Journal of Commerce and Management Thought
  • Year: 2018
  • Volume: 9
  • Issue: 3

Business in the Blood

1Assistant Professor at Department of Commerce (e-Commerce), NGM College, Pollachi. Email Id: kdharshana13@gmail.com

2Associate Professor & Head, PG & Research Department of Commerce, NGM College, Pollachi

Online published on 17 July, 2018.

Abstract

Deep rooted cultural values, a joint-family structure; so many reasons make India the bedrock of family owned businesses. Right from the Indus Valley Civilization to modern times, family businesses in India are thriving and growing at an aggressive rate. Do you know that the world's oldest family owned business comes from India-House of Mewar? It was founded in 734AD and has been unbroken for 76 generations! The Foundation laid by those leaders has created an impact on nation building, wealth creation and employment generation. The present study is an attempt to throw light on the founders of those great family business houses in India and the importance of Indian family business.

Keywords

Family business-India-Founders-Generations-Succession