Nusli Wadia’s final duel

The exit of younger son Jeh has left a void, both in the family and the business. The patriarch now has to limit the damage to the over two centuries old group.

28 September, 202115 min
0
Nusli Wadia’s final duel

Why read this story?

Editor's note: To the outside world it looked like Nusli Wadia, who turned 77 in February, had settled the handover of the family legacy to his two sons: Ness Nusli Wadia and Jehangir Nusli Wadia.  There were two parts to the inheritance. One was the Wadia Group, which housed the family business that traced its roots back to over two centuries. Both Ness and Jehangir—or Jeh as he was referred to—were on the boards of most of the group companies. But there was a difference. While Ness had donned executive roles, including at Bombay Dyeing, it was clear that younger brother Jeh was more inclined to take on an active role in the daily operations. So Jeh, who also creditably built a small but profitable aviation business in GoAir, looked set to take over the family’s business responsibilities from his father whenever the transition happened.  Apart from business, Nusli is as passionate (or even more) about philanthropy. Unlike the Tatas, whose trusts’ charity work is feted worldwide, the Wadia family’s philanthropy is little known outside the Parsi community. Not that it mattered …

You may also like

Business
Story image

Reliance’s growth engines may be losing steam

Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.

Business
Story image

Conglomerates, duopolies and domination hamper India

The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.

Business
Story image

Anil Ambani owes his gravy train ride to apathy, leniency

Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been