Mirza Ahmad Ispahani

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Mirza Ahmad Ispahani
Mirza Ahmad Ispahani.jpg
Born1898
Died1986 (aged 87–88)
NationalityBangladeshi
Known forOwner of Ispahani Group
ChildrenMirza Mehdy Ispahani
RelativesMirza Abol Hassan Ispahani (brother)
Mirza Mehdy Ispahani (son)
Mirza Ali Behrouze Ispahani (grandson)
Farahnaz Ispahani (grand-niece)
See Ispahani family

Mirza Ahmad Ispahani (1898–1986) was a Perso-Bengali businessman based in Chittagong and the patriarch of the Ispahani family. He was the founder of Orient Airways and the first chairman of Pakistan International Airlines (PIA). He was the chairman of Ispahani Group.[1]

Early life[edit]

Mirza Ahmad Ispahani, eldest son of Mirza Mohammed Ispahani,[2] was born in Rangoon, Burma in 1898. He went to school in Madras, India and after matriculation at age 20 he joined his father's business in Calcutta, India.[3]

Business[edit]

A short time after joining the business, Ispahani was made a junior partner. When his father died in May 1925, he became the senior partner of the firm along with two other partners, his brothers, Mirza Abol Hassan Ispahani and Mirza Mahmood Ispahani. In 1934, M. M. Ispahani and partnership was converted to a limited liability company in Kolkata.[2][4] Orient Airways was founded by Mirza Ahmad Ispahani and Adamjee Haji Dawood on 23 October 1946.[5] In 1947 the company was moved to Chittagong, East Pakistan.[2][4] In 1965 he founded the Ispahani Islamia Eye Institute and Hospital in Dhaka.[6] On 11 March 1955 Orient Airways was merged with a proposed airline of the Pakistan Government and turned into Pakistan International Airlines Corporation, the national airline of Pakistan.[5] The company expanded into multi-dimensional business activities including jute, tea, textiles, engineering, shipping, matches and plywood.[2] He was the first exporter of tea from Bangladesh.[7] After the Bangladesh Liberation War, his properties were nationalized under the Enemy Property Act. Ahmad Ispahani personally went to meet Sheikh Mujibur Rahman and requested that his properties be denationalized. Mujib had the law specially changed for Ahmad Ispahani and handed all his properties back to him. When Ziaur Rahman became the president, he requested that Ahmad Ispahani become the chairman of Biman, because of his expertise in the aviation industry. However, he politely turned down the offer.[7]

Legacy[edit]

In 1960, Mirza Ahmad established the Ispahani Islamia Eye Institute and Hospital, which is still the largest multispecialty eye hospital in Bangladesh. He also established the Ispahani Public School & College, Cumilla in 1962 and Ispahani Public School & College in 1979. His only son Sadri Ispahani established the Mirza Ahmed Ispahani High School in 1987.[8] His grandsons Behrouze Ispahani, Sajid Ispahani, Salman Ispahani and Shakir Ispahani continue to be involved in the business today, which remains one of the most respected conglomerates in Bangladesh.

See also[edit]

References[edit]

  1. ^ Khasru, Syed Munir (2017-02-06). "A legacy worth remembering". The Daily Star (Opinion). Retrieved 2018-02-26.
  2. ^ a b c d "Tributes to a business icon". The Daily Star. 2017-01-24. Retrieved 2018-02-26.
  3. ^ Karnowski, Wolfram W. (2001). The EFU saga the making of an institution within the context of the creation of Pakistan. Karachi: M. Yunus, D & Y Printers. OCLC 47623996.
  4. ^ a b "Ispahani Group boss Mirza Ali Behrouze Ispahani passes away". bdnews24.com. 2017-01-23. Retrieved 2018-02-26.
  5. ^ a b Mushtaq, Tariq (2017-02-01). "PIA - The Unfortunate". Daily Times. Retrieved 2018-02-26.
  6. ^ Greenhalgh, Hugo (2017-05-04). "Why the 200-year-old Ispahani Group is writing its own constitution". Financial Times. Retrieved 2018-02-26.
  7. ^ a b Rob, GMF Abdur (22 March 2007). "Remembering MA Ispahani". The Daily Star. Retrieved 2018-02-26.
  8. ^ "Six Ctg educational institutions shut for overcharging". The Daily Star. 2017-04-11. Retrieved 2018-02-26.