Nusli Wadia | |
|---|---|
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| Born | 15 February 1944 |
| Occupation | Businessman |
| Spouse | Maureen Wadia |
| Children | Ness Wadia Jehangir Wadia |
| Parents | |
| Family | Wadia family Jinnah family |
Nusli Neville Wadia (born 15 February 1944) 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. [1] His net worth was estimated at US$4.1 billion by Forbes in August 2021. [2]
Nusli was born into the prominent Parsi Wadia family in Bombay. He is the son of businessman Neville Wadia and Dina Wadia.
His maternal grandfather Muhammad Ali Jinnah was the founder of Pakistan, and his grandmother, Rattanbai Petit was born into the elite Parsi family of India. His paternal grandfather, Sir Ness Wadia was a well-known textile industrialist and played an important role during the late 19th century in turning the city of Bombay into one of the world's largest cotton trading centers, while his paternal grandmother was an Englishwoman, Evelyne Clara Powell, from Yorkshire. Through his parents families, he belongs to several of subcontinent’s political figures and business people.
Nusli once held British citizenship for some time by descent as his father had been born in the UK. Wadia was educated at Cathedral and John Connon School. He was also educated at the Rugby School in England. He later went to the University of Florida and earned a PhD in Chemical Engineering. [3]
Nusli is married to Maureen Wadia, a former air hostess, who heads Gladrags magazine and is one of the organizers of Mrs. India beauty pageant. They have two sons: Ness Wadia and Jehangir Wadia. [4]
In 2004, Wadia accompanied his mother Dina and sons Ness and Jeh, on a visit to Pakistan, during which he visited the mausoleum of his grandfather Muhammad Ali Jinnah, and grandaunt Fatima Jinnah in Karachi. [5]
In 1962, Nusli entered Bombay Dyeing as a trainee in the spring mills. In 1970, Nusli was appointed managing joint director. In 1971, Nusli learned that his father was planning to sell the company to R. P. Goenka and move abroad. Nusli was only 26 at the time and had his own ambitions to run the company. With the help of his mother, sister, friends, and his mentor J.R.D Tata he began garnering 11 per cent of the company shares and went on to persuade the employees to pool their savings and buy shares to prevent the sale. Nusli then flew down to London where his father was making the deal, and convinced him not to sell the company or emigrate. In 1977 Nusli succeeded his father as the chairman of the company.
In 2016, Wadia announced that he will be filing a defamation case against Ratan Tata and his Tata group, after being removed as the independent director of Tata Motors. [6] During the 2016–19 period, when the trial was ongoing, Wadia's net worth increased from US$3.5 billion to US$7 billion. [7] In January 2020, Wadia withdrew the defamation case, following Tata's statement that there was no intention to defame Wadia. [8] [9]
Jehangir Ratanji Dadabhoy Tata was an French-Indian Aviator, Business magnate, Entrepreneur and chairman of Tata Group.
Rattanbai Jinnah, also known as Ruttie Jinnah, was the wife of Muhammad Ali Jinnah, an important figure in the creation of Pakistan and the country's founder.
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.
Pallonji Shapoorji Mistry was an Indian-born Irish billionaire construction tycoon. He was chairman of the Shapoorji Pallonji Group and a major shareholder of India's largest private conglomerate, Tata Group.
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.
The Tata family is an Indian business family, based in Mumbai, India. The parent company is Tata Sons, which is the main holding company of the Tata Group. About 65% of the stock in these companies is owned by various Tata family charitable trusts, mainly the Ratan Tata Trust and the Dorab Tata Trust. Approximately 18% of the shares are held by the Pallonji Mistry family, and the rest by various Tata sons.
Sir Dinshaw Maneckji Petit, 1st Baronet was an Indian entrepreneur and founder of the first textile mills in India, as well as a great philanthropist. He was part of the Petit family and became the first Petit baronet.
The Cathedral and John Connon School is a co-educational private school founded in 1860 and located in Fort, Mumbai, Maharashtra. The school is widely considered to be amongst the best and most prestigious schools in India, housing five sections: Pre-Primary, Infant, Junior, Middle and Senior Schools.
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.
The Petit Baronetcy, of Petit Hall on the Island of Bombay, is a title in the Baronetage of the United Kingdom. It was created on 1 September 1890 for the Indian entrepreneur and philanthropist Dinshaw Maneckji Petit.
The "Tata Tapes" controversy was a political scandal in India that was the culmination of a series of allegations of anti-national conduct levied by the then Chief Minister of Assam, Prafulla Kumar Mahanta, against the Tatas – their company Tata Tea in particular. The controversy erupted when journalist Ritu Sarin of the Indian Express broke a story that involved the illegal tapping of the telephone calls of business tycoon Nusli Wadia and published, on 4–5 October 1997, transcripts of the telephone conversations he had with Keshub Mahindra, Field Marshal Sam Maneckshaw, then Rajya Sabha Member of Parliament Jayant Malhoutra and Ratan Tata about Tata Tea's problems with the Assam Government.
Ness Nusli Wadia 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. He was the Joint Managing Director of Bombay Dyeing, the flagship company of the Wadia Group, till March 2011 when he stepped down from the post. Wadia is a co-owner of the Indian Premier League cricket team Punjab Kings.
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.
Cyrus Pallonji Mistry was an Indian born Irish businessman. He was the chairman of the Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second not to bear the surname Tata. In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December that year. In October 2016, the board of Tata Group's holding company, Tata Sons, voted to remove Mistry from the post of chairman. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chairman a few months later. However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020. Mistry had filed a cross-appeal in the court, seeking explanations for anomalies in the NCLAT. However, the Supreme Court upheld his dismissal.
The Jinnah family was a political family of Pakistan. It has played an important role in the Pakistan Movement for creation of Pakistan, a separate country for Muslims of India. The family held the leadership of All-India Muslim League, and its successor, Muslim League, until it was dissolved in 1958 by martial law.
The Wadia family is a prominent Parsi Indian family.
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