The Wadia Group was established by Loeji Nusserwanjee Wadia in 1736, when he opened a Marine Construction organization that fabricated boats for the British. He was one of India's first ace shipbuilders and a pioneer of the worldwide boat building industry. In the year 1879, Nowrojee Nusserwanjee Wadia, moved his stakes into the blossoming textile industry in India. By the latter part of the nineteenth Century, as Bombay was picking up its notoriety for being the second biggest cotton exchanging port the world just as India, the cotton capital of the world, Nowrojee began Bombay Dyeing in an unassuming red-block shed. This flagged the introduction of one of the best examples of overcoming adversity of Indian business enterprise.
Throughout the most recent 140 years, the Wadia’s have broadened into different fields of industry and business in a joint effort with world pioneers. The new organizations under the Wadia standard have become market pioneers in their individual fields under the vision and initiative of the Wadia Group Chairman Mr. Nusli Wadia. The Wadia Group, a well-reputed Indian business house has interests in plantations, foods, textiles, chemicals, electronics and light engineering, health care and real estate. Bombay Burmah, Bombay Dyeing, Britannia and GoAir are the flagship companies of the Wadia Group.
MAJOR COMPANY SEGMENT
GoAir Airlines –
GoAir is an Indian economic airline based in Mumbai, Maharashtra. In October 2017, it was the fifth biggest carrier in India with a 8.4% piece of the overall industry. GoAir was established in November 2005 by Jeh Wadia, child of Indian industrialist Nusli Wadia. The carrier is a completely possessed auxiliary of the Wadia Group.
Bombay Dyeing –
Set up by Nowrosjee Wadia in 1879 as a little activity of Indian spun cotton yarn plunge coloured by hand. The company has special interests in linens, towels, home furnishings, leisure clothing, kids wear and a whole range of other products which are available in over 350 exclusive Bombay Dyeing Retail or 2,000 multi-brand stores.
Bombay Realty –
The Group's real estate venture- Bombay Realty- is redefining the Mumbai skyline with its two iconic developments in the heart of Mumbai. These prime turns of events, The Island City Center (ICC) situated at Dadar and Wadia International Center (WIC) at Worli, are being formed into a-list habitations, workplaces, inns, administrations condos, marked homes and retail.
Bombay Bumrah –
The Bombay Burmah Trading Corporation, Limited (BBTCL) is a 150-year-old organization. The organization established its fortunes on teak in the year 1863, as an open organization, and all that followed is history. The organization is a main worry of the Wadia Group, a rumored Indian business house with interests in ranches, nourishments, materials, synthetic substances, hardware and light designing, medical care and land.
Britannia Ltd. –
Britannia Industries is one of India's driving food organizations with a 100-year inheritance and yearly incomes in overabundance of Rs. 9000 Cr. Britannia is among the most trusted food brands and manufactures India’s favorite food items like Good Day, Tiger, NutriChoice, and Marie Gold which are household names in India. Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk, and Yoghurt.
National Peroxide Ltd. –
NPL is a pioneer in India for peroxygen synthetic substances and is the biggest producer of Hydrogen Peroxide in India, with an introduced limit of 95,000 MTPA on half w/w. premise. It's completely coordinated assembling site for Hydrogen Peroxide is situated at Kalyan in Maharashtra (India).
MISSION AND VISSION
Mission
“To create, maximize and sustain long-term shareholder value.”
Vision
Their values have guided their path to success over the last three centuries. These values are the foundation of the organisational culture and regulate the contours of their day-to-day interaction with each other.
Their values govern through a culture of Integrity, Excellence, Respect, Teamwork and Trust.
TRIVIA
The lyrics of The Star-Spangled Banner, the national anthem of the United States, were written in 1812 on board a Wadia-built British Navy ship, the HMS Minden.
‘HMS Cornwallis’, a Wadia built deck, witnessed the signing of the Treaty of Nanking in 1842, under which China seeded Hong Kong to England.
The second oldest ship in the world, ‘HMS Trincomalee’, built by the company, is afloat even today in Hartlepool, England.
Wadia Group Founder Lovji Nusserwanjee Wadia was India’s first master ship builders.
Nowrojee Nusserwanjee Wadia started Bombay Dyeing in a humble red-brick shed.
The Group brings out ‘Gladrags’, a fashion and lifestyle publication. It conducts the annual Gladrags Megamodel hunt in Mumbai.
The group has a considerable amount of stake in Kings XI Punjab, highlighting their interest in the annual cricket festival of IPL in India.
THE BATTLE
Nusli Wadia, the current owner of Wadia Group has a brief history when it comes to brawls. He has locked horns with the Tata’s and the Ambani’s, two of the most renowned and richest families in India.
Wadia vs Ambani
The Wadia’s were working together much before the Ambani’s, who came in the spotlight later. Both had their sights on the polyester business, which was a promising segment during the 1980s. The fight was named as 'the ancient system locking horns with the nouveau riche'.
Dhirubhai Ambani was estimated to utilize his political impact to switch things around in support of himself, yet had another thing for his potential benefit as well. While Wadia utilized dimethyl terephthalate (DMT) as a polyester fabricating transitional, Ambani utilized refined terephthalic corrosive (PTA), which did a more proficient activity. With Wadia losing, one of the most praised fights in Indian corporate history reached a conclusion.
Wadia vs Tata
Ratan Tata and Nusli Wadia share a bond past business. Other than being cherished companions, Nusli additionally went about as a guide for Ratan Tata. In this manner, individuals couldn't accept their ears when they heard that Nusli had documented a criticism case on the Tata Group and Ratan Tata.
The entirety of this began when Wadia upheld Mistry over Tata to be Tata Group's director. This prompted him being eliminated as Tata Motors' autonomous chief. He at last pulled back the case, however simply in the wake of being told by the Supreme Court of India. By settling, he likewise let go of Rs. 3000 crore which he would get for his success.
CONCLUSION
The Wadia Group, through its diversified interests in various fields, has created a huge impact on the business world. With its prolonged heritage and esteemed leadership, the Group aims to reach at the top of every industry it owns a stake in. Today, the group is present across various sectors such as real estate, aviation, consumer products, plantations, chemicals and healthcare. Over the years, because of a lack of proper succession planning there had being many corporate wars. Like the famous war between the Ambani siblings over the Reliance Empire set up by the late Dhirubhai Ambani.
Therefore, with the rich heritage and support of the stakeholders, the Wadia Group aims to create its mark in the international business world. They have already taken a step in the direction by opening up branches of Bombay Dyeing in Dubai and neighbouring countries. This can lead to a huge increase in fortune of the group and can make them one of the leading business houses in the country.
"The road to success and the road to failure are almost exactly the same."
