Lalbhai Dalpatbhai

Lalbhai was born in 1863 at Ahmedabad to Dalpatbhai Bhagubhai in a Gujarati Oswal Jain family of nagarsheths and jewellers and was a direct descendant of the 16th-century merchant, Shantidas Jhaveri.

[5] After growing up, he carried on the traditional business of precious gems of his family.

[8] For most of his life Lalbhai lived in his ancestral home in Jhaveriwad in the walled city of Ahmedabad.

Forty family members shared an eight-room home along with a dozen servants.

Between 1910 and 1912 he moved into a newly constructed colonial style mansion in Shahibaug.