Latest news with #NessWadia
India.com
2 days ago
- Business
- India.com
Preity Zinta does not even own 25 per cent of PBKS, long list of owners of IPL 2025 finalist, they are...
Preity Zinta co-owned Punjab Kings ended up as IPL 2025 runners-up losing final to RCB by six runs last week. Image credit: X (Formerly Twitter) Bollywood star Preity Zinta owns 23 per cent share of PBKS, according to media reports. Image credit: X (Formerly Twitter) Preity Zinta had invested Rs 35 crore for her 23 per cent share in PBKS when the franchise was bought from BCCI back in 2008. Businessman Ness Wadia also owns 23 per cent share in PBKS, according to media reports. Businessman Mohit Burman owns biggest share in PBKS, which is 46 per cent, according to media reports. Image credit: X (Formerly Twitter) Karan Paul owns 8 per cent share in PBKS. He is chairman of Apeejay Surendra Group. Image credit: X (Formerly Twitter) Preity Zinta also co-owns St Lucia Kings in Caribbean Premier League (CPL) along with Mohit Burman, Ness Wadia and Karan Paul. St Lucia Kings won the CPL 2024 title.
India.com
25-05-2025
- Entertainment
- India.com
Meet Muhammad Ali Jinnah's great-grandson, lives in India, heir to multi billion dollar company, his name is…, net worth is...
Meet Muhammad Ali Jinnah's great-grandson, lives in India, heir to multi billion dollar company, his name is…, net worth is… Ness Wadia is a very prominent name in the business world. He is the elder son of Nusli Wadia and Maureen Wadia, which makes him the heir of the 283-year-old company Wadia Group. He is the managing director of Bombay Burmah Trading Corporation and co-owner of the Indian Premier League cricket team – the Punjab Kings. Let's know about him. Who is Ness Wadia? Born to Nusli Wadia and Maureen Wadia, he belongs to a Parsi family in Mumbai. After completing his in Engineering Management from the University of Warwick, he joined Bombay Dyeing in the year 2001. He is serving as the Director on Boards of various Wadia Group companies, like – GoAir, Britania, Wadia Techno Engineering Services and Bombay Dyeing. The Controversy Wadia made headlines after Bollywood actress Preity Zinta lodged an FIR against co-directors Mohit Burman and Ness Wadia in a Chandigarh court. She questioned the legality of an Extraordinary General Meeting that took place in April 2025. She said she had raised objections to the meeting, but her concerns were overlooked. Great-Grandson Of Muhammad Ali Jinnah Very less people know that Ness shares a close connection with Pakistan's founding father – Muhammad Ali Jinnah. He is the great-grandson of Jinnah. He is the son of Nusli Wadia, and former air hostess and Editor of Gladrags Maureen Wadia. His grandparents were Neville Wadia and Dina Wadia. Affair With Preity Zinta Rumours about Preity Zinta and Ness Wadia's relationship began surfacing in the early 2000s, and by 2005, Preity confirmed they were together. The two were frequently seen attending events, cricket matches, and even the wedding of Abhishek Bach 'We don't hide our relationship from the media. We go for parties together, we go to have coffee in Barista, we go for pizzas together… But I don't talk about him or talk about how I feel. What do I say? Those are feelings I cherish,' Zinta said. The Bollywood actress lodged molestation charges on Wadia. Preity and Ness broke their relationship in 2009 after the businessman had allegedly slapped her at a party. In 2014, Zinta accused Wadia of physical molestation. 'For some time we have ended our relationship. Although we are the co-owners of our team 'Kings XI Punjab', but we are no longer in a relationship and only talk for professional reasons and work. During that time he tried to abuse me and used extremely derogatory language and tried to behave in a manner where I was put to shame in front of my colleagues, friends and family,' Preity Zinta's complaint read. Ness Wadia filed a counter case against Preity Zinta, and the two were involved in a legal battle for some time. However, in 2018 Ness apologised to Preity, leading her to withdraw the case.
