Ashutosh Agashe (born 21 October 1972) is an Indian cricket player and businessman. He played the
Ranji Trophy
The Ranji Trophy (also known as Mastercard Ranji Trophy for sponsorship reasons) is a domestic first-class cricket championship played in India between multiple teams representing regional and state cricket associations. Board of Control for Cr ...
for the
Maharashtra cricket team
The Maharashtra cricket team is a domestic cricket team that represents Maharashtra state in domestic cricket of India. It is govern by Maharashtra Cricket Association. It plays its home matches at Maharashtra Cricket Association Stadium in Pune ...
from 1996 to 1999. He has served as the managing director of
Brihan Maharashtra Sugar Syndicate Ltd.
The Brihan Maharashtra Sugar Syndicate Ltd. is an Indian sugar company headquartered in Pune, Maharashtra, India. Established in 1934, it is one of the oldest companies in India.
History Under Chandrashekhar Agashe: 1934 — 1956
In 1933, th ...
since 1996.
Biography
Early life and family: 1972 – 1996
Agashe was born in
Pune
Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...
,
Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...
on 21 October 1972, into an aristrocratic
Chitpavan
The Chitpavan Brahmin or Konkanastha Brahmin is a Hindu Maharashtrian Brahmin community inhabiting Konkan, the coastal region of the state of Maharashtra. Initially working as messengers and spies in the late seventeenth century, the community ...
brahmin
Brahmin (; sa, ब्राह्मण, brāhmaṇa) is a varna as well as a caste within Hindu society. The Brahmins are designated as the priestly class as they serve as priests (purohit, pandit, or pujari) and religious teachers (guru ...
family of industrialist
Dnyaneshwar Agashe
Dnyaneshwar Agashe ( mr, ज्ञानेश्वर आगाशे; IAST: Jñāneśvara Āgāśe; 17 April 1942 – 2 January 2009) was an Indian businessman, cricketer, cricket administrator and philanthropist. He is best remembered for f ...
of the
Agashe
Agashe ( mr, आगाशे; IAST: ''Āgāśe'') is a surname used by Chitpavan Brahmins of the Kaushik gotra in the Marathi-populated Deccan in India and by the Chitpavan Brahmin diaspora across the globe.
People
*Ashutosh Agashe (born 1972), a ...
''
gharana
In Hindustani music (North Indian classical music), a ''gharānā'' is a system of social organisation in the Indian subcontinent, linking musicians or dancers by lineage or apprenticeship, and more importantly by adherence to a particular mus ...
'' of
Mangdari
Mangdari is a village in Velhe Taluka in the Pune District of Maharashtra, India.
Geography
Mangdari is located at . It has an average elevation of 549 metres. It belongs to Desh or Paschim Maharashtra region. It belongs to the Pune Divi ...
, and wife Rekha Gogte, of the Gogte ''gharana'' of
Belgaum
Belgaum (ISO 15919, ISO: ''Bēḷagāma''; also Belgaon and officially known as Belagavi) is a city in the Indian state of Karnataka located in its northern part along the Western Ghats. It is the administrative headquarters of the eponymous ...
.
Through his father, Agashe is a grandson of
Chandrashekhar Agashe, a nephew of
Panditrao Agashe
Jagdish "Panditrao" Agashe (8 March 1936 – 16 November 1986) was an Indian businessman, best remembered for succeeding his father Chandrashekhar Agashe as the joint managing director of the Brihan Maharashtra Sugar Syndicate Ltd. from 1970 t ...
, a younger brother of
Mandar Agashe
Mandar Agashe ( mr, मंदार आगाशे; IAST: Maṃdāra Āgāśe; born 24 May 1969) is an Indian businessman, music director, and former musician. Best known for having founded Sarvatra Technologies in 2000, he was one of the dire ...
, of distant relation to
Third Anglo-Maratha War
The Third Anglo-Maratha War (1817–1819) was the final and decisive conflict between the English East India Company and the Maratha Empire in India. The war left the Company in control of most of India. It began with an invasion of Maratha te ...
general
A general officer is an Officer (armed forces), officer of highest military ranks, high rank in the army, armies, and in some nations' air forces, space forces, and marines or naval infantry.
In some usages the term "general officer" refers t ...
Bapu Gokhale
Bapu Gokhale was army chief (Senapati) of the Marathas in the Third Anglo-Maratha War.
Early life
Gokhale was born Narhar Ganesh Gokhale into the Chitpavan brahmin Gokhale ''gharana'' of Tale Khajan.
Career
Gokhale was appointed commander-in ...
, musician
Ashutosh Phatak
Ashutosh Phatak is a composer, producer, multi-instrumentalist and entrepreneur based in Mumbai. He is one of the founding partners of live music chain blueFROG, co-founder of The True School of Music, and one of the co-founders of The Quarter.
...
