- Source: Ramnarain Ruia
Seth Ramnarain Ruia (also known as Ramnarain Hurnundrai) was an Indian businessperson. He is also referred as the Cotton King.
He was one of the co-founders of Bank of India along with Sir Sassoon David and Sir Cowasji Jehangir Readymoney. Ramnarain Ruia College, a college located in Mumbai, is named after him.
Life and career
He was born around the 1860s. In 1883, Ramnarain became a broker to the opium department of Sassoon J. David, the well-known Armenian firm in Bombay. In 1891, he became a guaranteed broker to Sassoon J. David's cotton department.
In 1905, Ruia purchased Phoenix Mills and two other mills in 1905 to start his textiles business. The other two mills, which he had purchased was the Bradbury Mills at Kalbadevi) and the Dawn Mills at Lower Parel in Bombay.
In 1959, the firm was listed on the Bombay Stock Exchange. The firm also ventured into real estate in 1987and built High Street Phoenix, Mumbai. He co-founded Bank of India in 1906.
Further reading
Thomas A. Timberg (1978). The Marwaris, from Traders to Industrialists. Vikas. pp. 182, 214. ISBN 9780706905281.
Prakash Narain Agarwala (1985). The history of Indian business: a complete account of trade exchanges from 3000 B.C. to the present day. Vikas Publishing House Private. p. 422. ISBN 9780706926095.
References
Kata Kunci Pencarian:
- Nandu Natekar
- Krishnaswamy Kasturirangan
- Ramnarain Ruia
- Ramnarain Ruia College
- Sri Venkateswara Ramnarain Ruia Government General Hospital
- Hruta Durgule
- Nishikant Kamat
- Kranti Redkar
- Dilip Prabhavalkar
- Dadar
- Isha Koppikar
- Sonali Bendre
