Dnyaneshwar Agashe
| Dnyaneshwar Agashe | |||||||||||||||||||||||||||
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 Dnyaneshwar Agashe | |||||||||||||||||||||||||||
| Vice president of BCCI | |||||||||||||||||||||||||||
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In office 1995–1999 | |||||||||||||||||||||||||||
| Executive chairman of Maharashtra Cricket Association | |||||||||||||||||||||||||||
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In office 1969–1989 | |||||||||||||||||||||||||||
| Personal details | |||||||||||||||||||||||||||
| Born |
17 April 1942 Pune, Bombay Presidency, British Raj | ||||||||||||||||||||||||||
| Died |
2 January 2009 (aged 66) Pune, Maharashtra, India | ||||||||||||||||||||||||||
| Spouse(s) | Rekha Agashe | ||||||||||||||||||||||||||
| Children | Mandar Agashe, Ashutosh Agashe, Sheetal Agashe | ||||||||||||||||||||||||||
| Parents | Chandrashekhar Agashe (father) and Indirabai Agashe (mother) | ||||||||||||||||||||||||||
| Relatives | Adi Agashé (grandson), Ashutosh Phatak (2nd cousin, 1x removed), Dilip Dandekar (1st cousin-in-law) | ||||||||||||||||||||||||||
| Residence | Pune, Maharashtra, India | ||||||||||||||||||||||||||
| Alma mater | Sir Parshurambhau College, Brihan Maharashtra College of Commerce | ||||||||||||||||||||||||||
| Known for | Businessman, entrepreneur, cricketer, cricket administrator, philanthropist | ||||||||||||||||||||||||||
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| Cricket information | |||||||||||||||||||||||||||
| Batting style | Right-hand batsman | ||||||||||||||||||||||||||
| Bowling style | Right-hand bowling | ||||||||||||||||||||||||||
| Role | Wicketkeeper, batsman | ||||||||||||||||||||||||||
| Domestic team information | |||||||||||||||||||||||||||
| Years | Team | ||||||||||||||||||||||||||
| 1962/63-1967/68 | Maharashtra[1] | ||||||||||||||||||||||||||
| 1963/64 | Maharashtra Governor's XI[1] | ||||||||||||||||||||||||||
| 1964/65 | Indian Universities[1] | ||||||||||||||||||||||||||
| 1965/66 | Vazir Sultan Tobacco Colts XI[1] | ||||||||||||||||||||||||||
| Career statistics | |||||||||||||||||||||||||||
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| Source: ESPNcricinfo, 19 August 2016 | |||||||||||||||||||||||||||
Dnyaneshwar Agashe (17 April 1942 – 2 January 2009) was an Indian businessman, cricketer, cricket administrator and philanthropist. He was chairman and managing director of Brihan Maharashtra Sugar Syndicate, chairman of Kolhapur Steel and founder of Suvarna Sahakari Bank and Mandar Printing Press. He was vice-president of Board of Control for Cricket in India from 1995 to 1999. He became a member of the Maharashtra Cricket Association in 1969 and became the association's executive chairman in 1989.
Agashe and his family came into public scandal in 2008, in the Suvarna Sahakari Bank scam. While in judicial custody, Agashe died of complications from diabetes.
A wicketkeeper-batsman, Agashe played first-class cricket for Maharashtra between 1962 and 1968 and scored two half-centuries in 13 matches. His best season came in 1964–65 where he made his career-best 75, took ten catches and made two stampings, before he went on to become a vice-president of the BCCI.[2]
Early life
Agashe was born on 17 April 1942, into the entrepreneurial, aristocratic, Chitpavan brahmin[3] family of industrialist Chandrashekhar Agashe[4] and wife Indirabai Agashe (née Dwarka Gokhale). Agashe's father founded the Brihan Maharashtra Sugar Syndicate in 1934. Agashe was born third from last and was one of nine surviving children.
Agashe was educated at Raman Baug High School and was awarded a BA degree by Sir Parshurambhau College. He also had a BCom degree from Brihan Maharashtra College of Commerce. Agashe began competitively playing cricket in school, touring Sri Lanka. He was wicketkeeper and middle order batsman when he went on to play the Ranji Trophy from 1967 to 1973, representing his home state of Maharashtra.[4]
Agashe married Rekha Gogte.[5] They had two sons, including music director Mandar Agashe,[1] and cricketer Ashutosh Agashe;[6] and a daughter, Sheetal Agashe, managing director of Brihans Natural Products. Agashe and his wife are grandparents to singer-songwriter Adi Agashé, the son of their son Mandar.
