The Nizam of Hyderabad who was during his heyday one of the ten richest men of the world had his own railway known as the Nizam State Railway. These British � owned private companies enjoyed a monopoly until railways were nationalized after India became a free nation on August 15, 1947. Bombay Baroda and Central Indian Railway. There were many of them with the more prominent being, Madras and Southern Mahratta Railway. incorporated in England.That was the period railways in India were in the private sector and were incorporated in England with their stocks and shares quoted on the London Stock Exchange. As the legend goes she was left with no option than to resort to begging, singing for alms and copper coins in running trains in and around Trichy which was then the headquarters of the privately owned South Indian Railway, (S.I.R). K odumudi Balambal Sundarambal hailed from Kodumudi, a small town near Trichy and was born in 1907 on the wrong side of the tracks in abject poverty.