Vikram Kothari (Rotomac)

Some Lesser Known Facts About Vikram Kothari

• Does Vikram Kothari smoke?: Not Known

• Does Vikram Kothari drink alcohol?: Not Known

• He was born into a business family.

• In 1973, Kothari brought to the world a mouth freshener- Pan Parag.

• In the 1980s, Kothari set up his stationery business under the name of Rotomac.

• In the 1980s, Pan Parag was the biggest advertiser on television.

• The Kothari family also owned Pan Parag, a prominent mouth-freshener brand in India. However, in 1999, after his father MM Kothari’s death, the family business was divided among Vikram Kothari and his brother Deepak Kothari; with Deepak getting the ownership of Pan Parag, while Vikram was given Rotomac.

• Vikram Kothari led Rotomac to become a leading stationery brand in India. The brand Rotomac was endorsed by Salman Khan.

• Bollywood actress Raveena Tandon also endorsed the Rotomac Pen.

• According to sources, Vikram Kothari also heads Rotomac Exports Pvt. Ltd., Kothari Foods and Fragrances, Crown Alba Writing Instruments, Mohan Steels Limited, RFL Infrastructure Pvt. Ltd. and Rave Entertainment Pvt. Ltd., besides Group’s real estate ventures at Kanpur, Lucknow, Dehradun & Ahmedabad.

• According to sources, former Prime Minister Atal Bihari Vajpayee has honoured Vikram Kothari with the Best Exporter award, conferred by FIEO in collaboration with Union Ministry of Commerce. 

• In February 2017, Bank of Baroda had declared him a ‘willful defaulter.’

• In February 2018, a news started doing rounds in media that Vikram Kothari had fled after defaulting on loans worth over ₹800 crore taken from different state-owned banks. This came less than a week after Punjab National Bank (PNB) detected a ₹11,400 crore scam wherein diamond jeweller Nirav Modi, Ami Modi (Nirav Modi’s wife), Neeshal Modi (Nirav Modi’s brother), and Mehul Choksi (Nirav Modi’s maternal uncle) allegedly acquired fraudulent Letters of Undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.