Neville Wadia
Neville Ness Wadia (22 August 1911:– 31 July 1996) was a British-Indian businessman, philanthropist and a member of the Wadia family, an old Parsi family which, by the 1840s, was one of the leading forces in the Indian shipbuilding industry. Wadia was the last of India's aristocratic taipans, who expanded his family textile concern into one of India's largest and donated lavishly for the welfare of the Parsee community to which he belonged.
Life and career
Wadia was born in Liverpool into the Parsi Wadia family. He was the son of industrialist Sir Ness Wadia and Lady Evelyne Clara Powell Wadia. His grandfather Nowrosjee Wadia was a big textile businessman and his grandmother Bai Jerbai Wadia was a big philanthropist. Brought up in opulence in England, he was educated at Malvern College and Trinity College, Cambridge. He married Dina, the only child of Muhammad Ali Jinnah, the founder of Pakistan and his wife Rattanbai Pe*, in 1938. The wedding was largely criticized due to being an inter-faith marriage, Dina belonged to a Muslim faith, and Wadia was a Parsi. The couple had two children, a son, Nusli Wadia, and a daughter, Diana Wadia. However, the marriage did not last long and the couple divorced in 1943.
Although his father was born a Parsi, he renounced the Zoroastrian faith and converted to Christianity. Wadia was raised as a Christian which was his mothers religion. Neville later converted from Christianity to Zoroastrianism later in life.
During the late 19th century, his father, who was known as the Cotton King, played an important role in turning the city of Bombay into one of the world's largest cotton trading centres. In 1933, Neville was unceremoniously thrown into Bombay Dyeing by his father where he started working as a supervisor for loading of cotton bales on to trucks which was the most junior level in each department. He slowly worked his way to the top. He was paid no salary and given only a meagre allowance befitting a lowly employee. In 1952, Wadia succeeded his father as chairman of Bombay Dyeing, and under his leadership the company became one of India's most successful and quality-conscious textile concerns. Wadia founded the Cotton Textiles Export Promotion Council, which he headed for 12 years. He was also heavily involved in the real estate business in Mumbai, and he contributed to building new wings and upgrading several hospitals in Bombay founded by his family. He established a business school named as Modern Education Society's Neville Wadia Ins*ute of Management studies and Research in Pune and a host of charitable trusts for Parsees. In 1971, Neville decided to sell the company to R. P. Goenka and had plans to settle abroad. However his son stopped him by garnering 11 per cent of the company shares and went on to persuade the employees to pool their savings and buy shares to prevent the sale. Nusli then flew down to London where Neville was making the deal with Goenka and convinced him to not sell the company and not settle abroad. Goenka later recalled, "We had signed the deal with Neville Wadia... But after Neville Wadia had signed, Nusli baulked. Neville Wadia offered me Rs 5 lakh to return the contract. Pallonji Mistry *ured me that if the matter came to court, he would vouch for the legality of the sale and the presence of the contract. Like an idiot, I told Neville: 'If you offer me a drink, I'm prepared to cancel the deal.' He rushed off to get the finest bottle of Royal Salute. But I was an idiot. There is no room for emotions in business". After his retirement as chairman of Bombay Dyeing in 1977, he was succeeded by his son, Nusli Wadia. Neville Wadia died in Mumbai three weeks before his 85th birthday.
References
Bibliography
- Hinnells, John R. (2005) The Zoroastrian Diaspora: Religion and Migration. Oxford University Press,. ISBN:0-19-826759-2