Latest news with #WadiaGroup
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.
India.com
13-05-2025
- Business
- India.com
Coca Cola, Nokia and...: Take a look at famous brands which are over 100 years old, some names will surprise you
In a world where businesses come and go, some brands have stood the test of time, adapting to changing markets and evolving consumer needs. These legendary companies have not only survived but thrived for over a century, becoming household names with enduring legacies. Let's take a look at 7 iconic brands that have managed to stay relevant and successful for over 100 years. Wadia Group is one of the oldest conglomerates in India with presence in several diversified industries, including FMCG, real estate, textiles, chemicals and food processing. 'Four companies in the Wadia Group, which form part of our Group Companies, are listed on Indian Stock Exchanges, including Britannia (a 102-year old company in FMCG that is in the Nifty 50 index), Bombay Burmah (a 150-year old company in tea and other businesses), Bombay Dyeing (a 140-year old company in textiles and real estate) and NPL (a manufacturer of hydrogen peroxide),' reads its official website. Procter And Gamble: Since its founding in 1837, Procter & Gamble (P&G) has played a pivotal role in shaping the global consumer goods sector, introducing iconic products like Tide, Pampers, and Gillette. The Aditya Birla Group can trace its antecedents back to 1857. The history of the Group dates back to a cotton trading business established in the village of Pilani in Rajasthan. The origin connect is still strong. In 1964, Pilani became home to the very first Birla Institute of Technology and Science. The roots of Aditya Birla Group trace back to the 19th century in the picturesque town of Pilani, nestled amidst the Rajasthan desert. It was here that Seth Shiv Narayan Birla commenced trading in cotton, thereby laying the foundation for the House of Birla. 'During India's challenging times in the 1850s, the Birla business expanded rapidly. In the early part of the 20th century, the Group's founding father, Mr. Ghanshyam Das Birla, established industries in critical sectors such as textiles, fibre, aluminium, cement, and chemicals,' reads the official website of the company. 29-year-old Jamsetji Nusserwanji Tata starts a trading company with a capital of Rs 21,000 — the early beginnings of what would one day become the Tata group. Founded in 1865 in Finland, Nokia transformed from a paper and rubber manufacturer to a telecom giant, revolutionizing the world with its technology. Founded in 1886, Coca-Cola evolved into one of the world's most recognized and beloved beverage brands, symbolizing refreshment across generations. Reportedly established in 1881, Thomas Cook pioneered modern travel by organizing some of the world's first package tours, laying the foundation for the global tourism industry.
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
06-05-2025
- Business
- India.com
Meet man, once filed defamation case against Ratan Tata, one of living descendants of Pakistan founder Jinnah, his net worth is Rs…, he is…
Nusli Wadia is the chairman of the Wadia Group which operates in different sectors. He handles major companies alike Britannia Industries and Bombay Dyeing. Wadia once entered into the aviation industry and founded Go First in 2005. However, the airline faced financial difficulties and was declared bankrupt in 2023. But still Wadia is a billionaire according to Forbes with a net worth of $5.5 billion (Rs 46,517 crore). In September 2024, Wadia sold a 10-acre plot in Mumbai for over $130 million. He is also known as a 'corporate samurai' due to his numerous legal battles. Wadia had once filed a criminal defamation case against the late Ratan Tata and Tata Sons directors in 2016. It was because he was ousted from several Tata Group boards. He later withdrew these cases. Descendant Of Muhammad Ali Jinnah Wadia and his two sons are the only living descendants, through his maternal side, of Muhammad Ali Jinnah who was the founding father of Pakistan. His son, Ness Wadia is co-owner of the IPL cricket team Kings XI Punjab. Wadia is also a philanthropist and supports various educational and healthcare work in India. His wealth majorly comes from his 51% stake in Britannia Industries. He is married to Maureen Wadia, who was a former flight attendant and public figure in the fashion industry. They have two sons named as Ness and Jehangir.
Business Standard
06-05-2025
- Business
- Business Standard
Bombay Dyeing & Manufacturing slides after Q4 PAT slumps 83% YoY to Rs 12 cr
Bombay Dyeing & Manufacturing Company dropped 4.22% to Rs 127.20 after the company's consolidated net profit tumbled 82.63% to Rs 11.54 crore in Q4 FY25 as against Rs 66.46 crore posted in Q4 FY24. Revenue from operations declined 5.68% year on year to Rs 359.02 crore in the quarter ended 31 March 2025. As compared to Q3 FY25, the company's net profit slumped 83.52% and revenue fell by 13.44% in Q4 FY25. Profit before exceptional items and tax slipped 9.96% to Rs 12.74 crore in Q4 FY25, down from Rs 14.15 crore reported in the same period a year ago. The company posted an exceptional loss of Rs 0.14 crore during the period. Total expenses declined 12.50% to Rs 382.78 crore in Q4 FY25 as compared with Rs 437.49 crore in Q4 FY24. Cost of material consumed stood at Rs 265.63 crore (down 11.25% YoY) and the finance cost was at Rs 2.66 crore (down 48.74% YoY) during the period under review. On a full-year basis, the companys consolidated net profit slumped 83.37% to Rs 490.16 crore on a 4.91% decrease in revenue to Rs 1,605.43 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 1.20 per equity share for the financial year ended 31st March 2025. If declared, the dividend will be paid within the timelines prescribed by law. Bombay Dyeing and Manufacturing Company is a flagship company of Wadia Group. The company is is engaged in three business divisions, i.e., manufacturing polyester staple fiber (PSF), real estate and textile retail business.
