Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale
- Wadia who manages various businesses from biscuits-to-textiles-to-airlines, sued his childhood friend,
Ratan Tataafter Tata group removed him as the independent director of Tata Motorsfor supporting Mistry.
- Wadia, who was once called as the epitome of South Bombay’s old money and genteel respectability, has been a part of many corporate brawls during 1970s and 1980s.
- One of the many first corporate fights was with his father,
Neville Wadia, who was the chairman of Wadia Group.
- Then the next battle was against the Ambanis.
Wadia who manages various businesses from biscuits-to-textiles-to-airlines, sued his childhood friend, Ratan Tata. While the Mistry-Tata war was at its zenith, Wadia threw his weight behind Mistry. As a result, the Tata group removed him as the independent director of Tata Motors.
Wadia filed a defamation case against Ratan Tata and his Tata group. He claims that he “never entered any dispute unless he felt wrong”. And, for three years the case went on during which time his net worth doubled from $3.5 billion to $7billion in 2019, according to Forbes.
Here’s how things unfolded for Nusli Wadia , who stood against Ratan Tata: