Page Industries got the underwear out of the closet and achieved a decadal success story like no other. A slowing economy has dented its sheen, but the company believes it is still in a sweet spot.
A total of 111 companies, with combined market cap of around $839 bln, put India at number three globally in terms of number of family-owned companies, according to Credit Suisse Research Institute.
Page Industries, the company that has the licence to make Jockey innerwear in the subcontinent, is showing bigger companies the way to create shareholder value even without owning a brand.
