Areez Pirojshaw Khambatta Biography| Cause of Death: The popular drink Rasna's founding chairman, Areez Pirojshaw Khambatta, died in Ahmedabad from a cardiac arrest, the company announced on Monday. On November 19, the industrialist, 85, who had endured a protracted illness, passed away.
Areez Pirojshaw Khambatta was born on 22 September 1937. He was 85 when he died.
He is survived by his wife Persis, his children Piruz, Delna, and Ruzan, as well as by his granddaughters Arzeen, Arzad, Avan, Areez, Firoza, and Arnavaz and his daughter-in-law Binaisha.
Areez grew his father Phiroja Khambatta's modest company, which he started decades ago and now operates in over 60 countries, into the biggest concentrate manufacturer in the world. In the 1970s, he developed inexpensive Rasna soft drink packs as a substitute for expensive soft drink goods. In the nation, 1.8 million retail establishments sell it. The "I love you Rasna" campaign from the brand's heyday in the 1980s and 1990s still has a strong recall for Rasna, which is currently the largest producer of gentle drinks in the world.
Areez Pirojshaw Khambatta’s net worth is INR 200-300 Crores (approx.).
Khambatta served as the chairman of the Rasna Foundation and the Areez Khambatta Benevolent Trust, which managed the organization's CSR initiatives. Additionally, he served as the vice president of the Federation of Parsi Zoroastrian Anjumans of India, the former chairman of the World Alliance of Parsi Irani Zarthostis, and the president of the Ahmedabad Parsi Panchayat. He received the Paschimi Star, Samarseva, and Sangram Medals, as well as the President of India's home guard and civil defence medal.