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The story of Babu Valavi, began associating with Mewar Oil and General Mills as its sole distributor (a clearing & forwarding agent) for almost a decade in the late 1970s and early 1980s. that time Mr. Babu Valavi along with his four other close relatives bought 3,500 shares constituting about 2.8% of Mewar Oil and General Mills Ltd -- then an unlisted Udaipur-based company -- in April 1978. Years have gone by, 43 to be precise. Over that period, the company got itself listed on stock exchanges, changed its name to PI Industries, and is doing pretty well with a market cap of over Rs 50000 crore currently. As on Monday, the share price was quoted at Rs 3,410 apiece. And going by the original 2.8% stake, the Valavi family should now be owning around 42.48 lakh shares. At the current valuation, those shares are worth an eye-popping Rs 1,448.5 crore.