This is as good a time as any for gen-nexters to prove themselves true leaders in their family businesses.
The dark storm clouds, which formed some of the toughest years for India Inc between 2009 and 2014— with a heady mix of funding and capital raising concerns, weakening consumer demand and subdued earnings—appear to be thinning. Though challenges still persist for some of India’s largest lenders, several businesses in the consumer goods, automobile, financial services and commodity-led cyclicals have shown profit growth in the March-ended quarter of FY2017. Their businesses are continuing to grow, innovate and it is in this space that Forbes India found some of the brightest and most inspiring next-generation leaders.
For this second edition of the Forbes India GenNext special, we asked, like last year, the following questions in order to arrive at the selection (which, needless to say, is just a sampling of the entrepreneurial stars in India’s family business firmament).
Have the GenNext leaders working in a family-owned business given their business a fresh impetus, in terms of strategy or innovation?
Has the GenNexter introduced processes or expanded into new areas of opportunity that have helped boost growth?
Or has he or she made a mark outside of the family run business, keeping the entrepreneurial legacy alive?
The 11 names profiled in the following pages threw up the right answers to at least one of the three questions.
هذه القصة مأخوذة من طبعة July 7, 2017 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 7, 2017 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
