When Lord Swraj Paul shook Indian businesses from thousands of miles away and pushed Bajaj, Godrej & Co to form 'Bombay Club'
Published on: Aug. 22, 2025, 1:01 p.m. | Source: Economic Times
Lord Swraj Paul's hostile takeover attempts of Escorts and DCM in the 1980s, though unsuccessful, significantly impacted India's corporate landscape. These bids exposed vulnerabilities in corporate governance, prompting regulatory reforms and the formation of the Bombay Club. This influential group of industrialists advocated for safeguards against foreign takeovers during India's liberalisation era, leaving a lasting mark on business policies.
