India's 10 Oldest Family Owned Businesses
The Godrej Group
Ardeshir Godrej founded the Godrej Group in 1897 to manufacture locks. They are present in industries such as furniture, industrial engineering, real estate, agri-business, construction, information technology and FMCG. It’s currently managed by the 4th generation of the family. The group has revenue of $3.5billion. They employ 26,000 people. The present chairman of the group is Adi Godrej.
The Kirloskar Group
The kirloskar Group was set up in 1888 as Kirloskar Brothers Limited. The group came to prominence and achieved high success under the leadership of Laxamanrao Kirloskar. They are into engineering and manufacturing of pumps, engines, valves and compressors. They are also into the construction business. They have more than 18000 employees and $2.50billion revenue. The current chairman of the group is Sanjay Kirloskar.The Modi Group
Rai Bahadur Gujrarmal Modi established the Modi group in 1933. They have a diversified business portfolio-tea and beverages, restaurants, education, entertainment, consumer products, healthcare, food and hospitality. They have $2.8billion revenue and offer employment to 28,000 people. They are headquartered in New Delhi. The current chairman is Krishan Kumar Modi.
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