Where The Rich Are Investing 2017

Viju Jacob

The Oleoresin baron might never list Synthite but he loves equities for its compounding ability

RA Chandroo

India today accounts for 70% of the global spice oleoresin market and calling the shots from the God’s Own Country is the Rs.1,800 crore Synthite Industries, India's biggest oleoresin exporter. Jacob, a Malayalee Christian, is now nurturing a dream of touching Rs.3,000 crore in revenue by FY20. However, to fuel the business, Jacob is not putting his personal money, primarily salary and dividend income, back into the business. “We don’t involve personal money as the business is self-reliant and runs on its own accruals,” says Jacob, who owns a significant stake in the business besides his father, brother and a cousin. The company has been generating an average profit of Rs.71 crore for each of the past five years on an equity capital of Rs.1 crore.