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In the nineteenth century, a tiny community from the deserts of Rajasthan spead out to every corny of India. The Marwaris controlled much of the country's inland trade by the time of the First World War. They then turned their hand to industry and, by the 1970s, owned most of India's private industrial assets. Today, Marwari businessmen account for a quarter of the Indian names on the Forbes billionaires list.
What makes Marwaris so successful? Is it their indominitable enterprise, or their incredible appetite for risk? In this new book, Thomas A. Timberg shows how the Marwaris rely on a centuries-old system for conserving and growing capital which has stood them in good stead, alongside a strong sense of business ethics which has earned them respect.
Family businesses in general and the Marwaris in particular might have a vital rold to play in shpaing India's economin future. This book tells us why.
- Sales Rank: #1644715 in Books
- Published on: 2014-08-27
- Original language: English
- Number of items: 1
- Dimensions: 1.00" h x 5.10" w x 7.80" l, .60 pounds
- Binding: Hardcover
- 216 pages
Review
An engaging study of India s leading business community ... strong [and] research driven ... imparts useful business lessons. --Hindu Business Line
A great read for anyone interested in getting a better understanding of Indian business history. --Business India
About the Author
Thomas A. Timberg is a scholar and consultant on economic development. His writings cover subjects ranging from Baghdadi Jews in India to contemproary microfinance and Islamic finance. His Harvard doctoral dissertation was on the Marwaris as industrial entrepreneurs and he has continued to follow the affairs of the members of this community.
Gurcharan Das is a world-reknowned author, commentator and public intellectual. His bestselling books in India Unbound and The Difficulty of Being Good; his newest book is India Grows at Night. A graduate of Harvard University, Das was CEO of Procter & Gamble India before he took early retirement to become a full-time writer. He lives in Delhi.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Nothing to be appreciated
By Meghana Atre
This book doesn't actually give strategies employed by Marwaris. This is more a list of Marwari families who have set up culture of independent business. Actually they also did policy changes by using corrupt practices with ruling party to benefit their businesses.
1 of 1 people found the following review helpful.
good but not great
By indranil Roy
I had a lot of expectation when I purchased the book. But the book does not go into specifics and deals mostly in generalities. The language is also not great. One can get a general idea of family firms of India through this book.
0 of 0 people found the following review helpful.
The Marwaris - Quintessential Business Families
By JITENDRA MUCHHAL
Somehow, the book just fails to capture the true ethos, enterprise, vision and expanse of the Marwari Community and its immense contribution to business and industry - especially in the Indian sub continent - and almost like the Rajasthan desert leaves one more thirsty than quenched. Much of the book is spent in an attempt at focusing into the origins and family trees of a limited number of famous Marwari dynasties - namely the Birlas and Goenkas.
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