Early Life
Walchand Hirachand was from a gujarati Jain hailing from Wankaner Gujarat, which settled in Sholapur in Maharashtra. He was born in Solapur, Maharashtra in a Digambar Jain family engaged in trading and money lending. He matriculated in 1899 but was not interested in the family business. He found the railway contracting business to his liking and became a railway contractor for constructions in partnership with a former railway clerk, Laxmanrao Balwant Phatak; the partnership later became Phatak-Walchand private limited. Walchand proved to be a successful railway contractor but was open to other business ideas as well.
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