Global InformationKasturchand Daga information
Diwan Bahadur Sir Kasturchand Daga KCIE | |
|---|---|
 Statue of Kasturchand Daga in Nagpur, which was unveiled by then Governor Sir Frank Sly in December 1924 | |
| Born | 1855 |
| Died | 21 January 1917 |
| Occupation(s) | Businessman, Philanthropist & Owner of Rai Bahadur Bansilal Abirchand (RBBA) Company |
| Spouse | Amritbai Daga |
| Parent |
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Diwan Bahadur Sir Seth Kasturchand Daga, KCIE (1855-1917) was a businessman, landlord, philanthropist, and a pioneer who had conceptualised and implemented the hub-and-spoke model of trade. He was from Nagpur.[1] He was made Knight Commander of the Most Eminent Order of the Indian Empire by King George V at the 1911 Delhi Durbar Honours.[2]
Kasturchand started his entrepreneurial and banking journey from Nagpur and expanded his banking business from Lahore (now in Pakistan) to Yangon (then in Burma), with transactions extending up to Europe.[1]
He was the founder of several textile mills in the then Central Provinces including the Model Mills of Nagpur, and Daga mills at Hinganghat and Badnera (now in Maharashtra). His company, Rai Bahadur Bansilal Abirchand (RBBA) Company, which had over 22 ventures in different sectors, was worth several hundred crores in those times.[1]
He served as a Khazanchi to the Bank of Bengal and Chairman of Nagpur Electric Light and Power Co Ltd.[3] Sir Kasturchand Daga died on 21 January 1917.[4]
- ^ a b c Deshpande, Vivek (17 December 2017). "100th death anniversary: Nagpur recalls contributions of Sir Kasturchand Daga". Indian Express.
- ^ "No. 28559". The London Gazette. 8 December 1911. pp. 9355–9366.
- ^ The Indian Biographical Dictionary. 1995. pp. 110, 111.
- ^ Arnold Wright (1920). The Bombay Presidency, the United Provinces, the Punab, Etc: Their History, People, Commerce, and Natural Resources. Foreign and Colonial Compiling and Publishing Company. p. 537.