Just Like That | The Rise and Fall of Delhi's Wealthy: A True Story
1 year, 6 months ago

Just Like That | The Rise and Fall of Delhi's Wealthy: A True Story

Hindustan Times  

Do you know which Indian family bought the first car in Delhi? In the vast metropolis of Delhi, how many would know that the richest person in the city just about 150 years ago was a man called Lala Chunna Mal. When Mirza Fakhru could not repay his debt in time, Chunna Mal had the power to obtain an order from the British magistrate to seize the royal scion’s assets. One of Chunna Mal’s successors, Ram Kishen Das, was the founder, managing director and the largest shareholder of the Delhi Cloth & General Mills Co. Ltd.. In time, Lala Shri Ram rose to become one of the leading entrepreneurs and industrialists of India, and bought DCM, even as the fortunes of the Chunna Mal family declined.

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