Dnyaneshwar Agashe facts for kids
Quick facts for kids
Dnyaneshwar Agashe
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ज्ञानेश्वर आगाशे
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![]() Agashe in 2002
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Vice president of BCCI | |||||||||||||||||||||||||||||||||||||||||
In office 1995–1999 |
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Chairman of Maharashtra Cricket Association | |||||||||||||||||||||||||||||||||||||||||
In office 2003–2005 |
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Preceded by | Balasaheb Thorve | ||||||||||||||||||||||||||||||||||||||||
Succeeded by | Ajay Shirke | ||||||||||||||||||||||||||||||||||||||||
Executive chairman of Maharashtra Cricket Association | |||||||||||||||||||||||||||||||||||||||||
In office 1989–2003 |
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Managing Director of Suvarna Sahakari Bank | |||||||||||||||||||||||||||||||||||||||||
In office 22 September 1969 – 2 January 2009 |
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Managing Director of the Brihan Maharashtra Sugar Syndicate Ltd. | |||||||||||||||||||||||||||||||||||||||||
In office 26 October 1978 – 2 January 2009 |
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Preceded by | Panditrao Agashe | ||||||||||||||||||||||||||||||||||||||||
Succeeded by | Ashutosh Agashe | ||||||||||||||||||||||||||||||||||||||||
Joint Managing Director of the Brihan Maharashtra Sugar Syndicate Ltd. | |||||||||||||||||||||||||||||||||||||||||
In office 1 July 1970 – 26 October 1978 Serving with Panditrao Agashe
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Preceded by | G. S. Valimbe | ||||||||||||||||||||||||||||||||||||||||
Succeeded by | Himself (as sole managing director) | ||||||||||||||||||||||||||||||||||||||||
Chairman of the Board of Directors of the Brihan Maharashtra Sugar Syndicate Ltd. | |||||||||||||||||||||||||||||||||||||||||
In office 16 February 1990 – 2 January 2009 |
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Preceded by | S. L. Limaye | ||||||||||||||||||||||||||||||||||||||||
Succeeded by | Ashutosh Agashe | ||||||||||||||||||||||||||||||||||||||||
Personal details | |||||||||||||||||||||||||||||||||||||||||
Born | Pune, Bombay Presidency, British India |
17 April 1942||||||||||||||||||||||||||||||||||||||||
Died | 2 January 2009 Pune, Maharashtra, India |
(aged 66)||||||||||||||||||||||||||||||||||||||||
Spouse |
Rekha Agashe
(m. 1967) |
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Children | 3, including Mandar and Ashutosh | ||||||||||||||||||||||||||||||||||||||||
Parent |
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Occupation |
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Dnyaneshwar Agashe (Marathi: ज्ञानेश्वर आगाशे; IAST: Jñāneśvara Āgāśe; 17 April 1942 – 2 January 2009) was an Indian businessman, cricketer, and a leader in cricket administration. He is well-known for starting the Suvarna Sahakari Bank in 1969. He also played first-class cricket for the Maharashtra cricket team from 1962 to 1968. Later, he became a managing director for the Brihan Maharashtra Sugar Syndicate Ltd.. He was also elected as the vice president of the Board of Control for Cricket in India (BCCI) twice.
Contents
Biography
Early Life and Education: 1942–1967
Dnyaneshwar Agashe was born in Pune, Bombay Presidency, on 17 April 1942. His family was well-known for business and belonged to the Chitpavan brahmin community. His father, Chandrashekhar Agashe, was an industrialist. Dnyaneshwar was one of nine children. He had an older brother named Panditrao Agashe.
His mother came from the respected Gokhale family of Dharwad. Through her, Dnyaneshwar was related to famous people like musician Ashutosh Phatak and historian Dinkar G. Kelkar.
Agashe grew up in Pune, Shreepur, Maharashtra, and Mangdari. He started school at the Nutan Marathi Vidyalaya in Pune. Later, he moved to Raman Baug High School. He earned a Bachelor of Arts degree from Sir Parshurambhau College in 1964. He then got a Bachelor of Commerce degree from Brihan Maharashtra College of Commerce.
In 1967, Agashe married Rekha Gogte. She was related to the well-known Latey family. They had three children, including their sons Mandar and Ashutosh Agashe.
Cricket Career: 1955–1968
While in high school, Agashe loved sports like cricket, field hockey, football, and badminton. His sports coach, Rambhau Lele, helped him get better at hockey.
Agashe was known for his unique batting style. He played for his school's cricket team, which won important trophies. From 1955 to 1957, he was chosen for the Pune district cricket team. Then, he joined the Maharashtra cricket team for the Cooch Behar Trophy. He also trained at the National Defence Academy (India). He was selected as a wicket-keeper-batsman for the West Zone cricket team. His good performance helped him get selected for the Indian Universities cricket team to tour Sri Lanka.
