Kanpur, January 4: Vikram Kothari, managing director of Rotomac Group, passed away in Uttar Pradesh's Kanpur on Tuesday morning. Kothari, who was one of the big businessmen who had launched Pan Masala and Rotomac Pen, breathed his last at his residence in Tilak Nagar in the city.

The servants in the house first reported his death to the wife Sadhana and son Rahul who were in Lucknow. In the morning, the servants found him unconscious and called the doctor who declared him dead, probably due to cardiac arrest. Kothari, who owns the Dum Pan Masala, had started another company by launching Rotomac Pen in 1995. Rotomac Fraud: CBI Questions Owner Vikram Kothari in Connection with Rs 800-crore Loan Default Scam.

He was initially involved in the business of import-export and parted ways with Pan Parag in 1999 after family split. In the year 1997, he was awarded as the best exporter by the Prime Minister. His Rotomac company's worth in next 10 years (1995-2005) rose to Rs 100 crore. There was a wave of mourning in the industry after the news of his death.

(The above story first appeared on LatestLY on Jan 04, 2022 04:05 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).