Latest news with #NusliWadia
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).
India.com
26-04-2025
- Business
- India.com
Mukesh Ambani and Nita Ambani's son Anant Ambani races ahead of Isha Ambani, Akash Ambani to become..., will hold position till...
Mukesh Ambani and Nita Ambani's son Anant Ambani races ahead of Isha Ambani, Akash Ambani to become..., will hold position till... Success Story: India is home to some of the most powerful business groups in the world such as Tatas, Birlas, Reliance, Adanis etc. These business groups not only dominate the India market but also have an impact in the world markets. This success story is about the Wadia Group which stands out among all the big names as the oldest business group in India. Wadia Group, established in 1736, maintained its name and running its operations successfully for 288 years. let's know more about the oldest company of India. The Wadia Group The group not only restricted itself to one sector but diversified itself to various sector such as textiles, aviation, and food. Famous companies under the Wadia Group include Britannia Industries and Bombay Dyeing. Founder of Wadia Group Lovji Nusserwanji Wadia, a Surat native, secured a significant shipbuilding contract with the East India Company in 1702, resulting in the construction of 355 vessels. He and his brother, Sorabji, established Mumbai's first dockyard, achieving considerable renown by 1840. The Wadia Group's entrepreneurial ventures continued with the founding of India's first trading company, The Bombay Burmah Trading Corporation Limited, in 1863, followed by Bombay Dyeing in 1879 and Britannia Industries in 1918. Who Leads The Company? The Wadia Group, a conglomerate founded 288 years ago by Lovji Nusserwanji Wadia as a shipbuilding company, is now headed by Nusli Wadia. Valued at approximately USD 7.2 billion, the group remains a significant player in the Indian economy, demonstrating both a commitment to its legacy and a drive for innovation. Its holdings include the Punjab Kings, an Indian Premier League cricket team. Who Is Nusli Wadia Nusli Wadia, born in 1944, is the son of Neville and Dina Wadia, the latter being the daughter of Muhammad Ali Jinnah. His sons, Ness and Jehangir Wadia, currently lead the family's business. The Wadia family belongs to the Parsi community.
