Early Life
Balaji Janardan Bhanu was born in a Chitpavan Brahmin family in Satara in 1742 and was nicknamed 'Nana'. His grandfather Balaji Mahadaji Bhanu had migrated from a village called Velas near Shrivardhan during the days of the First Peshwa Balaji Vishwanath Bhat. The Bhats and the Bhanus had family relations and very good friendship. The two families had respectively inherited the 'Mahajan' or village-head positions of the towns of Velas and Shrivardhan. Balaji Mahadji had once saved the Peshwa from a murderous plot by the Mughals. The Peshwa therefore recommended Chattrapati Shahu to award the title of Phadnavis (one of the Ashtapradhan) on Bhanu. Later, when the Peshwa became the de facto head of state, Phadnavis became the main minister who held key portfolios of Administration and Finance for the Maratha Empire during Peshwa regime.
Nana was the grandson of Balaji Mahadji Bhanu and had inherited his grandfather's name keeping up with the tradition. The Peshwa treated him like family and extended the same facilities of education and diplomatic training as his sons, Vishwasrao, Madhavrao and Narayanrao. He continued to be the Phadnavis or the finance minister for the Peshwa.
Read more about this topic: Nana Fadnavis
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