Dnyaneshwar Agashe

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Dnyaneshwar Agashe
Dnyaneshwar-agashe-2002.png
Agashe in 2002
Vice president of BCCI
In office
1995–1999
Chairman of Maharashtra Cricket Association
In office
2003–2005
Preceded byBalasaheb Thorve
Succeeded byAjay Shirke
Executive chairman of Maharashtra Cricket Association
In office
1989–2003
Managing Director of Suvarna Sahakari Bank
In office
1969–2009
Succeeded byAshutosh Agashe
Managing Director of the Brihan Maharashtra Sugar Syndicate Ltd.
In office
1986–1996
Preceded byJagdish "Panditrao" Agashe
Succeeded byAshutosh Agashe
Chairman of the Brihan Maharashtra Sugar Syndicate Ltd.
In office
1996–2009
Personal details
Born(1942-04-17)17 April 1942
Pune, Bombay Presidency, British Raj
Died2 January 2009(2009-01-02) (aged 66)
Pune, Maharashtra, India
Spouse(s)Rekha Agashe
Children, Ashutosh Agashe,
ParentsChandrashekhar Agashe (father) and Indirabai Agashe (mother)
ResidencePune, Maharashtra, India
Alma materSir Parshurambhau College, Brihan Maharashtra College of Commerce
Known forBusinessman, entrepreneur, cricketer, cricket administrator, philanthropist
Cricket information
BattingRight-hand batsman
BowlingRight-hand bowling
RoleWicketkeeper, batsman
Domestic team information
YearsTeam
1962/63-1967/68Maharashtra
1963/64Maharashtra Governor's XI
1964/65Indian Universities
1965/66Vazir Sultan Tobacco Colts XI
Career statistics
Competition FC
Matches 13
Runs scored 341
Batting average 26.23
100s/50s 0/-
Top score 75
Catches/stumpings 33/6
Source: ESPNcricinfo, 19 August 2016

Dnyaneshwar Agashe (17 April 1942 – 2 January 2009) was an Indian businessman, cricketer, cricket administrator and philanthropist.

A wicketkeeper-batsman, Agashe played first-class cricket for Maharashtra between 1962 and 1968. He was twice vice-president of Board of Control for Cricket in India, serving his second and final term from 1995 to 1999. He was chairman and managing director of the Brihan Maharashtra Sugar Syndicate, chairman of Kolhapur Steel and founded the Suvarna Sahakari Bank in 1969.

Agashe and his family came into public scandal with the Suvarna Sahakari Bank scam case in 2008. While in judicial custody during the scandal, Agashe died of a heart attack from complications of diabetes, in 2009.

Early life[]

Agashe was born on 17 April 1942, into an aristocratic and entrepreneurial Chitpavan brahmin family of industrialist Chandrashekhar Agashe and wife Indirabai Agashe (née Dwarka Gokhale).[1][2][3][4] Agashe's father founded the Brihan Maharashtra Sugar Syndicate in 1934, which was later headed by his brother.[5] Agashe married Rekha Gogte, a niece of B. M. Gogte.[6] They had two sons, and Ashutosh Agashe, and a daughter, .[7][8] Some of Agashe's prominent relations include Kokuyo Camlin head Dilip Dandekar,[9] musician Ashutosh Phatak,[10] gynaecologist Y. V. Phatak,[11] historian Dinkar G. Kelkar,[12] scientist P. K. Kelkar,[13] and Third Anglo-Maratha War general Bapu Gokhale.[4]

Agashe was educated at Raman Baug High School, and graduated with a BA degree from Sir Parshurambhau College. He further graduated with a BCom degree from Brihan Maharashtra College of Commerce. Agashe began competitively playing cricket in school, touring Sri Lanka. He was a wicketkeeper and middle order batsman when he went on to play the Ranji Trophy from 1967 to 1973, representing his home state of Maharashtra.[2]

Business career[]

Beginning in 1969, Agashe founded the Suvarna Sahakari Bank for the banking purposes of mainly middle-class families.[14] In 1986, he took office as managing director after his older brother in his father's company.[15] 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.[2]

Agashe joined the Maharashtra Cricket Association in 1969 and was elected its executive chairman in 1989.[2][16] During his tenure as chairman of the association, he was twice elected as the vice-president and once as the treasurer of the Board of Control for Cricket in India, being elected for his second term as VP in 1995.[2] He had also contested for the post of BCCI's president,[17] but lost by two votes. He was also the vice-chairman of the finance committee of the Pakistan-India-Lanka Joint Management Committee (Pilcom), which had organised the 1996 World Cup.[18] He served his record seventh term as executive chairman, being elected in April, 2003.[19] Agashe was also a voting member of the Mumbai Cricket Association.[20] He was also the vice-president of the National Cricket Academy.[21]

Agashe with John Major and Sanjay Dalmia.

