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India

April 27, 2009

Gavin Knight meets Adi Godrej to discuss how the venerable Godrej Group is mixing tradition and innovation within a modern Indian family business setting

India has mainly been in the news for its upwardly mobile economic growth rate over the last decade, which has been driven by a large number of the country's family-controlled multinational companies. However, age-old concerns over corporate governance in these businesses were brought to the fore this January when a family business scandal hit the headlines.

November 1, 2008

The 19th Annual Summit of the Family Business Network took place in India during October. Jeannette Griesel, a next generation member present at the event, kept an exclusive diary for
Campden FB.

India is a land of contrasts. Rich and poor are closely interlinked and complement one another in a colourful atmosphere of peace and a unified strength against a backdrop of startling economic growth.

Hosting the FBN's 19th Annual Summit in such an environment turned out to be an enriching experience for all the participants who arrived in New Dehli from all over the world.

August 14, 2008

When Abhinav Bindra won India’s first ever individual Olympic gold medal in the Men’s 10 metres Air Rifle event on Tuesday, he became a national hero.

When Abhinav Bindra (pictured) won India's first ever individual Olympic gold medal in the Men's 10 metres Air Rifle event on Tuesday, he became a national hero. But this is no rags-to-riches fairytale.
 
Abhinav's father, AS Bindra, is a millionaire industrialist who runs a successful agro-food business in Punjab. So determined that his son would win, he built an international standard shooting range at the family home.
 

July 18, 2008

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani’s Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani's Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

The action follows the failure of Anil to participate in meetings aimed at resolving a dispute over share ownership. Reliance Communications is currently negotiating with South African mobile telecoms group MTN over a merger.

May 1, 2008

Professor K Ramachandran from the Indian School of Business looks at the impact that values and visions can have on the success of a family

Professor K Ramachandran from the Indian School of Business looks at the impact that values and visions can have on the success of a family

April 15, 2008

Warning of national apathy and scepticism in the business community, Kumar Mangalam Birla, sixth-generation chairman of the $24 billion Aditya Birla Group, has urged Indian companies to reach beyond the subcontinent and make acquisitions abroad.

Warning of national apathy and scepticism in the business community, Kumar Mangalam Birla (pictured), sixth-generation chairman of the $24 billion Aditya Birla Group, has urged Indian companies to reach beyond the subcontinent and make acquisitions abroad.

February 25, 2008

Shareholders in a family-owned Indian power company have been given bonus shares to counteract the drop in value of their shares following an IPO.

Shareholders in a family-owned Indian power company have been given bonus shares to counteract the drop in value of their shares following an IPO. Reliance Power, which was founded by Anil Ambani (pictured) after a feud with his brother resulted in their father's company being split in two, raised a record-breaking $190 billion by the time the IPO closed on 18 January.

January 10, 2008

Tata Motors, part of the family-owned Tata Group, has unveiled the world’s cheapest car.

Tata Motors, part of the family-owned Tata Group, has unveiled the world's cheapest car. Priced at a reported $2,500, the Tata Nano – also known as the "People's Car" – aims to bring the comfort and safety of a car within the reach of thousands of families in India.

Ratan Tata (pictured), chairman of the Group, said at the unveiling ceremony that he had watched too many families getting by with just two wheels. "It led me to wonder whether one could conceive of a safe, affordable, all-weather form of transport for such a family," he said.

January 1, 2008

Usha Martin Group is a diversified entity active in mining, steel production, and the manufacture of wire ropes. But as Prashant Jhawar, vice chairman of UMG, explains, the family’s ownership of a regional newspaper has also been vital for the business…

Usha Martin Group is a diversified entity active in mining, steel production, and the manufacture of wire ropes (click here to read more). But as Prashant Jhawar, vice chairman of UMG, explains, the family's ownership of a regional newspaper has also been vital for the business…

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