Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Ramachandran Ottapathu
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in just six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Botswana retail tycoon Ramachandran Ottapathu’s Choppies sells Zimbabwe unit to local retailer
Botswana’s Choppies exits Zimbabwe, selling its 30-store retail business to Sai Mart as it refocuses on profitable markets amid economic challenges.
Choppies enters talks to exit Zimbabwe operations
The potential deal seeks to streamline Choppies' operations and focus on profitable markets amid Zimbabwe's challenging retail sector.
Botswana tycoon Ramachandran Ottapathu leads Choppies to $12.5-million profit
Choppies' profit for the period reached BWP164 million ($12.5 million), up from BWP150 million ($11.4 million) in the previous fiscal year.
Botswana tycoon Farouk Ismail’s Choppies to pay first dividends since 2017
The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
15 richest people on the Botswana Stock Exchange
Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
One of Botswana’s richest men, Ramachandran Ottapathu, loses $2.3 million
As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
5 companies owned by Botswana businessman Ramachandran Ottapathu
Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
Botswana tycoon Ottapathu faces $6.7-million loss from Choppies investment
Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
Botswana tycoon Ramachandran Ottapathu challenges Choppies Supermarket’s Zimbabwe eviction
Choppies operates as a key player in the food and general merchandise retail sectors under the leadership of Ottapathu.
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
Retail tycoon Ramachandran Ottapathu’s Choppies lays off 826 workers in Botswana in 2022
Choppies Enterprises is Botswana’s largest retail chain.
Botswana tycoon Ramachandran Ottapathu’s Choppies posts $11 million in profit as earnings soar
Choppies Enterprises was established in 1986 by Ottapathu and Farouk Ismail.
Botswana retail tycoon Ramachandran Ottapathu loses over $4.4 million since start of 2022
Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
Botswana tycoon Ramachandran Ottapathu loses $4.1 million from stake in Choppies Enterprises
The $4.12-million decrease in his stake pushed the value of his holding well below the $20-million mark in recent times.