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With extraordinary foresight, relentless drive and an instinctive understanding of consumer aspirations, Gopu Nandilath has transformed a modest 3,000 sq ft electronics store into an expansive retail empire. Today, Gopu Nandilath G-Mart commands a formidable presence with 66 outlets across Kerala, redefining the way the state shops for consumer durables while earning an enduring place in the hearts of generations of customers.

Walk into almost any home in Kerala and chances are high that one will find a television, refrigerator, washing machine, mobile phone or another electronic appliance purchased from Gopu Nandilath G-Mart. From Kasaragod in the north to Thiruvananthapuram in the south, the name has become synonymous with quality, choice, value and trust. Behind this remarkable retail phenomenon is a man whose entrepreneurial instincts have consistently anticipated the changing aspirations of Kerala’s consumers.

Meet Gopu Nandilath, the visionary entrepreneur from Thrissur whose ability to read the market, embrace transformation and turn opportunity into enterprise has scripted an extraordinary business story. More than four decades after he took his first steps into the world of consumer electronics, his passion remains undiminished. In a candid conversation with R L Morris, the business leader looks back on his remarkable journey, the principles that shaped his success, his vision for the future and the passions that add colour to his life beyond business.

A Modest Beginning

Born the seventh among the eight children of N P Govindan, a Sub Inspector in the Kerala Police Department, and Malathi Govindan, a homemaker, Gopu Nandilath was fascinated by electronics from an early age. His ambitions, too, were far bigger than his circumstances.

After completing his schooling at Tharakan’s High School in Aranattukara, he travelled to Delhi to pursue a Diploma in Electronics. After completing his schooling at Tharakan’s High School in Aranattukara, he went to Delhi to pursue a Diploma in Electronics. “I completed my Diploma programme in Delhi,” said Gopu. After completing his studies, he joined the electronics business, which involved the manufacture and sale of television accessories such as antennae, boosters, stabilisers and cables.

It was a fascinating period in India’s consumer history. Television was gradually moving beyond the realm of privilege and entering the homes of the expanding middle class. Gopu was not merely witnessing the change; he was learning to understand it.

A Correct Prediction and the Birth of an Entrepreneur

The 1982 Asian Games in New Delhi proved to be a defining moment in India’s television story. The live telecast on Doordarshan fuelled an unprecedented appetite for television sets, particularly black-and-white models, and Kerala was quick to embrace the new phenomenon.

As television sets began finding their way into Malayali homes, Gopu Nandilath was already studying the transformation taking place around him. He recognised that the growing fascination with electronics was not a passing trend but the beginning of a profound shift in consumer behaviour.

As television showrooms multiplied across Kerala, he decided to take the entrepreneurial plunge.

In 1984, Gopu Nandilath embarked on his business journey by opening a modest 2,000 sq ft showroom on Kuruppam Road in Thrissur, the cultural capital of Kerala. The store dealt in televisions and electronic goods. What appeared to be a modest beginning would eventually become the foundation of a formidable consumer durables empire.

From 3,000 Sq Ft to 30,000 Sq Ft

Once he established his presence in Thrissur, Gopu’s entrepreneurial instincts came to the fore. Expansion followed swiftly, with Gopu Nandilath Agencies opening outlets in Irinjalakuda, Vadanappally, Pattambi, Perinthalmanna, and Mannarkkad.

“We began with electronic items such as television sets, washing machines and refrigerators from prominent brands manufactured in India,” he recalls.

Then came the winds of economic liberalisation in the early 1990s. India began moving towards a more open economy, paving the way for the entry of global brands across various sectors. The transformation was dramatic. International names entered virtually every segment of consumer life, from automobiles and personal care products to televisions, washing machines and refrigerators.

For an entrepreneur who had built his career by reading market signals, this was an opportunity rather than a challenge.

Gopu responded decisively. Gopu Nandilath Agencies began bringing prestigious international brands such as Whirlpool, Samsung, LG and Bosch into its fold. The company was no longer simply selling appliances; it was becoming a gateway through which Kerala consumers could experience a new world of products and possibilities.

2004: The Year That Rewrote Consumer Choices

If the early years established the foundation, 2004 marked a transformational chapter in the history of the enterprise.

As technology began reshaping everyday life, Gopu realised that the conventional showroom model needed to evolve. He embarked on an ambitious revamp, culminating in the launch of the first hi-tech showroom at Poonkunnam in Thrissur.

Gopu Nandilath with his wife, Shiny Gopu, and daughter, Aishwarya Nandilath

Spread across 20,000 sq ft, the showroom represented an entirely new retail experience. The brand was rechristened Gopu Nandilath G-Mart, and the Gopu Nandilath G-Mart Home Appliances Plaza emerged as one of the largest establishments of its kind at the time.

The response was extraordinary. Customers from across Kerala travelled to Thrissur to experience the vast selection, competitive pricing and attractive offers. Until then, consumers were accustomed to visiting smaller outlets where choices were often limited to a handful of brands. G-Mart transformed that experience into something closer to a destination.

A wide range of premium Indian and international brands was brought together under one roof, turning appliance shopping into an engaging retail experience.

“We can proudly say that it was through Gopu Nandilath G-Mart that Kerala consumers gained greater exposure to international brands. We were able to bring a whole range of global electronic brands to the Indian market after the opening of the economy,” says Gopu.

