Rejected Rs 7000 crore, refused offer by Ratan Tata, meet woman who is turning water into ‘gold', giving tough competition to Mukesh Ambani; name is…
Going by the media reports, Ratan Tata has offered the business tycoon Rs 7,000 crore to purchase Bisleri International from Ramesh Chauhan, the founder. Bisleri and Tata had been in discussions for approximately two years and almost came to a deal in 2023 before it fell through.
The biggest reason behind the deal falling through was the decision made by Ramesh Chauhan's daughter, Jayanti Chauhan. Ramesh Chauhan's daughter, Jayanti Chauhan, decided to step in and run Bisleri, prompting her father to withdraw from spinning off the company. Ultimately, Bisleri remained in the family.
Bisleri is without a doubt the largest name in packaged water in India. Founded by Ramesh Chauhan in the 70s, the company had competitors and rival brands, including Kinley, Aquafina, Kingfisher, Himalayan, Bailley, the recent innovative QUA, Patanjali, and many others. While the competition is formidable, Bisleri continues to be the most well-known name in packaged water. In 2022, Ramesh Chauhan said during an interview with PTI that he was looking for a proper successor because his daughter, Jayanti Chauhan, had communicated to him that she was not interested in being the successor to the family business.
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