TREND MAY CONTINUE THROUGH 2020s
Nantoo Banerjee
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2019-12-23 11:14
Gone are the days of the multidimensional industrial house concept. And, so is the leadership of the Marwari business community. India's private sector industrial and business environment has seen a sea change in the last 50 years. Among the majors, the only survivor is the House of Tatas, still holding the top position. Till three decades after the country’s independence from the British rule, a group of 20 ruled the country’s business and industrial scene. It was almost like Japanese Keidanren or South Korean Chaebol. India’s 20 big industrial groups in the 1950s and 1960s were: Tata, Birla, Martin Burn, Sahu Jain, Bird Heilgers, Andrew Yule, Sriram, Mafatlal, Kasturbhai Lalbhai, JK Singhania, Walchand, Thapar, Bangur, Indra Singh, Seshasayee, Ramkrishna, Kirloskar, Mahindra, Sharpoorji and Wadia. Barring Tata, A V Birla group from the Birla clan and Mahindra none other exist in today’s list of leading business groups and enterprises.