Global Titans: Early Corporate Development in India’s Steel Industry and the Legacy of British Imperialism

Abstract

There is a surprisingly limited amount of research and information that focuses on the rise of India’s indigenous steel industry while under colonial governance. There is even less that focuses on early corporate development. Yet, a clear picture begins to form when putting together pieces of the larger story that exists with the plethora of information available on colonial economic policy and the British railway projects. India’s steel industry is a remarkable feat that emerged from the grip of imperialism and has grown into a global leader in the field. Even more remarkable is the story and journey of Tata Steel and Iron (TISCO)—a private corporation founded during imperial rule that led the industry through two world wars and the end of the colonial era. The early corporate development within TISCO shows how this company—and by extension the steel industry at large—was able to emerge as an independent entity and, eventually, grow into a global titan.