The success of the Poonkunnam model became a catalyst for the group’s expansion across Kerala.

“Change Is Key to Survival”

For Gopu Nandilath, standing still has never been an option.

Asked about the secret of surviving changing market conditions, his answer is immediate: “Change is essential for survival.”

He remembers that when he began his journey, the electronics boom led to the mushrooming of numerous small outlets. Many have disappeared over the years, he says, because they failed to respond to changing market realities.

“Nandilath was fortunate enough because we embraced innovation. It is my policy to upgrade or bring in changes every five years. We have to grow with technological advancements. That is the key to survival,” he says.

That philosophy continues to define G-Mart. From the early days of televisions and refrigerators to the era of smart appliances and artificial intelligence, the organisation has consistently adapted to the changing technological landscape.

Today, even as AI reshapes the consumer electronics industry, Gopu Nandilath is already showcasing products that harness its potential. His belief is simple: innovation keeps a brand relevant, while reinvention keeps it ahead.

Earning a Place in People’s Hearts

For all the emphasis on technology, expansion and business strategy, Gopu believes that the most valuable asset a company can possess is customer trust.

“Our trust in our customers keeps growing. Since its inception more than four decades ago, Gopu Nandilath G-Mart has been able to maintain a loyal customer base that runs into three generations,” he says.

Gopu Nandilath with his wife, Shiny Gopu.

The reasons are clear. Competitive pricing, a wide selection, reputed global and Indian brands, dependable after-sales service and attractive offers have combined to create a retail experience that consumers repeatedly return to.

“In fact, anyone can walk into our showroom and buy a product at a very convenient price, with the assurance that it is of premium quality. Customer satisfaction and happiness have been key ingredients of our success. We have earned a place in people’s hearts and the trust factor has transcended generations,” he says.

Another defining feature of the business model is the absence of middlemen. Products are sourced directly from manufacturers, enabling G-Mart to operate efficiently while passing a substantial part of the benefit to customers through discounts, special offers and gifts.

The Onam season, for instance, brings a spectacular array of incentives. The group’s lucky draw offers include 25 Maruti Suzuki Baleno cars, 100 one-gram gold coins, 100 ten-gram silver coins, 100 LED televisions and 100 washing machines, besides special discounts running into crores of rupees.

Always No. 1

Gopu Nandilath takes considerable pride in the position G-Mart has carved out in Kerala’s consumer durables market.

“I can say with pride that Gopu Nandilath G-Mart has occupied the Number One position among consumer durables in Kerala for several years in succession,” he says.

The scale of the group’s showrooms reflects the ambition behind the brand. Many of its outlets span between 10,000 and 35,000 sq ft, with several more on the expansion map. “This Onam, three more outlets are going to be opened. By December, five new showrooms will be there,” he says. Having established a strong presence in Kerala with 66 showrooms, the company is now setting its sights on 100 outlets across the state, while also exploring opportunities beyond Kerala, with Karnataka emerging as the first step in this expansion.

Despite the scale of the business, Gopu has always placed strong emphasis on maintaining close control over his operations. His approach is rooted in accessibility, customer service and the ability to give every outlet the attention it deserves.

“Wherever you travel in Kerala, there should be a Gopu Nandilath showroom every 30 kilometres. That is our vision,” he explains.

It is a strategy that has served him well. By maintaining a strong presence across the state and keeping a close watch on each outlet, Gopu has built a network that has continued to grow without a single showroom being closed down over the years.

Planning Ahead, Maintaining Momentum

Gopu Nandilath is a strategist who prefers to think several moves ahead.

“I have already laid out the blueprint for the next five years,” he says. The group is also strengthening its online presence, recognising that modern consumers increasingly value convenience and seamless shopping experiences.

For him, the future of retail lies in combining choice, technology, service and convenience. Businesses that understand their customers and respond quickly to their needs will remain relevant, he believes.

At G-Mart, understanding the customer is a structured exercise. A dedicated team studies markets extensively before strategies are formulated. Even the location of a new showroom is selected after analysing population patterns, spending behaviour and other economic indicators.

“We even check the CIBIL indices before zeroing in on a new location,” he reveals.

Managing a large enterprise while continuously exploring new opportunities is no small feat. Yet Gopu remains as energetic and hands-on as ever. He continues to closely monitor consumer behaviour, motivate employees and identify emerging categories.

The group’s entry into laptops and smartphones is another example of that forward-looking approach, adding new dimensions to an already extensive consumer electronics portfolio.

For Gopu, entrepreneurship demands perpetual alertness. A successful entrepreneur must remain sensitive to market fluctuations, anticipate what consumers will need next and introduce products and experiences before competitors do.

Family and Next-Gen Entrepreneurs

Behind every enduring entrepreneurial journey is often a strong support system, and Gopu Nandilath readily acknowledges the role played by his wife, Shiny Gopu.

A partner in the enterprise as well as in life, Shiny has remained a steadfast presence throughout his journey. The next generation, too, has already stepped into the business, bringing fresh perspectives and new-age expertise.

Arjun Nandilath with his wife, Ashvika Arjun, and their son, Adhrith Nandilath

Their daughter, Aishwarya Nandilath, pursued an MBA after completing her Engineering degree and is involved in Sales, Online Marketing and Social Media. Their son, Arjun, completed his MBA in the UK and is responsible for Sales and Marketing in the Mobile and Laptop Division.

