Not Mukesh Ambani’s Reliance Group, the oldest company in India, founded in 1736 with a net worth of Rs 6 billion, owns the IPL team, currently by…
Companies under the Wadia Group’s banner include famous companies such as Britannia Industries and Mumbai Dyeing.
India is home to famous business groups such as Tatas, Birlas and Goenkas, as well as modern giants such as Ambanis, Adanis, Nadars and Premjis, Wadia Group stands out in India’s oldest business group (Wadia Group), founded in 1736. WadiaGroup has maintained a successful business for 288 years.
About Wadia Group
The Wadia Group has diversified its fields such as textiles, aviation and food. Famous companies under Wadia Group include Britannia Industry and Mumbai Dyeing. Britannia is an outstanding player in the Indian food market, and Mumbai dyeing is popular in the textile industry.
Who is the founder of Wadia Group?
Lovji Nusserwanji Wadia was born in Surat, Gujarat in 1702 and obtained a shipbuilding and dock construction contract from the East India Company. The company built 355 ships. Lovji and his brother Sorabji built the first shipyard in Mumbai, which gained a good reputation in 1840. Subsequently, the organization established Mumbai Dyeing in 1879 and in 1918 the Britannian Industry.
Who is leading the company now?
Initially, the Wadia Group is currently headed by Nusli Wadia and a shipbuilding company founded by Lovji Nusserwanji Wadia. Wadia Group, with an estimated net worth of Rs 60 crore (US$7.2 billion), has a strong presence in the business sector in India. Throughout its 288-year history, the organization not only retains its legacy, but also sets new standards for innovation and excellence. The Wadia Group also owns the IPL team Kings XI Punjab, now known as the King of Punjab.
Nusli Wadia was born on February 15, 1944, the son of Neville Wadia and Dina Wadia. Dina Wadia is the daughter of Pakistan’s founder Mohammed Ali Jinnah. Nusli Wadia has two sons, Ness Wadia and Jehangir Wadia, who are currently managing the business. The Wadia family is part of the Parsi community.
