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The Niche Code: Building Big Businesses in Small Markets
5 min read Last Updated : Nov 25 2025 | 10:52 PM IST
The Niche Code: Building Big Businesses in Small Markets
by Rajeev Roy
Published by Macmillan Business
288 pages ₹399
“Small is Beautiful” is a phrase attributed to the German-born British economist E F Schumacher. He advocated human-centred, decentralised and appropriate technologies in economics.
Can small be beautiful in business as well? In the book The Niche Code: Building Big Businesses in Small Markets, author Rajeev Roy tells us, in this mad pursuit of “unicorn” status, bigger may not always be better. There is business success possible through deep specialisation, not just mass appeal.
I was reminded of my friend Ganesh Subramanian and Shashi Bhat’s