Wadia Group
 | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1736 |
| Founder | Lovji Nusserwanjee Wadia |
| Headquarters | , |
Area served | Worldwide |
Key people | Nusli Wadia (Chairman)[1] |
| Products | Textiles, aviation, chemicals, food processing, plantations, media & real estate |
| Revenue |  INR28,000 crores |
| Total equity | INR51,400 crores |
| Owner | Wadia family |
| Subsidiaries | Go Air Britannia Industries Bombay Dyeing Bombay Realty Bombay Burmah Trading Corporation National Peroxide Wadia Techno-Engineering [2] |
| Website | Official 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.
Companies
The Wadia group consists of several companies, four of which are listed on Indian stock exchanges.
- Bombay Dyeing - Established in 1879.
- Bombay Burmah Trading Corporation - Established in 1863.
- Britannia Industries - Established in 1918.
- National Peroxide Limited - Established in 1999.
Apart from the listed companies, there are several other privately owned firms, including:
- Gladrags - a fashion magazine which is the particular interest of Maureen Wadia, a former air hostess. Established in 1959.
- Wadia Techno-Engineering Services Limited (WTESL) - Established in 1960.
- Go Air - Established in 2005.
- Kings XI Punjab - a cricket team, one of the eight franchisees playing in the Indian Premier League. Established in 2008.
- Bombay Realty - Established in 2011.
See also
References
- ^ "India Wadia Group says in Britannia long term-paper". Reuters. 4 July 2007. Retrieved 30 September 2010.
- ^ http://www.wadiaengg.com/
- ^ Mihir Bose (2006). Bollywood: a history. Tempus. ISBN 978-0-7524-2835-2.