Skip to main content

Brihan Maharashtra Sugar Syndicate Ltd. (BMSS Ltd.)

  • The Brihan Maharashtra Sugar Syndicate Ltd.
Sort Name
Brihan Maharashtra Sugar Syndicate Ltd.
Type
Publisher
Area
Pune
Date Founded
1934-09-21
Date Dissolved
?

Wikipedia

The Brihan Maharashtra Sugar Syndicate Ltd. is an Indian sugar company headquartered in Pune, Maharashtra, India. Established on 21 September 1934, it is one of the oldest continuously operating companies in India, and is the namesake of the Brihan Maharashtra College of Commerce.

Founded by Chandrashekhar Agashe as a limited liability company through crowdfunding, the syndicate was initially supported by sugar manufacturing policies of the Bombay Presidency and by some princely states of the Deccan States Agency between 1934 and 1938, with its first factory being operational by 1939. During the Second World War, the syndicate planting food crops as demanded by the British Raj. Following Indian independence in 1947 and up until Agashe's death in 1956, the syndicate received criticism from its competitors for its business administration and Agashe personally for his management style.

Beginning in the 1950s, the syndicate was managed in a decentralised system until the maturity of Agashe's heirs Jagdish and Dnyaneshwar Agashe, and lost significant portions of its agricultural land to the socialist land nationalisation policies of the Indian government in the 1960s. In the 1970s, the syndicate was one of the first companies to manufacture Indian-made foreign liquor after the Government of Maharashtra repealed prohibition, until it sold its liquor manufacturing arm to Radico Khaitan in 2013. Operating as a cooperative since 1988, the syndicate has also ventured into manufacturing veterinary medicine, health care products, and Ayurvedic skincare products directly or under its subsidiaries since the 1990s.

Continue reading at Wikipedia... Wikipedia content provided under the terms of the Creative Commons BY-SA license

Editions

NameAuthor CreditsFormatISBNRelease Date
Vishwasta – The Trustee: The Life of Industrialist Chandrashekhar AgasheShakuntala Karandikar, Nandan Phadnis & Aditya AgashePaperback97805783558632022-02-14
Putra Vishwastacha: A Festschrift to Dnyaneshwar AgasheRamesh Barve, Taraprakash Vartak, Sharatchandra Belvalkar, Nandan Phadnis & Aditya AgashePaperback97805782922502022-04-17
Add Edition

Identifiers

VIAF
9590150470106804330001
Wikidata ID
Q28171804

Related Collections

This entity does not appear in any public collection.
Click the "Add to collection" button below to add it to an existing collection or create a new one.


Last Modified
2022-06-27