Tag: Kailash Chandra Mahindra

List of All the Subsidiaries of Mahindra Group
Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.

The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.

Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.

The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.

The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.

In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.

A Brief History of the Mahindra Group
List of Mahindra Group Subsidiaries
A Brief History of the Mahindra Group

Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.

Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.

It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.

Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.

In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.

The history of Mahindra group

List of Mahindra Group Subsidiaries

Here are listed all the Mahindra Group Companies.

Mahindra & Mahindra Limited

Founded: 1945

Mahindra Group Limited

It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.

Mahindra & Mahindra popular cars

Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17^th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:
The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.

List of All the Companies Owned by Tata Group 2022

Tata Group of industries is an Indian multinational conglomerate founded by Jamshedji Tata. Here’s a list of all companies owned by Tata Group.

StartupTalkyDamini Bhandary

Mahindra Finance

Founded: 1991

Mahindra Finance – Mahindra & Mahindra Subsidiaries

Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.

Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.

The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.

The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.

It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.

Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.

List of Wipro’s Subsidiaries Which You Never Knew About

Wipro is an Indian conglomerate known for its IT services. However, it earns much from its subsidiaries. Read to know Wipro subsidiaries list.

StartupTalkyPV Vyshnavi

Tech Mahindra

Founded: 1986

Tech Mahindra – Mahindra & Mahindra Subsidiaries

Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.

Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.

Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.

Mahindra Electric Mobility Limited

Founded: 1994

Mahindra Electric – Mahindra & Mahindra Subsidiaries

Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.

The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.

The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.

The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.

The future of mobility in India

Mahindra Logistics Limited

Founded: 2000

Mahindra Logistics – Mahindra & Mahindra Subsidiaries

Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.

So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.

Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.

The Subsidiaries And Acquisitions Of Infosys Limited

Here is updates on the recent acquisitions of Infosys Limited & its subsidiaries- national & international. Know about all Infosys Subsidiaries.

StartupTalkyPV Vyshnavi

Mahindra Lifespace Developers Limited

Founded: 1994

Mahindra Lifespaces – Mahindra & Mahindra Subsidiaries

Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.

Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.

It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.

Mahindra Aerospace

Founded: 2003

Mahindra Aerospace – Mahindra & Mahindra Subsidiaries

Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.

The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.

Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.

Mahindra Holiday and Resorts India limited

Founded: 1996

Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries

MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.

The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.

All About Business Processing Outsourcing(BPO) Industry In India

A BPO service provider usually administers and manages a particular businessprocess for another company. In India, Business Process Outsourcing (BPO) is thefastest-growing segment of the Information Technology Enabled Services (ITES) industry. The factors which are responsible for the growth of t…

StartupTalkySouvik Dey

Conclusion

The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.

Frequently Asked Questions

What does Mahindra group do?

Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.

What are the subsidiaries of Mahindra Group?

The list of Mahindra group subsidiaries are:
- Mahindra & Mahindra Limited
- Mahindra Lifespace Developers Limited
- Mahindra Financial Services Limited
- Mahindra Holiday and Resorts India Limited
- Mahindra Aerospace
- Mahindra Logistics Limited
- Mahindra Electric Mobility Limited
- Tech Mahindra
Who is the CEO of Mahindra group?

Dr. Anish Shah is the CEO of Mahindra Group.

Where is the headquarters of Mahindra Group?

The headquarters of Mahindra Group is in Mumbai, Maharashtra.

What is the net worth of Anand Mahindra?

The net worth of Anand Mahindra is $170 Crores.

Who is the CEO of Tech Mahindra?

CP Gurnani is the CEO of Tech Mahindra.

How many companies are there under Mahindra Group?

There are 150 companies having global presence in 23 industries under Mahindra Group.

How many employees are there in Mahindra Group?

