India is home to numerous large business groups, but the Wadia Group is distinguished as the oldest. Founded in 1736, it has continually achieved new milestones in the business arena. At nearly 288 years old, the Wadia Group maintains a strong presence across various sectors.

Lovji Nusserwanjee Wadia: The Founder

Parsi businessman Lovji Nusserwanjee Wadia, born in 1702 in Surat, established the Wadia Group in 1736. His primary focus was shipbuilding, and it was through his shipbuilding company that the Wadia Group first gained recognition.

Asia's First Dry Dock in Mumbai

The Wadia Group's journey started with shipbuilding when Lovji Wadia secured a contract from the East India Company to construct ships and docks, marking a pivotal moment for his business. Collaborating with his brother Sorabji, Lovji established the first dockyard in Mumbai, which also became Asia's first dry dock. Over the years, the Wadia Group diversified into various sectors, most notably Britannia Industries and Bombay Dyeing. Britannia has become a well-known name in the Indian food market, while Bombay Dyeing is a significant player in the textile industry.

Global Recognition within 100 Years

Within its first 100 years, the Wadia Group had established a global presence. By 1840, it had emerged as a leading name in shipbuilding, gaining recognition both in India and international markets. In 1863, the Wadia Group founded the Bombay Burmah Trading Corporation Limited, which became India's first publicly traded company, further solidifying the group's prominence in Indian business.

Connection to Jinnah

The Wadia family has a notable connection to Pakistan's founder, Muhammad Ali Jinnah. Nusli Wadia, the current chairman of the Wadia Group, is the son of Dina Wadia, Jinnah's daughter. Dina Wadia married into an Indian Parsi family, defying her father's wishes. Nusli Wadia has two sons, Ness Wadia and Jehangir Wadia, who are continuing the family legacy in the business.

Wadia Group Net Worth

The Wadia Group's current net worth is approximately Rs 60,000 crore ($7.2 billion) and operates across various sectors, including textiles, food, aviation, and real estate. Despite its long history, the Wadia Group continues to hold a strong position in both Indian and international markets. Ness Wadia, the son of Nusli Wadia, is a co-owner of the IPL team Kings XI Punjab, which enjoys immense popularity among Indian cricket fans. Ness Wadia is actively involved in the operations of Britannia Industries and plays a significant role with Kings XI Punjab.

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