Padma Shri Babubhai Rathi is remembered for his role in industrial development. His contributions, along with those of other visionaries, have earned a place on Maharashtra's industrial map. Rathi's foresight and broad vision for development were key in transforming the area from a focus on spirituality to one that includes technology and industry.

Industrial association office-bearers paid tributes to Rathi, recalling his crucial role in this transformation. A memorial programme was organised in his memory by various industrial organisations.

Further details about the memorial programme and Rathi's contributions are available from the source.