, historian
Dinkar G. Kelkar
Dinkar Gangadhar Kelkar (January 10, 1896 – March 17, 1990) was an Indian writer, editor, art collector and historian. He is best remembered for establishing the Raja Dinkar Kelkar Museum in Pune.
Biography
Born on January 10, 1896, into th ...
, and scientist
P. K. Kelkar. Through his mother, he is a great-nephew of
B. M. Gogte,
a descendant of the aristocratic
Latey (Bhagwat) family, and of relation to
Kokuyo Camlin
Kokuyo Camlin Ltd., formerly known as "Camlin Ltd.", is an Indian Multinational stationery manufacturing company based in Mumbai. The company shares profits with of Japan, which holds around 51% stake in Kokuyo Camlin after buying it in 2012 ...
head
Dilip Dandekar
Dilip Dandekar was the chairman and managing director of Kokuyo Camlin Ltd., taking office from June 1, 2002. He joined Camlin Ltd. as a management trainee under his father, D. P. Dandekar and uncle, G. P. Dandekar, who were the founders of the ...
, and academic
Jyoti Gogte.
Agashe graduated with a
B.Com
A Bachelor of Commerce (abbreviated BComm or BCom; also, ''baccalaureates commercii'') is an undergraduate degree in business, usually awarded in Canada, Australia, India, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanma ...
degree from the
Brihan Maharashtra College of Commerce
Brihan Maharashtra College of Commerce, Pune is a college affiliated to Savitribai Phule Pune University (formerly Pune University) in the city of Pune, Maharashtra. The college was established in 1943, in Pune by the Deccan Education Society. ...
. He represented his college in their
cricket
Cricket is a bat-and-ball game played between two teams of eleven players on a field at the centre of which is a pitch with a wicket at each end, each comprising two bails balanced on three stumps. The batting side scores runs by striki ...
team. He married Shalini Phadke in 1997; she is a maternal granddaughter of the last ruler of the
Kurundwad Junior
Kurundvad Junior, also spelt as 'Kurundwad', was of two Maratha princely states during the British Raj: ' Kurundvad Senior' and Kurundvad Junior. The two states separated in 1854 and less than a century later, on 8 March 1948, both states accede ...
princely state
A princely state (also called native state or Indian state) was a nominally sovereign entity of the British Raj, British Indian Empire that was not directly governed by the British, but rather by an Indian ruler under a form of indirect rule, ...
from the
Patwardhan Dynasty
The Patwardhan dynasty was an Indian dynasty established by the Chitpavan Brahmin Patwardhan family, ruling several parts of the Maratha Empire from 1733 till 1948, when it acceded to the Dominion of India. At its peak, various branches of the ...
.
Career in cricket: 1996 – 2000
Beginning in 1996, he played
First class and
List A
List A cricket is a classification of the limited-overs (one-day) form of the sport of cricket, with games lasting up to eight hours. List A cricket includes One Day International (ODI) matches and various domestic competitions in which the numbe ...
cricket. His batting style was the
right-hand bat and his bowling style was
right-arm medium.
From 1997 to 1999, he represented his home state of
Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...
in the
Ranji Trophy
The Ranji Trophy (also known as Mastercard Ranji Trophy for sponsorship reasons) is a domestic first-class cricket championship played in India between multiple teams representing regional and state cricket associations. Board of Control for Cr ...
and played for the
Maharashtra cricket team
The Maharashtra cricket team is a domestic cricket team that represents Maharashtra state in domestic cricket of India. It is govern by Maharashtra Cricket Association. It plays its home matches at Maharashtra Cricket Association Stadium in Pune ...
,
having been selected for a four-day fixture for the Ranji Trophy by the MCA in 1998. He also played for the Belfast Cricket League at Creevedonnell Cricket Club in
Derry
Derry, officially Londonderry (), is the second-largest city in Northern Ireland and the fifth-largest city on the island of Ireland. The name ''Derry'' is an anglicisation of the Old Irish name (modern Irish: ) meaning 'oak grove'. The ...
in 1999. He left List A cricket in 2000.
Career in business: 2000 – present
Agashe had begun as a
director
Director may refer to:
Literature
* ''Director'' (magazine), a British magazine
* ''The Director'' (novel), a 1971 novel by Henry Denker
* ''The Director'' (play), a 2000 play by Nancy Hasty
Music
* Director (band), an Irish rock band
* ''Di ...
at Brima Finance in 1994, before joining his father on the
board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
at the
Brihan Maharashtra Sugar Syndicate Ltd.
The Brihan Maharashtra Sugar Syndicate Ltd. is an Indian sugar company headquartered in Pune, Maharashtra, India. Established in 1934, it is one of the oldest companies in India.
History Under Chandrashekhar Agashe: 1934 — 1956
In 1933, th ...
in 1996.
