Senior functionaries of the Karnataka government receiving the dividend from KSDL, which manufactures the famous Mysore Sandal soap.
Bengaluru: Public Sector Enterprise Karnataka Soaps and Detergents Limited (KSDL) on Friday handed over ₹135 crore to the State Government as dividend from its profits for the financial year 2024–25.
On behalf of the enterprise, Large and Medium Industries Minister M.B. Patil and KSDL chairman Appaji Nadagouda presented the cheque to Chief Minister Siddaramaiah at the conference hall of the Vidhana Soudha.
Speaking on the occasion, Patil said that KSDL had achieved a turnover of ₹1,700 crore and recorded a profit of ₹451 crore in the last financial year.
In line with regulations, 30 per cent of the profit has been paid to the government as dividend.
“This marks an all-time record for the company in terms of turnover, profit and dividend,” he remarked.
In 2022–23, KSDL had paid a dividend of ₹54 crore to the State Government, followed by ₹108 crore in 2023–24.
Compared with last year, this year’s dividend reflects an increase of ₹27 crore.
“In the coming years, this amount is expected to rise,” Patil added.
Deputy Chief Minister DK Shivakumar, Ministers KJ George, Priyank Kharge, Dr MC Sudhakara, Santosh Lad, Industries Department Principal Secretary S. Selvakumar and KSDL’s Managing Director Dr PK Prashanth were present on the occasion.
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