Both have taken on their responsibilities with confidence, demonstrating that the entrepreneurial legacy is already in capable hands.

Gopu’s advice to his children when they entered the business was characteristically practical.

“Business is not easy like a bed of roses. But once you enter, it will become a passion,” he told them.

He also impressed upon them the importance of discipline and completing every task without delay.

“Procrastination can prove detrimental to any business as the backlog just keeps piling up. Time will never wait for us. So, we ought to complete all tasks on a daily basis without keeping them for tomorrow.”

He believes that a business has to be nurtured with constant care and attention. Aishwarya and Arjun are now steadily taking the reins of the business, carrying forward the legacy built by their father. “This is what I told them. They have successfully undergone the training and are excelling in what they are doing. I place full confidence in them,” he says with evident pride. More than the business itself, Gopu hopes to pass on the values that have guided his journey — honest, ethical and responsible leadership — so that the next generation can take the company forward with the same commitment and integrity.

In Love with the Beautiful Game

Away from boardrooms, expansion strategies and sales figures, Gopu Nandilath has another enduring passion: football.

His love for the beautiful game dates back to childhood. As a schoolboy, he would eagerly seize every opportunity to play football with friends. The passion has remained undiminished.

He considers himself fortunate to have watched the semi-finals and finals of eight FIFA World Cups, including the latest edition held in the United States.

A passionate admirer of Lionel Messi, Gopu continues to experience the same excitement every time he watches the Argentine maestro in action. Cristiano Ronaldo and Kylian Mbappé are among the other stars whose performances he follows closely.

For a man whose professional life revolves around strategy and competition, football perhaps offers another form of the same thrill: the unpredictability of the game and the exhilaration of staying ahead.

On a Globe-Trotting Spree

Gopu Nandilath is also an enthusiastic traveller who has visited more than 60 countries. His travels have combined business, curiosity and leisure, allowing him to observe different cultures and, importantly, study retail trends around the world.

The United States is among the countries he has visited several times, while New Zealand and Switzerland remain particular favourites.

“There is zero pollution in those two countries and the natural beauty is simply outstanding. That is why I wish to visit them again and again,” he says.

His first international trips took place in 1988, when he travelled to Singapore, Malaysia and the United States. India was still years away from economic liberalisation, and foreign exchange restrictions made overseas travel a very different experience.

For Gopu, travel is more than recreation. It is also research.

“Whenever I visit a country, I invariably visit electronic gadget showrooms there and try to keep abreast of the latest technology and changes, which I implement when I return,” he says.

The habit perfectly captures his entrepreneurial personality: even while travelling, he is observing, learning and searching for the next idea.

A Blessed Encounter

Among his many journeys, one particular experience holds a special place in Gopu’s heart.

In October 2024, during a visit to the Vatican, he was selected by the Sree Narayana Trust of Sivagiri to be part of a delegation attending a global inter-religious meeting hosted by the Vatican.

The occasion offered him the rare opportunity to spend a few moments with Pope Francis, the spiritual leader of more than a billion Catholics worldwide.

Gopu Nandilath presenting an elephant sculpture to Pope Francis during his visit to the Vatican.

Gopu presented the pontiff with a sculpture of an elephant and received his blessing. The memory remains a treasured one, preserved in a photograph of the encounter that occupies a prominent place in the elegant parlour of his residence in Thrissur.

For a man accustomed to meeting business leaders and navigating boardrooms, the encounter represented something altogether different: a deeply personal and spiritual moment that continues to resonate with him.

A Craze of Elephantine Proportions

Like many proud sons of Thrissur, Gopu Nandilath shares a deep fascination with elephants and the grandeur of traditional elephant pageantry.

At one point, he owned 11 tuskers. Three were donated to Guruvayur Temple, while three others passed away. Today, three remain.

Among them is ‘Nandilath Gopalakrishnan’, regarded as the biggest tusker in Kerala and a magnificent presence whenever he takes part in a procession.

His love for animals extends beyond elephants.

For more than two decades, Gopu has maintained a sprawling seven-acre farm at Kundannoor in Wadakkanchery. The property houses around 200 cows of different breeds, more than 100 goats, poultry, canines and exotic birds.

The farm grows grass for the cattle, and the cows collectively produce around 800 litres of milk every day, which is supplied to Milma.

“I have loved animals from a tender age and that is one reason why I wanted to have a farm. We also used to raise cows at our house when I was a child,” he says.

The entrepreneur’s passions do not end with animals. He is equally fond of premium automobiles, with an impressive collection adding another distinctive touch to his lifestyle.

With an instinct for opportunity, an appetite for innovation and an unwavering commitment to his customers, Gopu Nandilath has built much more than a chain of consumer durables stores. He has created a retail legacy that has evolved alongside Kerala itself.

From a 3,000 sq ft showroom in Thrissur to a statewide network of 66 outlets, his journey is a compelling study in foresight, resilience and reinvention. Yet perhaps the most remarkable aspect of Gopu Nandilath’s story is that, even after more than four decades at the helm, the hunger to evolve remains undiminished.

