No one does business like the Gujaratis do! The proof is in the size of their wallets!

When it comes to wealth in India, Gujaratis have been ruling the roost since times immemorial.

Now whether the business strategies are abundantly stored in gram flour of Dhokla or in Theplas are yet to be known, yet half of the top ten Indian billionaires figuring in the list of Bloomberg Billionaires are Gujaratis.

According to a news report by The Economic Times, one in three CFOs of the Nifty companies is a South Indian. The founders of most of the leading eCommerce start-ups in India (Flipkart, Myntra, Snapdeal, Zomato, Goibibo and Ola Cabs) hail from North India. While this data does not reveal any special talents to be specific to only certain kinds of castes, it shows how certain ethnic groups dominate certain activities in Indian business.

"Historically, the communities that have been involved in a profession have had the traditional advantage of knowing the integrity and nuance of that trade," professor Avathhi Ramaiah of centre for study of social exclusion and inclusive policies at the Tata Institute of Social Sciences told the financial daily.

(Image: India Times)