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From “Outsider” to Insider: The Case of Reliance

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  • Mazumdar, Surajit

Abstract

At the time of India’s liberalization, the Reliance group was already one of India’s leading business groups and in subsequent years it has only solidified its place at the top of India’s corporate hierarchy. Reliance was not, however, among the “traditional” large groups that emerged during the colonial era and remained dominant in the mid-1960s. This paper traces the story of the Reliance phenomenon and briefly discusses the process (method) by which that story was constructed. In addition to demystifying the phenomenon, the paper seeks to demonstrate there is sufficient evidence available to assert that the basis for the success of Reliance was fundamentally no different from that which other groups used to perpetuate their dominant position, and that the roots of this success lay in the nature of Indian capitalism.

Suggested Citation

  • Mazumdar, Surajit, 2016. "From “Outsider” to Insider: The Case of Reliance," MPRA Paper 93162, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93162
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    File URL: https://mpra.ub.uni-muenchen.de/93162/1/MPRA_paper_93162.pdf
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    Citations

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    Cited by:

    1. Surajit Mazumdar, 2023. "The Multi-entity Structure and Control in Business Groups," India Studies in Business and Economics, in: Achin Chakraborty & Indrani Chakraborty (ed.), Indian Business Groups and Other Corporations, chapter 0, pages 111-128, Springer.
    2. Mazumdar, Surajit, 2018. "The Incomplete Transition: Stunted Industrialisation and the Historical Development of India's Big Business Class," MPRA Paper 104967, University Library of Munich, Germany.

    More about this item

    Keywords

    Business Group; Reliance; Capitalism;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • N8 - Economic History - - Micro-Business History
    • N85 - Economic History - - Micro-Business History - - - Asia including Middle East

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