His empire may have grown from one showroom to a formidable retail network, but the philosophy at its heart remains unchanged: understand the customer, anticipate the future, embrace change and never stop moving forward.

And so, with integrity as his foundation, vision as his compass and an extraordinary zest for life as his driving force, Gopu Nandilath continues his winning streak—one showroom, one innovation and one customer at a time.

Pic courtesy: Pegasus/ images are subject to copyright

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The Federal International Chamber Forum (FICF) has announced key leadership, naming Shri Gokulam Gopalan as Chairman and Shri V P Nandakumar as Patron. The announcement signals a strategic step forward for the organization as it continues to consolidate its position as an elite global business collective.

FICF is a highly exclusive forum consisting solely of MBA Award laureates—distinguished leaders recognized for exceptional business success, ethical leadership, and significant contributions to society. Conceptualized by Dr. Ajit Ravi, the forum brings together industry pioneers who represent the highest standards of excellence and influence.

Dr Ajit Ravi, Founder, FICF & MBA Award

The MBA Award, which grants entry into FICF, is awarded annually to an accomplished leader whose assets exceed ₹1,000 crore and whose achievements reflect exceptional excellence, philanthropy, and commitment to nation-building.

To commemorate this new leadership announcement, FICF will host a prestigious felicitation ceremony on January 6th, 2026, at Le Meridien, Kochi. The occasion will bring together past award laureates, dignitaries, and industry leaders to honour the contributions of the newly inducted Chairman and Patron.

Under the leadership of Shri Gokulam Gopalan and the patronage of Shri V P Nandakumar, FICF aims to strengthen its international presence and continue fostering collaboration among the world’s most influential business leaders.

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The Manappuram VPN IBE Awards 2025 illuminated Kochi’s Gokulam Convention Centre on September 23 with a star-studded ceremony celebrating a decade of honouring excellence. Established in 2015 by Dr. Ajit Ravi in gratitude to his mentor V. P. Nandakumar, Chairman & MD of Manappuram Finance Ltd., the award debuted in Sri Lanka and has since become a distinguished symbol of recognition.

The 2025 edition brought together leaders from varied fields, with the awards presented by V. P. Nandakumar; and Dr. Ajit Ravi, Chairman of Pegasus.

Among the evening’s distinguished honourees were:

  • Dr. K. Paul Thomas, MD & CEO of ESAF Group of Social Enterprises – Beacon of Inclusive Banking Excellence Award.
  • S.K. Abdulla, MD of Lakeshore Hospital and Research Centre Ltd. – Exemplary Leader in Healthcare and Philanthropy Award.
  • Dr. Varghese Kurian, Group Chairman & MD of VKL Group – Business Luminary in Real Estate, Hospitality, and Philanthropy Award.
  • Dr. Gokulam Gopalan, veteran film producer and media leader – Lifetime Achievement Award in Indian Cinema.

The evening, hosted by Dr. Ajit Ravi, concluded with standing ovations for the honourees. With glamour, inspiration, and heartfelt tributes, the VPN IBE Awards 2025 reinforced its legacy as a platform spotlighting visionaries shaping industries and society at large.

Pic Courtesy: pegasus photography/ images are subject to copyright

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Kochi came alive with the official launch of Growvia.biz, a new-age digital commerce platform that promises to reshape the way people connect with business opportunities. The event opened with a warm welcome, followed by the grand entry of the Co-Founders and Founder & Chairman Dr. Jolly Antony, who is known for his successful ventures in hospitality, retail, wellness, and education. The inauguration was highlighted by the lamp-lighting ceremony and the unveiling of the official launch video.

The Co-Founders—Mr. Rijil Bharathan, Mr. Benny Esthaac, Mr. Sunil, Mr. Ranjulal, Mr. Athulnath, and Mr. Sreekumar—shared their inspiring journeys and vision for Growvia. In his address, Dr. Jolly Antony spoke about innovation, empowerment, and global aspirations, underlining Growvia’s mission to create new possibilities in digital commerce. The launch left the audience energized and excited about the brand’s bold step into the future.

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On July 17th, the Gokulam Park Convention Centre in Kochi witnessed a pioneering convergence of minds at the Manappuram Unique Times Business Summit 2025, organized by Pegasus Global Pvt Ltd, led by visionary founder Dr Ajit Ravi. Themed “Revolutionizing Travel Through Technology: The Role of AI and Virtual Reality,” the summit spotlighted the transformative role of emerging technologies in reshaping mobility.

Moderated by Dr. K. A. Kuriachan, Former District Governor of Rotary International District 3200, the panel included Prasanna Patwardhan, V.C. Praveen, Kanwarjit Singh Sawhney, Babu Panicker, Manu G, Loknath Behera, Dr Jolly Antony—each a key player in India’s transport evolution. The Business Summit was organized as a joint initiative by Manappuram Finance Ltd, Unique Times, and the Bus & Car Operators Confederation of India (BOCI).

Their dialogue delved into predictive analytics, AI-enhanced operations, and virtual experiences redefining travel behavior. The summit stood as a benchmark in integrating international perspectives with India’s rapidly advancing tech-driven transit goals.

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In a remarkable celebration of innovation and service in India’s travel sector, the Unique Times Mobility Innovator Awards took place on July 17 at Gokulam Park Convention Centre, recognizing key players shaping the nation’s mobility future. A joint initiative of Manappuram Finance Ltd., Unique Times, and the Bus & Car Operators Confederation of India (BOCI), the awards honored five outstanding contributors.

Kallada Tours & Travels, under the leadership of Suresh Kallada, received the Innovator in Mobility Infrastructure Award. The Heritage Excellence in Tourism Award was awarded to Panicker’s Travels India Pvt. Ltd., represented by Babu Panicker. Neo Classic Cruise and Tours Pvt. Ltd., led by Nishyjith K John, was honored with the Innovative Travel Experience Award. Ramesh Tours & Travels Pvt. Ltd., headed by Ramesh Babu Gopal, received the Leader in Personal Mobility Services Award, while Padikkal Travels Pvt. Ltd. and Manoj Padikkal were celebrated for Excellence in School Transportation Services.

The honors were presented by Shri Gokulam Gopalan (Sree Gokulam Group of Companies) during the formal ceremony, with Dr. Ajit Ravi, Founder & Chairman of Pegasus, also in attendance. The event reaffirmed the sector’s crucial role in building a more connected and sustainable India.

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Bussiness featured Interview

Starting with just three vehicles and no prior industry experience, Manoj Padikkal transformed Padikkal Travels into a trusted name in school transport and tourism through relentless determination, consistency, and a focus on quality. He shares how one opportunity grew into a long-term vision driven by innovation, discipline, and people-centric values. From integrating AI for enhanced safety to building strong industry relationships, his journey is a blend of tradition and technology. More than just managing vehicles and routes, his story is about building trust, upholding responsibility, and making a meaningful difference through dependable service.

In the early days of Padikkal Travels, what was the biggest learning curve you encountered as a newcomer to the industry?

When I launched Padikkal Travels in 2003, I had no background in the transport sector. What truly set things in motion was the support of a trusted contact who believed in my potential and gave me a chance to manage transport services. Sensing the opportunity, I decided to take the plunge with just three vehicles. From that point on, it’s been a continuous learning curve. The most unexpected challenge was stepping into an industry I knew little about—but I was driven to make the most of the opportunity and grow from every experience.

Was there a specific reason or experience that made you focus on the transport sector?

The journey into the transport sector wasn’t something I had planned. It began with a single opportunity. Someone saw a potential in me and offered me my very first contract. I didn’t have experience, but I had determination. After successfully handling that, nearby schools began reaching out, asking if I could take on their transport services, too. That’s when it clicked. I saw a real opportunity to build something meaningful. What started by chance turned into a calling. I realised that with hard work, trust, and consistency, I could create a service that made a difference in people’s daily lives.

Alongside school transport, you’ve built a strong presence in travel and tourism. How different is it in terms of challenges and customer expectations?

Travel and tourism come with their own set of challenges. But compared to school transport, it’s definitely more flexible. School transport demands constant vigilance; you’re responsible for the safety of young children every single day. There’s no room for error. Even a single day off isn’t an option, and if a bus breaks down, it has to be resolved immediately. The expectations are much higher because parents are trusting you with what matters most to them. In tourism, while safety is still a priority, the urgency and emotional responsibility aren’t as intense. Managing school transport teaches you discipline, precision, and accountability, and those values carry over to every other part of the business.

In a service-oriented industry like transportation, what strategies have helped you consistently meet client expectations and resolve issues efficiently?

It begins with building the right team. A strong HR foundation allows us to recruit individuals who not only have the necessary skills but also share our core values—safety, punctuality, and professionalism. We also maintain strict control over vehicle upkeep; all our buses are serviced regularly at our in-house garage to ensure they’re always in top condition. Just as crucial is communication—we prioritize client feedback, conduct regular site visits, and keep open lines of communication at all times. When problems do arise, we address them swiftly and personally. In this line of work, trust is everything, and how you respond makes all the difference.

Over the years, what guiding principle has shaped the way you lead and grow your business?

One principle I’ve always followed is to never compromise on quality and to remain accessible to clients at all times. In a people-centric business like ours, consistency and reliability are what earn long-term trust. Many of our clients have been with us for more than a decade, and that loyalty comes from strong relationships, not just service contracts. Being available, responsive, and committed to high standards every single day has been the key to building and maintaining enduring partnerships.

Your business spans several states and serves many institutions. How do you ensure consistency in service across different locations?

Consistency starts with building a strong foundation, clear systems, well-trained staff, and a shared commitment to quality. Across all our locations, we follow the same standard operating procedures and maintain strict checklists for vehicle maintenance, safety protocols, and daily operations. Our teams are regularly trained and monitored to ensure they uphold the same standards, no matter where they are. We also conduct site visits, gather regular feedback from clients, and stay in constant touch with our teams on the ground. It’s this hands-on approach and attention to detail that help us deliver a seamless experience across the board.

Have there been any moments of feedback from a parent, student, or school that deeply impacted how you see your work?

Definitely. Some of the most impactful lessons came from the early stages of the business, when we received critical feedback. Rather than seeing it as a setback, we took it as an opportunity to improve. That input helped us refine our systems and raise our standards. One piece of advice that stayed with me was to never become complacent—always keep evaluating and evolving. A moment I often recall is when a school principal said, “I never have to worry about transport anymore.” It wasn’t a grand statement, but it spoke volumes about the trust we had built. Feedback like that reminds us of the responsibility we carry and the value of consistency.