In 2004, Agashe was unanimously elected the president of the Poona Youth Club.[22] He served as president through the club's liquor controversy.[23] And in 2006, Agashe resigned the presidency,[24] after his third year as president of the club.[25][26]

Chairman of the Maharashtra Cricket Association[]

In 2004, the nine member interim committee was dissolved, and Agashe was elected to the office of the chairman of the Maharashtra Cricket Association.[27] Later that same year, Agashe was denied participation in the annual general meeting of the BCCI due to alleged factional disputes by then BCCI President Jagmohan Dalmiya.[28] He was later denied his right to vote in the Board's elections that year which saw Sharad Pawar losing by one vote to the post of the BCCI's president.[29] Some sources at the time claimed Agashe's actions (delay to vote) may have been deliberate.[30][31] Agashe moved court countermanding the elections, alleging that the absence of his vote ensured an unfair victory to Dalmiya nominee Ranbir Singh Mahendra.[32][33][34] The Madras High Court stated a prima facie case against the elections,[35] with Agashe expressing satisfaction with the court's decision.[36]

In 2005, the MCA was gripped in a power struggle between Agashe and Ajay Shirke.[37] That year's MCA election was in sight of reformed regulation scheme recommendations between the two parties,[38] which was won by Shirke.[39] Agashe had served a record seventh term at the time of his ousting from the position.[40] Critics claimed that the court cases between the two parties were responsible for a lack luster cricketing season in Pune that year.[41]

Suvarna Sahakari Bank case[]

Main article: Suvarna Sahakari Bank

By 2006, the bank business started having financial troubles, with some sources alleging that the bank's failure was backlash for the controversial BCCI presidency elections of 2004.[20] In September of that same year, the cooperative bank was put under moratorium by the Reserve Bank of India.[42]

In 2007, following the order of moratorium, many of the bank's depositors held demonstrations at Agashe's Aundh residence and threatened criminal actions against the Agashe family,[43] after which a speedy merger was promised by Agashe,[44] when Cosmos Bank planned to acquire the bank.[45]

In 2008, Agashe mortgaged personal property worth Rs. 200 crore in lieu of the recovery of the deposits worth Rs. 725 crore.[46] Hotel Ranjeet, a hotel owned by Agashe was auctioned off for the same reasons.[47] On 22 November that year, Agashe along with 14 other board members was taken into judicial custody;[48][49] the bank business was charged with a Rs. 436.74 crore scam allegation.[50] The arresting police stated that Agashe 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.[51] The judicial magistrate remanded Agashe and the 14 other suspects to police custody, with provisions of medical assistance if required, citing the senior citizenship of a majority of the accused.[52][53]

The economics offenses wing of the crime branch conducted a raid of Agashe's Aundh residence to recover Rs. 1.5 lakhs. The prosecution stated that upon discovery of the money, further interrogation of the accused was necessary and alleged that the accused had disbursed loans to people close to them by flouting RBI rules. In return, Agashe's defense counsel claimed that Agashe and his family had sold off various properties for the repayment of the loan. The defense counsel also stated that the Agashe family had extended full cooperation with the police and submitted that the family would repay another Rs. 80 crore after the issue of Suvarna's merger was settled. The defense also raised the issue of foul play, when the first information reporting of the allegations was not produced before the court three days after registering the case and further contended that the loans had been sanctioned by the bank's disbursement committee, a committee Agashe was not a member of.[54][55] The bail applications filed at the time for Agashe, his wife, and his sister were subsequently rejected.[56][57][58][59][60]

While in custody, Agashe's health deteriorated and he was admitted to Sassoon Hospital on 22 December, suffering from severe diabetes and gangrene,[61] for which he had previously been denied medical assistance.[30] He later died of a heart attack from complications of diabetes at Sassoon Hospital on 2 January 2009.[62][63]

Cricket career[]

Agashe and Sunil Gavaskar.

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 stumpings.[64]

He then went on to serve as vice president of the Board for Control of Cricket in India and executive chairman of the Maharashtra Cricket Association.[65] He also served as vice chairman of the National Cricket Academy in Bangalore.[66]

First class cricket matches played by Agashe[67]
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, donating 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.[2]

Agashe also donated his family collection of ancient Indian musical instruments to the Chandrashekhar Agashe Museum, a part of the Raja Dinkar Kelkar Museum of Pune in honour of his father.[2][68][69] Agashe further provided financial assistance to Société géologique de France for their research in 1994.[70]

Legacy[]

Agashe died on 2 January 2009 at Sassoon Hospital in Pune, at the age of 67.[71] He died in the ICU from a heart attack while being treated for diabetic complications.[72] A condolence meet following Agashe's death was held at the Poona Youth Club.[73][74][75]

In 2015, Agashe's son, Ashutosh Agashe conceived the Dnyaneshwar Agashe Trophy as the highest award of merit at the Poona Youth Club's annual cricket tournament, the PYC Premier League, in honor of his father.[76][77]

References[]

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  77. ^ "Tigerschi vijaypdachi darkaali". epaperlokmat.in (in Marathi). Pune: Lokmat. 14 November 2017. 11. Retrieved 14 November 2017.

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