Yashraj Rana Profile picture
May 28 7 tweets 4 min read
Patel Brothers are the oldest & largest Indian grocery chain in the USA. Image
Founded in 1974, by 2 brothers - Mafat & Tulsi Patel, Patel Brothers is now valued at $140 Million (Rs 1090 Crores) Image
Mafat, Tulsi & Aruna Patel were born & raised in Mehsana, Gujarat. Mafat Travelled to the US in 1968 to pursue MBA from Indiana University and eventually settled in Chicago to work as an engineer.

#patelbros #indiana #business #startup Image
Mafat's brother & his wife later came to USA in 1971. Mafat realized that Indian grocery was extremely expensive and scarce in Chicago and was motivated to open his own store.

#grocerychain #superstore Image
In 1974, Mafat opened his first store in Chicago with the help of Tulsi & Aruna. They gradually extended to other major Indian-concentrated cities like Detroit, New York City, Houston, and Atlanta. Image
As of 2022, Patel Brothers have 57 superstores across America.
Recently they opened their biggest Store in Niles, where the Mayor Andrew Przybylo had come for the opening

[In pic, Mafat Patel in Shades] Image
"We will never forget that there were days when the cash register never opened," Aruna Patel said in an interview.

With their persistence, The Patel family now owns the biggest Indian grocery chain in the US, with 57 superstores & market valuation of $140 Mn ( Rs 1090 Crores)

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More from @yashraj_rana

May 29
#DidYouKnow 42% of the Hotels & Motels of the USA are owned by Patels!

The market cap of this 42% is ~$40 Bn (3 lakh Crores)

The history of Patel Motel goes back to the 1940s when the British were dwindling & the US was immigrant-friendly. Image
Kanji Manchhu Desai was the first Gujarati hotelier in the US. He moved from the West Indies by the way of Mexico to San Francisco in the early 1920s.

In the early 1940s, Kanji was living in a residential motel called Goldfield which was run by a Japanese-American. Image
When the President FDR's executive orders came and forced 100,000 Japanese-American into camps due to World War 2, Kanji decided to lease from the Japanese-American owner for a couple of 100 dollars. Image
Read 11 tweets
May 28
Despite a 5% decline in China's luxury car industry, Audi alone sold over 7+ lakh cars in 2021.

Despite doubling sales in India, Audi only sold 3293 cars in 2021.

We have a long way to go.
And this is the reason why we will never see Tesla anytime soon in India
Even if we combine the sales of Audi + BMW + Mercedes + JLR and other luxury cars in India in 2021, it would still stand at 25-26K for the year.

China's Audi alone sells ~55k cars in a MONTH!

Our sales numbers are not even close to what China is selling in a month!
As our income grows, sales would only shoot up and there's a huge opportunity there for luxury cars. And more the sales, more will be the manufacturing hubs in India and not just the assembly.
Read 4 tweets
Mar 19
Adani Wilmar is 1 stock which I'm accumulating for the long term

AWL is Market Leader in 3 categories

Category Market Share(Rank)

Soybean 28% (1st)
Mustard 10% (1st)
Palm 11% (2nd)
Overall Edibles 18.3% (1st)
AWL Revenue Breakup:

Category Revenue (Cr) Contribution

Edible Oil 30.5K Cr 82%
Castor Oil 4.7K Cr 13%
Packaged 1.9K Cr 8%
AWL is also Market Leader in Branded Wheat & Rice Markets, holding 2nd and 3rd ranking respectively
Read 7 tweets

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