Abstract:
India has an almost unique system of promoters who own and manage much of the corporate sector. There are the eponymous promoter groups that have been around for decades such as Tatas, Birlas, Mahindras, Bajajs, Goenkas and Godrejs. There are the relative newcomers such as the Ambanis of Reliance, the Mittals of Bharti, the Agarwals of Vedanta, the Biyanis of the Future group, the Singhs of erstwhile Ranbaxy, etc.