According to reports, Go First, which is owned by the Wadia company, has chosen to stop operating for an additional day and cancel all of its flights for three days beginning on Wednesday. The low-cost airline has also requested the National Company Law Tribunal (NCLT), Delhi, open voluntary insolvency resolution procedures.

Wadia Group Background 

The Wadia Group's first business was in the marine development sector more than 280 years ago. The Wadia Group is a current Indian finance company with its headquarters in Mumbai, India. The Journey started in 1736. Loeji Nusserwanjee Wadia founded it.

All about Wadia Group 

One of the first multinational corporations in India, the Wadia Group operates in a variety of broad sectors, including FMCG, real estate, textiles, chemicals, and food processing. Four Wadia Group companies that are a part of our Group Companies are listed on Indian stock exchanges: Britannia, an FMCG company with 102 years of experience and membership in the Nifty 50 index; Bombay Burmah, an enterprise with 150 years of history; Bombay Dyeing, an enterprise with 140 years of history; and NPL, a producer of hydrogen peroxide. 

List of Wadia Group of Companies

  • Bombay Burmah Trading Corporation Ltd

  • Britannia Industries Ltd

  • Bombay Dyeing & Manufacturing Company Ltd

  •  National Peroxide Ltd

  •  Bombay Realty

  • Wadia Techno-Engineering Services

  • Go Airlines (India) Ltd.

Wadia Group Net Worth

As per Bloomberg, Nusli Wadia, the chairman of Wadia group has a net worth of Rs $7.90 billion.