Ness Wadia

Last updated

Ness Nusli Wadia
Ness Wadia CN Wadia Cup (cropped).jpg
Wadia at the C.N. Wadia Cup in 2011
Born (1971-05-30) 30 May 1971 (age 52)
Mumbai, India
Education The Cathedral & John Connon School  (Mumbai)

Lawrence School  (Himachal Pradesh)

Millfield School  (England)
Alma mater Tufts University
University of Warwick
OccupationBusinessman
Parent(s)Maureen and Nusli Wadia
Relatives Jehangir Wadia (brother) See Wadia family and Jinnah family

Ness Nusli Wadia (born 30 May 1971) is an Indian influencer. Part of the Wadia family, Wadia is the managing director of Bombay Burmah Trading Corporation, a company which has holdings in most of the Wadia Group subsidiaries, including an indirect majority stake in Britannia Industries. [1] [2] He was the Joint Managing Director of Bombay Dyeing, the flagship company of the Wadia Group, [3] [4] till March 2011 when he stepped down from the post. Wadia is a co-owner of the Indian Premier League cricket team Punjab Kings.

Contents

Early life

Wadia was born into the Parsi Wadia family in Mumbai. His parents are businessman Nusli Wadia and former airhostess Maureen Wadia. [5] His father was the son of Neville Wadia and Dina Wadia. His grandfather was the son of Sir Ness Wadia who played an important role in turning the city of Bombay into one of the worlds largest cotton gin trading centers during the late 19th century. His grandmother was the daughter of Muhammad Ali Jinnah the founder of Pakistan whose mother committed suicide.

After completing his education at The Cathedral & John Connon School as well as Lawrence School in Himachal Pradesh, and then at Millfield School in the UK Wadia studied international relations at Tufts University near Boston, Massachusetts, and then went on to do his M.Sc in Engineering Management at University of Warwick. [3]

Career

Wadia joined Bombay Dyeing in 1993 as a Management Trainee. During his earlier period he was closely involved in marketing and retail distribution of the textile division of the company and was active in various organisations such as the Cotton Textiles Export Promotion Council (TEXPROCIL) (a council he once chaired), Mill Owners’ Association (MOA), Associated Chambers of Commerce & Industry of India, etc. [6]

In 1998, he took a leave of absence to complete his master's degree in Science of Engineering Business Management from the University of Warwick with a thesis titled "Leading to Success in India". After receiving his master's degree in 2001, he returned as Deputy Managing Director of Bombay Dyeing and was later promoted to Joint Managing Director. [3] He was appointed to this position on 1 August 2001 and stayed till March 2011, when he stepped down, and younger brother Jehangir was made managing director. Ness was appointed Managing Director of Bombay Burmah Trading Corporation. [2]

In 1998, 1999 and 2000 he was appointed on the Prime Minister’s Council on Trade & Industry and in September 1998 was appointed the Convenor of the Special Group Task Force on Food and Agro Industries Management Policy in September, 1998. [6]

Ness Wadia currently serves as Managing Director of Bombay Burmah Trading Company Limited and Chairman of National Peroxide Limited. [6] He also serves as Director on Boards of various Wadia Group companies such as Britannia Industries, Bombay Dyeing, GoAir and Wadia Techno Engineering Services. He sits on the Audit Committees of GoAir, Britannia, Bombay Burmah, and NPL; the Finance Committees of Bombay Dyeing, Bombay Burmah, and Britannia; and also the CSR Committees of Bombay Dyeing and Britannia. He is actively involved in the overseeing the award-winning Wadia Hospitals in addition to the Group’s educational establishments under Modern Education Society (MES) Trust. [6]


In 2008, along with actress Preity Zinta and businessman Mohit Burman, Wadia acquired ownership rights for the Mohali-based Twenty20 cricket team of the Indian Premier League (IPL). [7] The group paid $76 million to acquire the franchise, and named the team Kings XI (Eleven) Punjab, later on changed to Punjab Kings. [8]

Board positions

Wadia has served as Managing Director of Bombay Burmah Trading Company Limited. [9] He has been a trustee of Sir Ness Wadia Foundation,[ citation needed ] and other charitable trusts within the Wadia family, and a board member of Wadia Hospitals. [10] [ non-primary source needed ]

Personal life

Wadia dated Bollywood actress Preity Zinta from February 2005 until 2009, and the couple were subject to intense media scrutiny. [11]

On 13 June 2014, Zinta filed a complaint with the Mumbai police against Wadia alleging he had attacked her at an IPL match at the Wankhede Stadium in Mumbai on 30 May. [12]

Wadia helped the state of Sikkim by donating supplies during COVID-19 pandemic. [13]

He has been noted to be supportive of the LGBTQ community. [14]

B2B Platform AgriGator Raises Funding From Venture Catalysts And Ness Wadia [15]

Related Research Articles

<span class="mw-page-title-main">Preity Zinta</span> Indian film actress, entrepreneur (born 1975)

Preity G Zinta is an Indian entrepreneur and actress primarily known for her work in Hindi films. After graduating with degrees in English honours and criminal psychology, Zinta made her acting debut in Dil Se.. in 1998, followed by a role in Soldier in the same year. These performances earned her the Filmfare Award for Best Female Debut, and she was later recognised for her role as a teenage single mother in Kya Kehna (2000). She subsequently established a career as a leading actress of Hindi cinema with a variety of character types. Her roles, often deemed culturally defiant, along with her unconventional screen persona won her recognition and several accolades.

