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2500 crore (USD 500 mn) Nirma group with major interests in detergents, soaps and cosmetics. In 2005 Forbes listed his net worth as USD $640 million. He has interests in education, and founded a leading pharmacy college (Nirma Institute of Pharmacy), leading engineering college, (Nirma Institute of Technology). He is sometimes referred to as K. K. Patel.
In 2001, Karsanbhai was awarded an honorary doctorate by Florida Atlantic University, recognizing his exceptional entrepreneurial and philanthropic accomplishments. In 1990, the Federation of Association of Small Scale Industries of India (FASII), New Delhi, awarded him the 'Udyog Ratna' award. The Gujarat Chamber of Commerce felicitated him as an 'Outstanding Industrialist of the Eighties'. He has served twice as Chairman of the Development Council for Oils, Soaps and Detergents. Patel has been conferred with Padma Shri Award for the year 2010.The award will be formally conferred by the President of India Mrs Pratibha Patil. It was also announced on June 7th, 2013 that he bought 40 crores six-seater chopper. After Adani Group chairman Gautam Adani and Zydus group promoter Pankaj Patel, Karshanbhai is the third Ahmadabadbased industrialist to buy a chopper.