Conglomerate, the words themselves symbolize a corporate group that overlooks multiple business entities In different industries.
It is sometimes a topic of thinking about why they want to grown multi-industry instead of focussing on just one industry making it more profitable, but it because companies have a greater influence on the growth and realizing their impacts due to tho their capital potentials
Here are some of the Indian conglomerates :
A giant conglomerate founded in 1868 by Jassetji Tata, currently run by Natarajan Chandra Sekaran.
Ratan Tata’s 21 years venture has been admired most, during his tenure the profit gained was 50 times and revenue increased by 40 times. Tata group
Has companies in automobile, airline, chemical, defense, finance, home appliances, hospitals, and so on.
- Aditya Birla Group
The group was founded by Seth Shiv Narayan Birla in 1857, currently headed by Kumar Mangalam Birla as its chairman, the group operating on Branded apparel, fashion, Textiles, Chemicals, Telecom and etc.
- Reliance Industries and Ltd.
Founded as Reliance commercial corp 60 years ago by Dhirubhai Ambani. Partitioned after Dhirubhai Ambani’s death between his two sons, Reliance industries is owned by
Mukesh Ambani, the company owns oil, Textile, banking, and telecommunication enterprises throughout India.
Founded as a commodity trading firm in 1988, started trading coal in 1999, and ventured for edible oil under the Fortune brand. the group currently holds energy, resources, real estate, financial group, and so on.