Which one of the following British firms was taken over by Soorajmull-

June 1, 2025 by rawan239

Which one of the following British firms was taken over by Soorajmull-Nagarmull group ?

[amp_mcq option1=”McLeod” option2=”Octavius Steel” option3=”Davenport” option4=”Andrew Yule” correct=”option4″]

This question was previously asked in

UPSC CDS-1 – 2021

Download PDF Attempt Online

The correct answer is B) Octavius Steel.

The Soorajmull Nagarmull group, a prominent Indian business house, acquired control of the British managing agency firm Octavius Steel and Co. Ltd. in the post-independence era.

During the period of decolonization and the subsequent decades, many British managing agency houses operating in India were taken over by Indian business groups. Soorajmull Nagarmull was one such group that expanded its empire through these acquisitions, including that of Octavius Steel, which had interests in jute, tea, and other sectors.

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