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Home Knowledge

What is a Private Firm?

A typical private firm is run by small number shareholders with full control of the governance.

India CSR by India CSR
October 17, 2022
in Knowledge
Reading Time: 2 mins read
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Photo Credit: iStock

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A private firm does not offer or trade its company shares to the general public but owned and traded or exchanged privately.


A private firm is a business unit established, owned, and operated by private individuals for profit.

It is a privately owned business or an industry run independently of the government.

A typical private firm is run by small number shareholders with full control of the governance.

A private firm does not offer or trade its company shares to the general public but owned and traded or exchanged privately.

From the Book – ‘ Know Everything about Corporate Social Responsibility ‘

Available on Amazon.in

Also Read:

  • What is Industry?
  • What is Business?
  • What is a Business Organisation?
  • What is Corporate?
  • What is a Startup?
  • Who are the Stakeholder?
  • What is a Multinational Corporation?
  • What is Competitive Advantage?
  • What is Foreign Investment?
  • What is Economic Reform?
  • What is Industrial Reform?
  • How are the Reforms and Fiscal Policies Linked?
  • How does Growth Impact Employment?
  • What is a Labour Market?
  • What is Humanistic Management?
  • What is the Public Enterprise?

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India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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