Business in the nehru era

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Business in the Nehru era - Unitedworld School of Business

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Business in the nehru era

  1. 1. Introduction Nehru Govt. introduces new strategy and formed a model for development and expansion of Industry. After death of Nehru the depiction started to crawl in the economy. After Nehru, Lal Bhadur Sastri, But he didn’t do much to grapple with the crisis as his tenure last only for 20 months. After Lal Bhadur Sastri, Nehru’s daughter Indira Gandhi took place and start working to improve the economy of India. She decided to bring all the major Indian commercial Bank under State Control. Under Nehru era Pvt. Enterprise system didn’t suffered much and registered good progress, even all the old establishment registered impressive gain and many new Groups emerged during that time.
  2. 2. MAIN PLAYER TATA TCS TISCO TELCO TATA FINLAY NEW INDIA ASSURANCE COMPANY TATA AIRLINES TATA
  3. 3.  TISCO (Tata Iron and Steel company) Largest company in the country on the eve of independence.  TELCO (Tata Engineering and Locomotive Company) The manufacturer of locomotive for Indian Railways
  4. 4.  Tata Airlines Was born as Air India international in 1948 in which government had 49 per cent, Tata's with 20 percent stake and remaining 31 per cent were left for public participation.  New India Assurance Company It handles general insurance, Which would not be nationalized until much later
  5. 5.  Tata Finlay It was launched in 1963 in partnership with James Finlay as a sterling firm to produce tea.  TCS (Tata Consultancy Services) It was established in 1968.
  6. 6. OTHER PLAYERS  Birla Hindalco TEXMACO  Hindustan motors
  7. 7. SMALL PLAYERS  Thapars  Kirloskars  Mfatlals  Lalbhais  Walchands  Shri Rams
  8. 8. The New Entrants 1. In Post-Independent multiple number of new companies came into existence in India. 2. The Old companies before independence have gained success and achieve growth. 3. In Nehru era most of his policy was Criticized because He was not Interested in privet sector. 4. The major industries that dominate Indian Business before and after Independence under went substantial expansion and consolidation. 5. The Companies that had emerged are BAJAJ, MAHINDRA etc.
  9. 9. The Public Sector  Jawahar Lal Nehru was criticized for giving undue importance to public sector at the cost of the privet section. 67 Public sector undertaking setup was done during his lifetime. Only 50 were engaged in real sense. 15 out of these 50 companies were large enough like Bharat Heavy Electrical Ltd. Oil And Natural Gas Corporation. Indian Oil, Air India.etc.  In the Nehru Era The Govt. decided to developed a Special Managerial Cadre For Public Sector.
  10. 10. Expatriates And Multinationals  In Nehru Era The Expatriates faced a major set lack. EAST INDIA Downfall of groups like Andrew & Bild due to labor problem in west Bengal. Andrew sold companies to *** But taken over by government. End of largest & oldest European group. Blind group. Difficult to manage. Unique method by disinvestment. Gave stocks to employees and executive instead of corporate. Later taken over by Govt.
  11. 11. Expatriates And Multinationals SOUTH INDIA Pary and Binny Expatriate Groups. Went through expansion and re organization. Converted to joint stock company. Opportunities for Indian After Independence Subsidiaries Of Expatriates controlled by the foreign multi nationals Continued to expand. Six new undertaking were established. Indianized their management. Unilever changed to Hindustan lever lmtd. In 1965 Entered New fields like Soap And Detergent. Imperial Tobacco Changed To Indian Tobacco Company And remained Cigarette Manufacturing concern till 1960. No other company had any complaints except the expatriates at the end of Nehru era.
  12. 12. Campus Overview 907/A Uvarshad, Gandhinag ar Highway, Ahmedabad – 382422. Ahmedabad Kolkata Infinity Benchmark, 10th Floor, Plot G1, Block EP & GP, Sector V, Salt-Lake, Kolkata – 700091. Mumbai Goldline Business Centre Linkway Estate, Next to Chincholi Fire Brigade, Malad (West), Mumbai – 400 064.
  13. 13. THANK YOU

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