An Ideal Business Partner

These chain of events happened in the early 40’s. In those days, Dadashri had set up an iron and steel manufacturing unit. Being a manufacturer, He held a license to procure raw materials (iron ore) at highly discounted rates from the government quota. As the rates of these raw materials were too high in the open market some agents always tried to coax Dadashri to sell the stocks, procured through the license in the open market as that would enable them to make handsome profits. They also offered Dadashri a share in the profits. Thinking it was unethical Dadashri was averse to do so. But His partners in business argued, “What’s the harm, we shall be able to earn a huge amount and that shall help us to further expand our business.” Finally Dadashri reluctantly gave His consent and they started selling in the open market at huge premium which earned them handsome profits. Despite the huge gains Dadashri was perturbed by this method of working and always thought of finding a way to get rid of this ill – earned money at the earliest.

Dadshri then started a business of trading in spices in South L.F.P. His partner used to travel every now and then but the efforts did not pay any dividends. On the contrary, business started incurring losses. Time and again His partner would ask for money from Dadashri to meet the shortfall. Dadashri had an intuition that this business wasn’t worthwhile and the losses would keep on mounting, so He advised His partner to windup the business and return home. But the partner was adamant and he informed Dadashri; “Henceforth if we incur losses then I shall bear all of it and you won’t have to take any further hit.” A composed Dadashri once again sent across the amount demanded by his partner even though He knew that this amount too would be doomed. Despite the losses, He was pleased as He knew that earnings made though illegal means in the past was finally on its way out. At last, He would be at peace as that would help clear His conscience.

It turned out to be exactly so. All the money sent across was lost and the partner had to ultimately wind up the business and return. He informed Dadashri that he would bear the losses as he had not paid heed to Dadashri’s warnings. Being large hearted Dadashri willingly bore His share of losses although he was free and not accountable to pay for it. Not only that, Dadashri went on to maintain partnership with that person throughout life. His partner had 8 children (5 sons and 3 daughters). The expenses on account of their marriages too were funded from the business they jointly owned. He also continued partnership with his partner’s son after the death of his partner.