Agashe, through his wife, is also a known 1st cousin-in-law of chairman and managing director of Kokuyo Camlin Ltd., Dilip Dandekar,[7] and is a 2nd cousin, once removed of musician turned entrepreneur Ashutosh Phatak, having a well documented pedigree.[7]
Business career
Agashe took office as managing director alongside his older brother in his father's company, Brihan Maharashtra Sugar Syndicate. He served as chairman to Kolhapur Steel and was director to many other start-ups. He diversified his business into liquor (with Howling Wolves), pharmaceuticals, power generation, publication (with Mandar Printing Press), and real estate. He started a unit in Canada for Taj Rum.[4]
Agashe joined the Maharashtra Cricket Association in 1969 and became its executive chairman in 1989, after having been a member for 20 years.[4] Agashe was also a voting member of the Mumbai Cricket Association.[8]
In 1995, Agashe was elected as vice-president of Board of Control for Cricket in India and maintained office till 1999.[4]
Suvarna Sahakari Bank Scam 2008
Agashe founded the Suvarna Sahakari Bank[6] in 1969 for the banking purposes of mainly middle-class families. In 2004, Agashe consulted with his lawyers after allegedly being denied his right to vote in the presidential election of the Cricket Board.[9] In 2006, amidst a controversial BCCI election scandal involving Sharad Pawar's defeat to election to the office of president of the board at the hands of Agashe, the bank business started having financial troubles.[8] Many sources claimed Agashe's actions may have been deliberate.[8] Some sources also claimed that Agashe's business supposedly failed as backlash for thwarting Pawar's ambitions for presidency.[8] In September of that same year, the cooperative bank was put under moratorium by the Reserve Bank of India.[10] Cosmos Bank planned to acquire the bank after it hit this roadblock with the RBI and the subsequent announcement of the proposed merger with Cosmos led to large-scale panic withdrawals by Suvarna customers.[11]
Agashe along with 14 other board members was taken into judicial custody on 22 November 2008;[5][6] the bank was allegedly involved in a Rs. 436.74 crore scam. The police stated that the accused along with six others allegedly misused their rights and sanctioned loans mostly to firms owned by themselves and then defaulted the loans, thereby duping the depositors. The arrests were made after a complaint was filed by Rajesh Jadhavar,[12] special auditor, cooperatives department, Maharashtra government. While in custody, Agashe's health deteriorated and he later died from complications of diabetes[4] at Sassoon Hospital on 2 January 2009.
Upon his death, the depositors of the bank turned their hopes to the Indian Overseas Bank for help after the bank's accumulated losses were estimated at over Rs. 350 crore.[10]
Cricket career
As a wicketkeeper-batsman, Agashe played first-class cricket for Maharashtra between 1962 and 1968 and scored two half-centuries in 13 matches. He played his best season in 1964–65 where he made his career-best 75, took ten catches and made two stampings.
