India, known for its legendary business dynasties like the Tatas, Birlas, and Goenkas, and modern titans such as the Ambanis, Adanis, Nadars, and Premjis, has a business history that spans nearly 300 years. The story of India Inc. begins with a visionary who pioneered the shipping industry and laid the groundwork for Mumbai to become the country’s economic capital.
The title of India’s oldest company belongs to the Wadia Group, founded in 1736 by Lovji Nusserwanjee Wadia from Surat, Gujarat. Lovji, a master shipbuilder, secured contracts from the British East India Company to construct the first dry dock in Mumbai and several ships. His entrepreneurial spirit and craftsmanship established a legacy that his descendants have built upon for generations.
Today, the Wadia Group boasts a market capitalization of ₹1,20,000 crore and includes some of India’s most renowned companies. Three of these companies, each over a century old, are listed on Indian stock exchanges: Bombay Dyeing, Britannia Industries, and the Bombay Burmah Trading Corporation.
Bombay Dyeing
Founded in 1879, Bombay Dyeing has been a cornerstone of the Indian textile industry for over a century. It is renowned for its high-quality fabrics and innovative designs.
Britannia Industries
Established in 1892, Britannia Industries is a household name in India. The company’s diverse range of products, from biscuits to dairy items, has made it a beloved brand across the nation.
Bombay Burmah Trading Corporation
Founded in 1863, Bombay Burmah Trading Corporation began as a trading company dealing in Burmese teak. Over the years, it has diversified into sectors including plantations, healthcare, and real estate.
The Wadia Group’s journey from an 18th-century shipbuilding pioneer to a modern conglomerate is a remarkable tale of innovation, excellence, and enduring legacy. While the Tatas and Ambanis often dominate the headlines, it is the Wadias who hold the distinction of being India’s oldest running business group.
