BOMBAY. 1 Share of Rs.20. brown, pink, green. No B3393. Folds. Two perforation holes. Some faint staining at the bottom corners. Very attractive share with large vignette of one of the company's ships and artistic border. The company was founded in 1919 by Narottam Morarjee and Welchand Hirachand. When the company's ship SS Loyalty sailed to the United Kingdom in April 1919, it was the first Indian ship to do so - in those days, the sea routes were largely controlled by the British. As Mahatma Gandhi put it, the company was recognised as the first Swadeshi (the economic pilar of the Indian independence movement) shipping company. Following Indian independence in 1947, the company further expanded (trading to the USA, Australia and Singapore and Europe). Following the global slump in the 1980s, Scindia ceased trading in 1992. This share is signed as director by Mrs. Sumati Morarjee (1909-1998). She was known as the first woman of Indian shipping and is credited to have become the first woman in the world to head an organisation of ship owners(Indian National Shipowners Association). She headed this company from 1946 until 1992 and largely expanded it, eploying over 6000 people with a fleet of 43 shipping vessels. She was also one of the closest friends and supporters of Mahatma Gandhi in the 1940s.
Date: 1 May 1958
Startprice: € 100