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India's 100 Year Old Firms, That Are Still Young
By siliconindia
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Friday, 14 October 2011, 02:39 IST |
2 Comments
3. Century textiles and industries:
Century had been founded by Nowrosjee N. Wadia. He established a single manufacturing concern in the year 1897. Nowrosjee is the grandfather of Nusli Wadia the owner of Bombay dyeing. There was a great demand for cotton in the time of American civil war and that was the time when Wadia set up his mind to get into the serious manufacturing of cotton. After three decades it was overtaken by the rival Chunilal Mehta and from him R.D Birla acquired it. Birla traded in jute and many other commodities and obtained adequate number of shares to extort management control. He became the chairman of the company in the year 1951 and his brother Ghanshyam Birla and Basant Kumar Birla, the youngest son of G.D Birla joined hands with him. It is referred to as Babu by many and it is still B.K Birla at 90, the chairman of the company.
