The Raja Gokaldass Mills Limited


 
THE RAJA GOKALDASS MILLS LIMITED.
Share certificate printed in Black Ink. Probably started as a proprietary or partnership company in the late 19th century, it was incorporated under the Indian Companies Act 1913 after having been taken over by Sir Homi Maneck Mehta and Sheth Mangaldas G Parekh. Capital 6,00,000 rupees in 6,000 shares of 100 rupees. Later on the face value of shares was reduced to 50 rupees.
"Raja Gokuldas Mills" was set up by one Raja Gokuldas Malpani (1839 – 1909), a Marwari millionaire from Jabalpur. He later set up a chain of ginning and pressing factories at Gadarwara, Piparia, Harda, Khandwa, Wardha and more places in the Central Provinces and Berar, at Banda and Etawah in Uttar Pradesh and Multan in Punjab. In 1883, Lord Ripon, the Viceroy of India conferred the title of "Rai Bahadur" upon him and in 1889, he was given the title of Raja in recognition of his great wealth and power. His family was considered one of the wealthiest families in Central Provinces. Unfortunately, his decedents could not hold on to the wealth generated by him and it appears that they had to sell off the Mill.
The Mills were acquired by Sir Homi Maneck Mehta KCIE KBE JP (1 April 1871 – 15 April 1948) in partnership with Seth Mangaldas G Parekh of Ahmedabad. This was after the duo had joined hands to acquire the Victoria Mills Ltd in 1904 and Jubilee Mills. Raja Gokaldas Mills was converted in to Limited Company and it appears that the first and only issue of shares was made in 1918. The Managing Agents of the company were Mangaldas Mehta & Co (probably a partnership between Sheth Mangaldas Girdhardas Parekh and Sir Homi Maneck Mehta)
The company was making excellent progress till the 1920's but I have not been able to find any information on the company thereafter.

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