Running a demanding business often comes with personal sacrifices. How has your family supported you through the challenges of this journey?

In this line of work, challenges are constant—be it sudden breakdowns, staff shortages, or regulatory changes. During those unpredictable moments, my family’s support has been my foundation. They’ve encouraged me to stay the course during tough phases and have shown patience through long hours and high-pressure situations. More than just emotional support, they’ve given me clarity. When you’re making decisions that impact so many people daily, having a steady, grounding presence matters immensely. Their belief in me and the purpose behind what I do has helped me stay focused, resilient, and committed.

You hold key positions in transport associations like the Kerala Interstate Bus Operators Association and the Bus Operators Confederation of India. How has this exposure shaped your perspective on industry-wide challenges, and do you use those insights to influence your own business decisions?

Being in leadership roles within these associations has given me a much broader view of the transport industry. It’s made me aware of how different the rules, regulations, and taxation systems are across states, what works in one state can be completely different in another. I’ve also seen firsthand some of the key challenges we all face, like driver shortages, regulatory hurdles, and the slow pace of technological adoption in the sector.

At the same time, these roles have helped me build strong networks and stay ahead of industry changes. The insights I gain from discussions with operators across the country often inform how I run my own business. Whether it’s preparing for policy shifts, adopting new technologies, or simply learning from the experiences of others. It keeps me grounded but also forward-looking.

How are emerging technologies like AI shaping the way you manage your transport operations today?

AI is already making a meaningful impact on how we operate at Padikkal Travels. We’ve adopted several smart technologies—AI-based systems help us detect and prevent drunken driving, monitor driver fatigue, and instantly alert us if a driver appears drowsy. GPS integration allows us to optimise routes for better punctuality, while in-bus cameras offer live monitoring to ensure both driver accountability and passenger safety. We also use fuel theft alert systems to curb misuse and enhance operational efficiency. These tools have raised our safety standards, improved reliability, and deepened client trust. In today’s landscape, embracing such innovations isn’t a choice—it’s essential for sustainable growth.

Based on global best practices, what changes would you like to see in India’s school transport system?

I’ve always admired the structured approach seen in countries like Germany and the Netherlands, where school transport is handled with exceptional discipline and care. One standout practice I’d love to see adopted in India is the strict enforcement of road rules around school buses—particularly the rule that prohibits overtaking a bus when children are boarding or disembarking. These countries also have clearly designated zones for pick-up and drop-off, with traffic systems that prioritize student safety. While India has made notable progress, we still lack this level of infrastructure and driver discipline. Adopting such global standards could greatly enhance safety and bring much-needed structure to our school transport system.

Manoj Padikkal with his Family – (From Left) Megha Manoj (Daughter), Madhav Padikkal (Son), Reshmi Manoj (Wife), and Manoj Padikkal (Seated)

Can you share how your family contributes to the business and the role they play in its growth?

My family has been the backbone of this entire journey. My wife, Reshmi Manoj, who holds a postgraduate degree, is a Director at Padikkal Travels and plays a vital role in managing day-to-day operations and ensuring everything runs smoothly behind the scenes. Our daughter, Megha, is also a Director in the company. She has a BA in Economics (Honours) from Christ College, Bengaluru, and recently completed her MA in Public Policy from O.P. Jindal Global University, Delhi. Her academic background adds a unique policy-oriented perspective to the business.

Our son, Madhav, is currently in the 12th grade in Bengaluru, studying arts and humanities. He has already shown great interest in joining the business in the future. As a family, we’ve worked together to build Padikkal Travels into one of the most trusted names in school transport across South India. It’s been a collective journey rooted in shared vision, dedication, and mutual support.

What core mindset do you believe every aspiring entrepreneur should develop?

The most important shift in mindset is understanding that success doesn’t happen overnight. It demands relentless hard work, discipline, and consistency—every single day. Challenges are inevitable, but how you respond to them defines your path.

Even after all these years, there are nights I’m working till 2 a.m., only to wake up again at 4 a.m. to make sure everything is in place. That kind of dedication isn’t optional—it’s what the business requires. Dreaming big is important, but dreams only come true when you back them with unwavering effort and a never-give-up attitude.

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Indian logistics magnate Dr Vijay Sankeshwar, Chairman and Managing Director of VRL Group, has been named the recipient of the 19th MBA (Multibillionaire Business Achiever) Award, a prestigious honour celebrating extraordinary business impact and social commitment. The award, conceptualized by Dr. Ajit Ravi, is presented by Unique Times in partnership with Manappuram Finance Ltd. The grand recognition ceremony will take place on July 17th at the Sree Gokulam Park Convention Centre, Kochi.

A pioneering figure in India’s transport sector, Dr Vijay Sankeshwar becomes the first-ever recipient from Karnataka, marking a milestone in the award’s pan-India expansion. His leadership has transformed VRL Group into one of India’s most prominent logistics and fleet enterprises.

The award also grants him induction into the Federal International Chamber Forum (FICF)—a global forum for high-impact business leaders, envisioned by Dr Ajit Ravi and reserved exclusively for MBA Awardees.

The MBA Award continues to highlight Indian entrepreneurship on a global platform, emphasizing values of responsibility, ethics, and nation-building.

