Wadia Group

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Wadia Group
Company type
Private
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Headquarters,
India
Area served
Worldwide
Key people
Nusli Wadia
(Chairman)[1]
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Total equityIncrease US$6.929 billion (₹51,400 Crores)
OwnerWadia family
Number of employees
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Websitewww.wadiagroup.com

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Wadia Group is an Indian multinational conglomerate, founded in Surat, headquartered in Mumbai. It was founded by Lovji Nusserwanjee Wadia in 1736 and is the oldest company in India, with its subsidiary The Bombay Burmah Trading Corporation Limited, established in 1863, being the oldest publicly traded Indian company.[3] Other notable companies of the group are Bombay Dyeing, a textile company established in 1879, and Britannia Industries, a food and beverage company established in 1918.

Lovji Wadia secured contracts with the British East India Company to build ships and docks in Bombay in 1736.[4] 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. Among the historical ships built by the Wadia Group are Lua error in package.lua at line 80: module 'Module:WPSHIPS utilities/data' not found., Lua error in package.lua at line 80: module 'Module:WPSHIPS utilities/data' not found., and Lua error in package.lua at line 80: module 'Module:WPSHIPS utilities/data' not found..

Group company logos displayed on the nose of a GoAir plane
A GoAir aircraft at Bangalore International Airport, with pink colours.

Companies

The Wadia group consists of several companies, four of which are listed on Indian stock exchanges.

Apart from the listed companies, Wadias own several other 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 First – Established in 2005.
  • Punjab Kings – a cricket team, one of the ten franchisees playing in the Indian Premier League. Established in 2008.
  • Bombay Realty – Established in 2011.

See also

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."India Wadia Group stays in Britannia long term-paper". Reuters. 4 July 2007. Retrieved 30 September 2010.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Home". wadiaengg.com.
  3. ^ Page Module:Citation/CS1/styles.css has no content.Mudgill, Amit. "Old isn't gold always! These 19th century firms failed to reward investors in last 5 years". The Economic Times. Retrieved 19 September 2022.
  4. ^ Page Module:Citation/CS1/styles.css has no content.Mihir Bose (2006). Bollywood: a history. Tempus. ISBN 978-0-7524-2835-2.

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