https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Ramnarain_RuiaRamnarain Ruia - Revision history2026-10-29T10:45:46ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Ramnarain_Ruia&diff=529372&oldid=prevGodrejsplender: Made a pg.2026-02-10T02:55:17Z<p>Made a pg.</p>
<p><b>New page</b></p><div>{{Short description|Indian businessperson}}<br />
{{Use dmy dates|date=May 2022}}<br />
{{Use Indian English|date=May 2022}}<br />
{{Infobox person<br />
| name = Seth Ramnarain Ruia<br />
| image = <!-- filename only, no "File:" or "Image:" prefix, and no enclosing [[brackets]] --><br />
| alt = <!-- descriptive text for use by speech synthesis (text-to-speech) software --><br />
| birth_date = c. 1860s<br />
| birth_place = [[India]]<br />
| death_date = c. 1930s (69-72)<br />
| death_place = <br />
| other_names = Ramnarain Harnandrai<br />
| education = <br />
| occupation = [[Businessperson]]<br />
| known_for = Founder of [[Phoenix Mills|Phoenix Mills Limited]] and founder of [[Bank of India]] <br />
| spouse = Suvrata Devi<br />
| children = 5<br />
| father = Harnandrai Ruia<br />
}}<br />
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Seth '''Ramnarain Ruia''' (also known as '''Ramnarain Hurnundrai''') was an Indian [[businessperson]].<ref name=marwar/><ref name=mint>{{cite news |title=70 companies with pre-1947 roots |url=https://www.livemint.com/Companies/IvqNiC0KHlZg9ZOXhFbe4O/70-companies-with-pre1947-roots.html |publisher=[[Livemint]] |date=24 August 2017}}</ref><ref>{{cite book |first=D.K. | last=Taknet |author-link=D. K. Taknet |title=The Marwari Heritage |date=2016 |publisher=IntegralDMS |isbn=9781942322061 |pages=71, 110, 111, 469 |url=https://books.google.com/books?id=kXS2DAAAQBAJ&dq=Ramnarain+Ruia+Cotton&pg=PA110}}</ref><ref>{{cite book |title=Full text of "Jamnalal Bajaj" |date=1960 |publisher=[[Internet Archive]] |url=https://archive.org/stream/dli.bengal.10689.12851/10689.12851_djvu.txt}}</ref> He is also referred as the ''Cotton King''.<ref name=mumbaimirror>{{cite news |last1=Hakim |first1=Sharmeen |title=3 branches of Ruias will get equal share in property divisio |url=https://mumbaimirror.indiatimes.com/mumbai/cover-story/3-branches-of-ruias-will-get-equal-share-in-property-division/articleshow/66437808.cms |agency=[[The Times of India]] |publisher=[[Mumbai Mirror]] |date=31 October 2018}}</ref><ref>{{cite journal |jstor=44156261 |quote=Ramnarain Ruia came to be addressed as 'Cotton King.'|title=Marwaris in the Cotton Trade of Mumbai: Collaboration and Conflict (Circa: 1850-1950) |last1=Calangutcar |first1=Archana |last2=Calangutear |first2=Archana |journal=Proceedings of the Indian History Congress |year=2012 |volume=73 |pages=658–667 }}</ref><br />
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He was one of the co-founders of [[Bank of India]] along with [[Sassoon David|Sir Sassoon David]] and [[Sir Cowasji Jehangir Readymoney]].<ref name=bankofindia>{{cite web |title=Bank's Founder Members |url=https://www.bankofindia.co.in/BanksFounderMembers |publisher=[[Bank of India]] |access-date=25 November 2019 |archive-date=28 September 2022 |archive-url=https://web.archive.org/web/20220928025743/https://www.bankofindia.co.in/BanksFounderMembers |url-status=dead }}</ref><ref name=marwar/> [[Ramnarain Ruia College]], a college located in [[Mumbai]], is named after him.<ref name=mumbaimirror/><br />
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== Life and career ==<br />
He was born around the 1860s. In 1883, Ramnarain became a broker to the opium department of [[Sassoon David|Sassoon J. David]], the well-known Armenian firm in [[Mumbai|Bombay]]. In 1891, he became a guaranteed broker to Sassoon J. David's cotton department.<ref>{{cite book |author1=Thomas A Timberg |title=The Marwaris: From Jagat Seth to the Birlas |date=2015 |publisher=[[Penguin UK]] |url=https://books.google.com/books?id=5cWUAwAAQBAJ&dq=Ramnarain+Ruia+Cotton&pg=PT55|isbn=9789351187134}}</ref><br />
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In 1905, Ruia purchased [[Phoenix Mills]] and two other mills in 1905 to start his textiles business.{{Citation needed|date=December 2025}} The other two mills, which he had purchased was the Bradbury Mills at [[Kalbadevi]]) and the Dawn Mills at [[Lower Parel]] in [[Bombay]].<ref name=marwar>{{cite news |last1=Rozario |first1=Joseph |title=The Fabled Cotton Baron Of Mumbai |url=http://www.marwar.com/the-fabled-cotton-baron-of-mumbai/ |publisher=Marwar India |date=16 October 2015 |archive-date=13 February 2023 |access-date=25 November 2019 |archive-url=https://web.archive.org/web/20230213173427/http://www.marwar.com/the-fabled-cotton-baron-of-mumbai/ |url-status=dead }}</ref><br />
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In 1959, the firm was listed on the [[Bombay Stock Exchange]]. The firm also ventured into real estate in 1987 and built [[High Street Phoenix]], [[Mumbai]].<ref name=mint/> He co-founded [[Bank of India]] in 1906.<ref name=bankofindia/><ref name=marwar/><br />
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== Further reading ==<br />
* {{cite book |author1=Thomas A. Timberg |title=The Marwaris, from Traders to Industrialists |date=1978 |publisher=Vikas |pages=182, 214 |isbn=9780706905281 |url=https://books.google.com/books?id=a_UVAQAAMAAJ&q=Ramnarain+Ruia+Cotton}}<br />
* {{cite book |author1=Prakash Narain Agarwala |title=The history of Indian business: a complete account of trade exchanges from 3000 B.C. to the present day |date=1985 |publisher=Vikas Publishing House Private |isbn=9780706926095 |page=422 |url=https://books.google.com/books?id=KKgvAAAAMAAJ&q=Ramnarain+Ruia+Cotton}}<br />
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== References ==<br />
{{reflist}}<br />
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{{DEFAULTSORT:Ruia, Ramnarain}}<br />
[[Category:Indian businesspeople in the textile industry]]<br />
[[Category:Indian industrialists]]<br />
[[Category:Businesspeople from Rajasthan]]<br />
[[Category:Marwari people]]<br />
[[Category:19th-century Indian businesspeople]]<br />
[[Category:Indian company founders]]<br />
[[Category:20th-century Indian businesspeople]]<br />
[[Category:Industrial history of India]]</div>Godrejsplender