Family Businesses in India
The Next Generation
How younger members of business families are reshaping their firms through new ventures, digital businesses and more roles for daughters.
A new generation is taking over Indian family businesses.
New directions
- Starting new ventures in consumer brands, tech and sustainability.
- Digitising traditional businesses.
- Investing in startups through family offices.
Daughters in leadership
- More daughters now lead businesses: Isha Ambani in Reliance Retail, Roshni Nadar Malhotra chairing HCL Technologies, and Nisaba Godrej at Godrej Consumer.
Family offices
Wealthy families set up family offices to manage investments, with hundreds operating in India.
Education
Many next-gen leaders study abroad and work outside the family firm first.
Challenges
- Proving themselves to employees and investors.
- Balancing tradition with change.
- Entitlement concerns.
Wealth transfer
Large amounts of wealth will pass between generations in coming decades, shaping business and philanthropy.
A young family member of a traditional textile group launches an online brand, reaching customers directly and modernising the family business.
Daughters increasingly lead major family firms.
- Next-gen leaders start ventures and digitise businesses.
- Daughters increasingly lead major firms.
- Family offices invest in startups.
- Proving themselves and balancing tradition are challenges.
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