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Corporate Organization in Ancient India — The Shreni System

In: FRESH PERSPECTIVES ON INDIA’S ORGANIZATIONAL DIMENSION

Author

Listed:
  • Alka Maurya
  • Veenus Jain
  • Pallavi Mohanan

Abstract

This chapter explores the structure and functioning of the Shreni system in ancient India. Shreni was an association of traders, merchants, and artisans, and generally, a separate Shreni existed for a particular group of persons engaged in the same vocation or activity. The guilds regulated manufacturing standards, trade, ethical codes, prices, and the quality of crafts. The chapter discusses the welldocumented references to the existence of Shreni from the 5th century BC and how some Shreni became very wealthy with surplus resources, acting as custodians and bankers of religious and other endowments. The chapter also explores how each economic activity and craft had its own specific traditions and trade secrets, and how Shreni played a crucial role in regulating these activities. The study concludes that the Shreni system was an essential part of ancient Indian society and played a significant role in regulating the economy and society.

Suggested Citation

  • Alka Maurya & Veenus Jain & Pallavi Mohanan, 2024. "Corporate Organization in Ancient India — The Shreni System," World Scientific Book Chapters, in: Vipin Gupta & Samir Ranjan Chatterjee & Alka Maurya (ed.), FRESH PERSPECTIVES ON INDIA’S ORGANIZATIONAL DIMENSION, chapter 14, pages 263-273, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811296444_0014
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    More about this item

    Keywords

    Organizational Design; Performance; Organizational Learning; Digitisation; Organizational Structure; Organizational Change; Indian Organizations;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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