Wadia Group

Wadia Group
Industry Conglomerate
Founded 1736
Founder Lovji Nusserwanjee Wadia
Headquarters Mumbai, Maharashtra, India
Key people
 Nusli Wadia, Chairman [1]
Subsidiaries Go Air, Britannia Industries, Bombay Dyeing & National Peroxide
Website Official Website

The Wadia Group is one of the oldest conglomerates of corporate India.[2] The group worth ₹100 billion (US$1.5 billion) in 2012, [3] was founded by Sir Lovji Nusserwanjee Wadia in 1736. Lovji Wadia secured contracts with the British East India Company to build ships and docks in Bombay in 1736.[4] This, and subsequent efforts, would result in Bombay becoming a strategic port for the British colonial undertakings in Asia. The Bombay dry-dock, the first dry-dock in Asia, was built by Lovji and his brother Sorabji in 1750.

HMS Minden

The one ship that the Wadias built and of most historic significance for Parsis is the HMS Minden. The Bombay Courier, June 23, 1810 wrote:

“On Tuesday last His Majesty’s Ship, the Minden built in the new docks (Bombay) by Jamsetji Bomanji Wadia was floated into the stream at high water, after the usual ceremony of breaking the bottle had been performed by the Honorable Governor Jonathan Duncan. In having produced the Minden, Bombay is entitled to the distinguished praise of providing the first and only British ship of the line built out of the limits of the Mother Country; and in the opinion of very competent judges, the Minden, for beauty of construction and strength of frame, may stand in competition with any man-o-war that has come out of the most celebrated Dockyards of Great Britain. For the skill of its architects, for the superiority of its timber, and for the excellence of its docks, Bombay may now claim a distinguished place among naval arsenals”.

Later, the lyrics of "The Star-Spangled Banner" were written on board the Minden.

Recent management

Sir Neville was married to Dina, the only daughter of Muhammad Ali Jinnah, the founder of Pakistan. Jinnah and his wife Rattanbai Petit - Ruttee had separated soon after their daughter, Dina Wadia was born. Nusli Wadia is Neville & Dina Wadia's son and he is currently heading the group.

Companies

Group company logos displayed on the nose of a GoAir plane

The Wadia group now consists of three independently listed companies on the Bombay Stock Exchange (BSE). These include:

A GoAir aircraft at Bangalore International Airport, with pink colors.

The Wadia Group also edits the fashion magazine Gladrags and conducts the annual Gladrags Megamodel hunt in Mumbai.[6]

References

  1. ↑ "India Wadia Group says in Britannia long term-paper". Reuters. 2007-07-04. Retrieved 2010-09-30.
  2. ↑ Apr 2, 2008, 12.20pm IST (2008-04-02). "Preity Zinta, Ness Wadia, Karan Paul, Mohit Burman - The Times of India". Timesofindia.indiatimes.com. Retrieved 2010-09-30.
  3. ↑ "How I missed the bus: Nusli Wadia". Rediff.com Business. November 5, 2012. Retrieved 2014-09-18.
  4. ↑ Mihir Bose (2006). Bollywood: a history. Tempus. ISBN 978-0-7524-2835-2.
  5. ↑ Bombay Realty. "About Us". Retrieved 25 June 2012.
  6. ↑ "Nusli Wadia Group Is On The Move". Financialexpress.com. 2003-09-13. Retrieved 2010-09-30.

See also

External links

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