Bombay Dyeing

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The Bombay Dyeing & Mfg. Co. Ltd
Type Public (BSE500020, NSEBOMDYEING)
Industry Textiles
Founded 1879
Bombay, Bombay Presidency, British India
Headquarters

Neville House, J.N. Heredia Marg, Ballard Estate, Mumbai-400 038,

India
Key people Nusli Wadia – Chairman, Ratan Tata
Products Bed linen, Towels, Furnishings
Revenue Increase INR16745.8 million (US$280 million) (2009–2010)
Website www.bombaydyeing.com

Bombay Dyeing (full name: The Bombay Dyeing & Mfg. Co. Ltd., established 1879) is the flagship company of the Wadia Group, engaged mainly into the business of Textiles. Bombay Dyeing is one of India's largest producers of textiles.[1]

Its current chairman is Nusli Wadia.[2] In March 2011, Jeh Wadia (36), the younger son of Nusli, has been named the managing director of Wadia Group's flagship, Bombay Dyeing & Manufacturing Company, while the elder son, Ness (38) has resigned from the post of joint MD of the company.[3] Ratan Tata, the ex-chairman of Tata group was on the board of directors till 2013. He resigned and Cyrus Mistry took over.[4]

Bombay Dyeing was often in the news, apart from other things, for various controversies surrounding its tussle with the late Dhirubhai Ambani of Reliance Industries Limited and with Calcutta based jute baron late Arun Bajoria.[5]

Lackadaisical management has ensured that the company, which was ranked 68 in the Business India Super 100 list in 1997 has steadily lost ground and by 2010 ranked 300 in the ET 500 list.

The company sponsors many events, including Bombay Dyeing Gladrags Mrs. India contest.

References[edit]

  1. ^ "Bombay Dyeing – Bombay Dyeing India – Bombay Dyeing Group Profile – History of Bombay Dyeing". Iloveindia.com. 21 July 2007. Retrieved 2010-09-03. 
  2. ^ "http://economictimes.indiatimes.com Wadias-raise-Bombay-Dyeing". Economictimes.indiatimes.com. 11 February 2010. Retrieved 2010-09-03. 
  3. ^ "Nusli springs Jeh elevation surprise". The Times of India. 
  4. ^ PTI (20 February 2013). "Ratan Tata steps down as Director of Bombay Dyeing, Cyrus Mistry steps in". Financial Express. Retrieved 20 February 2013. 
  5. ^ "Dhirubhai Ambani rewrote India's corporate history". rediff.com. 7 July 2002. Retrieved 2010-09-03. 

External links[edit]