Connect with us

Wealth and Rich List

Ramachandran Ottapathu Net Worth 2024



Ramachandran Ottapathu net worth

How much is Ramachandran Ottapathu net worth?

Ottapathu, 52, is the CEO of Choppies, Botswana’s largest retailer.

Choppies, which was founded in 1986 as a single supermarket in Lobatse, a small town in South-Eastern Botswana, has grown to become a retail powerhouse with more than 170 stores in Botswana, South Africa, Zimbabwe, Zambia, Kenya, and Tanzania.

Ramachandran Ottapathu Net Worth

Read Richest Man in Botswana

Ramachandran Ottapathu net worth

Choppies has been expanding aggressively in the last two years. In March last year, it acquired 21 retail stores in South Africa from Jwayelani Retail and subsequently in November acquired 3 outlets in Kenya from struggling retail chain Ukwala Supermarkets. Ottapathu owns a 19.5% stake in Choppies which is valued at more than $60 million.

Read Dada Net Worth

How many branches does choppies?

Outside of South Africa, Choppies is the largest retailer in southern Africa with 161 stores and nine distribution centres.

The South African operations are executed through a wholly owned subsidiary Choppies Supermarkets SA (Proprietary) Limited, which operates in the Limpopo, North-West and Free State provinces.

Who is the owner of choppies?

Since 1999 the company grew to become the dominant leader in the fast-moving consumer good industry in Botswana. The management team includes the founding members of Choppies, Mr. Farouk Ismail who is the current Deputy Chairman and Mr. Ramachandaran Ottapathu who is the current CEO.

The company’s main competitors include retailers SPAR, Pick N Pay, Woolworths Foods, Shoprite and small local general dealers. The Group has a current market share in Botswana of 30%, according to an independent survey conducted by Briggs and Associates.

Despite numerous competitors, Choppies has managed to expand to some African countries starting with South Africa. Here, it is in tough competition with its rivals but is still the preferred retailer giving it an upper hand in exploring foreign markets.

Ramachandran Ottapathu net worth is valued at $580 million.