Guilds were associations of merchants and artisans who regulated trade and professional conduct. Known as Srenis in ancient texts such as the Arthashastra and Jatakas, they controlled quality, prices, training, and ethical standards. Guilds also provided credit, welfare, and social security.
Ayyavole (Aihole), also called Ainnurruvar (the Five Hundred), is in Bagalkot district. It was one of the largest merchant guilds of medieval India, active in long-distance and overseas trade.
The Ayyavole had close links with various ruling elites and enjoyed royal patronage. The Cholas had a close relationship with this guild. According to tradition, the Pandya kings invited the Nattukottai Chettiars, members of Ayyavole, to migrate from Kaveripattinam to their territory. The Ayyavole had links with other, smaller merchant associations also and probably had some of them as subordinate guilds. An inscription mentioning the Ayyavole was found at Padaviya in Sri Lanka.
Source: IIT Gandhinagar – Guilds in Ancient India, A History of Ancient and Medieval India, Upinder Singh
Guilds were associations of merchants and artisans who regulated trade and professional conduct. Known as Srenis in ancient texts such as the Arthashastra and Jatakas, they controlled quality, prices, training, and ethical standards. Guilds also provided credit, welfare, and social security.
Ayyavole (Aihole), also called Ainnurruvar (the Five Hundred), is in Bagalkot district. It was one of the largest merchant guilds of medieval India, active in long-distance and overseas trade.
The Ayyavole had close links with various ruling elites and enjoyed royal patronage. The Cholas had a close relationship with this guild. According to tradition, the Pandya kings invited the Nattukottai Chettiars, members of Ayyavole, to migrate from Kaveripattinam to their territory. The Ayyavole had links with other, smaller merchant associations also and probably had some of them as subordinate guilds. An inscription mentioning the Ayyavole was found at Padaviya in Sri Lanka.
Source: IIT Gandhinagar – Guilds in Ancient India, A History of Ancient and Medieval India, Upinder Singh