Most "family" businesses (like Chaebols in Korea, Keiretsu in Japan) are diversified to reduce risk.
This is in fair contrast to vertical integration often seen in Western companies (and also some rare instances when the state orders it) who only diversify when opportunities arise, not for risk reduction.
I'm not sure it's all of them really. Electricity, water, waste disposal and intra state roads are usually state/city owned utilities in India, with Highway, Railway and most of the Oil and Gas ones under the central government. Some are taken up by both, like public education. Even for the ones that Tata and Reliance are fairly nestled in, there's government owned competitors (ex. Steel manufacture and Telcom)
It's genuinely impressive how many domains they've conglomerated into, I'd compare them to Samsung. Kinda helps that the family is more of the industrialist kind rather than the pure corpo kind, though I really wouldn't be surprised if they had controversies of their own
10 Comments
UnderpantsWeevil@lemmy.world · 19 pts · 10d
Haha. Love a suffocating conglomerate that has privatized all my country's domestic utilities and critical infrastructure. Lolz.
Great add. 5/7. tips fedora
kunaltyagi@programming.dev · 2 pts · 9d
Most "family" businesses (like Chaebols in Korea, Keiretsu in Japan) are diversified to reduce risk.
This is in fair contrast to vertical integration often seen in Western companies (and also some rare instances when the state orders it) who only diversify when opportunities arise, not for risk reduction.
technohacker@programming.dev · 1 pts · 10d
I'm not sure it's all of them really. Electricity, water, waste disposal and intra state roads are usually state/city owned utilities in India, with Highway, Railway and most of the Oil and Gas ones under the central government. Some are taken up by both, like public education. Even for the ones that Tata and Reliance are fairly nestled in, there's government owned competitors (ex. Steel manufacture and Telcom)
I'm necessarily summarising here, but there's a non-negligible level of public sector competition here: https://en.wikipedia.org/wiki/Public_Sector_Undertakings_in_India
technohacker@programming.dev · 8 pts · 10d
It's genuinely impressive how many domains they've conglomerated into, I'd compare them to Samsung. Kinda helps that the family is more of the industrialist kind rather than the pure corpo kind, though I really wouldn't be surprised if they had controversies of their own
TheMightyCat@ani.social · 7 pts · 10d
https://nos.nl/zoeken?q=tata&page=1
Pick any article here really, its all controversy.
Tata steel is not really a well liked name in the netherlands
technohacker@programming.dev · 1 pts · 10d
Oof, yeah that's rough. Thanks for sharing this though, this is the first time I'd heard of Tata owning steel manufacture overseas too
JusticeForPorygon@lemmy.blahaj.zone · 2 pts · 10d
I was just about to make a joke about Samsung in South Korea
grue@lemmy.world · 7 pts · 10d
Wholesome failure of antitrust law.
Chronographs@lemmy.zip · 5 pts · 10d
My first time ever hearing of the tata group
Skullgrid@lemmy.world · 4 pts · 10d
Lemon it's called vertical integration