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indian family businesses

Indian tech firm appoints founder’s daughter to board

August 2, 2013

Roshni Nadar Malhotra, the only child of HCL Corporation founder, Shiv Nadar, has been appointed a non-executive director on the board of the group’s software services firm, HCL Technologies.

Revealed in the company’s annual report, released this week, the appointment is being touted by the Indian media as a preparatory step in Nadar’s succession plan for the multi-billion dollar company.

Murugappa: The family adding value in diversification

April 18, 2013

Conglomerate Murugappa is sometimes dubbed southern India’s Tata Group, CampdenFB talks to its fourth-gen chairman about his plans for the family business.

Conglomerate Murugappa is sometimes dubbed southern India’s Tata Group, CampdenFB talks to its fourth-gen chairman about his plans for the family business.

Sticking with the family: Glue magnate and family business leader dies

January 29, 2013

Shri Balvantray Kalyanji Parekh – founder of Indian family-controlled glue company Pidilite Industries – died on January 25 at the age of 88.

Despite his great age, Balvantray Parekh, known as Balvant, was chairman of the family business – which he founded with his brothers – at the time of his death. In a statement, Pidilite Industries said: "He promoted and encouraged the close teamwork between employees and value system, which emphasises commitment to excellence, closeness to customers and the spirit of innovation."

Governance top priority for Indian family businesses

May 26, 2011

Interest in successful governance at Indian family businesses has grown hugely in the past five years, according to Kavil Ramachandran of the Indian School of Business.

The Thomas Schmidheiny Chair Professor of Family Business and Wealth Management told CampdenFB that a much broader focus on family business management in India is essential.

“Management is no longer seen as wholesome but as comprising three levels – governance, strategy and operations,” he said.