There are over 250,000 employees in Mahindra Group.
April 2, 2022
Greatest Indian Entrepreneurs of All Time you may not know about

Entrepreneurs around the world are an example of how well the economy is, how liberating the society is and how all the commerce and trade activities uplift an innovative individual. India being the largest democracy in the world has done a lot for the betterment of entrepreneurs and businessmen present here. The impact of globalization has led to a tremendous rate of growth in all the sectors of the economy. In this article, we will take a look at some of the most successful entrepreneurs in India. Who not only set a benchmark for other aspiring individuals but also motivate and inspire them to do more.

Dhirubhai Ambani

1932 – 2002

Company – Reliance Industries

The story of Dhirubhai Ambani’s life is quite the “rugs-to-riches” one. He was born in a Gujarati family and founded the Reliance Commercial Corporation with the amount of Rs. 15,000 only.

He first started his textile mill and then later diversified into petrochemical and sectors like Telecommunication, IT, Energy, Power, Textile, Retail, Logistics and Capital Market. He was one of the most successful and wealthiest businessman in the world. He always made it to the Forbes billionaires list and was worth $6 billion upon his death on July 6^th 2002.

Reliance is one the most profitable companies in India, it was the first Indian company to feature in Forbes 500 list and the 2^nd largest publicly traded company in India by market capitalization – which is all his creation. The company ranked 148^th on the Fortune Global 500 list of the World’s Biggest Corporations 2018 with a revenue of $62.3 billion. It contributes for approximately 25% of India’s total exports.

Dhirubhai Ambani was named the Indian Entrepreneur of the 20^th Century by FICCI (Federation of Indian Chambers of Commerce and Industry). Reliance Industries has a current net income of over $5.7 billion and assets amounting to a whopping $140 billion.

Dhirubhai Ambani won Padma Vibhushan award in 2016.

Jehangir Ratanji Dadabhoy Tata (1904 – 1993)

JRD Tata

Popularly known as JRD Tata, was a French born Indian aviator and chairman of Tata Group – his family business. He made Tata Group one of the most valuable and prestigious industrial groups in India, he had a vision ahead of his times. He began his career as an unpaid apprentice in Tata & Sons and with years rose to the position of becoming a Chairman to the company. He became the first person to obtain the first ever issued pilot license in India and later on went to establish India’s first commercial airline – Tata Airlines (later it became Air India). Over the years of his business life, he expanded the Tata Empire – Tata Telecommunications, Tata Tea, Titan Industries, Voltas, Tata Motors, and many more.

In 1992, JRD Tata was honored with the United Nations Population Award for his incessant endeavors towards initiating and prosperously implementing the Family Planning Movement in our country India. The Tata industries currently employ about more than 702,000 people and generates the revenue of $110.7 billion.

Jehangir Ratanji Dadabhoy Tata won Bharat Ratna in 1992, Padma Vibhushan in 1957.

Also Read : List of 23 Startups Funded by Ratan Tata

Kailash Chandra Mahindra (1894 – 1963)

Kailash Chandra Mahindra

K.C. Mahindra was born in 1894 in Punjab. He was the second of nine children. At Cambridge, he earned Honours, played hockey, and took a keen interest in rowing.

After graduating, he joined Messrs Martin & Company, where he edited the monthly magazine INDIA and, briefly, the Hindustan Review. In the 1940s, he went into the energy business and helped develop the nation’s coal policy by implementing the latest methods of coal mining.

In 1946, he moved to Bombay to found Mahindra & Mohammed, which became an industrial powerhouse for many sectors of the economy. One of the founders was his elder brother Jagdish Chandra Mahindra and the other one was his close friend Ghulam Mohammad. But after India’s partition, Ghulam Muhammad went to Pakistan and the company was renamed as Mahindra and Mahindra.

He was also director of RBI, Air India, Hindustan Steel, and Chairman of the Indian Aluminium Company. If J.C Mahindra was the dreamer then K.C Mahindra was the implementer. K.C Mahindra was known for his micro-approach to everything and was a great executor.

Also Read: 6 LGBTQ+ Entrepreneurs In The World

Govindram Seksaria (1888 – 1946)

Govindram Seksaria

Govindram Seksaria was born on October 19, 1888 in Nawalgarh in present-day Rajasthan. Govindram Seksaria was a famous Indian businessman of the Seksaria family. He is famously known as the Cotton King of India. He was among the most successful businessmen of pre-independence India.

