Albert Abid. was a Jew and a valet of Mir Mehboob Ali Khan, the sixth Nizam of Hyderabad. In course of time, he became quite rich and so he set up a shop where the present Palace Talkies and Bank of Baroda are located. He called it ‘Abid and Company’. It was the first shop – and for a long time – the only one in that area-the place was known as Abid Shop. Gradually more shops came to be built around it and in time the area from Chirag Ali Lane to the trijunction came to be known as Abid Road.
19. Hyderabad’s Rajpramukh:The Nizam signed the Instrument of Accession and the State was integrated into the Indian Union. Though deposed, he was allowed to stay on in Hyderabad wherein he accepted the position of Rajpramukh when the state government was established in 1950. He occupied this office till the formation of Andhra Pradesh in November 1956.