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Premchand Roychand
Premchand Roychand
was a 19th-century Indian businessman known as the "Cotton King" and "Bullion King" from Bombay.

Contents

1 Life 2 Further reading 3 References 4 External links

Life[edit] Born in 1831 he was the son of Roychand Dipchand, a Dasa Oswal Jain, a merchant from Surat. The Roychand family moved to Bombay
Bombay
when Premchand was a young boy. He was educated at Elphinstone College. Recorded as the first Indian broker able to speak, read and write English, he entered the lists as a stock broker in 1849. Apart from the capital markets, Premchand Roychand
Premchand Roychand
had significant business interests in the cotton and bullion trades along with the stock market. He was a founding member of The Native Share & Stock Brokers Association which is now Bombay
Bombay
Stock Exchange, the second largest stock exchange of India.[1] He earned significant profits from the cotton boom which was triggered by the start of the American Civil War in April 1861 which stayed till 1865.[1][2][3][4] He lost the majority of his fortune in the Backbay reclamation scheme, and other such ventures.[5] He subsequently earned a portion of it back and turned to philanthropic ventures. The Rajabai Clock Tower
Rajabai Clock Tower
in the University of Bombay
Bombay
was named for his mother and was built from a donation of ₹200,000 in 1878.[1][6] He was director of the Bank of Bombay, the largest in the Bombay
Bombay
Presidency.[3] He also invested in other schools, including many for girls such as J.B. Petit High School for Girls; he also established the " Premchand Roychand
Premchand Roychand
Award" for outstanding art students with the University of Calcutta. He also donated to the Asiatic Society.[1][7][4] He died in 1906. His bungalow in Byculla
Byculla
that he named Premodayan became Regina Pacis Convent, an orphanage and school for destitute girls.[8][4] Further reading[edit]

Sharada Dwivedi (2006). Premchand Roychand
Premchand Roychand
(1831-1906): His Life and Times. Eminence Designs. ISBN 978-81-903821-1-3. 

References[edit]

^ a b c d Mishra, Ashish K. "Premchand Roychand: Mumbai's original share king". Livemint. Retrieved 2016-07-27.  ^ Kaul, Vivek (2007-03-04). "Mumbai's first realty bust was in 1865 Latest News & Updates at Daily News & Analysis". DNA India. Retrieved 2016-07-27.  ^ a b Lakshmi Subramanian (15 January 2016). Three Merchants of Bombay: Business Pioneers of the Nineteenth Century. Penguin Books Limited. pp. 122–130. ISBN 978-81-8475-721-7.  ^ a b c " Premchand Roychand
Premchand Roychand
and Bombay
Bombay
dreams". The Hindu Business Line. 2010-02-14. Retrieved 2017-07-18.  ^ "An insane interlude in history". www.rediff.com. Retrieved 2017-07-18.  ^ Rakesh Kumar Bhatt (1 January 1995). History and Development of Libraries in India. Mittal Publications. pp. 39–40. ISBN 978-81-7099-582-1.  ^ Sunavala, Nergish (2016-06-19). "Schools get architects to save a chapter of their own history - Times of India". Times of India. Retrieved 2016-07-27.  ^ "This home stood witness to the hands that built Bombay". The Indian Express. 2014-01-21. Retrieved 2017-07-18. 

External links[edit]

Premchand Roychand
Premchand Roychand
& Sons (Business Group's Offic

.