Govindram Seksaria | |
|---|---|
 | |
| Born | 19 October 1888 |
| Died | 22 May 1946 |
| Nationality | Indian |
| Occupation | Businessman |
| Known for | Commodities Business,Real Estate, Educational Institutes |
Govindram Seksaria was an Indian industrialist of the Seksaria family. He is known as the Cotton King of India. He was among the most successful industrialist of pre-independence India.
Govindram Seksaria was born on 19 October, 1888. In Nawalgarh in present-day Rajasthan in a marwari family. He lost both his parents at an early age and took responsibility of his wife, brothers Bholaram, Ramnath, Makhanlal & two sisters. He moved from Nawalgarh to Mumbai (formerly Bombay) in the early 1900s and started operating under the name of Messrs. Govindram Seksaria. India was under the British Raj at that time, and every major industry was owned or managed by foreign firms that had the full support of the government. For Indian firms and businessmen, survival and growth was difficult and risky under a government that was both unsupportive and bleak. It was in such a hostile environment that Govindram Seksaria started his career as an operator on the Bombay Cotton Exchange. Within a few years, the Cotton Contract Board accepted his membership. Later, he became one of the original members of the East India Cotton Association. He went on to become a very famous name in the cotton market. [1]
After his success in the cotton market, Seksaria soon entered into bullion and other commodity markets. He also delved in various stock exchanges in India including the Bombay Stock Exchange. He also became a founding member of the Indian Stock Exchange. Seksaria was a member of the following boards and chambers:
Though Seksaria was very successful in Indian markets, there was not much growth potential in the country at the time. So, in 1934, Seksaria became a member of the New York Cotton Exchange, a rare thing for an Indian in those days. Seksaria retained his membership till his death. He was also a member of the Liverpool Cotton Exchange and, later, the copper, sugar and wheat exchanges of various British and American cities.
Seksaria ventured into industry in 1937 by establishing Govindram Brothers Pvt. Ltd. Under this company he started a vegetable oil business and soon diversified into sugar, textile, minerals, mining, banking, printing and motion pictures. He also entered into real estate by establishing Estate Investment Co. Ltd. to manage his vast real estate holdings. In banking, he founded the Bank of Rajasthan. He also helped in Indian motion picture development through his close association with the Bombay Talkies studio. Seksaria was also a principal donor in the establishment of Bombay Hospital.
His successors were his grandsons, Rajkumar Seksaria and Nandkumar Seksaria. Today, they manage his business.
Govindram Seksaria died in 1946 at the age of 58. All the major markets in Mumbai, including the bullion exchange, cotton exchange and stock exchange remained closed that day as a tribute to this leader of industry. He established many schools and colleges. This trend continued with his son, the late Kudilalji Seksaria, who donated toward the Shri Govindram Seksaria Institute of Technology and Science. His sons, Rajkumar Seksaria and Nandkumar Seksaria, in turn, went on to establish the Govindram Seksaria Institute of Management and Research.
The Birla family is a family connected with the industrial and social history of India.
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange which is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a kumauni businessman, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is one of the world's largest stock exchanges by market capitalization.
Harshad Shantilal Mehta was an Indian stockbroker and a convicted fraudster. Mehta's involvement in the 1992 Indian securities scam made him infamous as a market manipulator.
Nawalgarh is a heritage city in Jhunjhunu district of Indian state of Rajasthan. It is part of the Shekhawati region and is midway between Jhunjhunu and Sikar. It is 31.5 km from Sikar and 39.2 km from Jhunjhunu. Nawalgarh is famous for its fresco and havelis and considered as Golden City of Rajasthan. It is also the motherland of some great business families of India.
Premchand Roychand Jain (1832–1906) was an Indian Jain businessman known as the "Cotton King" and "Bullion King" from Bombay.
Shri Govindram Seksaria Institute of Technology and Science (SGSITS), formerly known as Govindram Seksaria Technological Institute (GSTI), is an institute of technology located in Indore, Madhya Pradesh, India. It is an autonomous institution funded by the Government of Madhya Pradesh, India.
