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Before the British came the most powerful families in the region were Sheths and Basacks, the merchants of yarn and cloth market at Sutanuti. With the arrival of the British these families flourished with renewed vigour. Janardan Sheth was a trading agent of the British. [[Shobharam Basack]] (1690–1773) became a millionaire by supplying textiles to East India Company.<ref name="thegangeswalk1">http://thegangeswalk.com/sobharam-bysack-the-lost-icon-of-bengal/</ref><ref name = "Deb">Deb, Chitra, ''The ‘Great Houses’ of Old Calcutta'', in ''Calcutta, the Living City'', Vol I, pp. 56-60.</ref> | Before the British came the most powerful families in the region were Sheths and Basacks, the merchants of yarn and cloth market at Sutanuti. With the arrival of the British these families flourished with renewed vigour. Janardan Sheth was a trading agent of the British. [[Shobharam Basack]] (1690–1773) became a millionaire by supplying textiles to East India Company.<ref name="thegangeswalk1">http://thegangeswalk.com/sobharam-bysack-the-lost-icon-of-bengal/</ref><ref name = "Deb">Deb, Chitra, ''The ‘Great Houses’ of Old Calcutta'', in ''Calcutta, the Living City'', Vol I, pp. 56-60.</ref> | ||
The earliest names floating around are those of Mukundaram Sheth, who lived in the earlier part of sixteenth century and moved from [[Saptagram]] to Gobindapur. When Gobindapur was demolished the Sheths moved to Sutanati Haat or Barabazar. Thereafter, the most important name is that of Janardan Sheth. He was the son of Kenaram Sheth (Kiranchandra Sheth according to some) and had two brothers, Baranasi and Nandaram. Janardan Sheth's son Biashnabcharan Sheth had a roaring business of selling bottled Ganges water.<ref>{{harvnb|Patree|1995| | The earliest names floating around are those of Mukundaram Sheth, who lived in the earlier part of sixteenth century and moved from [[Saptagram]] to Gobindapur. When Gobindapur was demolished the Sheths moved to Sutanati Haat or Barabazar. Thereafter, the most important name is that of Janardan Sheth. He was the son of Kenaram Sheth (Kiranchandra Sheth according to some) and had two brothers, Baranasi and Nandaram. Janardan Sheth's son Biashnabcharan Sheth had a roaring business of selling bottled Ganges water.<ref>{{harvnb|Patree|1995|pp=135–139}}</ref> | ||
The Marwaris ousted the Sheths and Basacks as cloth merchants and changed the name of old Sutanuti haat or market to Barabazar.<ref name = "Nair"/> Even after that some of them continued to have business ties. [[Radhakrishna Basak]] (d. 1811),<ref>{{cite web|url=http://thegangeswalk.com/sovaram-bysack-a-legacy-that-holds-on-till-today/ |title=Sovaram Bysack – A Legacy that holds on till today – Episode 4 – The Ganges Walk |publisher=Thegangeswalk.com |date=2018-10-01 |access-date=2020-10-20}}</ref> descendant of Shobharam Basak was Dewan of the Bank of Bengal,<ref name="thegangeswalk1"/> but the leading business families of the eighteenth century switched to investments in urban property. While Shobharam Basak left thirty-seven houses to his heirs.<ref name="thegangeswalk1"/> Ramkrishna Sheth left sixteen in Barabazar alone.<ref>Bhattacharya, Sabyasachi, ''Traders and Trades in Old Calcutta'', in ''Calcutta, the Living City'', Vol I, P. 206.</ref> The Sheths and the Basacks began to decline from the mid-eighteenth century – just as Kolkata began to grow into a large city.<ref name = "Deb"/> | The Marwaris ousted the Sheths and Basacks as cloth merchants and changed the name of old Sutanuti haat or market to Barabazar.<ref name = "Nair"/> Even after that some of them continued to have business ties. [[Radhakrishna Basak]] (d. 1811),<ref>{{cite web|url=http://thegangeswalk.com/sovaram-bysack-a-legacy-that-holds-on-till-today/ |title=Sovaram Bysack – A Legacy that holds on till today – Episode 4 – The Ganges Walk |publisher=Thegangeswalk.com |date=2018-10-01 |access-date=2020-10-20}}</ref> descendant of Shobharam Basak was Dewan of the Bank of Bengal,<ref name="thegangeswalk1"/> but the leading business families of the eighteenth century switched to investments in urban property. While Shobharam Basak left thirty-seven houses to his heirs.<ref name="thegangeswalk1"/> Ramkrishna Sheth left sixteen in Barabazar alone.<ref>Bhattacharya, Sabyasachi, ''Traders and Trades in Old Calcutta'', in ''Calcutta, the Living City'', Vol I, P. 206.</ref> The Sheths and the Basacks began to decline from the mid-eighteenth century – just as Kolkata began to grow into a large city.<ref name = "Deb"/> | ||