Wadia Group

Wadia Group
Type	Private
Industry	Conglomerate
Founded	1736
Founder	Lovji Nusserwanjee Wadia
Headquarters	Mumbai, Maharashtra, India
Area served	Worldwide
Key people	Nusli Wadia; (Chairman)[1]
Products	Textiles, aviation, chemicals, food processing, plantations, media & real estate
Revenue	₹ 28,000 crores
Total equity	₹ 51,400 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

One ship that the Wadias built of most historic significance is HMS Minden. The lyrics of "The Star-Spangled Banner" (US National Anthem) were written on board Minden.

HMS Cornwallis

HMS Cornwallis was the ship on which the Treaty of Nanking, ceding Hong Kong to England, was signed.

HMS Trincomalee

The oldest surviving ship of Great Britain (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.

Group company logos displayed on the nose of a GoAir plane

A GoAir aircraft at Bangalore International Airport, with pink colors.

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.

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.

External links

Wadia Group website

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[1] "India Wadia Group says in Britannia long term-paper". Reuters. 4 July 2007. Retrieved 30 September 2010.

[2] ttp://www.wadiaengg.com/

[3] Mihir Bose (2006). Bollywood: a history. Tempus. ISBN 978-0-7524-2835-2.