Wadia chose not to renew his contract as Managing Director of the company, that expired on March 31, 2021, Bombay Dyeing said in a regulatory filing.
It is one of the smallest players in the Indian aviation space, with a 7.6 percent market share and that is its biggest advantage as it helps it adapt to fluctuations in the aviation space, says Go Air managing director Jeh Wadia.
With business in his blood, Jeh Wadia from the illustrious Wadia Group, has dabbled in a multitude of businesses like music and IT besides learning the ropes in the family business.
Bombay Dyeing announced its first-quarter results. Though sales grew 21%, the company posted a loss in due to its PSF and textile divisions.
In an interview with CNBC-TV18, Jeh Wadia, managing director of Bombay Realty spoke about the company’s plan to lower debt in the period of 3-5 years.
In an interview with CNBC-TV18, Jeh Wadia, managing director of Bombay Realty spoke about the company’s plan to lower debt in the period of 3-5 years, and also about the land bank of 10,000 acres which the company holds across the country. He also states how Britannia-Bombay Realty JV plans to develop 7-8 acres in Bangalore.
CNBC-TV18’s Tanvi Shukla reports that Jeh Wadia, the joint Managing Director of Bombay Dyeing plans to focus on real estate and de-focusing from textiles and focusing more on retail part of the business.