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The service provider who constructed Bombay: How David Sassoon formed a world metropolis

by Index Investing News
March 22, 2025
in Opinion
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Constructed on reclaimed land in 1875, Sassoon Docks was Mumbai’s first business moist dock, a pioneering feat that revolutionized commerce. Initially a hub for cotton and silk exports through the American Civil Warfare increase, it allowed Mumbai, then Bombay, to capitalize on the Suez Canal’s opening in 1869, cementing its standing as one of many world’s rising international ports.

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On the middle of this transformation was David Sassoon, a visionary Baghdadi Jewish service provider. Few industrialists of the nineteenth century have a narrative as compelling—or as ignored—as his.

Born into wealth in Baghdad in 1792, Sassoon was a scion of the legendary Sassoon household, treasurers to the Ottoman pashas and sometimes described because the Rothschilds of the East.

Pressured to flee Iraq in 1832 amid persecution of the Jewish group, Sassoon arrived in Mumbai—a metropolis on the cusp of transformation. With impeccable timing, he positioned himself on the crossroads of the booming cotton and railway industries.

Inside a decade, he had established places of work in Shanghai, Canton, and Hong Kong, tapping into the profitable opium commerce in China, very like the Parsi businessmen of the period.

In Mumbai, fuelled by wealth from Chinese language markets, Sassoon constructed an unlimited enterprise empire, beginning with Sassoon Docks, which he later bought to the Bombay Port Belief in 1879. He ultimately moved to England, working his empire from London, but his coronary heart remained in Mumbai. Not like many tycoons, he poured his wealth and power into shaping the town’s city panorama, abandoning a legacy that reads like a gazette of Mumbai’s landmarks.

Right now, over 150 years later, Sassoon Docks thrives as considered one of Mumbai’s largest wholesale fish markets, the place the salty tang of the ocean mingles with the clamor of Koli fisherfolk unloading their each day catch. Past commerce, it stays a cultural lifeline for the indigenous Koli group, whose traditions persist amid the chaos.

If the docks had been a part of his business legacy, his architectural contributions had been simply as vital. The Mechanics’ Institute for grownup technical training, the Sassoon Hospital in Pune, the David Sassoon Industrial and Reformatory Establishment, Elphinstone Excessive Faculty, and the David Sassoon Library all bore his distinctive aesthetic—a mix of Victorian Gothic and Indo-Saracenic parts that turned synonymous with Mumbai’s colonial-era structure. His buildings weren’t simply practical; they had been statements of a cosmopolitan future, symbols of civic dedication and belonging, as historian Mustansir Dalvi notes.

Past philanthropy, Sassoon performed a key function in shaping Mumbai’s monetary and industrial panorama. He established the Financial institution of India and developed Mumbai’s first deliberate industrial suburb in Byculla, which turned a blueprint for the town’s industrial enlargement, drawing waves of immigrants and shaping its working-class tradition.

His legacy additionally endures within the iconic Sassoon Home and the various historic buildings within the Fort space. Curiously, regardless of his huge empire, he by no means discovered English, relying as an alternative on Hebrew-speaking accountants.

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Not like a lot of his contemporaries, Sassoon embraced his Jewish identification, constructing synagogues throughout India, together with the ornate Magen David in Mumbai and the Ohel David in Pune. But his philanthropy was strikingly non-sectarian—his establishments, from the David Sassoon Benevolent Establishment to the David Sassoon Infirm Asylum, served individuals of all communities.

By the point of his demise in 1864, Sassoon was terribly rich—a billionaire by immediately’s requirements. His son, Albert, expanded the household enterprise right into a multinational empire spanning banking, delivery, textiles, and actual property. But, over time, the Sassoon heirs left for Britain, their legacy fading into historical past.

Additionally learn | Eat, drink and have fun the delicacies of Mumbai’s Koli group

What made David Sassoon the final word Mumbaikar wasn’t simply his success—it was his skill to reach as an outsider and develop into an insider, all whereas preserving his Jewish identification in Mumbai’s huge melting pot. Not for nothing was this Mizrahi Jew known as the Badshah of Bombay.



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