Corporate Review

Interesting Facts about 10 leading Indian Companies’ Names

Business
Interesting Facts about 10 leading Indian Companies' Names

What’s in a name?

Well, there is a lot. The phrase given by Shakespeare explains that names themselves do not hold worth nor meaning. However, that becomes completely pointless when we discuss the names of companies. As Netflix co-founder, Marc Randolph says

“Picking a name is incredibly difficult. For one thing, you need something catchy, something that rolls off the tongue and is easy to remember. One- or two-syllable words are best. Too many syllables, too many letters, and you run the risk of people misspelling your website. Too few letters, and you risk them forgetting the name.”

Here we have curated stories behind 10 leading brands and why they changed their name.

AMUL

AMUL stands for Anand Milk Union Limited. It is a milk product cooperative dairy company based at the small town of Anand in Gujarat state of India. Started in 1946, the organization is credited for bringing the white revolution in India. Known as one of the successful co-operative business model that has empowered the village men and women.

Amul has created mini-entrepreneurs out of ordinary village women.

CIPLA

Cipla Limited is an Indian multinational pharmaceutical company, headquartered in Mumbai, India. Cipla primarily develops medicines to treat respiratory, cardiovascular disease, arthritis, diabetes, weight control and depression; other medical conditions. It was founded by Khwaja Abdul Hamied as ‘The Chemical, Industrial & Pharmaceutical Laboratories’ in 1935 in Mumbai. The name of the company was changed to ‘Cipla Limited’ on 20 July 1984.

DABUR

The story of Dabur began with a small, but visionary endeavour by Dr. S. K. Burman, a physician tucked away in Bengal. His mission was to provide effective and affordable cure for ordinary people in far-flung villages. With missionary zeal and fervour, Dr. Burman undertook the task of preparing natural cures for the killer diseases of those days, like cholera, malaria and plague.

Soon the news of his medicines traveled, and he came to be known as the trusted ‘Daktar’ or Doctor who came up with effective cures. And that is how his venture Dabur got its name – derived from the Devanagri rendition of Daktar Burman.

DALDA

Hydrogenated (highly saturated) vegetable fat/oil was first introduced into India by Dutch traders. This cheap, easy-to-use and tasty cooking medium soon became popular.
As interest in the product grew and sales shot up, the Lever brothers bought the rights from the Dutch company. In 1931, they had incorporated a company called Hindustan Vanaspati Manufacturing Company (today’s Hindustan Unilever Ltd.) for producing Vanaspati ghee in India. A factory was established at Sewri, in what is today’s Greater Mumbai, and in 1937, the Dalda brand was introduced to sell Vanaspati.

The name is an amalgam of Dada & Co — the original Dutch company which introduced the product into India – and the ‘L’ of Hindustan Lever.

DENA BANK

Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company. It became a Public Limited Company in December 1939 and later the name was changed to Dena Bank.

MAHINDRA AND MAHINDRA

Two brothers J.C. and K.C. Mahindra, along with Malik Ghulam Mohammed, set up initially “𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 𝗮𝗻𝗱 𝗠𝗼𝗵𝗮𝗺𝗺𝗲𝗱” in 1945 as a steel trading firm. When Mohammed emigrated to Pakistan to serve as the country’s first finance minister, it was renamed Mahindra and Mahindra Ltd.

RANBAXY

Ranbaxy was started by Ranbir Singh and Gurbax Singh in 1937 as a distributor for a Japanese company Shionogi. The name Ranbaxy blends the names of its founders: Ranbir and Gurbax. Bhai Mohan Singh bought the company in 1952 from his cousins Ranbir and Gurbax.

TANISHQ

The brand is the property of Titan Company, which is back by Tata Group and TIDCO. The name Tanishq was chosen by Titan’s first managing director Xerxes Desai. The name was formed by combining the first two letters from Tata and निष्क “NIṢKA” (meaning gold coin or necklace in Sanskrit), although the क k has been modified into a क़ q.

TVS

TVS stands for Thirukkurungudi Vengaram Sundram. Thirukkurungudi Vengaram Sundram Iyengar was the founder of the TVS group.

WIPRO

The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as “𝗪estern 𝗜ndia 𝗣alm 𝗥efined 𝗢il Limited”. Later In 1966, after Mohamed Premji’s death, his son Azim Premji took over Wipro as its chairman at the age of 21 and entered in software development.

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