Sanjiv Mehta

Sanjiv Mehta (born October 1961) is an India-born British businessman. He is the owner of "The East India Company", which he launched in 2010, presenting it as a revival of the historic East India Company that was dissolved in 1874.[1][2]

Early life

Sanjiv Mehta was born in a Gujarati family in Mumbai, India. His grandfather Gafurchand Mehta lived in Belgium in the 1920s, and started a diamond trading business. Sanjiv Mehta's father Mahendra was born in Antwerp in 1933, but Gafurchand brought the family back to India in 1938.[1]

Mehta graduated from Sydenham College Mumbai,[3] and also attended the Gemological Institute of America in Los Angeles.[1]

Business career

Mehta joined his father's diamond business in 1983.[3] While his elder brother Rajiv focused on industrial diamonds, Sanjiv focused on the jewelry business. He marketed this business at industry exhibitions in the Gulf states, Hong Kong and the United States. He also established a mail order trading business in India, in partnership with Diners Club.[1]

In 1989, Mehta left India for London, finding it hard to expand his business in the pre-liberalization era. In London, he set up a mail order business, selling UK-made household products within the country. Subsequently, he bought a scrapeyard in Newcastle upon Tyne, and started selling steel to small plants in India. His father-in-law Jasubhai Shah had been selling pharmaceutical products in the Soviet Union, which helped Mehta establish a trade there as well. The new business involved buying heavy crude oil from Mangyshlak in Kazakhstan, transporting it to a Black Sea port using a leased railway line and then shipping it to Genoa, Italy. Once the oil prices started rising, bigger companies showed interest in Kazakhstan, forcing Mehta to move out. He exported Hindustan Unilever products to Russia. Subsequently, he deal in different types of goods, operating out of Taipei, Houston, Tehran and Dubai.[1]

The East India Company

In mid-2000s, Mehta bought majority stake in several companies that had been renamed or newly incorporated with names similar to the historical East India Company in the early 2000s, with Graeme David Robert Clissold, Timothy Vaughan Meadows-Smith and others as their Directors.[4][5] For example, new companies called "The East India Company Tea Bars Limited" and "The East India Company Tea Rooms Limited" had been founded in 2000, with Clissold and Meadows-Smith as their officers.[6][7] Similarly, Edgerton International (founded in 1992) had been renamed to "The East India Company Limited", after Clissoid and Meadows-Smith became its officers in 2002.[8]

Mehta gradually bought stakes in these companies over a period of 18 months, buying out the last investor in 2006.[1] He states that he purchased the business from 30-40 owners in 2005.[9][10]

According to Mehta, in the 1980s, some British investors sought approval from the British government to start a new company with same title as that of the historical East India Company, which had ceased to exist in 1874. In a 2011 interview, Mehta did not name these individuals, but claimed that they had secured the rights to the original East India Company's assets, such as its coat of arms and merchant's mark. According to him, these investors operated the company as a hobby, and contacted him to "streamline their distribution network". He then decided to take over this company. Mehta further states that after buying these companies, he took a one-year break from his other businesses, and travelled around the world to learn about the historic East India Company's heritage.[1]

In 2010, he Mehta re-launched the business as a purported revival of the historic East India Company, operating in the luxury retail space.[1] He also established (or renamed) several subsidiary companies with "East India Company" in their names:

By 2011, Mehta had invested around £20 million in the new business.[1] Mehta's business also attracted investment from other companies including the India-based Mahindra Group (2011)[32] and the UAE-based Lulu Group (2014).[33]

Personal life

Mehta currently lives in London along with his wife Amee (a trained microbiologist), their son Arjun and daughter Anoushka.[1][34]

References

  1. 1 2 3 4 5 6 7 8 9 10 Salil Tripathi (1 September 2011). "Company Man". Caravan.
  2. ↑ "East India Company returns after 135-year absence". BBC. Retrieved 1 May 2015.
  3. 1 2 "East India Co is back, with Indian owner". The Times of India. Retrieved 1 May 2015.
  4. ↑ "Timothy Vaughan Meadows-Smith". Companies House. Retrieved 5 February 2015.
  5. ↑ "Graeme David Robert Clissold". Companies House. Retrieved 5 February 2015.
  6. 1 2 "The East India Company Limited". Companies House. Retrieved 5 February 2015.
  7. 1 2 "The East India Company Restaurants Ltd.". Companies House. Retrieved 5 February 2015.
  8. 1 2 "The Honourable East India Company Ltd.". Companies House. Retrieved 5 February 2015.
  9. ↑ "East India Company now has an Indian owner". The Hindustan Times. Retrieved 1 May 2015.
  10. ↑ "An Indian now owns East India Company". SME Times. Retrieved 1 May 2015.
  11. ↑ "East India Company (Publishing) Ltd". Companies House. Retrieved 5 February 2015.
  12. ↑ "The East India Company Fine Foods (Conduit Street) Ltd". Companies House. Retrieved 5 February 2015.
  13. ↑ "The East India Company Fashion Limited". Companies House. Retrieved 5 February 2015.
  14. ↑ "The East India Company Drinks Limited". Companies House. Retrieved 5 February 2015.
  15. ↑ "The East India Company Financial Services Limited". Companies House. Retrieved 5 February 2015.
  16. ↑ "The East India Company Fine Foods (Conduit Street) Ltd". Companies House. Retrieved 5 February 2015.
  17. ↑ "The East India Company Sailing Limited". Companies House. Retrieved 5 February 2015.
  18. ↑ "The East India Company Management Services Limited". Companies House. Retrieved 5 February 2015.
  19. ↑ "The English East India Company Ltd.". Companies House. Retrieved 5 February 2015.
  20. ↑ "The East India Company Home Limited". Companies House. Retrieved 5 February 2015.
  21. ↑ "The East India Company Travel Limited". Companies House. Retrieved 5 February 2015.
  22. ↑ "The East India Company Trading Limited". Companies House. Retrieved 5 February 2015.
  23. ↑ "The East India Trading Company Limited". Companies House. Retrieved 5 February 2015.
  24. ↑ "The East India Company Lifestyle Limited". Companies House. Retrieved 5 February 2015.
  25. ↑ "The East India Company Natural Resources Ltd". Companies House. Retrieved 5 February 2015.
  26. ↑ "The East India Company Bullion Ltd". Companies House. Retrieved 5 February 2015.
  27. ↑ "The East India Company Great Exhibition Ltd". Companies House. Retrieved 5 February 2015.
  28. ↑ "The East India Company Spirits Limited". Companies House. Retrieved 5 February 2015.
  29. ↑ "The East India Company Cigars Limited". Companies House. Retrieved 5 February 2015.
  30. ↑ "The East India Company Hospitality Limited". Companies House. Retrieved 5 February 2015.
  31. ↑ "The East India Company Gin Limited". Companies House. Retrieved 5 February 2015.
  32. ↑ "Mahindra buys minority stake in East India Company". Business Standard. 24 January 2011.
  33. ↑ Sananda Sahoo (9 October 2014). "Lulu launches into luxury sector with investment in UK's East India Company". The National.
  34. ↑ "Fame and fortune: I'm betting on soaring gold price". The Sunday Times UK. Retrieved 1 May 2015.
This article is issued from Wikipedia - version of the 9/23/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.