<span class="mw-page-title-main">Dina Wadia</span> Daughter of Muhammad Ali Jinnah (1919–2017)

Dina Wadia was the daughter of Muhammad Ali Jinnah, the founding father of Pakistan, and Rattanbai Petit. She belonged to some of the most prominent families of the Indian subcontinent, notably, the Jinnah family through her father, the Petit family through her mother, and the Wadia family through her marriage to Neville Wadia.

<span class="mw-page-title-main">Nusli Wadia</span> Indian businessman (born 1944)

Nusli Neville Wadia is an Indian billionaire businessman and the chairman of the Wadia Group, an Indian conglomerate involved in the FMCG, textiles and real estate industries among others. His net worth was estimated at US$4.1 billion by Forbes in August 2021.

<i>Salaam Namaste</i> 2005 Indian film

Salaam Namaste is a 2005 Indian romantic comedy-drama written and directed by Siddharth Anand and produced by Aditya Chopra and Yash Chopra under Yash Raj Films. The film stars Saif Ali Khan and Preity Zinta in lead roles, alongside a supporting cast of Arshad Warsi, Tania Zaetta and Jugal Hansraj. The film was released on 9 September 2005, and was the first Indian film to be shot entirely in Australia.

<i>Dil Hai Tumhaara</i> 2002 film

Dil Hai Tumhaara is a 2002 Indian Hindi-language romantic drama film directed by Kundan Shah. The film stars Preity Zinta in the central part of Shalu, a young woman who, unbeknownst to her, was born out of wedlock and, following her parents' death, was begrudgingly adopted by her father's wife (Rekha), who has never accepted her as her own and whose love Shalu has been craving since childhood. Mahima Chaudhry, Arjun Rampal, Jimmy Sheirgill and Alok Nath play supporting roles. The film was promoted as a star vehicle for Zinta and, although a commercial failure on release, Zinta's performance was praised by critics and earned her nominations for Best Actress at a number of award ceremonies. The soundtrack, composed by Nadeem-Shravan, did well on the charts.

The Wadia family is a Parsi family from Surat, India currently based in Mumbai, India. The family rose to wealth in the mid-1700s as shipbuilders serving the British East India Company as the latter established its sway over India. During the declining years of the British Raj, Neville Wadia, scion of the main branch of the family, married Dina Jinnah, only child of Muhammad Ali Jinnah, the founder of Pakistan. Despite being the only descendants of the founding father of Pakistan, the family chose to stick to their mills and factories in India rather than emigrate to the new country. They prospered abundantly under Nehru-Gandhi dispensation and today, they run the Wadia Group of companies, one of the larger industrial conglomerates in India.

<span class="mw-page-title-main">Britannia Industries</span> Indian food and beverage company

Britannia Industries Limited is an Indian multinational food products company, which sells biscuits, breads and dairy products. Founded in 1892, it is one of India's oldest existing companies and currently part of the Wadia Group headed by Nusli Wadia. As of 2023, about 80% of its revenues came from biscuit products.

Bombay Dyeing & Manufacturing Company Limited is an Indian textile company headquartered in Mumbai, India. It operates as a subsidiary of the Wadia Group and is one of India's largest producers of textiles.

Lovji Nusserwanjee Wadia (1702–1774) was a Parsi from Surat province of Gujarat in India and was a member of the Wadia family of shipwrights and naval architects, who founded Wadia Group in 1736.

Neville Ness Wadia was an Indian businessman, philanthropist and a member of the Wadia family, an old Parsi family which, by the 1840s, was one of the leading forces in the Indian shipbuilding industry. Wadia was the last of India's aristocratic taipans, who expanded his family textile concern into one of India's largest and donated lavishly for the welfare of the Parsee community to which he belonged.

<span class="mw-page-title-main">Wadia Group</span> Indian multinational conglomerate

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. 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.

<span class="mw-page-title-main">Bombay Burmah Trading Corporation</span> Indian trading company

The Bombay Burmah Trading Corporation Limited (BBTC) is an Indian trading company based in Mumbai owned by the Wadia Group. It was formed in 1863 by the Wallace Brothers of Scotland. It is India's oldest publicly traded company, and was established to engage in the Burmese tea business through the initial step of taking over the Burmese assets of William Wallace.

