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Abasaheb Garware | |
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 Garware on a 2004 stamp of India | |
| Sheriff of Bombay | |
| In office 1959 - 1960 | |
| Preceded by | J.C. Jain |
| Succeeded by | Y. A. Fazalbhoy |
| Personal details | |
| Born | Bhalchandra Digambar Garware (1903-12-21)21 December 1903 Tasgaon,British India |
| Died | 2 November 1990(1990-11-02) (aged 86) |
| Nationality | British Indian(1903 - 1947) Indian(1947 - 1990) |
| Children | 5[1] |
| Occupation | Entrepreneur, businessman |
| Awards | Padma Bhushan (1971) |
Bhalchandra Digamber Garware (21 December 1903 - 2 November 1990) also known asAbasaheb Garware was anIndian pioneeringindustrialist from the state ofMaharashtra. He was the Founding Chairman of the Garware Group of Industries.[2] He was also appointed as theSheriff of Bombay from 1959 to 1960. For his overall contribution in Business and Industries he was awardedPadma Bhushan in 1971.
Abasaheb Garware was born inTasgaon inSatara district ofBombay Presidency on 21 December 1903. He facedpoverty since his father wasted away all the family wealth and incurred large amount ofdebts. Due to the financial position at home he was forced to leaveeducation after passing the then 6th Standard High School exam.
After initial struggle inMumbai he started anautomobile business for his livelihood which made some decent earnings for him. During this time since he was in automobile business he got an idea of the potential for asecond-hand car market. He then started working as an agent for selling second-hand cars. Eventually with hisentrepreneurship and hard work he established his "Deccan Motor Agency" inGirgaon, in south Mumbai (then Bombay) and earned repute as a reliable dealer in cars. He also got into the business of selling spares, accessories,tyres, etc.
In 1933, Abasaheb decided to go toEngland since second-hand cars were cheap in England then. InLondon he not only dealt with second hand cars but he also purchased firms from businessmen taking advantage of recession. This move brought him good profits. His move of buying cars in England helped him to get a good grip on the second-hand car business.
He showed his business acumen once again when he entered thePlastic Industry. He identified Plastic Industry as an upcoming industry and hence he entered it. He started manufacturing Plastic buttons for the Navy during the2nd World War.
Eventually he got into a number of ventures related to Plastic industry likeNylon Yarn, Nylon Bristles,fishing nets,Polyester Films, SyntheticRopes, Plasticinjection molding andblow molding, etc. He had a good success due to his keenness of quality.
Abasaheb was an entrepreneur who put into practiceGandhiji’s precepts of trusteeship for the good of workers. He attributed his success to his team. He decided to pay back his earnings to Society to distribute his profit towards social causes likehealth, education etc. He also made numerous donations forschools andcolleges,laboratories,libraries, gymnasia, etc. Annual Scholarships and awards were also instituted by him to promote academic excellence among students.
He founded about seventy five Trusts for pursuing various charitable objectives.
His contributions in the field of education has also been invaluable. Due to his efforts a number of Educational Institutions were set up such as theUniversity of Bombay’s Garware Institute of Career Education and Development and Smt. Mathubai Garware College for women atSangli. His charitable donations to the Maharashtra Education Society, Pune led to that organization renaming its colleges and a school as theAbasaheb Garware College, the Abasaheb Garware college of Commerce and Smt. Vimlabai Garware High school respectively.
He was appointed asSheriff of Mumbai in 1959. He was also chosen to lead institutions like theState Bank of India, Maharashtra State Financial Corporation and many delegations to foreign countries.[3] The Government of India bestowed on him thePadma Bhushan award in 1971.[4] He was also awarded the Udyog Ratna by the Institute of Economic Studies in 1989. He received an honorary D.Litt. Degree from theUniversity of Pune in 1989. TheDepartment of Posts of India honored Abasaheb Garware with a commemorativepostage stamp in 2004.
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