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Forbes 2000 India’s on the 2016 List
# 121 # 278 # 453 # 899
# 901 # 1121 # 1228 # 1228 # 1527 # 1670
# 1693 # 1732 # 1773 # 1920 # 1993
# 755
16 of 56 firms are family-run
Indians on 500 of World’s Richest People
Mukesh Ambani#36 $23.4 billionReliance Industries
Dilip Shanghvi#44 $16.5 billionSun Pharma
Azim Premji#55 $15 billionWipro
Shiv Nadar#88 $11.5 billionHCL Group
Cyrus Poonawalla #133$8.6 billionSerum Institute of India
Lakshmi Mittal#135$12 billionArcelorMittal
Uday Kotak#184$8.1 billionKotak Mahindra Bank
Kumar Birla #196$8.7 billionAditya Birla Group
Sunil Mittal #219$6.7 billionBharti Airtel
Desh Bandhu Gupta#233$5 billionLupin
Shashi & Ravi Ruia#270 $5.6 billionEssar Group
Micky Jagtiani#338$4.2 billionLandmark Group
Most businesses originated from Rajasthan, and spread across India
Marwaris form ¼ of all billionaires in Forbes list
The secret of longevity
Family business is not limited to India!
In the US, family firms account for 35% of all the firms.In S&P 500 alone, they account for 95% of all firms, cornering 50% production, and 42% employment.
In Germany, 80% of firms are family businesses, accounting for over 60% of the national product.
Longevity of Family Business
Financial discipline
Frugality and Parsimony
Risk appetite and
adaptability
Family over individual
Building social capital
03/05/2023 Pavan Soni | www.PavanSoni.com | 10
Financial discipline and sharp accounting skills
03/05/2023 Pavan Soni | www.PavanSoni.com | 11
Frugal means and Parsimony
03/05/2023 Pavan Soni | www.PavanSoni.com | 12
Adaptability and risk appetite
03/05/2023 Pavan Soni | www.PavanSoni.com | 13
Family over individuals: The seed of trust!
03/05/2023 Pavan Soni | www.PavanSoni.com | 14
Building strong social capital, aka Brand
03/05/2023 Pavan Soni | www.PavanSoni.com | 15
Why do several family businesses fail?
Succession planning
Operational autonomy
Ideological conflicts
Science versus wisdom
03/05/2023 Pavan Soni | www.PavanSoni.com | 16
Professional education perspective networkvocabulary pedigree
03/05/2023 Pavan Soni | www.PavanSoni.com | 17
Taking half-chances and seizing opportunities
03/05/2023 Pavan Soni | www.PavanSoni.com | 18
Power of science in management
03/05/2023 Pavan Soni | www.PavanSoni.com | 19
An innovation
culture: Chaos +
Discipline
Pavan Soni | www.PavanSoni.com | 209/24/2016
Professionalism in business
Culture of Innovation
Professional education
Take half-chances
Power of delegation
Scientific methods
India’s most valuable startups
Sachin Bansal
Bhavish Aggarwal
Vijay Shekhar Sharma
Pranay Chulet
Deepinder Goyal
Rohit Bansal
Kunal Shah
Ashish Goel
Naveen Tiwari
Operational Excellence
Wider network
Technology adoption
Vision and planning
Operational autonomy For Small &
Medium Biz.
Operational excellence: Waste reduction Proper documentation Lean principles
Pavan Soni | www.PavanSoni.com | 259/24/2016
Wider network:
Beyond community
Beyond location
Beyond business
03/05/2023 Pavan Soni | www.PavanSoni.com | 27
The power of delegation
Technology adoption New customers Online Real-time
Vision and planning:
Product expansion Brand building Market expansion
Think &
Grow