When he moved from Nawalgarh to Mumbai (then Bombay) in the early 1900s, India was under the British Raj at the time, and every major industry was either 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 unencouraging. 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, going on to become a very famous name in the cotton market.

After his success in the cotton market, Govindram diversified and began trading in bullion and other commodities. Under Govindram Brothers Pvt. Ltd., he started a vegetable oil business and soon diversified into sugar, textile, minerals, 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.

Considering the hostile environment for Indians at the time of British Raj; Govindram is nothing short of a pearl in the ocean.

Also Read : Must Read Startup Books for Entrepreneurs

Bhai Mohan Singh (1917 – 2006)

Bhai Mohan Singh

Bhai Mohan Singh was born at Rawalpindi on the 30th of December in the year 1917. Bhai Mohan Singh is a pioneering figure in India’s pharmaceutical industry.

Bhai Mohan Singh began his business career during the Second World War with a construction business. After the partition of India and Pakistan he settled down in New Delhi. After independence, Singh entered into the money lending business. Ranbaxy was started by his cousins, Ranjit Singh and Gurbax Singh. Bhai Mohan Singh gave loan to the company and bought it when Ranbaxy failed to repay loan. Once Singh took over, he partnered with an Italian pharmaceutical company Lapetit Spa, which he later purchased.

In the 1960s, Singh launched an Indian version of valium called Calmpose and went on to release a series of blockbuster drugs. In early 1970s, he established an R&D facility at Mohali. In 1999, Singh was replaced by his eldest son in a boardroom coup. He along with another son, Analjeet laid the foundation of a new company Max. Singh died in 2006.

Bhai Mohan Singh won the Padma Shri for his civic contributions.

Also Read : Top Pharmaceutical Companies in India [Exhaustive List]

Ghanshyam Das Birla (1894 – 1983)

Ghanshyam Das Birla

Ghanshyam Das Birla was born on 10 April 1894 at Pilani village in Jhunjhunu district. Ghanshyam Das Birla, also known as GD Birla, was one of the most prominent Indian businessmen from his decade which was during the time of India’s struggle to Independence from British Empire. He was a very close associate of Mahatma Gandhi and used to advise him on economic matters. He laid the foundations of the Birla Empire and was also the founder of the Federation of Indian Chamber of Commerce and Industry (FICCI).

He started a Birla Jute Mills in Calcutta and got success during World War I, which was impossible for an Indian businessman to achieve in those harsh times. In 1919, his business also included significant paper and sugar production. He expanded his empire into manufacturing, tea business, banking, chemical, cement, and more. It was the reason behind the huge success of Birla Empire.

Along with his business activities, G.D. Birla is remembered for founding several educational institutions including the Birla Institute of Technology and Sciences (BITS), Pilani, which ranks in the forefront of engineering institutions in the country.

Birla won the Padma Vibhushan in 1957 by the Government of India.

Also Read : Successful Indian Entrepreneurs [2019 List]

Jamsetji Tata (1839 – 1904)

Jamsetji Tata

Jamsetji Tata is the founder of the Tata Group, India’s largest conglomerate which employs more than four lakh people and enjoys the revenue of over $83 billion. Tata is regarded as the legendary “Father of Indian Industry”.

Tata, who in his early life was a merchant, went on to change the business world of India through his many ventures within the cotton and pig iron industry, and is known as one of the most important builders of the modern Indian economy. Out of his many achievement, Tata is notable for the Tata Iron and Steel Works company in Jamshedpur.

He is the founder of the Taj Mahal hotel, near the Gateway of India close to the Mumbai shoreline. According to legend, he wanted to build a world-class hotel because he was denied entry to a luxury hotel when he was visiting another country. Now, the Taj Mahal hotel is one of the most renowned in the world.

