of the world and its people. They have taken initiatives not only in India but, in Uganda and Kenya as well.
Some of the initiatives that are taken by Mehta Group are the following:-
- Arya Kanya Gurukul
- Gurukul Mahila College, Porbandar
- Santokba Vidyamandir, Porbandar
- NKDAV Public School at Gujrat
- Sidhee Health Care Centre at Sidheegram, Gujrat
Jay Mehta's Net Worth and Mehta Group's Global Presence
Mehta's family has created an enormous business group from where Jay Mehta earns huge money. Many sources have revealed that the estimated net worth of Jay Mehta is $15 million and more. All the credit for such goes to his huge empire of business which has spread over major parts of the world and they are still spreading.
| Category | Details |
|---|---|
| Net Worth | $15 million and more |
| Source of Wealth | Mehta Group's businesses and investments |
| Business Ventures | Cement, building materials, sugar, packaging, horticulture, floriculture, engineering, electrical cables, consultancy, agrochemicals, hospitality, entertainment, sports, carbon dioxide, trade & financial services, international trade, and more |
| Notable Awards | - Greentech and Fame Award for Environment - Parvasi Bharatiya Samman Award in 2015 - Launch of Rue Du Liban |
| Philanthropic Activities | - Arya Kanya Gurukul - Gurukul Mahila College, Porbandar - Santokba Vidyamandir, Porbandar - NKDAV Public School at Gujrat - Sidhee Health Care Centre at Sidheegram, Gujrat |
| Business Projects | - Completed numerous projects and buildings worldwide - 12 ongoing projects - Recently completed three to four projects - Active in the real estate industry |
Interestingly, the annual report which was released by The Mehta Group back in 2015 revealed that the bulk of revenue and profitability came from the value of cement. The cement business under the Mehta Group is doing very well and it is flourishing every year. Other than that, we know how widely spread products and services Mehta Group has today.
Notable Achievements and Awards: Recognitions for Mehta Group
Mehta Group has done quite a lot ever since it was established in the world market. Due to their efficiency and dedication towards society, the company has won lots of notable achievements and awards from various industries.
Mehta Group has won lots of achievements and awards from various companies. Here are some of the notable ones:-
- Greentech and Fame Award for Environment
- Parvasi Bharatiya Samman Award in 2015
- Launch of Rue Du Liban
Ever since Jay Mehta was given a role in the Mehta Group, he took lots of great responsibility. He put his intention, focus, and dedication to the company and we have to agree he did quite well in that.
Initially, he was asked to handle the technical aspects of Saurashtra Cement Limited. Jay did make some changes in the whole industry but, those were not major ones. Several big companies rode a construction boom of staggering profits, but Saurashtra Cement was unable to make big inroads.
But, his focus did not change, he put lots of new innovations and advanced technologies into all the categories separately. Now, we have to agree that all the categories are doing very well.
Balancing Business and Personal Life: Jay Mehta and Juhi Chawla's Story
Outside of business, Jay Mehta has interests in cricket and entertainment. Now, his interest in entertainment came from none other than his current wife and Bollywood actress Juhi Chawla.
Jay Mehta was earlier married to Yash Birla’s sister who unfortunately died in a plane crash back in 1991. Within five years down the line, Jay Mehta tied the knot with Juhi Chawla. Jay Mehta and Juhi Chawla met from a mutual friend Rakesh Roshan who had introduced the couple. The moment when Jay Mehta lost his first wife, the friendship between Juhi Chawla and Jay Mehta grew.
Juhi and Jay are blessed with two kids a daughter Jahanavi and a son Arjun. Despite being constantly in the limelight, Juhi has kept her personal life and her kids lifeguarded from the media.
Future Endeavors: Mehta Group's Ongoing Projects and Growth Plans
Mehta Group has lots of experience in the world market and that is growing every day. They have completed lots of projects and buildings in the past three to four decades. Every year, they build lots of buildings and apartments for various customers across the country and the globe.
Currently, they have 12 ongoing projects and have recently completed three to four projects. The company gets lots of projects and finishes them on time for all the customers in the country. You can easily find out the finished and ready-to-move projects completed by the company by visiting its official website.
