Price rs. 110. march 31, 2017 forbesindia the best countries for business India’s Family Businesses dr PrathaP c reddy with daughters (From left) Preetha, shobana, sangita & suneeta Leaving no ambiguity on their vision, Dr PrathaP C reDDy anD his Daughters are Penning a Constitution to guiDe generations next Apollo’s Creed emami l bPL l mid-size might l famiLy constitutions & the adi Godrej interview plus INDIA Tablet Edition Welcome to the Celebrating Indian enterprise is also about applauding the successes of Indian family businesses editor’s note Best, Sourav MajuMdar Editor, Forbes India sourav.majumdar@nw18 @TheSouravM I n India, family businesses are often a proxy for Indian entrepreneurship. For decades and more, Indian business families have dominated the country’s economic landscape, with several becoming case studies of how Indian enterprise has been able to grow, face adversities and adapt to changing domestic and global conditions. A number of families also have a deep-rooted culture of giving back to society. A celebration of Indian enterprise is, therefore, much about celebrating the successes and resilience of these family businesses. The 2016 PwC India Family Business Survey, the latest such exercise conducted by the consulting major, has come up with some signifcant fndings. It shows that as many as 75 percent of family businesses in India have grown in the preceding 12 months, with an overwhelming majority—84 percent —optimistic about their growth and expecting to grow either steadily or quickly and aggressively over the next fve years. This optimism, PwC says, is due to two key factors: The fact that family businesses tend to be resilient and stable during adverse conditions, and also because the India growth story has been reinforced of late. The survey says about half the respondents said they would look at expanding into new territories and sectors, and also consider inorganic growth. Among other takeaways was this: As many as 85 percent of family businesses said they had a mechanism to deal with confict. However, only 15 percent had a robust, documented and communicated succession plan in place. Forbes India ’s maiden special issue on India’s Family Businesses, then, comes at a time when such businesses are in the midst of an interesting change. As the PwC survey also fnds, business families are now beginning to actively involve the next generation, even as there are clear moves to professionalise the managements. Only one-third of businesses are keen to fully pass on the mantle to the next generation, while half of the families want to pass on ownership of shares to Generation Next even as they bring in professional managers to run the show. These are vital signs of a big shift in the way Indian family businesses think. As you will see in this special issue helmed by Assistant Editor Anshul Dhamija, the resilience of business families is also clearly mixed with a need to adapt, change and look ahead— both in terms of a generational shift and the desire to grow and take the businesses forward. Whether it is Apollo Hospitals of Dr Prathap C Reddy where his four daughters are now aggressively involved in growing the business, or Emami, where the families of two close friends RS Agarwal and RS Goenka are harmoniously working together and taking the group to the next level, India has an eclectic mix of family business models. Beyond the big groups, exciting developments are taking place even in mid-size family businesses, with frms like Kalyan Jewellers and Baidyanath being good examples. If the Forbes India Rich List is anything to go by, Indian family businesses are powering the country’s economic landscape. This is a trend which can only get stronger as such businesses recognise the value of changing with the times. Bloodlines and Business march 31, 2017 forbes india| 3 We value your feedback.Write to us at: forbes.india@nw18 Letters may be edited for brevity.Read us online at forbesindia on the cover & on this page: Vikas Khot digital imaging: Sushil Mhatre /MaRch 31, 2017●VoLuMe 9ISSue 7Contents on the Cover at his family business, dr Prathap reddy has avoided ambiguity on succession and structure issues from the get-go 26 | We, the Family From its inception, Dr Prathap Reddy’s Rs 6,000-crore Apollo empire has been built on a strong family foundation. With the recent setting up of a constitution, he is ensuring it passes over to generations to come MaRch 31, 2017 Features enterprise 18 | the GiFt oF ChoiCe Gift management platform Qwikcilver lords over the domestic market. Now, it wants to go global india’s Family Businesses 21 | mindinG their Business How Indian family businesses have survived over time and what they should do to stay on the growth path 22 | Where proCess trumps produCt A constitution can bridge the trials arising out of the yawning gap between family and business values 34 | Fair play By emphasising on equality, Emami promoters have kept the families united and the businesses successful 44 | a hint oF an enCore Consumer electronics giant BPL is plotting a quiet revival 50 | BridGe the Generation Gap to aliGn vision Families must engage across generations and embrace diffcult discussions to sustain businesses 52 | revitalisinG india’s entrepreneurial landsCape Second and third generations of business families are often thinking beyond their businesses 54 | ‘there Will Be FeWer Family Businesses in the lonG term’ After a few generations, they will turn into public companies with diverse ownership, says Adi Godrej mid-size miGht 40 | 100 years younG Third-generation scions are helping Baidyanath, the country’s largest maker of ayurvedic medicines, keep up with the times 41 | the Gold standard On the back of trust and innovation, Kalyan Jewellers has risen to national and international prominence 42 | the neW Guard Security services company SIS’s multi-pronged expansion approach has brought it international success 43 | hiGh voltaGe GroWth The Chittilappilly family has helmed the growth of V-Guard Industries and Wonderla Holidays 34 emami founders radhe Shyam agarwal (left) and radhe Shyam Goenka 62 a family constitution helped the burmans grow dabur’s business 34: aR Ind aM Mu Kh eRj ee fo R f oR beS : VI Ka S K ho t John b veihmeyer, chairman, kPMG International 26 Contents march 31, 2017 forbes india| 5 。。。以上简介无排版格式，详细内容请下载查看