10 great business men in 1900’s who shaped modern India
1. JAMSETJI TATA
Born on March 3, 1839, in the town of Nausri Gujarat. Jamsetji started his first company in 1868, when he was 29 with a capital of Rs 21,000. This was followed by a cotton mill, empress mills in Nagpur in1874. His vision also drove the Tata group to pioneer employee welfare practices like 8 hour workdays, free medical aid, provident fund and accident compensation. Jamsetji became the first to build India’s luxury hotel, the Taj Mahal hotel in 1903. It was the first building in Mumbai to have electricity for his contributions, the Government of India issued a special commemorative postage stamp and a coin. Fitting honors for the legend who pioneered India’s industrial developments for which he was fondly known as “The Father of Indian Industry”.
2. KC MAHINDRA
Kailash Chandra Mahindra was born in 1894 in Punjab, who was an Indian industrialist and co-founder of Mahindra & Mahindra.
In 1942, Kailash Chandra was appointed Head of the Indian Purchasing Mission in the United States. In 1945, KC was appointed as the Chairman of the Indian Coal Fields Committee of the Government of India and also of the Automobile and Tractor panel.
In 1946, he moved to Bombay to found Mahindra & Mohammed. Also, KC served as a director of the Hindustan Steel, Air India, and Reserve Bank of India.
He died in 1963.
3. BHAI MOHAN SINGH
Bhai Mohan Singh was born in 1917 and was a pioneering figure in India’s pharmaceutical industry. He started his career in the construction industry, winning contracts to build roads in northeastern India during World WarII. After India got independence, he walked into the money lending business, which is how he came to acquire Ranbaxy from his cousins after the company defaulted on some loans. Once Singh took over, he was associated with Lapetit Spa, an Italian pharmaceutical company, which he later purchased.
In the 1960s, Singh launched an Indian version of valium called Calmpose and went on to release a series of drugs. Singh was awarded the Padma Shri for his civic contributions, Singh died in 2006.
4. ARDESHIR GODREJ
Ardeshir Burjorji Sorabji Godrej was born in 1868, who was an Indian businessman. He founded the ‘Godrej Group’ 120 years ago, was a man of high principles and resilience. This venture became successful and he is now known as the lockmaster of India.
In 1897, he introduced the first lock with lever technology in India. he made the first Indian safe in 1902. He also found a method to manufacture soap from vegetable oils instead of animal fat, which was a procedure which everyone told was impossible. Ardeshir passed away in January 1936.
5. GD BIRLA
Ghanshyam Das Birla or GD Birla was born on 10 April 1894 at Pilani village. Inheriting his family’s money-lending business, Birla diversified into the manufacturing segment and left for Calcutta in Bengal Presidency, the world’s largest jute producing region and worked as a jute broker.
In 1919, the Birla Brothers Limited was formed with an investment of Rs 5 million. In the 1940s, he ventured into the territory of cars and launched Hindustan Motors.
He also founded the Birla Engineering College, now the Birla Institute of Technology and Science, which is one of the nation’s best engineering schools. He passed away at the age of 90.
6. DHIRUBHAI AMBANI
Dhirajlal Hirachand Ambani mostly known as Dhirubhai, was the son of a school teacher in a remote village in Gujarat who chose to build his own giant dreams, was born on December 28, in the year 1932. He is the most famous businessman in all of India. The founder of Reliance Industries started with two assistants and an investment of Rs 50,000. In just three decades, the combined fortune of his family tops out at 60 billion dollars, which made them one of the wealthiest families in the world.
Ranked by Forbes as the world’s 138th-richest person, with an estimated net worth of $2.9 billion in 2002. He passed away in Mumbai on July 6, 2002.
7. AMMEMBAL SUBBARAO PAI
Ammembal Subba Rao Pai was born on 19 November 1852 who was a leading lawyer of Mangalore, India. He was the founder of Canara Bank, which has been one of India’s leading banks, and Canara High School in Mangalore. He was a lawyer and a banker by profession, but he was an educationist and social reformer by temperament. He helped shape the future of Dakshina Kannada District and of the GSB community in Karnataka. Ammembal Subba Rao passed away on 25th July, 1909.
8. TV SUNDARAM IYENGAR
TV Sundaram Iyengar was born on 22 March 1877. He started his career as a lawyer, and then moved to Indian railway and later to the bank. TVS & Sons or TV Sundram Iyengar & Sons Private Limited, was formed in 1911. It is the parent company of the TVS group and is the largest automobile corporate dealer and automobile parts distributor in India. The company provides employment to over 10,000 people with revenue of around INR 8,000 Crores. It operates through viz, TVS, Sundaram Motors and Madras Auto Service.
The business activities of TVS & Sons comprises dealerships for Automobile vehicles, sales & service of products for special applications like Construction & Material handling.
9. BASANT KUMAR BIRLA
Basant Kumar Birla was born on 12 January 1921 who was an Indian businessman of the Birla family. He was the youngest son of philanthropist Ghanshyam Das Birla. By the age of 15, he became actively associated with a large number of companies and eventually had turned to become the chairman of Kesoram Industries. Birla was the chairman of the Krishnarpan Charity Trust, which runs an engineering college named BK Birla Institute of Engineering & Technology in Pilani, Rajasthan, and the Swargashram Trust, which administers a Sanskrit school in Rishikesh. He also formed Birla Public School in Qatar and the Birla College of Arts, Science & Commerce in Kalyan near Mumbai. Birla passed away on 3 July 2019, at the age of 98.
10. GAUTHAM VIJAYPAT SINGHANIA
Gautham Singhania was born on 9th Sep 1965inIndia. he is the chairman and managing director of one of the world’s largest textile manufacturing conglomerate “Raymond group”
He joined the family’s Raymond Group in 1990 by first becoming the director, in July 1999 then the managing director, and the chairman in September 2000. Gautam Singhania completely represents his company’s tagline “The complete man”, as he is one of the iconic Indian entrepreneurs. He was born in an industrialist family, to Vijaypat Singhania and Ashabai Singhania.