Multi Commodity Exchange of India Ltd (MCX) is a commodity exchange based in India. It was established in 2003 by the Government of India and is currently based in Mumbai. It is India's largest commodity derivatives exchange. The average daily turnover of commodity futures contracts increased by 26% to ₹32,424 crore during FY2019-20, as against ₹25,648 crore in FY2018-19. The total turnover of commodity futures traded on the Exchange stood at ₹83.98 lakh crore in FY2019-20. MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities.
The Seksarias are an industrialist family in India. It is a well recognised and respected family name in the Marwari Agrawal community in India. The Govindram Seksaria family originally came from the district called "Sekhsar" in Rajasthan, India, hence they chose the family name "Seksaria".
Maheshwari, also spelled Maheshvari, is a Hindu caste of India, originally from what is now the state of Rajasthan. Their traditional occupation is that of commerce and as such they form part of the wider Bania occupation-based community that also includes castes such as the Khandelwals, Oswals and Agrawals Gahois.
The Commercial Bank of India, also known as Exchange Bank was a bank which was established in Bombay Presidency, in 1845 of the British Raj period. The bank failed in the crash of 1866, after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz: London, Calcutta, Hong Kong, Fuzhou, Shanghai, Hankou, Yokohama and Singapore, with an agency for the purchase of bullion at San Francisco. Commercial Bank of India then was winded up as directed by the Master of the Rolls, under the corresponding section of the Companies Act of England, where the company was registered under the Indian law and was not registered in England, but was carrying on business in England.
Deepak B. Phatak, is an Indian computer scientist and academic, and a recipient of the Padma Shri Award for his contribution in science and technology in 2013. He is known for his notable work for upgrading Aakash, advertised by its manufacturer as the 'world's cheapest tablet'. In 2009, he was ranked one of the 50 most powerful people in India.
Deena Mehta is an Indian businesswoman, broker, investor, financial adviser, chartered accountant and social activist. She is the managing director and chief executive officer of Asit C. Mehta Investment Intermediates Ltd. Mehta was one of the first female members of Bombay Stock Exchange, Mumbai and became its first woman president.
Sir Homi Maneck Mehta KCIE KBE JP was an Indian industrialist.
N. M. Wagle is a former Indian civil servant, business executive and a former Managing Director of Greaves Cotton Ltd., Chairman of Crompton Greaves Ltd.,. He headed the City and Industrial Development Corporation (CIDCO), a Maharashtra Government agency, for five consecutive terms (1970–75), becoming the longest serving chairman in the institution's history. He was the first Indian to serve as the president of the Associated Chambers of Commerce and Industry of India (ASSOCHAM), one of the premier trade organizations in India. He also served as the president of the Bombay Chamber of Commerce and Industry for two terms, in 1961 and 1968. The Government of India awarded him the third highest civilian honour of the Padma Bhushan, in 1970, for his contributions to Indian industry.
Kamal Morarka was an Indian union minister and businessman. He was a National president of the Samajwadi Janata Party (Rashtriya).
Mungtu Ram Jaipuria was an Indian social worker, industrialist and educationist and the founder of Seth M.R. Jaipuria Schools. The Government of India awarded him Padma Bhushan, the third highest Indian civilian award, in 1971.
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Shantilal Mehta with other bankers and politicians on the Bombay Stock Exchange. The scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD.
Seth Ramnarain Ruia was an Indian businessperson. He is also referred as the Cotton King.
Sir Shapurji Burjorji Broacha was an Indian industrialist and philanthropist. He was appointed as the Sheriff of Bombay in 1911 during the visit of the King-Emperor, then King George V.
Rajaram Jaipuria was an Indian industrialist, educationist, and author. He was MA, Ph D in Economics. He was the founding chairman and managing director of Ginni group and Seth Anandram Jaipuria Education Society. He was also the ex-Chairman of the Indian Cotton Mills Federation. He managed a number of industries, such as sugar, media, cotton spinning, technical textiles, consumer products, etc.