<span class="mw-page-title-main">Rajasthan Royals</span> Indian domestic cricket team

Rajasthan Royals are a professional franchise cricket team based in Jaipur, Rajasthan, that plays in the Indian Premier League (IPL). Founded in 2008 as one of the initial eight IPL franchises, the team is based at the Sawai Mansingh Stadium in Jaipur. The Royals are known to unearth obscure, high potential talent.

<span class="mw-page-title-main">Punjab Kings</span> Indian franchise cricket team

Punjab Kings (PBKS), formerly Kings XI Punjab, are a professional franchise cricket team based in Mullanpur, Punjab, that plays in the Indian Premier League (IPL). The franchise is jointly owned by Mohit Burman, Ness Wadia, Preity Zinta and Karan Paul. The team plays its home matches at the PCA Stadium, Mullanpur, although since the 2010 season, they have also played some home matches at Dharamsala and Indore. Apart from the 2014 season when they topped the league table and finished runners-up, the team has made only one other playoff appearance in 16 seasons.

Jehangir Nusli Wadia, also known as Jeh Wadia, is an Indian businessman, who was the Managing Director of Go First, Bombay Dyeing and Bombay Realty. He was also a Director on the Boards of Britannia Industries, The Bombay Burmah Trading Corp. Ltd, Wadia Techno – Engineering Services Limited & others.

Mohit Burman is an Indian businessman. He is the Chairman of Dabur India Ltd, the world's largest Ayurvedic and Natural healthcare company. A fifth-generation scion of the Burman family, Mohit is the driving force behind the family's foray into several sunrise sectors.

The 2018 season was the 11th season for the Indian Premier League franchise Kings XI Punjab.The team finished in 7th position and could not qualify for the playoffs.

The 2020 season was the 13th season for the Indian Premier League franchise Kings XI Punjab. They were one of the eight teams that competed in the 2020 Indian Premier League. The Kings XI Punjab's catchment areas are Kashmir, Jammu, Himachal Pradesh, Punjab and Haryana—evident from the letter sequence "K J H P H" in the banner of the team's logo. Kings XI Punjab finished the tournament in 6th position with 6 wins and 8 losses, failing to qualify for the playoffs.

References

  1. ↑ "Bombay Dyeing Management: Jeh elevated, Ness steps down". The Times of India . 30 March 2011. Archived from the original on 27 May 2012. Retrieved 2 May 2011.
  2. 1 2 "Wadia Group Re-shuffle". MoneyControl.com. 30 March 2011. Archived from the original on 8 April 2011. Retrieved 5 May 2011.
  3. 1 2 3 "Preity Zinta, Ness Wadia, Karan Paul, Mohit Burman". The Times of India . 2 April 2008. Archived from the original on 23 May 2009. Retrieved 9 May 2009.
  4. ↑ "Promoters of Kings XI Punjab". Kings XI Punjab. Archived from the original on 3 March 2016. Retrieved 9 May 2009.
  5. ↑ "Ness Wadia: Photoshoot". The Times of India . Archived from the original on 9 February 2009. Retrieved 9 May 2009.
  6. 1 2 3 4 "Bombay Dyeing & Manufacturing Co. Ltd. (BDYN:Bombay Stock Exchange)". Businessweek.com . Retrieved 10 May 2009.[ dead link ]
  7. ↑ Bollywood Hungama News Network (24 January 2008). "King Khan, Preity Zinta bag teams in IPL bidding". indiaFM. Archived from the original on 3 May 2009. Retrieved 9 May 2009.
  8. ↑ "Kings XI Punjab". kxip. Archived from the original on 2 April 2020. Retrieved 18 April 2009.
  9. ↑ "list of directors". bbtcl.com. Archived from the original on 24 July 2017. Retrieved 19 July 2017.
  10. ↑ "Nowrosjee Wadia Maternity Hospital". Archived from the original on 27 March 2020. Retrieved 27 March 2020.
  11. ↑ Shaikh, Jamal (3 February 2005). "Preity woman's man". The Times of India . Archived from the original on 10 November 2012. Retrieved 9 May 2009.
  12. ↑ "Bollywood Actress Preity Zinta Files Molestation Case Against Business Tycoon (Report)". The Hollywood Reporter. Prometheus Global Media. 14 June 2014. Archived from the original on 7 February 2015. Retrieved 14 June 2014.
  13. ↑ "Ness Wadia joins Sikkim's battle keeping Coronavirus at bay". Archived from the original on 2 October 2020. Retrieved 22 April 2020.
  14. ↑ "Kanika Dhillon, Amit Sharma, Ness Wadia, Garima Arora to help LGBTQIA community, sex workers and HIV infected people amidst COVID-19 crisis". Bollywood Hungama. Archived from the original on 4 June 2020. Retrieved 11 May 2020.
  15. ↑ "B2B Platform AgriGator Raises Funding From Venture Catalysts And Ness Wadia". entrepreneur.com. Archived from the original on 23 December 2020. Retrieved 23 December 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.