Ghanshyam Sarda has been instrumental in turning several ailing industrial units around. When he graduated from St. Xavier’s College, he first concentrated on the jute industry which was a high export earner but in decline then.

Several just mills were rendered sick and quite a few of these were closed after incurring huge outstanding liabilities to employees, banks and various institutions. Mr. Sarda has the distinction of reviving 9 such jute mills with his entrepreneurial skills. He managed to liquidate all the liabilities to the workers and restoration of financial health, which had been undermined by the previous managements. Today the Sarda Group commands a 20% share in India’s resurgent jute industry.