In India almost two thirds of the richest listed companies are owned by a single family. Such families control enormous amounts of wealth, wield clout, and are inextricably linked to the nation’s growth story. Most of them, about a-century-old, have weathered internal conflicts over ownership and control and ever-changing macro-fundamentals to proliferate against all odds.
All these have led to emergence of new governing patterns and splitting of businesses, sometimes even resulting in relinquishing professional control to outsiders. They have helped the conglomerates adapt to changes and challenges, and emerge stronger and larger eventually.
In this slideshow, we take a look at some such big names shaping the economic contours of the nation.