Indian Family Business Mantras presents a comprehensive manifesto for family-owned businesses. In this book, a well-known family business expert and a partner at Deloitte UK, Peter Leach and Tatwamasi Dixit, an internationally renowned Vedic scholar and one of India’s foremost family business consultants, focus on the ways and means to help family businesses manage growth, change and transitions. Richly illustrating each of their arguments with real-life examples as well as anecdotes from Indian epics, scriptures and history, the authors present compelling instances of family business—those which flourished and those that floundered.
With interviews and analyses of some of the top Indian business families, including the Murugappa Group, Ambuja Group, Haldiram Group, GMR Group and Thermax Group, the book offers ways and means to help both small and large family businesses achieve prosperity and longevity. Other case studies include Biocon, Reliance, Ranbaxy, Godrej, Max India, Future Group, TVS Group, Tata Group and HCL Technologies. Along with addressing issues as varied as governance systems, professionalism, intergenerational integration, generational transition and family business conflicts, the authors make a vital point: in the absence of foresight, no business is immune to decline.