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Vithal Balkrishna Gandhi: Difference between revisions
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{{Short description|Indian businessman and politician}} | |||
{{Use dmy dates|date=December 2015}} | {{Use dmy dates|date=December 2015}} | ||
{{Use Indian English|date=December 2015}} | {{Use Indian English|date=December 2015}} | ||
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==Career== | ==Career== | ||
V.B. Gandhi's initial business venture was an investment he made along with his friend, Shantilal Parekh, in the business of cashew imports which wiped out his entire savings and forced him to return to India. On his return, he began working as a professor at Wilson College. During the same time he continued his association with his friend Shantilal Parekh, and together they managed to secure contracts for trade in medical products and radio accessories. Due to expanding business the need to source more funds forced Vithal to travel overseas and raise necessary capital. Vithal and Parekh got their venture incorporated and named it "American Products Company Ltd.". This was one of the first corporations of India. Vithal travelled to the US for sourcing business for a period of one year and on his return he found misappropriation of company funds by Parekh. Parekh was made to exit the company and Vithal took the reins of the corporation into his own hands and paid | V.B. Gandhi's initial business venture was an investment he made along with his friend, Shantilal Parekh, in the business of cashew imports which wiped out his entire savings and forced him to return to India. On his return, he began working as a professor at Wilson College. During the same time he continued his association with his friend Shantilal Parekh, and together they managed to secure contracts for trade in medical products and radio accessories. Due to expanding business the need to source more funds forced Vithal to travel overseas and raise necessary capital. Vithal and Parekh got their venture incorporated and named it "American Products Company Ltd.". This was one of the first corporations of India. Vithal travelled to the US for sourcing business for a period of one year and on his return he found misappropriation of company funds by Parekh. Parekh was made to exit the company and Vithal took the reins of the corporation into his own hands and paid off American creditors in the years to come. The company continued to grow and in 1932 acquired the agency for Atomidine from [[Sunker Bhisey]]. In 1933 many more agencies were acquired. | ||
Vithal began to connect with other corporations to add to the list of agencies to his company. USV&P Inc. welcomed his queries and registered in India considerable number of patents including special medications for diabetes which were imported by American Products Company Ltd. With this V.B. Gandhi became the pioneer in India in field of unique pharmaceutical products. In 1942, V.B. Gandhi became a member of the Indian Merchants Chamber. | Vithal began to connect with other corporations to add to the list of agencies to his company. USV&P Inc. welcomed his queries and registered in India considerable number of patents including special medications for diabetes which were imported by American Products Company Ltd. With this V.B. Gandhi became the pioneer in India in field of unique pharmaceutical products. In 1942, V.B. Gandhi became a member of the Indian Merchants Chamber. | ||
Soon after India achieved independence and V.B. Gandhi had helped in setting up a sound state transport system, his business began to focus on pharmaceuticals. In 1947, due to import restrictions and tight currency conversion norms, V.B. Gandhi requested USV&P Inc. to permit the manufacture of some of their products in India, which was however rejected at the time. The focus on pharmaceuticals had begun to emerge shaping the future of the company. Vithal's son Arvind joined his father in business in 1952. USV&P Inc. had proposed to send bulk containers of their medications to India, which would be packed into smaller packs by American Products Company Ltd. Later after much persuasion USV&P agreed to transfer technology for manufacturing to India. Gradually, Vithal and Arvind Gandhi established a manufacturing unit to manufacture USV&P Inc.’s products in India. | Soon after India achieved independence and V.B. Gandhi had helped in setting up a sound state transport system, his business began to focus on pharmaceuticals. In 1947, due to import restrictions and tight currency conversion norms, V.B. Gandhi requested USV&P Inc. to permit the manufacture of some of their products in India, which was however rejected at the time. The focus on pharmaceuticals had begun to emerge shaping the future of the company. Vithal's son Arvind joined his father in business in 1952. USV&P Inc. had proposed to send bulk containers of their medications to India, which would be packed into smaller packs by American Products Company Ltd. Later after much persuasion USV&P agreed to transfer technology for manufacturing to India. Gradually, Vithal and Arvind Gandhi established a manufacturing unit to manufacture USV&P Inc.’s products in India. In 1960, [[USV Private Limited|U.S. Vitamins & Pharmaceutical Corporation (India) Ltd]]. was incorporated with equal share holding between USV&P and the Gandhi family. V.B. Gandhi handed over the reins of the business to Arvind Gandhi in the year 1960. | ||
==Political career and contribution== | ==Political career and contribution== | ||
V.B. Gandhi had been an admirer of [[Lala Lajpat Rai]] and [[Mahatma Gandhi]], but he found his loyalties divided when Rai decided to break away from the Congress Party. During the same time, the mill | V.B. Gandhi had been an admirer of [[Lala Lajpat Rai]] and [[Mahatma Gandhi]], but he found his loyalties divided when Rai decided to break away from the Congress Party. During the same time, the mill workers' condition had grabbed his attention and he continued his social work in this direction. In recognition of his social involvement with the workers, V.B. Gandhi was given and honorary title in the Congress Party of "Dr. V.B. Gandhi" by S.K. Patil, the chairperson of Bombay Provincial Congress Committee. He was an integral part of all the major nationalist movements by the Congress party during this time. Vithal was praised by Mahatma Gandhi for his active involvement with the mill workers association. | ||
In 1938, V.B. Gandhi was offered a ticket for the BMC elections which he accepted. Vithal won the BMC elections in 1939. For the next 12 years, he managed his corporation and his political roles. Vithal served three terms at the BMC and of these three; twice he also chaired the committees. Outside the BMC, V.B. Gandhi chaired the committee for Public Transportation, was a member on the BEST and was the chairman of the Sewri Cotton Kamgar Union. | In 1938, V.B. Gandhi was offered a ticket for the BMC elections which he accepted. Vithal won the BMC elections in 1939. For the next 12 years, he managed his corporation and his political roles. Vithal served three terms at the BMC and of these three; twice he also chaired the committees. Outside the BMC, V.B. Gandhi chaired the committee for Public Transportation, was a member on the BEST and was the chairman of the Sewri Cotton Kamgar Union. | ||