Did Karnataka: KSDL Really Hand Over Rs 135 Crore Dividend to the Government?
Click to start listening
Synopsis
Karnataka Soaps and Detergents Limited has made headlines by delivering a record dividend of Rs 135 crore to the State Government. With impressive profits and a commitment to growth, this public sector enterprise is setting new benchmarks in the industry. Explore the journey of KSDL and its contributions to the state.
Key Takeaways
- Karnataka Soaps and Detergents Limited presented a record dividend of Rs 135 crore to the State Government.
- The company achieved a turnover of Rs 1,700 crore and a profit of Rs 451 crore in the previous year.
- 30% of profits are distributed as dividends, following regulatory guidelines.
- There has been a progressive increase in dividends over the past years.
- Karnataka Soaps and Detergents Limited continues to expand its product range, maintaining its status as a leading public sector enterprise.
Bengaluru, Oct 24 (NationPress) The state-owned enterprise Karnataka Soaps and Detergents Limited has officially delivered Rs 135 crore to the State Government as a dividend drawn from its profits for the fiscal year 2024–25.
This significant cheque was presented by Large and Medium Industries Minister M.B. Patil and Karnataka Soaps and Detergents Limited Chairman Appaji Nadagouda to Karnataka Chief Minister Siddaramaiah at the Conference Hall of Vidhana Soudha.
During the event, Minister Patil commented that Karnataka Soaps and Detergents Limited achieved a remarkable turnover of Rs 1,700 crore and reported a profit of Rs 451 crore in the previous financial year. Following regulatory guidelines, 30 percent of that profit has been allocated to the government as a dividend.
“This represents a historic milestone for the company in terms of turnover, profit, and dividend,” he noted.
In the fiscal year 2022–23, Karnataka Soaps and Detergents Limited contributed a dividend of Rs 54 crore to the State Government, followed by Rs 108 crore in 2023–24. Compared to last year's figures, this year's dividend marks an increase of Rs 27 crore. “We anticipate further growth in this amount in the upcoming years,” Minister Patil added.
Also present at the event were Karnataka Deputy Chief Minister D.K. Shivakumar, Ministers K.J. George, Priyank Kharge, M.C. Sudhakar, Santosh Laud, Industries Department Principal Secretary S. Selvakumar, and Karnataka Soaps and Detergents Limited’s Managing Director P.K. Prashanth.
Karnataka Soaps and Detergents Limited was established in 1916 by the Government of Mysore. This public sector enterprise is renowned for its flagship product, Mysore Sandal Soap, crafted from pure sandalwood oil sourced in Karnataka.
The company was founded to enhance and commercialize the state’s sandalwood resources and to produce high-quality soaps and detergents for both domestic and international markets. Over time, Karnataka Soaps and Detergents Limited has broadened its product range to encompass various personal care and hygiene items.
Point of View
The initiative should be viewed favorably as it demonstrates the capability of government-owned entities to perform effectively in a competitive market.
NationPress
24/10/2025
Frequently Asked Questions
What was the dividend amount handed over by KSDL?
Karnataka Soaps and Detergents Limited handed over Rs 135 crore to the State Government as a dividend.
Who presented the dividend cheque?
The cheque was presented by Large and Medium Industries Minister M.B. Patil and KSDL Chairman Appaji Nadagouda.
What was KSDL's turnover and profit last year?
Karnataka Soaps and Detergents Limited achieved a turnover of Rs 1,700 crore and a profit of Rs 451 crore in the last financial year.
How does this year's dividend compare to previous years?
This year's dividend of Rs 135 crore reflects an increase of Rs 27 crore compared to last year's Rs 108 crore.
What products is KSDL known for?
Karnataka Soaps and Detergents Limited is best known for its flagship product, Mysore Sandal Soap.
