Dr. Jaykrishna D Pathak is one of the most renowned names in the Indian Yarn industry. Having a glorious business career spanning over 4 decades, he is respected not only as a reputed entrepreneur in the yarn industry but also as one of the prime proponents for making yarn trading a safe practice and ensuring the safety of all the traders and businesses involved in this industry.
At the very beginning of his career, he left the comforts of his family set up and forayed into the business from scratch without the financial backing of family or the guidance of the seniors. With a humble start full of trials and tribulations, he managed to make a mark in the local yarn market as a trader of polyester yarns garnering great credibility and trust. This led to him holding the monopoly for the Yarn trade of one of the biggest manufacturers of polyester yarns, Indorama Synthetics, for Mumbai for 17 years.
With passing time, he was associated with all top manufacturers. Clocking very high volumes, Dr. Pathak leveraged his aggressive marketing, a flair for understanding the trends, and credible working methods to lead him to become one of the most bankable traders in the industry. He further has developed as one of the premier suppliers for polyester staple fiber a raw material to spin yarns and also runs spinning mills on job-work in Silvassa and Coimbatore. He also has delved into the exports of yarns. Exporting to over 15 countries across the world.
In 2005, he was elected as the President of the Bombay Yarn Merchants’ Association and Exchange Ltd. – the governing association to oversee the yarn trade in Mumbai, Maharashtra. Over the next 17 years, he has been consecutively elected as the President the yarn association unopposed. Under his leadership, the association has gained tremendous recognition. His vision was always to make the yarn industry a safer and more conducive place for all that partake in the trading activities. One of the biggest strides on that front has been that Dr. Pathak is responsible to oversee arbitration proceedings for trade disputes thereby making the business activities of members a safer practice. He is also currently the Senior Vice President of the Federation of Associations of Maharashtra (FAM) which is the apex body of all trading associations for the state of Maharashtra. He is also an advisory committee member for Kalupur Commercial Bank. For all his services to the business community, he has been conferred with an honorary doctorate.
He has subsequently forayed into the real estate sector as well and developed and runs a shopping complex, luxury villas, and multiple shooting studios. On the social front, he has given a lot back to society as well. He has a charitable trust running under his mother’s name, where the patients can avail of services from expert doctors in allopathy, homeopathy and ayurvedic treatments at a very nominal price. He also is an integral contributor to a dialysis center that does dialysis for just Rs.1 for the financially challenged. He is also running a weekly food distribution program.
He has two sons, Mr. Punit Pathak, who is a well-known celebrity in the Indian Film Industry. An Actor, Choreographer, and Director, he’s been featured in many blockbuster movies and has been seen as a judge on many famous dance reality shows, and is a director for many shows and famous music videos.
The younger son, Mr. Nishit J Pathak has joined Dr. Jaykrishna Pathak and looks into the international trade business and ongoing real estate development sites. He also takes care of the investment wing and is an angel investor investing in early-stage start-ups.