Blackstone's bid to acquire the promoter stake in Cipla, India's third-largest drug company, highlights the fact that an integral part of India's industrial history is set to fade into museums. Cipla has been closely associated with India's struggle for independence, with Khwaja Abdul Hamied forming the company in 1935, chartered by India's most influential independence fighters, including Mahatma Gandhi and Subhash Chandra Bose.