In his mid twenties Sir Homi started business life in Mumbai and in 1896 founded the Mill Stores Trading Co of India Ltd. He slowly attained controlling interests in a number of cotton mills in Mumbai as well as in the
State of Baroda. Apart from his own mills in
Navsari and Gaekwar, he was managing director of two Indian insurance companies and also of chemical and sugar companies. Sir Homi was also involved in banking and was on the Central Board of the
Reserve Bank of India and served on many select committees. Sir Homi also used his experience and expertise in
East Africa and was one of many Indian Industrialists investing in the textile industry in Uganda.
Companies Founded by Sir Homi Sir Homi's first company was the Mill Stores Trading Co of India Ltd, from that came his purchase of the Victoria Mills Ltd in 1904 in partnership with Seth Mangaldas G Parakh of Ahmedabad. Later on they bought the Jubilee and Raja Gokaldas Mills which became Limited Companies. Sir Homi's business ventures began to thrive and he floated many other diverse companies such as The British India General Insurance Co Ltd, The Zenith Life Assurance Co Ltd, The Poona Electric Supply Co Ltd, The Northern India Portland Cement Co Ltd, Messrs T R Pratt (Bombay) Ltd and many others. In 1928 Sir Homi purchased the Cotton Mill at Bilimora. He also floated The Nasik-Deolali Electric Supply Co Ltd and the Nadiad Electric Supply Co Ltd in 1929 and 1931 respectively == Public life ==