In three decades, Lotus Herbals, the bootstrapped natural beauty care warrior has kept its turf safe from big MNC rivals
(Left)Nitin Passi, Chairman and MD, Lotus Herbal and Dipin Passi, Joint MD, Lotus Herbal
Image: Amit Verma
The young grad was about to learn two priceless lessons from his mentor. “Don’t let them get under your skin,” Kamal Passi counselled his son, Nitin, who was getting bogged down by his wily opponents. Nitin completed his MBA in corporate strategy and finance from Katz Graduate School of Business, University of Pittsburgh, in 2000. After a two-year stint with Deloitte, the third-generation entrepreneur returned to India and joined the family business of natural skincare and beauty care products in December 2003. His father, an electrical engineer, was set to impart practical knowledge, which are either missed in B-schools’ curriculum or don’t find a mention in management books.
(This story appears in the 12 August, 2022 issue of Forbes India. To visit our Archives, click here.)