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Rahmatullah Mulji Macklai was born in Kera, Kutchh in 1843, but came to Bombay for business purposes. He was a self-made man, whose business of gold and silver flourished due to his efforts. He was the first merchant to introduce the gold bars, bearing the seal of the royal mint to save the people from buying imitation gold. His services in the religious field were incredible. In 1913, he retired and consigned his business to his sons. He died in 1928 at Versova at the ripe age of 85 years and was buried in Bombay.