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Bussiness featured Interview

From the quiet lanes of Thrissur to the corridors of global recognition, K. Paul Thomas has walked a path few dare to tread—blending finance with faith, business with benevolence, and vision with values. This is the inspiring story of the man behind ESAF, who ignited India’s banking revolution rooted in compassion.

From a Dream to a Nationwide Mission

In 1992, amidst a transformative period in India marked by sweeping economic reforms and the dawn of globalisation, ESAF was launched as a non-governmental organisation (NGO). Just a few years later, in 1995—when the concept of “microfinance” was still largely unfamiliar—a visionary young man from Kerala, K. Paul Thomas, dared to dream differently about finance. This led to the birth of the Micro Enterprises Development (MED) Division under ESAF.

While many were fixated on building profit-driven empires, K. Paul Thomas chose a path less traveled—one centered on empowering people. His focus was on the often-overlooked segment of India’s population: women living in some of the most underdeveloped and remote parts of the country, long excluded from formal financial systems.

At the heart of ESAF’s humble beginnings was a powerful vision: to uplift communities not through handouts or charity, but by enabling dignified access to financial services. “The poor don’t need handouts. They need an opportunity to prove themselves,” he asserted.

Today, after more than three decades, ESAF has transformed from a grassroots initiative into a fully licensed Small Finance Bank. With a presence in over 780 locations across 24 states and 2 union territories, it proudly serves more than 9.4 million customers. Yet, despite its exponential growth, ESAF has never strayed from its founding spirit. It continues to operate not merely as a bank, but as a mission-driven movement grounded in social purpose.

A Pioneer Ahead of His Time

Long before the Kudumbashree movement made waves in Kerala, Paul Thomas had already introduced the idea of Self-Help Groups (SHGs) and joint liability models as powerful tools for transformation. Inspired by Nobel Laureate Prof. Muhammad Yunus and the Grameen Bank model in Bangladesh, he adapted it for Indian realities.

His earliest steps involved going door-to-door in remote villages, forming neighbourhood women’s groups, encouraging savings habits, and offering microloans for home-based businesses. It was hard work, but it worked.

ESAF became one of the earliest proponents of microfinance in India, and Paul Thomas, its unassuming evangelist.

K. Paul Thomas (Managing Director & CEO, ESAF Small Finance Bank)

A Bank Where Lives Matter

When ESAF Small Finance Bank received its banking licence in 2017, it made history as the first bank from Kerala to be licensed after independence. That moment was a culmination of years of persistent work under the sun and the shade—building trust, reaching the unreached, and nurturing a network of believers in inclusive growth.

Today, ESAF Bank stands tall not just in numbers, but in values. Unlike traditional banks, its focus has always been clear: financial inclusion, livelihood support, and community transformation.

Under Paul Thomas’s guidance, the organisation expanded its offerings beyond microloans. It set up leadership training programmes for women empowerment, training programmes for rural entrepreneurship, created market linkages for artisan products, and facilitated access to government schemes. This integrated model became a lifeline for thousands trying to escape the cycle of poverty, and it also helped sustain the ecosystem he created.

His leadership drew investors with a conscience—organisations like Opportunity International (Australia) and Oikocredit of the Netherlands—who backed his dream with dollars.

A Banker Who Serves

Ask anyone who knows him and they’ll vouch that Paul Thomas isn’t just a banker. He’s a servant leader. The term isn’t just a buzzword for him; it defines his ethos. His approach to governance is bottom-up, empowering those at the grassroots to shape their own destinies and escape the iron grip of poverty.

His belief? Leadership is not about being in charge. It’s about taking care of those in your charge. He lives this every day, not only in the policies ESAF adopts, but also in how he leads his teams with empathy, trust, and an unwavering sense of purpose.

Over the years, many prestigious laurels have come his way as signs of recognition for his visionary leadership and social impact. These include the Atal Pension Yojana Big Believers Award 3.0 for the Best Performing MD and CEO, the Circle of Excellence Exemplary Award of Par Excellence instituted by the PFRDA, and the Entrepreneur of the Year Award by TiE Kerala. He was conferred with the TMA Management Excellence Award and the Chamber of Commerce Award. He also received the Icon of Sustainability Award.

Furthermore, he was feted with the FE Pillar of the BFSI Industry Award at the Financial Express Modern BFSI Summit—an acknowledgement of his enduring influence in reshaping banking with purpose and integrity.

Paul Thomas was also recognised as the CEO with HR Orientation at the World HRD Congress in 2022.

Rooted in Values, Recognised Worldwide

As ESAF steadily expanded its presence across India, it remained firmly anchored to its founding principle—that banking should be just, fair, and inclusive. This unwavering belief found resonance far beyond national borders. Under the leadership of K. Paul Thomas, ESAF became the first Indian bank to join the Global Alliance for Banking on Values (GABV), a global network of institutions dedicated to ethical and sustainable banking practices.

But ESAF’s global alignment didn’t stop there. It also joined the World Fair Trade Organisation, strengthening its pledge to uphold social justice on an international scale.

Such dedication to purpose did not go unnoticed. ESAF Small Finance Bank was named a finalist at the prestigious European Microfinance Award not once, but twice—first in 2014 as a Non-Banking Financial Company (NBFC), and again in 2018 as a full-fledged bank.

