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Dr. B.D. Garware

Abasaheb

Technical Data

Date of Issue February 6, 2004
Denomination Rs. 5
Quantity 500,000
Perforation comb 13½ x 13
Printer Calcutta Security Printers Ltd
Watermark No Watermark
Colors Multicolor
Catalog Codes

Michel IN 2017

Stamp Number IN 2053

Yvert et Tellier IN 1782

Stanley Gibbons IN 2194

WADP Numbering System - WNS IN003.04

Themes

Pioneer of the Indian Plastics Industry

Bhalchandra Digamber Garware, popularly known as Abasaheb Garware, was a visionary entrepreneur and pioneering industrialist whose innovations helped shape India’s modern plastics and synthetic fibre industries. Founder Chairman of the Garware Group, he became widely associated with the development of plastics and nylon yarn manufacturing in India. His remarkable journey from poverty to industrial leadership exemplifies determination, foresight, and business ingenuity.

Early Life and Struggles

Abasaheb Garware was born on 21 December 1903 in Tasgaon, located in the Satara District of Maharashtra. His childhood was marked by severe financial hardship, as his father had lost the family wealth and accumulated large debts.

Due to these circumstances, Garware had to discontinue his education after passing the 6th standard high school examination. In 1920, he moved to Mumbai in search of livelihood. After a difficult period of struggle, he began working in the automobile trade.

Entry into the Automobile Business

Recognizing the emerging potential in the second-hand car market, Garware started working as an agent selling used cars. Through his sharp business sense and dedication, he soon established the Deccan Motor Agency in Girgaon. The business quickly gained a reputation as a reliable dealership.

In addition to used cars, he expanded into selling truck chassis, spare parts, accessories, tyres, and tubes, and also began offering insurance services for vehicles.

In 1933, Garware travelled to London, where he noticed the impact of the economic recession on British automobile businesses. Seizing the opportunity, he purchased cars and businesses from owners eager to sell them. He shipped 35 cars to India, earning substantial profits and strengthening his position in the automobile trade.

Entry into the Plastics Industry

Abasaheb Garware’s most significant contribution came from his foresight in identifying emerging industries. During World War II, he began manufacturing plastic buttons for the Navy, marking his entry into the plastics industry.

This venture eventually grew into several major industrial initiatives, including:

  • Thermoplastics extrusion manufacturing
  • Plastic injection and blow moulding technologies
  • Production of nylon yarn and nylon bristles
  • Manufacturing polyester films
  • Synthetic ropes and fishing nets

These ventures established the Garware Group as a leader in modern industrial materials in India.

Leadership Philosophy and Social Responsibility

Garware believed strongly in social responsibility and ethical leadership. Inspired by the principles of Mahatma Gandhi, particularly the concept of trusteeship, he believed that wealth should ultimately benefit society.

He often credited his team for success while accepting responsibility for failures, demonstrating a rare leadership style grounded in humility and accountability.

To give back to society, he established about seventy-five charitable trusts, supporting causes such as:

  • Education
  • Healthcare
  • Cultural development
  • Sports activities
  • Research and development

Contributions to Education

Abasaheb Garware made remarkable contributions to the development of educational institutions in Maharashtra. Institutions established or supported by him include:

  • Garware Institute of Career Education and Development
  • Abasaheb Garware College
  • Garware College of Commerce
  • Smt. Vimlabai Garware High School
  • Smt. Mathubai Garware College

In addition to founding institutions, he donated funds for libraries, gymnasiums, laboratories, badminton halls, and scholarships, helping promote academic excellence.

Public Service and Recognition

Apart from his industrial and philanthropic work, Garware was deeply involved in public life. He served in leadership roles in several institutions, including:

  • State Bank of India
  • State Financial Corporation

In 1959, he was appointed Sheriff of Mumbai, a prestigious civic position.

The Government of India honoured his contributions by awarding him the Padma Bhushan in 1971. Later, the Savitribai Phule Pune University conferred upon him an Honorary Doctor of Letters (D.Litt.) degree in 1989. In the same year, he received the Udyog Ratna from the Institute of Economic Studies.

Legacy

Abasaheb Garware remains remembered as a pioneer of India’s plastics and synthetic materials industry, whose vision helped establish new industrial sectors in the country. His life stands as an inspiring example of entrepreneurship, social responsibility, and dedication to national development.

To honour his remarkable contributions to Indian industry and society, India Post issued a commemorative postage stamp celebrating the life and achievements of Abasaheb Garware.

First Day Cover

Abasaheb-Garware
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