​​India’s oldest conglomerates: 10 pre-independence giants still leading the market​

Aug 13, 2024

By: Prerna Tyagi

Credit: TOI

Wadia Group​

One of India's oldest conglomerates, the Wadia Group, was established in 1736 by Lovji Nusserwanjee Wadia. Originally starting as a shipbuilding company, Wadia Group soon diversified into various sectors, including textiles, food, and chemicals. Britannia Industries, one of its notable companies, is a household name today, famous for its biscuits and dairy products.

Credit: TOI

​State Bank of India (SBI)​

Founded as the Bank of Calcutta in 1806, SBI has evolved into India's largest public sector bank. It was rebranded as the State Bank of India in 1955 after India's independence. SBI provides comprehensive financial services and has been the cornerstone of India’s banking industry.

Credit: TOI

Tata Group​

Tata Group, established by Jamsetji Tata in 1868 started with a textile mill. The group has since expanded into steel, automotive, technology, and numerous other sectors. Tata Consultancy Services (TCS) is a global leader in IT services. With ventures such as Tata Motors, the group's diverse portfolio continues to have a profound impact on both Indian and global markets.

Credit: TOI

Dabur India Ltd​

Dabur India Ltd, founded by Dr S.K. Burman in 1884, is a pioneer in Ayurveda-based healthcare products. With its roots in traditional Indian medicine, Dabur has grown into one of India’s leading FMCG companies with products like Dabur Chyawanprash and Dabur Honey.

Credit: TOI

​Kirloskar Group

The Kirloskar Group, established in 1888, is one of India's oldest engineering conglomerates. Known for its manufacturing expertise, particularly in engines and machinery, the group played a significant role in India’s industrialisation. Today, Kirloskar continues to be a major player in engineering, contributing to sectors like agriculture, power, and construction.

Credit: TOI

Godrej Group​

The Godrej Group was founded in 1897 by Ardeshir Godrej, who initially made his mark with a locks manufacturing business. Over the years, the group has diversified into consumer goods, real estate, and appliances. Godrej Consumer Products has a presence in the FMCG sector as well, with popular brands like Cinthol and Good Knight.

Credit: TOI

Lakshmi Mills

Established in 1910 in the textile hub of Coimbatore, Lakshmi Mills has been a key player in India’s textile industry. The company specialises in producing high-quality cotton yarn and fabrics, serving both domestic and international markets.

Credit: iStock

​J.K. Group​

Founded in 1918, the J.K. Group has a diverse portfolio spanning the cement, paper, and automotive industries. J.K. Lakshmi Cement is a major player in the construction sector, while J.K. Tyre is renowned for its innovative tire solutions.

Credit: TOI

Bajaj Group

The Bajaj Group, established by Jamnalal Bajaj in 1926, has become a household name in India. Bajaj Auto, the flagship company, revolutionised the two-wheeler and three-wheeler segments, becoming a global leader. Bajaj Finserv has also made a significant impact in the financial services sector, offering a range of products including insurance, lending, and wealth management.

Credit: TOI

​Hindustan Unilever Limited (HUL)​

Hindustan Unilever Limited, originally founded as Hindustan Lever Limited in 1933, has been a key player in India's FMCG sector. The company is known for its wide range of popular brands, including Lux, Dove, and Surf Excel.

Credit: TOI

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