How Reliance Won - Commoncog

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How the Ambanis became the richest family in Asia. Part 6 in the Asian Conglomerate Series

Note: This is Part 6 in a series of articles and cases on Asian Conglomerates. Read Part 5 here. You may read more about the Asian Conglomerate Series here, or view all the published cases here.

This is a companion discussion topic for the original entry at https://commoncog.com/how-reliance-won
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Thank you. This was well done. I want to note some interesting parallels I observed:

  • Reliance seems to have started as a middle man in polyester, first expanding backward into production and later forward into shops (or distribution); this reminds me of the book Merchants of Grain, in which many of the biggest players were middlemen who reinvested profits into grain depots, elevators, barges, ships and other assets.
  • Like those grain companies, he continually invested retained earnings to grow, which reminds me a lot of the Mars family.
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