Rahim Joosab

"RAHIM JOOSAB was born on 29th August, 1880, in Bombay, of an old respectable family. He received a liberal education and at an early age exhibited such a marvellous tact for business that at the age of 16, he joined his eldest brother, Khan Saheb Karamally Joosab, in the mercantile business.

In 1899 Mr, Rahim took up the subject of Insurance and started doing Insurance business resulting in his securing several British and Continental Insurance Agencies for Fire, Life and Marine in 1901.

Having worked these Insurance Agencies with great success, he was looked upon as authority in this line. In 1906 he was instrumental in floating the first Fire and Life (Combined) Insurance Company styled The All-India United Insurance Company, Ltd., under the Chairmanship of the Hon’ble Sir Phirozshah M. Metha, with a capital of Rs. 50,00,000. This is the first Swadeshi Company floated in this Presidency and it was due to Mr. Rahim’s credit, zeal and tact that the necessary capital was subscribed. This Company is doing splendid business both in the Fire and the Life Insurance lines. This Company has now established itself among the foremost Insurance Companies in India.

Mr. Rahim Joosab, besides being the Secretary of tire All-India United Insurance Company, Ltd., is also Resident Agent of the Manufacturer’s Life Assurance Company, Ltd., of Canada, and representative of other British and Continental Insurance Companies,

In the year 1908 Mr. Rahim with his brothers started the Baroda Tramway Company in Baroda which has proved to be a greatest boon and cheap means of transit for the poorer classes in Baroda, and in 1910 was instrumental in helping his brother Mr, Jaffer to float the Credit Bank of India, Ltd., and in the same year Mr. Rahim started and floated the Bombay Weaving and Manufacturing Company, Ltd., for weaving cloth of high counts. He has very recently floated the Pioneer Bank of India, the Directorate of which is founded of distinguished persons.

Mr. Rahim Joosab has by his vast experience in business earned a name for himself in the business world and is the only Mohamedan expert in India and promoter of several Swadeshi Companies. Mr. Rahim is a great boon to his communitv and so far as the elevation of his community is concerned he is called 2nd Sir Currimbhov Ibrahim.

Mr. Rahim Joosab, the self-made man, has not only been occupied with business but he has also turned his attention towards other philanthropic actions and has been helping various charitable institutions besides giving his time to the poor."