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indian family businesses

February 9, 2017

Third-generation Saputo to succeed founding father; Slim and Servitje subsidiaries to launch ‘made-in-Mexico’ e-cars; Tata removes Mistry, set to install Chandrasekaran 

Third-generation Saputo to succeed founding father
Lino Saputo Jr is to succeed his father, Emanuele (Lino), as chairman of his family’s eponymously named dairy company - one of the top ten dairy processors in the world.

Currently chief executive and vice chairman, third-generation Saputo Jr will replace the founding chairman from 1 August and also retain his responsibilities as chief executive.

March 14, 2016

CampdenFB and CampdenFO is to increase its focus on Indian family businesses and family wealth issues following a tie-up between its publisher, Campden Wealth, and the Patni family.

CampdenFB and CampdenFO is to increase its focus on Indian family businesses and family wealth issues following a tie-up between its publisher, Campden Wealth, and the Patni family.

Campden Wealth has completed a joint venture with Amit and Arihant Patni, the sons of Gajendra Patni - co-founder of Patni Computer Systems, to launch Campden Family Connect (CFC) in India.

The joint venture will result in more Indian-focused family business and family wealth stories online and in print.

January 22, 2016

Henkel names new CEO; Reliance issues share to battle Bharti; Family businesses top Edelman trust poll 

Henkel names Hans Van Bylen as new CEO
Hans Van Bylen is to take over at German consumer goods maker Henkel after its incumbent chief executive Kasper Rorsted left to become the new CEO of Adidas.

Van Bylen, Henkel’s former head of the beauty care business, joined the family-controlled firm in 1984 and has been a member of the management board since 2005.

November 2, 2015

The founder of the world’s largest two wheeler business has died at the age of 92, leaving behind a multi billion dollar family empire.

The founder of the world’s largest two-wheeler business has died at the age of 92, leaving behind a multi billion dollar family empire.

Brijmohan Lall Munjal was among four brothers who founded the predecessor company to Hero MotoCorp in 1954, and remained chairman emeritus until his death on Sunday.

His son Pawan Munjal, who has been managing director and CEO since 2001, only succeeded his father as chairman in June.

July 23, 2015

Indian family real estate business Lodha Group will be split into two entities to ease succession planning into the second generation – a strategy that is common in India, according to a family business academic based in the country.

Indian family real estate business Lodha Group will be split into two entities to ease succession planning into the second generation – a strategy that is common in India, according to a family business academic based in the country.

Lodha Group chairman and founder Mangal Prabhat Lodha plans to appoint his eldest son, Abhishek, 36, to the helm of the real estate business, while his younger son, Abhinandan, 33, will head a new financial services business.

February 23, 2015

One of India’s greatest entrepreneurial success stories, the Ambanis, are also one of its most infamous dynasties, owing to a long-running public feud which broke out between the late patriarch’s sons.

April 25, 2014

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

In a civil lawsuit that had been ongoing since 2012, Sandeep Raheja was accused by his father, Gopal, of trying to take control of the real estate developer business GL Raheja Group.

November 20, 2013

Premji Invest, the family office of one of India’s richest individuals, Azim Premji, is reportedly in discussions to lead a $50 million (€37 million) fundraiser in e-commerce fashion retailer Myntra.

Premji Invest, the family office of one of India’s richest individuals, Azim Premji, is reportedly in discussions to lead a $50 million (€37 million) fundraiser in e-commerce fashion retailer Myntra.

The website, headquartered in Bangalore, was founded in 2007 and is now India’s largest online fashion and lifestyle store, with annual revenues of $120 million. It stocks Indian fashion brands, as well international household names, such as Nike, Reebok and Adidas.

August 9, 2013

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation
American Greetings Corporation has returned to private ownership, following a $612 million (€458 million) buyout by the Weiss family – descendants of Jacob Sapirstein who founded the company in 1906.

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