Some of India's Great Business Families
TATA BIRLA COMPANY Tata Group, started in Birla Group, started 1868 by Sir Jamsetji in 1862 by Tata Sheonarayan Birla CURRENT Ratan Tata Great-great-grandson CHIEF 59 Kumar Birla, 29 BUSINESS Steel, truckmaking, Cement, textiles, power generation, rayon, aluminum, chemicals, hotels, iron, petroleum computers, consult- refining, telecom ing, consumer goods, telecommunications REVENUES $9 billion $5 billion PROSPECTSJury is still out; it Unclear; empire will be tough to con- needs consolidation solidate the empire and focus RELIANCE MAHINDRA COMPANY Reliance Industries, Mahindra & Mahindra, started in 1969 by started in 1945 by Dhirubhai Ambani Jagdish Mahindra and brother Kailash CURRENT Sons Mukesh, 39, and Grandson Anand CHIEF Anil, 37 Mahindra, 41 BUSINESS Textiles, polyester Tractors, sport-utility fiber, petrochemicals, vehicles, passenger oil & gas, cars, real estate infrastructure REVENUES $2.4 billion $1.4 billion PROSPECTS Strong entrepreneur- Bright; has managed ial drive with global transition well; global plans ambitions BAJAJ THAPAR COMPANY Bajaj Group, founded Thapar Group, found- in 1945 by Jamnalal ed in 1943 by Karam Bajaj Chand Thapar CURRENT Son Rahul Bajaj, 59; Son Lalit Thapar, 66; CHIEF grandson Rajiv, 30, five grandnephews being groomed next in line BUSINESS Scooters, mopeds, Paper, chemicals, motorcycles agricultural products REVENUES $1.2 billion $1.1 billion PROSPECTS Strong brands but Dismal; uncompeti- needs improved tive in new era; technology squandering family fortune AMALGAMATIONS ARVIND COMPANY Amalgamations Group, Arvind Group, found- started in 1938 by ed in 1931 by Anantha Kasturbhai Lalbhai Ramakrishnan CURRENT A. Sivasailam, 62 Grandson Sanjay CHIEF Lalbhai, 43 BUSINESS Tractors, auto compo- Textiles nents, plastics REVENUES $630 million $350 million PROSPECTS Bright; company Sanjay resurrected the markets well and company but needs to benefits from growth stress cost-cutting and in agriculture technology RAMCO COMPANY Ramco Group, started in 1935 by P.A.C. Ramaswamy Raja CURRENT Grandson P.R. Venkat- CHIEF rama Raja. BUSINESS Cement, building products, textiles, software REVENUES $250 million PROSPECTS Good; company has innovative products and cheap, skilled labor
Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.