Jeh Wadia steps down as managing director of Bombay Dyeing & Manufacturing

Bombay Dyeing and Manufacturing Company Ltd on Thursday said its Managing Director Jeh Wadia has stepped down and as an interim measure its day-to-day management would be looked after by the CEO and CFO of the company.

Jeh Wadia, whose term expired on March 31, has held the position since April 2011.

“In keeping with the objective of professionalisation of the management, Jeh Wadia, MD of The Bombay Dyeing and Manufacturing Company Ltd has stepped down and will not be renewing his contract as Managing Director of the company which has expired on March 31, 2021, the company said in a regulatory filing.

It further said CEO Suresh Khurana and CFO Hitesh Vora would look after the day-to-day management and work under the supervision of Minnie Bodhanwala, a Director of the company.

Besides, the Strategic Committee’ of the board of directors of the company comprising its Chairman Nusli N Wadia and independent directors

Vinesh Jairath and Sunil Lalbhai, will continue to provide suitable guidance as done hitherto, it added.

Jeh Wadia, son of Chairman Nusli Wadia, had earlier in March this year, stepped down as the Managing Director of Wadia Group-controlled airlines GoAir.

At the time of his stepping down, the airlines had said the key element of the plan was to strengthen the management of the company by bringing on-board proven industry professionals, a strategy that has worked well for the group in its other ventures including Britannia.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor