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Founded in 1411, Ahmedabad saw a variety of political dispensations up to the time of Indian independence-the Gujarat Sultanate, the Mughals, the Marathas and the British. Always a deeply mercantile city, Ahmedabad's business leaders, especially of the last two centuries, were closely involved with the city's administration. The city was unique among India's industrial cities in encouraging indigenous entrepreneurship. It had very few European firms. There was no formal management education in pre-independence India; businesses were either family-run, or run by managers trained abroad who were part of the managing agencies that had controlling stakes in the businesses.
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