Welcome to The Ahmedabad Business

Industries and Business

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Textile industry

Ahmedabad was well known for its business of cotton, silk and embroidery. The European countries used to buy 'Khinkhab' from ahmedabad to gift to the Queen of England. Ranchhodlal Chhotalal was the first man to establish textile mill in Ahmedabad in 1861. Second textile mill was started by Bechardas Ambaidas Lakshkari in 1867. Later, Mansukhbhai, Manganbhai and Lalbhai followed them. Later there were 26 mills in 1889, 53 in 1916 and 74 in 1934. Thus, Ahmedabad reached the peak of glory in textile industry and it became the "Manchester of India". The prosperity of Ahmedabad depends on the textile industry. Then Ambalal Sarabhai, Kasturbhai Lalbhai and Amratlal Hargovindas became the leading Textile industrialist and they followed Mahajan tradition. In the course of time depression was seen in textile industry and the mills were closed one after the other. This is how, a full stop came in the Textile Industry.

Ahemdabad Stock Exchange

The prosperity of Ahmedabad textile industry is because of the stock exchange. When the first textile mill was established, shares were issued to raise the capital for the industry. Sheth Ranchhodlal issued the shares for raising the capital of one lakh rupees.

The businessmen of Ahmedabad established "Ahmedabad Share and Stock Brokers Association" in 1894. Thus the buying and selling activity was done in Manekchowk. In 1916 'Share and Stock Brokers Hall' was built at the cost of three lakhs and eight thousand rupees. This buildings is out of use at present, but it reminds us of the share market with bullish trend. The time has changed now.

Pharmaceutical Industry

Gujarat was first in establishing a pharmacy college and other allied industries supporting pharmaceutical industry. The contribution of Gujarat is 42 percent in the pharmaceutical industry. Where as, in the total export, the contribution of parmaceutical industries is 22 percent. Among the other towns of Gujarat, Ahmedabad occupies front position in pharmaceutical industry.

Cadila Laboratories started in 1951,developed into two separate companies namely Zydus Cadila Health Care of Ramanbhai Patel and Cadila Pharma of Indravadan Modi.

Uttambhai Mehta entered the pharmaceutical industry in 1959 and today we find a big industrial complex of Torrent Pharmaceutical. There are many other pharmaceutical companies in Ahmedabad.

Detergent Industry

India is amongst the biggest in the world for the industries producing household goods. Presently, Ahmedabad enjoys top position in detergent industry. Out of the total production of detergents in India, 52 percent share is of Gujarat alone; with Ahmedabad accounting for 90 percent of Gujarat's production.

Nirma Limited is a clear leader here, accouting for 80 percent of Ahmedabad's total production, Today, Nirma is the largest detergent and second-largest toilet soap brand in India. Distinct market vision and robust infrastructure have resulted Nirma Ltd to sustain its dominant market leadership position it attained in 1980s. The founder of Nirma, Dr. Karsanbhai Patel is famous as 'Soap King' in the world.

ADANI Group of Industries

Gautam Adani established a company called Adani Export Ltd in 1988.A shining star of the trade market, Gautam Adani created a business empire of 3300 crore rupees in a short period of one and a half decade and has earned 15th rank as a big business house. The first private port, 'Gujarat Adani Port Ltd' is established at Mundra in Kachchh by this company.

SAL Industries

Shah Alloys Ltd (SAL) which initially started as Shah Industries in 1983 has become a leading stainless steel company of India. The Chairman of the company, Rajendra Shah started his career in Saraspur and has taken SAL to the peak of its success.

Rasana

Rasna is very popular soft drink powder, manufactured by Ariz Khambhata. The success of Rasna has become a subject of case study for many business schools.

Vagh Bakari Tea

Vagh Bakari Tea is a popular tea brand in terms of quality. Narayandas Desai was the first to start tea estate in South Africa in 1892. Piyashbhai Desai developed this business.