These recognitions weren’t just about innovation; they were acknowledgments of real, measurable impact.

K. Paul Thomas (Managing Director & CEO, ESAF Small Finance Bank)

Organising the Unorganised

One of Paul Thomas’s most notable contributions has been his relentless focus on the unorganised sector. In a country where informal workers form the majority, yet remain invisible to formal institutions, he saw a gap—and an opportunity. Through ESAF, he brought these communities into the fold—not just as borrowers, but as stakeholders in development.

Skill training programmes were rolled out, and artisans were given branding and marketing support. His initiatives also lent a helping hand to farmers in accessing fair trade markets. And above all, individuals were given the dignity of being seen, heard, and supported. This holistic approach created not just financial inclusion but also social empowerment. He deserves applause for being a bridge builder between the unorganised sector and the formal economy, thereby empowering countless individuals and communities.

Wearing Many Hats With Elan

While ESAF is his flagship legacy, K. Paul Thomas wears many hats with panache. He formerly served as the President of the Thrissur Management Association, and the Chairman of CII Kerala Chapter. Currently, he is the Chairman of Sa-Dhan, a Self-Regulatory Organisation for community development finance institutions.

In each role, he continues to champion the cause of inclusive development—ensuring that financial systems evolve not just for profit, but for people and the planet. Although his academic background gave him the technical grounding, it was his values and vision that truly shaped his legacy.

Awards Are Great, Impact Is Better

Under Paul Thomas’s leadership, ESAF Small Finance Bank has not just grown—it has thrived on values. In 2018, the bank attained Scheduled Commerce Bank status. The institution has garnered numerous accolades that highlight its trailblazing efforts in the financial sector. Among its most notable recognitions is the prestigious title of Rising Brand of Asia 2021–2022 by BARC Asia, which acknowledged ESAF’s exceptional growth and visibility in the Asian market. The Leadership Capital and Makers of Excellence Award, instituted by the Pension Fund Regulatory and Development Authority (PFRDA), further validated the bank’s commitment to ethical governance and impactful leadership. Additionally, ESAF received an Honourable Mention at the Global SME Finance Awards 2021, organised by the International Finance Corporation, placing it among the most innovative and effective institutions supporting small and medium enterprises worldwide. Later in 2023, he steered ESAF Small Finance Bank to successfully launch its IPO, which was oversubscribed 77 times.

Yet, for Paul Thomas, such recognitions, while meaningful, are not the ultimate goal. He views them as encouraging affirmations rather than endpoints. His deepest sense of fulfilment stems not from trophies or titles, but from the real and lasting changes in the lives of those ESAF serves. For him, success lies in human stories—of resilience, dignity, and empowerment. He believes the true measure of success is transformation—not balance sheets.

K. Paul Thomas (Managing Director & CEO, ESAF Small Finance Bank)

A Story Still Being Written

At 62, with decades of impact behind him, K. Paul Thomas remains as committed and passionate as ever. He believes India’s next big revolution is not digital or industrial—but social.

“The marginalised must be brought to the mainstream,” he often says, “not through force or charity, but through dignity and opportunity.” In a world obsessed with unicorns and billion-dollar valuations, Paul Thomas stands as a gentle giant—building an empire of empathy, trust, and values.

His journey is a testament to what happens when business meets compassion, when banking becomes a vehicle for justice, and when a single individual chooses to walk the path less taken—with courage, clarity, and commitment.

A Name You Can Trust

Paul Thomas is more than the founder of a bank. He is the founder of a movement of trust. He believed in the poor when no one else did. He brought dignity to development. And he proved that the most sustainable business model is one rooted in humanity.

As India moves forward into a future of rapid change, leaders like him remind us of the timeless values that truly move the world—compassion, courage, and community.

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Bussiness featured News

Pegasus Global Private Limited, under the visionary leadership of Dr. Ajit Ravi, is set to host the sixth edition of the Manappuram Unique Times Business Conclave 2025 on May 26th at Le Meridien, Kochi. This year’s theme, “How to Create Value in Your Business,” will focus on building enterprises that go beyond profit-making to positively impact society and the economy. The conclave is expected to bring together some of the most prominent business leaders and entrepreneurs from across the country.

The distinguished panel of speakers includes V.P. Nandakumar, Managing Director and CEO of Manappuram Finance Ltd; Dr. Jolly Antony, Founder & CEO of Al Safina Travel, Vibe Munnar, Fog Resort Spa, and Zeus Resort; CA Sreejith Kuniyil, Founder of CAPITAIRE & PravasiTax Solutions Pvt Ltd; Dr. Fathima Nilufer Sheriff, CEO of Therefore I’m; Navas Meeran, Chairman of Group Meeran and CEO of Eastern Condiments Pvt Ltd; Sir Sohan Roy SK, Founder, Chairman, and CEO of Aries Group of Companies; and Muhammed Madani K, Founder and MD of ABC Group. The discussion will be moderated by CA Vivek Krishna Govind of Varma & Varma Chartered Accountants.

Attendance at the conclave is by invitation only and requires a valid entry pass. Those interested in being part of this high-impact business event are encouraged to contact 98460 50283 to request a pass. The conclave promises engaging conversations on purpose-driven entrepreneurship and the future of value-centric businesses.

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