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FB Roundup: SP Hinduja, Grifols family, Carlos Slim

May 22, 2023

In this week’s FB Roundup, tributes are paid to SP Hinduja, the head of Britain's richest family; Spain's Grifols ends family leadership as new CEO is named; and Carlos Slim buys a stake in a Mexican oilfield.

Tributes paid to SP Hinduja, the head of Britain's richest family
SP [Srichand Parmanand] Hinduja, the billionaire leader of the Hinduja Group conglomerate and head of Britain's richest family has died at the age of 87.

Described as a “visionary titan of industry and business”, the hugely successful businessman “passed away peacefully”, according to a family spokesperson.

FB Roundup: Cyrus Mistry, Daniel Kretinsky, MacKenzie Scott

September 5, 2022

In this week’s FB Roundup, tributes are paid to Cyrus Mistry; Czech billionaire Daniel Kretinsky’s Royal Mail stake is under a national security review; and MacKenzie Scott donates $44 million to a mentoring organisation.

Tributes paid to billionaire ex-chairman of Tata Sons, Cyrus Mistry
Indian prime minister Narendra Modi has led tributes to business leader Cyrus Mistry, who has died in a car accident in western India. The Indian-born Irish businessman and former chairman of Indian conglomerate Tata Sons was 54.

“The untimely demise of Shri Cyrus Mistry is shocking,” said Modi on Twitter. “He was a promising business leader who believed in India’s economic prowess. His passing away is a big loss to the world of commerce and industry.”

FB Roundup: Sir Jim Ratcliffe, the Harris family, Rakesh Jhunjhunwala

August 22, 2022

In this week’s FB Roundup, Sir Jim Ratcliffe shows interest in buying Manchester United; the Harris family finalise a £300 million Butlins deal; and tributes are paid to veteran investor Rakesh Jhunjhunwala.

Sir Jim Ratcliffe interested in buying Manchester United football club
Lifelong Manchester United fan Sir Jim Ratcliffe is said to be interested in buying the Premier League team following reports that its current owners, the Glazer family, may be considering selling a minority stake in the club.

The British billionaire, who has a net worth of $7.18 billion, is the current chairman and chief executive of chemical company Ineos and owns cycling team Ineos Grenadiers, French Ligue 1 football team Nice and Swiss club FC Lausanne-Sport.

FB Roundup: Pallonji Mistry, Tim and Tom O’Connor, Alberto Safra

July 5, 2022

In this week’s FB Roundup, tributes are paid to Indian billionaire Pallonji Mistry; the family owned OCU Group sells to Triton Partners in a £400 million deal; and Brazilian billionaire Alberto Safra aims to offload his stake in his family empire.

Tributes paid to Indian billionaire Pallonji Mistry
Prime Minister Narendra Modi has led tributes to construction tycoon Pallonji Mistry following his passing at the age of 93.

“[I am] saddened by the passing of Shri Pallonji Mistry,” Modi said on Twitter. “He made monumental contributions to the world of commerce and industry. My condolences to his family, friends and countless well-wishers.”

Devansh Jain of Inox Group on powering family business and renewable energy growth

September 24, 2021

Devansh Jain, the next generation entrepreneur of the Inox Group family business in India, says family enterprises have proven themselves quick to adapt and lead in the Covid-19 crisis and will play an increasingly important role in co-investing in emerging asset classes.

Applying business learnings in philanthropy

August 18, 2021

Over the last two years, I have interacted closely with a few Indian non-governmental organisations (NGOs) and been both a donor as well as an adviser. My aim has been to enable “capacity building” in the NGOs so that they can scale faster, be cost efficient and make a large impact in the communities that they serve.

As a serial entrepreneur in startup businesses, my objectives have also been scale, cost efficiency and impact.

Chetan Mehta on family office professionalisation and venture capital strategy

June 14, 2021

Chetan Mehta, the angel investing chief strategy and investment officer of Transworld Group, will discuss how venture capital and startups are providing rewarding opportunities for family office investors as chairman of the next Campden Family Connect forum.

FB Roundup: Adani Group, Crown Resorts, W Galen Weston

April 19, 2021

Walton, Adani and Ambani families vie for Indian e-consumers, James Packer’s Crown casino courted by second US private equity firm, ‘Visionary’ retail magnate W Galen Weston dies aged 80.

Walton, Adani and Ambani families vie for Indian e-consumers

The Walton family-controlled e-commerce platform Flipkart and Gautam Adani, principal of India’s second wealthiest family, are taking on the Ambani family’s Reliance Industries and Amazon by building a huge new fulfilment centre in Mumbai.

Darshan and Manan Patel of Vini Cosmetics on recovery, risk and family relationships

December 14, 2020

The father and son team behind Vini Cosmetics, the maker of Fogg deodorants, say they are bullish on the Indian economy, its pandemic recovery and are exploring new investment opportunities.

The father and son team behind Vini Cosmetics, the maker of Fogg deodorants, say they are bullish on the Indian economy, its pandemic recovery and are exploring new investment opportunities.

Entrepreneurs Darshan Patel, 58, founding chairman and managing director of the family business, works in tandem with next-generation Manan Patel, 27, chief executive of their family office Vini Investments in Ahmedabad, Gujarat.

Family office growth rockets but succession planning lags in India

December 4, 2018

Family offices are being embraced by India’s wealthiest $2 trillion families, but few families have a robust succession plan in place to secure their fortunes.

Family offices are being embraced by India’s wealthiest $2 trillion families, but few families have a robust succession plan in place to secure their fortunes.

The world’s first study on India’s nascent family office space, released by Campden Research today, found more than half (58%) of Indian families surveyed were interested in setting up, or joining, a family office to manage, preserve and grow their wealth. Half (50%) said they were in the process of establishing their own family office.