About Ramnarain Ruia
Ramnarain Ruia was a businessperson, known for Bank of India and Phoenix Mills.
Seth Ramnarain Ruia (also known as Ramnarain Hurnundrai) was an Indian businessperson. He is also referred as the Cotton King.
He was one of the co-founders of Bank of India along with Sir Sassoon David and Sir Cowasji Jehangir Readymoney.
In 1905, Ruia purchased Phoenix Mills and two other mills in 1905 to start his textiles business. The other two mills, which he had purchased was the Bradbury Mills at Kalbadevi) and the Dawn Mills at Lower Parel in Bombay.
In 1959, the firm was listed on the Bombay Stock Exchange. The firm also ventured into real estate in 1987 and built High Street Phoenix, Mumbai. He co-founded Bank of India in 1906.
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Important facts
Frequently asked questions
Who was Ramnarain Ruia?
Indian businessperson
What was Ramnarain Ruia's occupation?
Ramnarain Ruia was a businessperson.
What was Ramnarain Ruia known for?
Ramnarain Ruia was known for Bank of India and Phoenix Mills.
Sources & further reading
Cite this page
APA: Biography.guide. (2026). Ramnarain Ruia. https://biography.guide/ramnarain-ruia/
MLA: "Ramnarain Ruia." Biography.guide, https://biography.guide/ramnarain-ruia/.
Chicago: "Ramnarain Ruia." Biography.guide. https://biography.guide/ramnarain-ruia/.
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