Ismail Merchant (December 25, 1936 - May 25, 2005) was an Indian-born film producer, best known for the results of his famously long collaboration with Merchant Ivory Productions which included director James Ivory and screenwriter Ruth Prawer Jhabvala. Their films won six Academy Awards.
Born Ismail Noormohamed Abdul Rehman, he was the son of Hazra Memon and Noormohamed Haji Abdul Rehman, a Mumbai Memon textile dealer. He studied at St. Xavier’s College, Bombay. When he was 22, he traveled to the United States to study at New York University, where he earned an M.B.A..
In 1961, he made a short film, The Creation of Woman. It was shown at the Cannes Film Festival and also received an Academy Award nomination.
Source - http://en.wikipedia.org/wiki/Ismail_Merchant