COMPANIES THAT HAVE SURVIVED 100 YEARS IN INDIA
Two World Wars, the Great Depression, India's independence struggle, the Hindu rate of growth, the licence-permit raj, controls on foreign exchange and expansion, and the reforms of the 1990s: a handful of Indian companies have seen it all, and adapted along the way to do well. India has around three dozen century-old companies that are listed and still actively traded. Of these we have selected a dozen that have done especially well at responding to change. "Response to change is the first condition for survival in business," says Dwijendra Tripathi, a former IIM professor who authored The Oxford History of Indian Business. A hundred years is a long period. Dive into the exciting journey of these intrepid survivors.
1788: Breen & Co founded; to become Jessop in 1820
1838: The Times of India launched
1898: Calcutta becomes first city in India to get electricity
1902: Shalimar Paints sets up first paint factory in SE Asia
1902: Tatas open first hotel, Taj Mahal Palace
1910: Advent of electricity helps Britannia biscuits mechanise operations
1911: Shift of India's capital to Delhi announced; ITC gets stalls to advertise at Durbar
1919: Birlas defy Yule and other Scots to get into jute manufacture, WWI fuels boom
1926: Kirloskar makes first diesel engine in India
1929: TVS bags General Motors' dealership
1931: CESC builds tunnel under river Hoogly
1940: For the first time, The Times of India publishes news items
1945: Britannia sales surge, fuelled by contract to supply biscuits to Allied troops
1951: R.D. Birla acquires control of Century Textiles
1953: Bengal Chamber of Commerce completes a 100 years
1958: Godrej & Boyce makes the fi rst Indian refrigerator, in collaboration with GE
1969: Managing Agency system abolished
1975: ITC makes first diversification, into hotels
1988: Jessop celebrates 200 years of existence
1998: Burman family hands over Dabur management to professionals
2007: Tata Steel acquires Corus
Century-old companies but still young |
|
1. |
Bennett, Coleman & Co: Just in times |
2. |
Britannia: Not by bread alone |
3. |
Century Textiles & Industries: Century's century |
4. |
CESC: Power to the people |
5. |
Dabur: Growth tonic |
6. |
Godrej & Boyce: Safe and sound |
7. |
Indian Hotels: Halls of fame |
8. |
ITC: Imperial touch |
9. |
Kirloskar Brothers: Pump and Show |
10. |
Shalimar Paints: Paintmaker iconic |
11. |
Tata Steel: Nerves of steel |
12. |
TVS: Cruise control |
13. |
The 100-year old banks |
14. |
Jessop & Company: Grandpa of them all |
15. |
Web exclusive: Bombay Dyeing reinventing itself |
16. |
Web exclusive: DCM hopes to thrive again |
17.. |
The others |
Source: Business India