Goras and Desis

Book excerpt: ‘An insightful view on the origin and evolution of Indian corporates’ – N.R. Narayana Murthy The story of corporate India is linked to managing agencies, an organizational form dominant in the subcontinent from 1875 until its abolition in 1970 that allowed entrepreneurs to promote diverse companies while exercising disproportionate control over cash flows. This is the definitive economic history of Indian companies through the lens of managing agencies, whether controlled by goras or desis. ‘An informed analysis of the ways of Indian business’ – Sanjaya Baru ‘A fascinating history of the precursors of corporate India’ – K.V. Kamath ‘A very timely perspective and a delightful read’ – Ashok S. Ganguly