He then went on to become a vice-president of the Board for Control of Cricket in India and executive chairman of the Maharashtra Cricket Association.[2]
| Date | Tournament | Zone | Match | Stadium | Code |
|---|---|---|---|---|---|
| 15 December 1962 | Ranji Trophy 1962/63 | West Zone | Maharashtra v Bombay | Club of Maharashtra, Poona | f24585 |
| 20 October 1963 | Ranji Trophy 1963/64 | West Zone | Bombay v Maharashtra | Brabourne Stadium, Bombay | f25002 |
| 26 October 1963 | Defence Fund Match 1963/64 | - | Gujarat Governor's XI v Maharashtra Governor's XI | Sardar Vallabhbhai Patel Stadium, Ahmedabad | f25005 |
| 5 December 1963 | Ranji Trophy 1963/64 | West Zone | Maharashtra v Saurashtra | Club of Maharashtra, Poona | f25056 |
| 31 October 1964 | Ranji Trophy 1964/65 | West Zone | Maharashtra v Gujarat | Club of Maharashtra, Poona | f25515 |
| 14 November 1964 | Ranji Trophy 1964/65 | West Zone | Baroda v Maharashtra | Moti Bagh Stadium, Baroda | f25528 |
| 5 December 1964 | Ceylon in India 1964/65 | - | Indian Universities v Ceylon | Nehru Stadium, Madras | f25564 |
| 5 October 1965 | Moin-ud-Dowlah Gold Cup Tournament 1965/66 | Quarter-final | Hyderabad Cricket Association XI v Vazir Sultan Tobacco Colts XI | Lal Bahadur Shastri Stadium, Hyderabad | f26014 |
| 13 November 1965 | Ranji Trophy 1965/66 | West Zone | Bombay v Maharashtra | Brabourne Stadium, Bombay | f26028 |
| 20 November 1965 | Ranji Trophy 1965/66 | West Zone | Maharashtra v Baroda | Karad Engineering College Ground, Karad | f26032 |
| 30 September 1967 | Ranji Trophy 1967/68 | West Zone | Gujarat v Maharashtra | Shastri Maidan, Anand | f26990 |
| 11 November 1967 | Ranji Trophy 1967/68 | West Zone | Maharashtra v Baroda | MR College Stadium, Walchandnagar | f27008 |
| 24 November 1967 | Ranji Trophy 1967/68 | West Zone | Maharashtra v Saurashtra | Nehru Stadium, Poona | f27027 |
Philanthropy
Agashe was instrumental in starting some educational institutes. He donated to the Brihan Maharashtra College of Commerce and was instrumental in founding of the Chandrashekhar Agashe College of Physical Education and Panditrao Agashe School in Pune. He also founded the Chandrashekhar Agashe High School, Chandrashekhar Agashe Junior College and Indirabai Agashe High School on the family's estate in the town of Shripur.[4]
Agashe also donated his family collection of ancient Indian musical instruments to the Raja Dinkar Kelkar Museum of Pune in honour of his father.[4][14]
Legacy
Agashe's son, Ashutosh Agashe conceived the Dnyaneshwar Agashe Trophy as the highest award of merit at Pune's local Poona Youth Club's (PYC) annual cricket tournament, the PYC Premier League in honor of his father.[15] The first award was awarded in 2015.[15]
References
- 1 2 3 4 Oracle, CricketArchives. "Cricket Archives". cricketarchives.com. Retrieved 20 August 2016.
- 1 2 Staff, Cricinfo (2009). "ESPN Cricinfo". ESPN. Retrieved 19 August 2016.
A wicketkeeper-batsman, Dayaneshwar Agashe played first-class cricket for Maharashtra
- ↑ Team. "Singers -kokanastha.com". www.kokanastha.com. Retrieved 2016-11-28.
- 1 2 3 4 5 6 7 8 Kelkar, Siddhart (2009). "Friends recall royal Agashe, despite taint". Indian Express. Retrieved 2016-08-17.
- 1 2 "Fugitive run ends for economic fraud and dreaded gangster". Indian Express. 2009. Retrieved 2016-08-17.
- 1 2 3 "Dnyaneshwar Agashe cremated". Times of India. 2009. Retrieved 2016-08-17.
- 1 2 Agashe, Gopal; Agashe, Trupti (2006). Agashe Kulvrutant. p. 62.
- 1 2 3 4 Anandan, Sujata (2010). "Its Tharoor's cricket versus Pawar's". Hindustan Times. Retrieved 2016-08-17.
- ↑ "Agashe consulting lawyers to file writ petition | Zee News". Zeenews.india.com. 2004-10-01. Retrieved 2016-08-18.
- 1 2 Nambiar, Nisha (2009). "Agashe dead; depositors now pin hopes on IOB". Indian Express. Retrieved 2016-08-18.
- ↑ "Suvarna Sahakari Bank placed under moratorium". The Financial Express (India). 2006. Retrieved 19 August 2016.
The Cosmos Banks plans to acquire the Shree Suvarna Sahakari Bank has hit a roadblock with the Reserve Bank placing the Suvarna Sahakari Bank under moratorium.
- ↑ "Pune coop bank in Rs 436-cr scam". Business Standard. 2008. Retrieved 2016-08-17.
- ↑ Oracle, CricketArchives. ""First class cricket matches played by Agashe"". Retrieved 19 August 2016.
- ↑ "Kelkar Museum". Rajakelkarmuseum.com. 2003-05-12. Retrieved 2016-08-18.
- 1 2 ":: PYC GYMKHANA ::". www.pycgymkhana.com. Retrieved 2016-12-01.
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