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Shashikant Garware

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Shashikant Garware
BornShashikant Bhalchandra Garware
(1934-11-05) 5 November 1934 (age 90)
Mumbai India
OccupationIndustrialist
NationalityIndian
Alma materDulwich College, London
SpousesSheila Shashikant Garware

Shashikant Bhalchandra Garware (born 5 November 1934) is an Indian industrialist and the founder, chairman, and managing director of Garware Hi-Tech Films Limited (formerly Garware Polyester Limited).[1][2] He is credited with starting the polyester industry in India in June 1957.[3][4]

Early life and education

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Garware was born on 5 November 1934 in Bombay, India. He is the son of Abasaheb Garware.[citation needed]He completed his early education in India before attending Dulwich College in London. He later studied senior business management at the University of Edinburgh.[5] In 2022, he was awarded a D.Litt. by Mumbai University for his contributions to the polyester industry and philanthropic services.[6]

Career

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Garware returned to India in 1951 and joined his father at Garware Motors Ltd.[citation needed] In 1957, he became involved in the polyester film industry with the establishment of Garware Polyester Ltd, now known as Garware Hi-Tech Films Ltd (GHFL).[7] In 1982, GHFL introduced UV-stabilized polyester film in India. The U.S. Patent Authority issued a patent for this product.[8]

Philanthropy

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The Garware Charitable Trust was established in 1962.[9] The Trust provides financial support to educational institutions, hospitals, and healthcare centers.[10]

The trust provided financial aid to the Bombay Cricket Association (BCA), which named the clubhouse and members' pavilion at Wankhede Stadium as the Garware Club House.[11][12] In 1993, the Garware Community Centre was established in Aurangabad to support sports and cultural activities. Financial assistance was also provided to the Aurangabad Municipal Corporation for the development of a stadium in MIDC Chikalthana, now known as Garware Stadium.[13][14]

Garware has served as a Director on the Central Board of the State Bank of India and the Life Insurance Corporation of India. He was also an Honorary Consul General of Turkey for their Western India Office and served as President of the Maharashtra Chamber of Commerce and Industry. During this period, he faced allegations of corporate misgovernance.[15]

Honours and awards

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Ms. Monika Garware receiving degree on behalf of Mr. Shashikant Garware

In 1981, Garware was awarded the Gold Shield for Import Substitution by the Government of India. GHFL received the Plexconcil Top Exporter's Award for exporting high-tech polyester films for over three consecutive decades.[16][17] In 2022, he was conferred an honorary Doctor of Literature (D.Litt.) degree by Shri Bhagat Singh Koshyari, then Governor of Maharashtra and Chancellor of Mumbai University.[18]

References

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  1. ^ "Dr. Shashikant Bhalchandra Garware".
  2. ^ "Company – Garware Hi-Tech Films Limited". Garware. Retrieved 30 October 2024.
  3. ^ "Dr. Shashikant Garware: The doyen of the polyester revolution in India". Financialexpress. 29 May 2024. Retrieved 12 July 2024.
  4. ^ https://www.business-standard.com/content/specials/garware-hi-tech-films-a-legacy-of-innovation-in-polyester-manufacturing-124100101178_1.html
  5. ^ Laha, Nirvana (11 June 2024). "Garware Hi-Tech Films Share Analysis: Why Should You Buy?". Congruence Advisers. Retrieved 19 February 2025.
  6. ^ "Dr. Shashikant Garware: The doyen of the polyester revolution in India". 29 May 2024.
  7. ^ "Garware Hi-Tech Films Limited". Garware. Retrieved 12 July 2024.
  8. ^ "Garware". Maha Brands. Retrieved 12 July 2024.
  9. ^ "Garware". Maha Brands. Retrieved 19 February 2025.
  10. ^ "Dr. Shashikant Garware: The doyen of the polyester revolution in India". 29 May 2024.
  11. ^ https://garwareclub.co.in/
  12. ^ "Garware's 85-year-old CMD Seeks Fresh Term amid Charges of Corporate Mis-governance". Moneylife NEWS & VIEWS. Retrieved 12 July 2024.
  13. ^ "CEO Shashikant Garware, Garware Hi-Tech Films Limited's (NSE:GRWRHITECH) largest shareholder sees value of holdings go down 12% after recent drop". simplywall.st. 24 October 2023. Retrieved 12 July 2024.
  14. ^ "Garware Stadium, Chikalthana".
  15. ^ IANS (17 September 2019). "Garware CMD seeks fresh term amid charges of corporate misgovernance". TheQuint. Retrieved 12 July 2024.
  16. ^ "Mumbai University confers honourary degrees on Zakir Hussain, industrialist Shashikant Garware". The Indian Express. 13 May 2022. Retrieved 12 July 2024.
  17. ^ "Garware Hi-Tech Films LTD: Driving Innovation and Market Leadership with Strategic Growth Initiatives". 12 September 2024.
  18. ^ "Mumbai University confers honourary degrees on Zakir Hussain, industrialist Shashikant Garware". 13 May 2022.
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