Facebook Pixel The rags to riches story of a Bombay entrepreneur | Mint Hyderabad - newspaper - इस कहानी को Magzter.com पर पढ़ें

कोशिश गोल्ड - मुक्त

The rags to riches story of a Bombay entrepreneur

Mint Hyderabad

|

February 28, 2026

Decades after the textile mill chimneys have faded from the Mumbai skyline, indelibly altering the demographics, architecture and culture of the city’s central districts, the fate of displaced textile workers continues to—surprisingly—animate political discussions.

- Rajrishi Singhal

The rags to riches story of a Bombay entrepreneur

A former textile factory in Colaba, Mumbai, 2010.

(GETTY IMAGES)

The campaigning for and outcome of elections to the Brihanmumbai Municipal Corporation (BMC), the country’s richest urban local body by a mile, for instance, provide insights into how the once-ubiquitous textile factory continues to haunt collective memory.

The textile factories were not mere physical symbols of industrial productivity and commerce but cradles for community development as well, providing livelihood for over 250,000 workers who had mostly migrated from rural Maharashtra. The workers and their family members tuned into the city’s rhythms to upgrade their songbooks and compose unique cultural memes; celebrations of traditional festivals turned into collective and voluntary labour, some of which have now become the city’s visible socio-cultural icons, such as the Dahi Handi festivities or Ganpati celebrations.

And then, following the prolonged textile strike of the 1980s, the mills shut down. Mill owners, with some help from the political class, were able to repurpose the land and monetise it, even though a part of the land was supposed to be used for public housing. Former mill workers, who lived near the mills in tightly knit communities, were also stakeholders because the mill land was on long lease from the city. But mill owners and political leaders successfully subverted rules and policy prescriptions. Unfortunately, even the trade unions failed these workers.

The forcible dispersal of a century-old community was turbocharged by a class angle as well: as south Mumbai got overpopulated, the wealthy and aspiring wealthy needed residential properties not too far from the original elite hub. This required overhauling the working-class character of the former textile district. End-result: out with the old textile mills, hello steel and glass skyscrapers.

Mint Hyderabad

यह कहानी Mint Hyderabad के February 28, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

Mint Hyderabad से और कहानियाँ

Mint Hyderabad

Prices and rains could put food security at risk: Act in good time

The Centre should prepare for what could be a double-whammy year for India's most vulnerable

time to read

3 mins

April 17, 2026

Mint Hyderabad

India Inc must learn to be open about mental health

Will we reach a maturity level in our workplaces where a company can ask for a mental health check the same way it asks for a physical test after rolling out a job offer but before signing the final appointment letter?

time to read

3 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

Starmer tells social media firms to up child safety efforts

UK Prime Minister Keir Starmer told representatives from the largest US tech companies that they “can’t go on like this” when it comesto online protections for children.

time to read

1 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

The restaurant where you can bid on art from the table

Confit duck legs, sole meunière and blue-chip artwork are on the menu at Marcel in Sotheby's Breuer building

time to read

4 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

Trump turns against Italy’s Giorgia Meloni, broadening clash with Europe

As President Trump’s rift with Europe widens, he is casting even his political friends into the chasm.

time to read

3 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

‘India is one of our fastest-growing markets in Asia’

India is the one of fastest-growing markets in Asia for real-time analytics and artificial intelligence observability platform Clickhouse, said co-founder and chieftechnologist Alexey Milovidov in an interview with Mint.

time to read

1 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

JAL creditors ignored rules: Vedanta

Anil Agarwal-led Vedanta told the Delhi bench of the National Company Law Appellate Tribunal (NCLAT) on Thursday that while the committee of creditors (CoC) in the Jaiprakash Associates Ltd insolvency case repeatedly insists on following the ‘process’, they do not seem to follow it themselves.

time to read

2 mins

April 17, 2026

Mint Hyderabad

Small habits, big bills: How daily convenience drains your wallet

Food delivery, subscriptions and convenience fees are quietly pushing up monthly expenses for households

time to read

5 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

With interest, SpiceJet dues top ₹400 crore, says Maran

Sun Group chairman Kalanithi Maran told the Delhi High Court on Thursday that SpiceJet owes over ₹400 crore, including interest, in their long-running arbitration dispute—far higher than the ₹144.5 crore cited by the cash-strapped airline.

time to read

2 mins

April 17, 2026

Mint Hyderabad

Mint Hyderabad

'Drawing more domestic capital in AIFs a key focus'

The industry body for venture capital, Indian Venture and Alternate Capital Association (IVCA), will focus on drawing more domestic institutional capital into alternative investment funds (AIFs), even as structural bottlenecks continue to slow participation.

time to read

1 mins

April 17, 2026

Listen

Translate

Share

-
+

Change font size