Family History
Ghanshyam Das Birla was born on 10 April 1894 at Pilani village, in the Indian state then known as Rajputana, as a member of the Marwari Maheshwari community. His grandfather, Shiv Narayana Birla, had diversified from the traditional Marwari business of moneylending against pawned items. He had left Pilani for Bombay, using his modest capital to establish a dealership in cotton. The venture was successful and he came back to Pilani to build a mansion (or Haveli), which still stands by the name Birla Haveli. G. D. Birla's father, Baldeodas Birla, was adopted from the Navalgarh Birla family. Baldeodas's fortune was made in partnership with his nephew, Fulchand Sodhani, through speculation in the opium trade running into more than 10 million rupees, in which his elder brother Jugal Kishore Birla had earned a name.
Read more about this topic: Ghanshyam Das Birla
Famous quotes containing the words family and/or history:
“Every family has bad memories.”
—Mario Puzo, U.S. author, screenwriter, and Francis Ford Coppola, U.S. director, screenwriter. Michael Corleone (Al Pacino)
“America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.”
—Georg Wilhelm Friedrich Hegel (1770–1831)