Also Read : Successful Women Entrepreneurs in India

Verghese Kurien (1921 – 2012)

Dr. Verghese Kurien

Dr. Verghese Kurien was born on November 26, 1921 to an affluent Syrian Christian family in Calicut (now Kozhikode), Kerala. Verghese Kurien used his entrepreneurial skills to enrich not only himself but also all of India. The “Father of the White Revolution,” Kurien planned and implemented Operation Flood, the world’s largest agricultural development program, which turned India into the world’s largest milk producer. He helped make dairy farming a self-sufficient and sustaining industry. Dr. Kurien always regarded himself as an employee of the farmers who would do anything to bring prosperity in their favor.

Kurien is also the founder of the Amul brand of dairy products, which invented milk powder processed from buffalo milk rather than cow milk. One of the world’s strongest proponents of cooperative movements, his work has lifted millions of Indians out of poverty. Under his inspiring leadership many important institutions were established namely the GCMMF (Gujarat Cooperative Milk Marketing Federation Ltd) and NDDB (National Dairy Development board which played a significant role in shaping the Dairy Cooperative movement across the country and led the replication of Anand model of cooperative dairy practiced all over the country.

His birth anniversary is now celebrated as National Milk Day in respect of his great achievements. Verghese Kurien won Padma Shri (1965), Padma Bhushan (1966), Krishi Ratna Award (1986), World Food prize (1989), Padma Vibhushan (1999).

Read Also: Top 10 Youngest Entrepreneurs of India

Walchand Hirachand Doshi (1882 – 1953)

Walchand Hirachand

Walchand Hirachand didn’t belong to a wealthy family. His father was a small-time money lender but he had set his ambition on something bigger. He dreamt big and made that happen.

Simple living and big thinking were Walchand’s foremost traits.

Indian industrialist and the founder of the Walchand group, he established India’s first modern shipyard, first aircraft factory and first car factory; he also established construction companies, sugarcane plantations, sugar factories, confectioneries, engineering companies and many other businesses.

The original firm found it difficult to get large projects because of its small size so he decided it to merge with the Tata group. Walchand directed and oversaw some of the biggest construction projects of the pre-independence era. The construction company he founded was later named Premier Construction, with a major stake owned by Tata.

In his later years, he went on to start a shipping company, the Scindia Steam Navigation Company which went on to grab 21% of the Indian coastal traffic. He then went on to found the first Indian aircraft company, the Hindustan Aircraft, first modern shipyard, known as Hindustan Shipyard Limited, and finally, the first car manufacturing plant, Premier Automobiles.

Walchand along with Annie Besant and M. R. Jayakar together were the first sponsors of pioneering national news agency, the Free Press of India founded in 1927.

Also Read: Inspiring Quotes of Indian Entrepreneurs [Exhaustive List]

Ardeshir Godrej (1868 – 1936)

Aedeshir Burjorji Sorabji Godrej

Aedeshir Burjorji Sorabji Godrej was an Indian businessman and co-founder of the Godrej Group. The Gootherajee’s were a wealthy Parsi-Zoroastrian family of Bombay (now Mumbai), and Ardeshir’s father Burjorji and grandfather Sorabji dealt in real estate. In January 1871, his father had the family name changed to Godrej. He laid the foundation of a billion dollar empire that was made in India in the colonial times.

With 3,000 Rupees ($1500 US in 1895) from Cama, Ardeshir began manufacturing scalpels, forceps, pincers, scissors and the other implements of a surgeon’s trade. Then, he started his lock-making venture in 1897 and then expanded to vegetable based soaps and then went on to become one of the most valuable companies in India. His efforts towards the process improvement led the progress and growth of the Godrej Group.

The Godrej Family now controls the $4.5 billion revenue generating group which is a 121 year old consumer goods giant.

Also Read : The Top 50 Richest Indians in 2019

Some entrepreneurs on the above list are especially inspiring because they managed to make their fortune during British rule when the environment was not so friendly for Indian business. The ones who succeeded in that environment went the extra mile to succeed. This list will give you a broad outline of the amazing journey of some of these tycoons.

January 28, 2020