[1][2] He was the Joint Managing Director of Bombay Dyeing, the flagship company of the Wadia Group,[3][4] till March 2011 when he stepped down from the post.

His grandfather was the son of Sir Ness Wadia who played an important role in turning the city of Bombay into one of the worlds largest cotton gin trading centers during the late 19th century.

[6] In 1998, he took a leave of absence to complete his master's degree in Science of Engineering Business Management from the University of Warwick with a thesis titled "Leading to Success in India".

[3] He was appointed to this position on 1 August 2001 and stayed till March 2011, when he stepped down, and younger brother Jehangir was made managing director.

[6] In 2008, along with actress Preity Zinta and businessman Mohit Burman, Wadia acquired ownership rights for the Mohali-based Twenty20 cricket team of the Indian Premier League (IPL).

[10][non-primary source needed] Wadia dated Bollywood actress Preity Zinta from February 2005 until 2009, and the couple were subject to intense media scrutiny.