More than 91% of listed companies in India are family owned or controlled, R. Dinesh, President Designate, Confederation of Indian Industry (CII) and Executive Vice-Chairman, TVS Supply Chain Solutions Ltd., has said.
Briefing about CII’s upcoming family business summit, Mr. Dinesh, who is also the Chairman of CII-FBN India Chapter, pointed out that generally it was believed that family businesses, which were able to transition from generation to generation, attracted right set of investors to support their growth — be it in public markets or private markets.
This year, the CII-FBN India Family Business Summit on the theme “Future Ready Family Businesses in the New Age” will be held on September 16 and 17 in Chennai. “What we are trying to focus on in this summit is to bring together families from India, Europe and Asia so that we can have shared common learnings on how we have come out of the difficult period of last two years. And also on how the senior and next generation roles had been leveraged and used for the growth of family business,” he added. He said several family case studies would be explained in detail during the summit. Citing examples, he said that there was a case where a family from Singapore will be speaking about starting their own fund while there was another case of a family from Italy who had used new age digitisation and grown their businesses. “One of the families from Asia has had five generations of continuity and how they had transformed their businesses is something that will be covered as part of this event,” Mr. Dinesh added.
