wadia group success story, Mughal era company, made Jinnah’s daughter daughter-in-law, full story of Go First owner Wadia group – wadia group success story: a mughal empire to jinnah daughter, rs 330 billion net worth

New Delhi: Go First Airlines has applied for Voluntary insolvency proceedings in NCLT. The company has reached the verge of bankruptcy. The situation became such that the airline decided to stop the airline overnight. All flights of Go First Airlines have been canceled for the next three days. GoFirst’s Vivam service is suspended from 3rd to 5th May 2023. Surprisingly, the country’s oldest company, Wadia Group, whose wealth is in billions, has reached the verge of drowning due to financial crunch. Today we know the story of this Wadia group. To know its story also you have to go back 300 years.

Country’s oldest company

The Wadia Group had its origins in the Mughal era. After the death of Aurangzeb in 1707, in the year 1736, the Wadia family of Surat, Gujarat first introduced the company concept. At that time they used to exchange goods. Business used to take place across the seas as well. The British East India Company needed people to build ships. The Wadia Group started expanding its business from here. He started working with the British East India Company. They used to build water ships for the British East India.

Navji Nuserwanji Wadia the first industrialist of the country

Nowji Nuserwanji Wadia, the head of the Wadia family, used to build ships for the British. Nusserwanji Wadia was the first industrialist of the country. He understood the company concept. Restored the people within. Wadia started the concept of the company where business was being done through the transaction of goods. All this was very new to the people at that time. The business kept growing. The company left Surat and reached Mumbai. Novji Nusserwanji Wadia opened his company in Mumbai. Work was progressing. He was getting orders to build docks and ships for the British East India. By the year 1840, the Wadia Group had built more than 100 ships for the British. In 1863, the Wadia group formed The Bombay Burmah Trading Corporation Limited. It was the first public trading company of the country. Started Bombay Dyeing in the year 1879, Britannia in the year 1918.

Jinnah’s daughter was made the daughter-in-law of the house

Dina Wadia, the daughter of Pakistan’s founder Muhammad Ali Jinnah, became the daughter-in-law of the family household. Going against her father’s wishes, she married into an Indian Parsi family. In the year 1936, Dina met Neville Wadia in New York. Neville was from a Parsi family and Dina was a Muslim, but both started liking each other. The liking turned to love and Dina married Neville Wadia against her father. The Wadias were big businessmen, but it didn’t take Dina much time to adjust to the environment. Nusli Wadia is the son of Dina and Neville Wadia. Nusli Wadia married Maureen Wadia. Both have two children, Ness Wadia and Jehangir Wadia.

Wadia Group Command

Nusli Wadia is the chairman of the Wadia Group. Many big and small companies including FMCG, Textile, Airlines, Tech Company are included in the Wadia Group. According to the information available on the website of the Wadia Group, Go First, Bombay Dying, Britannia, Bombay Realty, Wadia Techno-Engineering Services Ltd, Bombay Barhama (Bombay Burmah), National Peroxide, Dental Products, Instrument Orthopedics is part of the Wadia Group of Companies.

how much is the wealth

The total assets of the Wadia Group spread across different sectors are around $4.1 billion i.e. Rs 330 billion. Ness and Jehangir Wadia hold significant stakes in the business. While Ness Wadia is the MD of Bombay Burmah Trading Corporation, Jehangir Wadia is looking after the responsibility of GoFirst. Ness has a majority stake in Britannia Industries. The Wadia Group renamed Go Airlines as GoFirst. Today these airlines have reached the verge of drowning.