Post-independence
In 1952, he started Atul Limited (literally, 'beyond compare') which is located in the Atul township in Gujarat. Atul Limited was India’s first modern dyestuff manufacturer, in collaboration with American Cyanamid. It was inaugurated by India’s first prime minister, Jawaharlal Nehru. With time, Kasturbhai started handing over the operations of his businesses to his family. He devoted more time to public activities. He was awarded the Padma Bhushan, India’s third highest civilian honour in 1968 by the Government of India. He retired from business in 1977 and died in 1980 in Ahmedabad.
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