Indian Express
23-05-2025
- Business
- Indian Express
Preity Zinta moves Chandigarh court against Punjab Kings co-owners Mohit Burman, Ness Wadia
Punjab Kings (PBKS) IPL franchise co-owner and Bollywood actress Preity Zinta has approached the Chandigarh district court seeking to declare as illegal and invalid the Extraordinary General Meeting (EGM) of KPH Dream Cricket Private Limited – which owns the PBKS team – held on April 21, 2025. Zinta, who is one of the directors of KPH Dream Cricket Private Limited and holds a 23 per cent stake in the company, filed a civil suit alleging that the EGM was convened and conducted in violation of the Companies Act, 2013, and secretarial standards. The court has issued notices to the respondents—KPH Dream Cricket Private Limited and co-directors Mohit Burman and Ness Wadia. The matter is scheduled for hearing on May 27, where arguments on an interim injunction will be presented. Represented by advocate Sangram Singh Saron, Zinta claims that the EGM was conducted unlawfully by Burman, with the support of Wadia, despite her objections raised via email on April 10. She alleges that the meeting was held without adhering to proper procedures, especially regarding the election of the chairperson. According to Zinta's petition, when the meeting commenced, she and fellow director Karan Paul objected to the appointment of Ness Wadia as chairperson, citing Principle 5.1 of Secretarial Standards, which requires directors to elect a chairperson among themselves if none is pre-designated. Zinta and Paul suggested appointing either of them, leading to a split vote among the four attending directors. Despite the deadlock, Burman and Wadia proceeded with the meeting and allegedly appointed Muneesh Khanna as an additional non-executive director, which Zinta claims is a breach of the company's Articles of Association as well as corporate governance norms. Zinta has urged the court to prevent the company and the other directors from acting on any resolutions passed during the contested EGM. She also seeks an injunction restraining Khanna from acting as a director and wants a halt on any further board or general meetings without the participation of both her and Paul until the civil suit is pending before the Chandigarh court.
India.com
12-05-2025
- Business
- India.com
Meet man, the grandson of Jinnah who had a fierce rivalry with Tata and Ambani, leads business empire of Rs 478370000000, owns companies like…
New Delhi: The chairman of the Wadia Group, Nusli Wadia, is a billionaire Indian businessman. His company operates in various industries such as textiles, aviation, chemicals, and real estate. Nusli Wadia expanded the Wadia Group and established several new companies, including Bombay Dyeing. He was also actively involved in GoAir airline. He has also contributed to the fields of education and healthcare through philanthropy. However, he faced controversies, including rivalries with the Ambani family and legal disputes with the Tata Group. The Wadia family holds an important place among the Parsi community. His mother, Dina Wadia, came from a Gujarati Muslim family. Nusli Wadia's maternal grandfather was Muhammad Ali Jinnah, the founder of Pakistan. His maternal grandmother, Rattanbai Petit, belonged to one of India's wealthy Parsi families. Nusli Wadia's paternal grandfather, Sir Ness Wadia, was a well-known textile industrialist who played a key role in making Bombay one of the world's largest cotton trading centers at the end of the 19th century. His paternal grandmother was an Englishwoman named Evelyne Clara Powell from Yorkshire. His grandaunt (mother's aunt) Fatima Jinnah was a politician. Thus, Nusli Wadia's family has connections to many prominent figures in politics and business. In this article, we will delve into the journey of his success. All you need to know about Nusli Wadia Nusli Wadia was born on February 15, 1944, in Bombay (now Mumbai). Nusli Wadia is a billionaire Indian businessman. He is the chairman of the Wadia Group, which operates in various industries such as textiles, aviation, chemicals, and real estate. Nusli Wadia's father, Neville Wadia, was a well-known businessman, and his mother, Dina Wadia, was the daughter of Muhammad Ali Jinnah, the founder of Pakistan. The Wadia family has played a significant role in Indian business for several generations. Nusli Wadia expanded the Wadia Group and established several new companies, including Bombay Dyeing. He was also actively involved in GoAir airline. He has also contributed to the fields of education and healthcare through philanthropy. His wife's name is Maureen Wadia. They have two sons – Ness Wadia and Jeh Wadia. Nusli Wadia acquired an 11 percent stake in the company with the help of well-wishers such as his mother, sister, friends, and J.R.D. Tata. He also persuaded employees to invest their savings and buy shares in order to prevent the company from being sold. Nusli then went to London, where his father was negotiating a deal, and convinced him not to sell the company or move abroad. In 1977, Nusli Wadia became the chairman of the company after his father. Nusli Wadia is married to Maureen Wadia, who was formerly an air hostess. Maureen Wadia is the head of Gladrags magazine and one of the organizers of the Mrs. India beauty pageant. They have two sons: Ness Wadia and Jehangir Wadia. Nusli Wadia's son Ness Wadia is also quite well known. He is recognized in both the sports and business worlds. Ness Wadia is the co-owner of the IPL team Kings XI Punjab, which is now known as Punjab Kings. Nusli Wadia's real-time net worth is $5.6 billion (approximately Rs 47,837 crore).
