The role that India’s family businesses (FBs) play in our economy is staggering – more than 70% of India’s GDP comes from FBs and promoter-run companies. These are multi-generational enterprises, with deeply embedded cultures and concentrated governance structures, with often a single power center in a senior patriarch.
Continue Reading Navigating AI adoption across India’s Family Businesses
“Essentially the idea was to withdraw from a place that has four walls. You do not want to live in four walls, because four walls create a false sense of immortality. If you are already in a box, it gives you a coffin-like feeling. When you live in a coffin, you think you are going to be here forever.”
– SadhguruContinue Reading A Promoter’s Vanaprastha: Trust the Process!
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions shared in an article in the following article which was published by Family and Businesses Magazine and the online edition of the same can be found here.
By now, many of us would have seen the explosive interview between the Duke of Sussex Prince Harry and the Duchess of Sussex Meghan Markle, with television talk-show royalty Orpah Winfrey. The focus of the interview was on the troubled relationship that Mrs. Markle has with the Royal Family and Her Majesty The Queen, and her difficulties in settling into the roles expected of her. At its simplest, apart from being an exit interview of a disgruntled ‘employee,’ the interview echoed what many Indian spouses go through when they marry into a family business – to quote the New York Times – “The struggles of a glamorous, independent outsider joining an established, hidebound and sometimes baffling family firm”.
Continue Reading Meghan Markle, Her Majesty, Oprah & The ‘Firm’: What Can Indian Family Businesses Learn from Them?