Cowasji Jehangir Readymoney

Cowasji Jehangir Readymoney

Cowasji Jehangir Readymoney

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Sir Cowasji Jehangir Readymoney, CSI (1812–1878), was a Parsi community leader, philanthropist and industrialist of Bombay, India British Library..

Cowasji Jehangir Readymoney came from a wealthy Parsi family. His grandfather and two great-uncles had moved in the early 18th century from Navsari, near Surat, to Bombay and had become pioneers in the lucrative opium trade with China. The brothers earned the sobriquet "Readymoney," which they later adopted as a surname. Only Hirji Jewanji Readymoney left issue, two daughters, the elder of whom married a Banaji, and the younger a Dady Sett. The son of the former, Jehangir Hirji, married Mirbae, the daughter of the latter, and was made the heir not only of his grandfather, but of his two granduncles. The younger of their two sons was Cowasji Jehangir.

Business career

Cowasji Jehangir Readymoney's only formal education was at the (then) well-known school kept by Serjeant Sykes at one of Bombay's forts. At the age of 15, Readymoney entered the firm of Duncan, Gibb & Co. as "godown keeper," or warehouse clerk.

In 1837 Readymoney was promoted to the responsible and lucrative appointment of "guarantee broker" to two leading European firms in Bombay. By 1846 he was able to begin trading on his own account. In 1866 Readymoney was appointed a commissioner of income tax, his tactful...
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