A FAMILY MANUFACTURING textiles. A jewellery maker's descendant. A film distributor's grandchild. Or just a wealthy classmate with brothers, sisters and cousins living together. Regardless of where you grew up in India, there was always a friend who came from a business family. This was a phenomenon we encountered, and we still do. Family business is a tradition that; goes back several hundred years in India.
With time, these families evolved to accommodate more members, while some people left the family enterprise to chart their own path. In the process, new and stronger businesses emerged, while the less fortunate ones fell on hard times. The new India-which took off in 1991 with economic liberalization-has seen many a business take off exponentially. Competing with global counterparts, these ventures have upped the game on quality standards, hiring professionals and creating businesses driven by merit, competence and agility. India Inc., now a name to reckon with, has the big-ticket family businesses as a key component driving its future. That is not to take away the disruptive nature of today's world and the ease with which family businesses adapt to that scenario. This is critical since that will determine a good part of the future of family businesses in India.
THE PAST AND THE PRESENT
Family businesses have, perhaps, existed in India as long as families have. While this may be tough to believe and there may be no easy way to prove it, a reading of history suggests so. One has read about how moneylenders came from one particular group much as pearl merchants did, as did jewellers. With time, they too evolved, and trade, in every possible form, made way: for something more organised.
この記事は Business Today India の September 18, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Today India の September 18, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
