India's Top Family Run Businesses

By siliconindia   |   Wednesday, 09 November 2011, 00:23 IST
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Bangalore: India has the highest percentage of family businesses in Asia, accounting for 67 percent of the listed companies with market capitalization of more than $50 million, reveals a recent survey conducted by global financial services major Credit Suisse. The report stated that 663 out of 983 listed Indian firms were family businesses and they account for half of all corporate hiring. Family businesses in India account for 46.8 percent of the total market capitalization, it said. The study, however, found that the family-controlled businesses were delivering impressive investor returns and have been crucial sources of wealth and job creation. Here is the list of the top listed family run companies.
1.Reliance Industries Founded by Dhirubhai Ambani in 1966 as Reliance Commercial Corporation, Reliance industries is the largest private sector conglomerate company in India. The company was divided between the founder's two sons, Mukesh Ambani and Anil Ambani in 2006. In September 2008, Reliance Industries was the only Indian firm featured in the Forbes's list of "world's 100 most respected companies". In 2010, the company occupied the13th position in the Platts Top 250 Global Energy Company Rankings. However the company's petrochemicals, refining, oil and gas-related operations form the core of its business, other segments of the company include textiles, retail business, telecommunications, and special economic zone (SEZ) development. Reliance Retail has moved into the fresh food market as Reliance Fresh. Almost 23,365 employees work in the Reliance industries. The company operates 24-hour call centers, monitors the company's fiber-optic network on giant video screens, and updates data services provided to mobile-phone subscribers.

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