From 1962 to 1968, Agashe played first-class cricket for the Maharashtra team. He was a wicket-keeper-batsman. He scored two half-centuries in 13 matches. His best season was in 1964–65, where he scored his highest 75 runs. He also caught ten balls and made two stumpings. His efforts helped Maharashtra win against the Nari Contractor-led Gujarat cricket team in 1964. He played alongside famous cricketers like Chandu Borde and Sunil Gavaskar.
Business and Cricket Administration: 1969–2006
Agashe's father started the Brihan Maharashtra Sugar Syndicate Ltd. in 1934. After his father passed away in 1956, Agashe joined the company's board of directors in 1966. He helped open new factory branches. In 1969, he also joined the Maharashtra Cricket Association.
In 1969, Agashe founded the Suvarna Sahakari Bank in Pune. This bank was created to help middle-class families with their banking needs. In July 1970, Agashe and his brother became joint managing directors of the Brihan Maharashtra Sugar Syndicate. The syndicate produced various goods. During a drought in Maharashtra in 1972, Agashe and his brother shared water from their estate to help build a tap water system for the village of Bhor.
In 1973, Agashe and his brother donated an exhibit to the Raja Dinkar Kelkar Museum. In 1977, they helped found the Chandrashekhar Agashe College of Physical Education. In 1978, Agashe became the sole managing director of the Brihan Maharashtra Sugar Syndicate.

By 1985, Agashe was promoting cricket matches and tournaments in India and abroad. He also helped establish schools like the Chandrashekhar Agashe High School and Indirabai Agashe High School. He expanded the syndicate's business into areas like metal printing, pharmaceuticals, power generation, and real estate. In 1987, he was a manager for the India national cricket team's tour of the United Kingdom. In 1989, he was elected as the executive chairman of the Maharashtra Cricket Association.
In 1990, Agashe became chairman of the board of directors for the syndicate. In 1993, he was invited to open the Deodhar Entrance at the Nehru Stadium, Pune. He also provided financial help for research. During his time as chairman of the association, he was elected as the vice president and once as the treasurer of the Board of Control for Cricket in India (BCCI). In 1996, he was also the vice chairman of a committee that organized the 1996 Cricket World Cup. He expanded the syndicate and bank businesses into new areas. In 1996, he stepped down as managing director of the syndicate, and his son, Ashutosh, took over.

By 2000, Agashe was also on the board of the Deccan Education Society. In April 2002, a special ceremony was held in Pune to celebrate his 60th birthday. A motorcycle rally was organized, and a book about him was published. He was also a keynote speaker at a major Marathi literature conference.
Agashe served a record seventh term as executive chairman of the Maharashtra Cricket Association, starting in April 2003. He was also a voting member of the Mumbai Cricket Association and vice chair of the National Cricket Academy. There were some disagreements within the Maharashtra Cricket Association, but Agashe was reinstated as chairman in 2004. He later faced challenges regarding his voting rights in BCCI elections. In 2004, he was elected president of the Poona Youth Club.
In 2005, there was a leadership change at the Maharashtra Cricket Association, and Ajay Shirke took over as chairman. Agashe had served a long time in that position. In August 2006, Agashe was president of the Poona Youth Club, resigning in September after three years.
Suvarna Sahakari Bank Challenges: 2006–2008
By 2006, the Suvarna Sahakari Bank began facing financial difficulties. In September of that year, the Reserve Bank of India placed the bank under a temporary hold. In 2007, many of the bank's depositors held demonstrations. Agashe promised a quick solution, and Cosmos Bank planned to take over the bank. In May 2008, Agashe offered personal property to help recover deposits. A hotel he owned was also sold for the same reasons.
In November 2008, Agashe and other board members were taken into custody regarding the bank's financial situation. Authorities stated that loans were given to companies owned by those involved, and these loans were not repaid. Agashe's defense team stated that his family had sold properties to help repay the loans and were cooperating fully. They also mentioned that the loans were approved by a committee Agashe was not part of.
Death and Legacy: 2009
While in custody, Agashe's health worsened. He was admitted to Sassoon Hospital on 22 December 2008, suffering from severe diabetes and other health issues. He passed away on 2 January 2009, at the age of 66, from a heart attack.
After his death, the bank's situation continued. The bank was eventually merged with the Indian Overseas Bank in May 2009. In 2015, Agashe's son, Ashutosh, created the Dnyaneshwar Agashe Trophy. This award is given at the Poona Youth Club's annual cricket tournament, the PYC Premier League, in honor of Dnyaneshwar Agashe.
Images for kids
See also
In Spanish: Dnyaneshwar Agashe para niños