Ramdulal De(Sarkar), the first Millionaire of bengal. Ramdulal De was a Bengali merchant and a foremost name in the Indo-American maritime trade during the 18th and early 19th century.

Ramdulal De(Sarkar), alias Dulal Sarkar was the eldest son of Balaram De, a poor villager of Rekjani, a hamlet near Dumdum. His only occupation was to impart Bengali writing skill to the children of the peasants backed by his rudimentary knowledge of Bengali and the gifted skill in calligraphic art he had. During the Mahratta invasion of 1751-52, Balaram with his expectant wife fled from his ancestral home for good. On their way, Ramdulal was born and began his journey of life with empty hands. Balaram, before he died, could give him nothing, not even rudiments of his own vernacular to his child. Ramdulal had already lost his mother. It was his maternal grandfather, Ramsundar Biswas who took the orphan boy to Calcutta where he lived ‘upon the fruits of beggary’, and his wife used to husk rice for the market until she could secure a stable job of a cook in the house of a wealthy merchant at Hatkhola. She brought in her grandson, Dulal, to stay with her. The master of the house, Madanmohan Dutta, Dewan of Export Warehouses, ‘the rival in wealth of Rajah Navokrishna’, did not mind adding Ramdulal to the long list of his dependents. Here Ramdulal managed to receive his first lessons from the pundit engaged for the sons of his master. He had only to buy erasable palm leaves for mastering alphabets, and plantain leaves for copying texts. His will and energy made him soon an excellent penman and a fast accountant. He also picked up by then some broken English.
Madanmohan must have found in Ramdulal his qualities before offering him the job of Bill Sarkar on a salary of Rs 5/- a month. ‘Even out from this contemptible amount he contrived by rigid parsimony to save as much as a hundred rupees’, which he invested in a timber depot at Bagbazar with the purpose of helping his grandpa. Being much impressed with these admirable traits in the character of his young protégé, Madanmohan promoted Ramdulal to  Ship Sarkar  on pay of 10 rupees a month, ‘with lots of buxies, alternated of course by blows from ship captains, mates and crew.’ In all weathers, he was to go out into the mouth of the river at Diamond Harbour to superintendent the loading and unloading and discharge of cargo. After Khejuri   Diamond Harbour was the place of anchorage for foreign vessels. In one of his trips he chanced to see a foundering vessel with full cargo close to the mouth of the Hooghly. Out of habit Ramdulal assess the nature of the wreck, cost of recovery and its worth.
After a short while, Ramdulal was sent to attend an auction at Tulloh and Company for certain items to buy. Sadly, all those items were sold out before Ramdulal stepped in. Right that moment, the auctioneer was lustily crying up a wreck – an item out of their next lot. The wreck was no other than the one Ramdulal had recently witnessed. He was tempted to bid with his master’s money. His bid, perhaps the only bid, was accepted. Ramdulal bought the wreck paying fourteen thousand rupees out of his master’s money. Before he left the place, an English gentleman rushed to him insisting on reselling the ship to him. After a long-drawn haggling the Englishman stumped out handsomely and got the sale transferred in his favour.

Back to his master, Ramdulal narrated the whole sequence before he humbly handed over to him the entire resale amount of nearly a lakh of rupees. His master, one of the progenitors of the Nimtala Duttas, had a princely soul. He blessed the boy – so unlike the world, so Roman in his honesty, and said, “Ramdoolal, the money is yours … you sowed the seed and you shall reap the harvest.” It was a treasure to a sarkar of 10 rupees a month. The windfall gift made up the working capital for his business venture that made him exceedingly rich and one of the richest in Calcutta during the lifetime of Madan Dutta. Ramdulal, however, never missed the occasion of receiving from his master his ten-rupee stipend and his blessings on pay days.


Launching of Merchant Ship at Old Fort ghat Calcutta.In no time Ramdulal made a fortune by careful investment and good luck. During growth of consignment trade and agency houses, he was attached to Fairly Fergusson & Company as their banian agent. At the same time he worked independently for other traders, equipped with his outstanding negotiation skills, market intelligence, and his all-round support service, including, establishing local market connections, organizing dadny merchants, market promotion, and financial assistance as well. He was on great demand. His cooperation was also sought by all British agency houses. Ramdulal partnered with the American traders rather than the European companies or English private merchants. Apart maritime trade, Ramdulal had active interest in stocks and shares, and real estates. The genius of Ramdulal, according to his biographer, could transform dross into gold. However, he owed his earthly prosperity mostly to the American merchants whom he served as their local agent, and also invested his own capital with them. American merchants used his credit in their coasting trade in the Bay of Bengal region and shared profit with Ramdulal.



From 1790 American trade with British India grew fast. Mostly the merchant houses of Boston, Salem, Beverly, Philadelphia, Providence, Marblehead, Yankee and New York sent their ships regularly to buy Bengal goods. Every house had its own banians stationed in Calcutta.

Annually 30 to 50 ships sailed to Calcutta, carrying cargo of dollars, iron, lead, brandy, Madeira and other wines, fish, spermaceti candles, mackerel, beef, beer, ice, variety of Europeans articles, tar, large and small spars. On their return the ships took varied types of Bengal goods, including tea, sugar, indigo, linseed, saltpeter, gunny bags, and most importantly, textiles. Many advertisements included lists of Indian textiles, such as bafta, gurrah, mamoody, and bandanna as well as names of the towns, like Alliabad, Dacca, Gaurypore, etc. where the cloths were made. ‘Every housewife in Salem knew the difference between gurrahs and mamoodies’. Of all the textiles exported to America, white cotton goods were by far the most common, although printed and dyed cottons, silk goods, especially handkerchiefs, mixed silk, cotton goods, and woollen shawls were also important. [See Bean] As recorded, the total American trade for the ten-year period beginning from 1795/6 exceeded by about one-fourth that carried on under the flags of all overseas partners including European nations.

The Americans carried on the bulk of their trade through the Indian brokers. It was not simply because of economic reasons they did it, but for the strategic advantage of having the highly competent and experienced Calcutta banians by their side.

The early Americans had treated the Indians with informality, humour and respect. Ramdulal Dey was the most prominent among them, and became a household name among the contemporary American business houses. He exhibited the greatest activity and fascination in alluring the trade of the America to the horbours of Bengal. The bulk of American business passed through Ramdulal’s hands. He came to be quoted as an authority in American commercial circles. So great was the confidence which his constituents in the new hemisphere reposed on his ability and his integrity, that for the first time in the history of Indian commerce, the merchants of America dispensed with European Agents in Bengal altogether. Ramdulal De was given his official work title as Sarkar, because he was a merchant. Later he was known as Ramdulal De(Sarkar)

The extent of Ramdual De’s American connection may be guessed from the array of merchants of whom he was the sole agent in Bengal. The list found from the books of the period immediately following his death.