India's 10 Oldest Family Owned Businesses
The Mahindra Group
Brothers J.C Mahindra and K.C Mahindra along with Malik Ghulam Mohmad started a business in 1945 to trade steel. Later the company was known as Mahindra and Mahindra. Currently, they have $15.9billion revenue and employ 1, 55,000 people. They are into automobiles, aerospace, agribusiness, retail, real estate, agri-business and information technology. The major subsidiaries of the group are, Mahindra & Mahindra, Mahindra Satyam, Tech Mahindra and Mahindra Aerospace.
Raymond Group
In 1925 the Raymond mill was set up in Thane to produce woolen blankets. Raymond is currently one of the leading fashion retailers and fabric manufacturers of India with revenue of $210 million. They produce fabrics, designer wear, denim, toiletries and engineering files and tools. They are also into air charter services. The major brands of the Raymond group are, Raymond, Park Avenue, Parx, and Raymond Apparel.
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