Beginning in 1998, under Agashe and his father, the syndicate began marketing
ayurvedic
Ayurveda () is an alternative medicine system with historical roots in the Indian subcontinent. The theory and practice of Ayurveda is pseudoscientific. Ayurveda is heavily practiced in India and Nepal, where around 80% of the population rep ...
medicines, health care products, and bulk raw materials, manufacturing
food products
Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is inge ...
and
veterinary
Veterinary medicine is the branch of medicine that deals with the prevention, management, diagnosis, and treatment of disease, disorder, and injury in animals. Along with this, it deals with animal rearing, husbandry, breeding, research on nutri ...
medicine, promoting ayurvedic
skincare products made by its sister company, Brihans Natural Products Ltd. in 2000, and manufacturing alcohol-based chemicals by 2002. In September 2000, he was appointed joint managing director of the syndicate.
In 2003, he was made a selector at the
Maharashtra Cricket Association
The Maharashtra Cricket Association (Marathi: महाराष्ट्र क्रिकेट संघटणा) is the governing body of the cricket activities in the Maharashtra state of India and the Maharashtra cricket team. It is affili ...
(at the time, chaired by his father) which raised
nepotism
Nepotism is an advantage, privilege, or position that is granted to relatives and friends in an occupation or field. These fields may include but are not limited to, business, politics, academia, entertainment, sports, fitness, religion, an ...
concerns and drew in criticism for the association. In 2004, Agashe was part of his father's Maharashtra Cricket Association committee as a representative for the Club of Maharashtra, and worked as his father's aide during the controversial elections at the
Board of Control for Cricket in India
The Board of Control for Cricket in India (BCCI) is the national governing body for cricket in India. Its headquarters are situated at Cricket centre, Wankhede Stadium in Mumbai. The BCCI is the richest governing body of cricket in the world ...
, when his father was not allowed to vote as
vice president
A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on t ...
of the board due to alleged
factionalism.
In 2005, under him, the syndicate entered a partnership with Howling Wolves Wine Group of
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
which planned to set up a
wine production
Winemaking or vinification is the production of wine, starting with the selection of the fruit, its fermentation into alcohol, and the bottling of the finished liquid. The history of wine-making stretches over millennia. The science of wine and w ...
base in India.
At the time, he was joint managing director at the syndicate. Between 2004 and 2005, he was elected the
chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
of
Suvarna Sahakari Bank. and served as chairman when the bank was put under
moratorium by the
Reserve Bank of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...
in 2006. In 2007, he received the
DSK Group Energy Award of 2007 for corporate implementation of energy efficiency improvement measures.
In 2008, Agashe was one of the directors implicated in
Suvarna Sahakari Bank's alleged scam. His parents, aunt and brother were taken under
judicial custody
The judiciary (also known as the judicial system, judicature, judicial branch, judiciative branch, and court or judiciary system) is the system of courts that adjudicates legal disputes/disagreements and interprets, defends, and applies the law ...
, during which time his father died in January 2009. He was subsequently released on
bail
Bail is a set of pre-trial restrictions that are imposed on a suspect to ensure that they will not hamper the judicial process. Bail is the conditional release of a defendant with the promise to appear in court when required.
In some countries ...
that same month. The bank's merger with the
Indian Overseas Bank
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It has about 3,214 domestic branches, about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin object ...
was finalised by the
Reserve Bank of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...
later that same year.
Since 2009, Agashe has been director at Agashe Brothers Financing Company, and since 2010, director at Baumgarten and Wallia. In August 2009, he was appointed
chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
and
managing director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
of the Brihan Maharashtra Sugar Syndicate. In 2015, he conceived the Dnyaneshwar Agashe Trophy as the highest award of merit at the Poona Youth Club's annual cricket tournament, the PYC Premier League, in honor of his father. In May 2021, during the
COVID-19 pandemic in India
The COVID-19 pandemic in India is a part of the worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). As of , according to Indian government figures, India has the second-highest n ...
, Agashe donated
oxygen concentrator
An oxygen concentrator is a device that concentrates the oxygen from a gas supply (typically ambient air) by selectively removing nitrogen to supply an oxygen-enriched product gas stream. They are used industrially and as medical devices for oxy ...
s to hospitals in
Shreepur, Maharashtra
Shreepur is a village in Malshiras Taluka in the Solapur District of Maharashtra, India.
Geography
Shreepur is located at . It has an average elevation of 493 metres. It comes under Mahalung Panchayath. It belongs to Desh, Maharashtra, D ...
.
References
Further reading
*
External links
*
{{DEFAULTSORT:Agashe, Ashutosh
1972 births
Marathi people
Indian cricketers
Businesspeople from Pune
Businesspeople from Maharashtra
Living people
Cricketers from Pune
Indian Hindus
20th-century Indian businesspeople
21st-century Indian businesspeople