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Wadia Group

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Wadia Group
Company typePrivate
IndustryConglomerate
Founded1736; 288 years ago (1736)
FounderLovji Nusserwanjee Wadia
Headquarters,
Area served
Worldwide
Key people
Nusli Wadia
(Chairman)[1]
ProductsTextiles, aviation, chemicals, food processing, plantations, media & real estate
RevenueIncrease INR28,000 crores
Total equityIncrease INR51,400 crores
OwnerWadia family
SubsidiariesGo Air
Britannia Industries
Bombay Dyeing
Bombay Realty
Bombay Burmah Trading Corporation
National Peroxide
Wadia Techno-Engineering [2]
WebsiteOfficial Website

The Wadia Group is one of the oldest conglomerates of India. The group was founded by Parsi Lovji Nusserwanjee Wadia in 1736. Lovji Wadia secured contracts with the British East India Company to build ships and docks in Bombay in 1736.[3] 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 the United Kingdom is HMS Minden.

HMS Cornwallis

HMS Cornwallis was the ship on which the Treaty of Nanking, ceding Hong Kong to England, was signed.

HMS Trincomalee

The third oldest surviving ship of the world and the oldest surviving ship of Great Britain still afloat (HMS Victory, although 52 years older, has been in drydock for many years.), HMS Trincomalee is afloat and intact in The National Museum of the Royal Navy Hartlepool, England is yet another marvel of the Wadias' shipbuilding prowess.

Group company logos displayed on the nose of a GoAir plane
A GoAir aircraft at Bangalore International Airport, with pink colors.

Companies

The Wadia group consists of several companies, four of which are listed on Indian stock exchanges.

Apart from the listed companies, there are several other privately owned firms, including:

See also

References

  1. ^ "India Wadia Group says in Britannia long term-paper". Reuters. 4 July 2007. Retrieved 30 September 2010.
  2. ^ http://www.wadiaengg.com/
  3. ^ Mihir Bose (2006). Bollywood: a history. Tempus. ISBN 978-0-7524-2835-2.