Philanthropist, Visionary Entrepreneur, A K Group Founder M Ahmed passes away

coastaldigest.com news network
October 8, 2024

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Mangaluru, Oct 8: The city of Mangaluru mourns the loss of M Ahmed, a pioneering businessman, philanthropist, and the Founder Chairman of the AK Group. He passed away on Tuesday morning at the age of 76, leaving behind a legacy that spans decades of service, innovation, and community building.

M Ahmed, also fondly known as A K Ahmed, was a man of humble beginnings who grew into one of the most respected entrepreneurs in South India. He founded the AK Group in 1984, which has since flourished into a multi-faceted business empire. The company, which began as a small frame manufacturing unit, now encompasses a wide range of industries, including plywood, formaldehyde, particle boards, fire-rated products, and more. AK Group's growth extended beyond India, with manufacturing units established in Myanmar and Vietnam.

What began with 18 employees in 1984 has today expanded to provide employment to approximately 3,000 people in India and 400 abroad. M Ahmed’s dedication and vision were instrumental in transforming the company into a market leader, recognized for its high-quality products and innovation. AK Plywood is now one of India’s top plywood manufacturers, and the largest in South India. The company was Karnataka’s first plywood manufacturer to receive ISO certification and has garnered prestigious awards, including the Rising Stars Power Brands Award in London (2017) and the Best Manufacturer Award from MSME Karnataka (2018).

Ahmed’s business success was deeply rooted in values instilled in him during his early years. He worked alongside his father, the late Abdul Khader Moopa, loading sawn timber, and it was from these humble beginnings that he developed his work ethic, pioneering spirit, and respect for time—values that remained the cornerstone of his remarkable career.

His foresight was evident when he recognized the potential of timber from Perumbavoor, Kerala, for plywood and blockboards at a time when it was merely being used as firewood. This strategic move led to the establishment of one of the first frame manufacturing and peeling units there, and soon after, Ahmed launched his own company in Mangaluru, swiftly earning national and international recognition.

Beyond plywood, the AK Group has diversified into multiple industries, including marine food, pharmaceuticals, construction materials, hypermarkets in India and the UAE, and food industries in Indonesia. Under Ahmed’s leadership, the company’s reach expanded, ensuring its position as a formidable player in various sectors.

Ahmed was not only an extraordinary businessman but also a deeply compassionate individual, dedicated to social and religious causes. He served as the founding president of the managing committee of Ihsan Masjid in Mangaluru and established the Highland Educational and Cultural Centre. His philanthropic efforts were as vast as his business ventures, benefiting countless communities both in India and abroad.

His kindness, simplicity, and punctuality were hallmarks of his character. Those who knew him admired his unyielding commitment to excellence, as well as his warmth and generosity. M Ahmed is survived by his wife, three daughters, and four sons, who continue his legacy of philanthropy and social service.

As news of his passing spread, tributes poured in from all sectors of society. Social, religious, and political leaders in Mangaluru expressed their deep sorrow over the loss of a man who dedicated his life to improving the lives of others.

M Ahmed’s journey from humble beginnings to massive success will continue to inspire generations. His life serves as a testament to the power of vision, perseverance, and, above all, integrity.

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coastaldigest.com news network
April 8,2025

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Mangaluru: Meet Deepashree S, the state topper in the Commerce stream of the PU 2 exams, scoring an astonishing 599 out of 600. A student of Canara PU College, Deepashree had an inkling of success but admits the first rank was beyond her wildest dreams.

“All our doubts were cleared in the classroom itself,” she said, praising her lecturers. “Their concept-based teaching helped me understand everything thoroughly. I also made it a habit to revise daily.”

Planning her future early, Deepashree is already taking CA coaching and is all set to appear for the CA Foundation exam in May. Her next step? An integrated BCom with CA.

Daughter of Ashok S and Suma P, Deepashree is also a Carnatic classical singer, and attributes her sharp concentration to her love for music.

“Hard work matters, but yes, luck plays a part too,” she added with a wise smile — proving that success is a fine mix of talent, effort, and grace.

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News Network
April 7,2025

Mangaluru, Apr 7: A price storm is brewing in Mangaluru’s hotel and restaurant industry. Faced with skyrocketing raw material costs and mounting overheads, hoteliers are preparing to hike food prices by up to 10% within a month — a move that could hit the pockets of thousands of diners across Dakshina Kannada.

From milk and oil to LPG and staples like rice and toor dal, prices have surged, pushing both vegetarian and non-vegetarian establishments to the brink. Over 65% of hotels operate in rented spaces, and labour shortages are adding fuel to the fire.

Swarna Sunder of Dinki Dine says running a hotel without burdening customers is becoming near-impossible. “Costs are rising daily. We’re trying to strike a balance, but a hike is inevitable,” he said, calling Mangaluru a highly price-sensitive market.

Industry leaders, including the Dakshina Kannada Hotel Owners Association, are expected to meet soon to formalize the revision.

Meanwhile, hoteliers blame "unhealthy competition" for further disrupting the sector. “Some serve unlimited fish meals under ₹60 — it’s unsustainable and unfair,” said a hotelier, adding that such practices are forcing smaller eateries to shut shop.

Chandrahas Shetty, president of the district association, confirmed that rising input costs have left them with little choice but to revise menus.

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News Network
April 10,2025

Mangaluru: A seemingly harmless YouTube advertisement has cost a Mangaluru man his life savings, after he fell victim to an elaborate investment scam and lost a staggering ₹55 lakh.

According to the police complaint, the victim was lured in by a man named Shardul Jani, who claimed that a trading app called Abans Pro would deliver high returns. On February 11, the man made an initial investment of ₹15,000. A trading account was created for him, which soon began displaying encouraging profits.

Buoyed by these promising numbers and under constant persuasion from the accused, the man was convinced to invest more. Reassured that the money could be withdrawn at any time, he not only continued investing himself but also involved his relatives, who collectively transferred ₹39 lakh into his account for further investments.

Between February 11 and March 27, the victim transferred a total of ₹55 lakh to multiple bank accounts provided by the accused. But when he finally attempted to withdraw the funds, nothing came back. The profits were a mirage—his money had vanished.

Realising he had been conned, the man approached the Bajpe police, who have registered a case and begun an investigation into the fraudulent scheme.

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