India's 10 Oldest Family Owned Businesses

By SiliconIndia   |   Monday, 10 February 2014, 12:53 Hrs   |    1 Comments
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Bangalore: “Before the multinational corporation, there was family business. Before the industrial revolution, there was family business. Before the enlightenment of Greece and the empire of Rome, there was family business,”–said Willium O Hara, an academician specializing in family business to demonstrate the longevity and endurance of the family businesses tradition. In the Indian context, we hear a lot about family businesses during the succession battles. But their impact on nation building, wealth creation and employment generation is no less. And their impact on market? The sensex went down 80 points on 3rd Aug 2005 when Anil Ambani raised ownership issues in the board meeting the same day. Read on to better understand 10 old Indian family businesses-

The Tata Group

Established in 1868 by Jamshedji Tata as a trading company, the Tata Group has become the global face of Indian business. It has 32 listed companies with a market capitalization of 6 trillion. The number of people employed in various Tata companies is 4,55,947. Its major companies include Tata Motors, Tata Consultancy Services, Tata Power, Titan Industries and Taj hotels. The group has a strong tradition of philanthropy; they were awarded the Carnegie Medal of Philanthropy for outstanding philanthropic activities.

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