Haribhai & Bhaktidas
Haribhai and Bhaktidas were evershining, forged under pressure, clarity of thought with sharp intellect and prized possessions of the Peshwa and Gaekwads. They were visionary sons of Sheth Laxmidas, rose to prominence in the 18thcentury as pioneering bankers amid political upheaval and economic transformation. Complementary in temperament—Haribhai energetic and bold, Bhaktidas calm and strategic—they took charge of the family business after their father’s and elder brother’s passing. In 1762, they founded Hari-Bhakti Pedhi in Pune, blending their names and values. Their integrity and financial acumen won the confidence of both the Peshwas and the Gaekwads, who appointed them as potedars (state bankers). The firm managed state finances, issued hundis, and supported trade across western India, laying the foundation for the Haribhakti family’s influence in finance, politics, and society. By the late 18th century, the Pedhi had become chief creditor to Baroda State. Both brothers had passed away by 1796,leaving a lasting legacy of resilience, trust, and enterprise.
