The emergence of 4 species of Indian goliaths
In a newly opened-up economy, first-generation entrepreneurs pushed forward, unsettling the traditional pecking order. Several prominent business family groups collapsed entirely, others simply slid down the rankings. Art: The Indian Ambassador by Sunil Padwal, 2020
(Courtesy: Sunil padwal/Galleryske)
Gita Piramal
Post 1991, Indian entrepreneurs curious to explore the world’s markets and technologies were encouraged rather than discouraged by the state
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As they mature, business sectors consolidate. By its very nature, consolidation creates goliaths.
In the 1990s, four species of goliaths emerged in India. One was global: transnationals who collect companies across the world, including in India. The other three are wholly Indian in parentage, surfacing from big business family groups, fresh talent and the government. Almost every major sector has its own sub-set of two or three goliaths, drawn from any of the four paren
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Medha Uniyal
Medha Uniyal is a student of Xavier s College, Mumbai, pursuing Bachelors in Mass Media Honors. She interned with Narmada Bachao Andolan in 2013 for two months. Medha writes for GoI Monitor, a web magazine managed by a group of activists, journalists and web developers. The initiative was the result of a need to have an independent platform examining policies of the government whether at the level of Centre, state, city or a village.
15th Jun 2017