Formal Indianisation and After, 1976–91

Stephanie Jones

Chapter 6 in Merchants of the Raj, 1992, pp 309-358 from Palgrave Macmillan

Abstract: Abstract Since the Foreign Exchange Regulations Act (FERA), all the managing agencies have undergone almost total change, but to a surprising extent, much evidence of the past remains. This is still apparent in the retention of the old names – such as Shaw Wallace, Jardine’s, McLeod, Gillanders, Balmer Lawrie, Warren, and Octavius Steel — by companies who now have few links with the founders who bore these names. The only relics of the old managing-agency houses which still have a degree of sterling ownership are Macneill & Magor, Warren’s and the Goodricke Group, and in two cases out of three these owners have substantially changed. The Assam Company, through its ownership by Inchcape, would have been a fourth example, until its sale to the Methas of Bermuda in mid-1991.

Keywords: Agency House; Profit Centre; Warren Group; Senior Partner; Indian Partner (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12538-8_7

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DOI: 10.1007/978-1-349-12538-8_7

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