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India

March 23, 2012

They might be under the age of 30, but next-generation members of wealthy families in India are increasingly making big decisions about charitable giving.

They might be under the age of 30, but next-generation members of wealthy families in India are increasingly making big decisions about charitable giving.

That’s according to the 2012 India Philanthropy Report by Bain & Company, which said young high net worth Indians, often working in family businesses, are “particularly interested in increasing their philanthropic involvement”.

December 7, 2011

Diwan Rahul Nanda, head of Indian family business Topsgrup, the country’s largest security provider by revenues, has been named the Outstanding Entrepreneur of the Year at the TiE UK Annual Awards.

Diwan Rahul Nanda, head of Indian family business Topsgrup, the country’s largest security provider by revenues, has been named the Outstanding Entrepreneur of the Year at the TiE UK Annual Awards.

Organised by a division of The Indus Entrepreneurs, an organisation formed in 1992 by a group of Indian business tycoons, the awards focus on recognising entrepreneurship among Asian business stalwarts in the UK.

November 10, 2011

The world economy may be suffering some serious problems, but many family businesses are growing faster than ever. Which family businesses are likely to challenge for the top positions in the years ahead? CampdenFB lists the top 50.

At the time of writing, traders’ screens around the world are turning a nasty shade of red. Stock markets are plummeting everywhere and there is much talk of developed economies slipping back into recession.

You would be forgiven for wondering if it might be a good time to retreat to a cave with a weapon and a crate of tinned food. But away from the trading floors, there is another story about the world economy - one that moves more slowly and involves fewer people panicking, and so gets less attention.

October 27, 2011

Indian conglomerate Godrej is one of the fastest growing companies in the world. David Bain talks to its chairman about the family aspect of running the business – and why it’s growing so quickly.

Indian conglomerate Godrej is one of the fastest growing companies in the world. David Bain talks to its chairman about the family aspect of running the business—and why it’s growing so quickly.

Paul Polman, the boss of the huge consumer products company Unilever, makes regular visits to India. In fact, since he became chief executive in 2008, he’s been there at least five times.

September 29, 2011

The family behind India’s Aditya Birla Group plans to invest $17 billion globally, as it looks to double its revenues over the next four years.

The family behind India’s Aditya Birla Group plans to invest $17 billion globally, as it looks to double its revenues over the next four years.

Kumar Mangalam Birla, chairman of the family business whose operations include metals, retail and producing insulators, is looking to achieve $65 billion (€47.7 billion) in sales by 2015, up from its current $35 billion, said a company spokeswoman.

September 5, 2011

Family-owned Indian motorcycle manufacturer TVS Motor has appointed another member of the fourth generation to the group’s holding company, further strengthening the family’s presence in the business.

Family-owned Indian motorcycle manufacturer TVS Motor has appointed another member of the fourth generation to the group’s holding company, further strengthening the family’s presence in the business.

Twenty-two-year-old Sudarshan Venu has become an additional director of Sundaram-Clayton Limited, the holding company of TVS Motor, a spokesman confirmed.

September 2, 2011

The global economic crisis has left Asian consumers increasingly mistrustful of foreign banks, with many preferring to use local institutions, according to new research from McKinsey. 

The global economic crisis has left Asian consumers increasingly mistrustful of foreign banks, with many preferring to use local institutions, according to new research from McKinsey.

The study, published in the latest McKinsey Quarterly, comes at the same time as many multinational banks are focusing heavily on growing their presence in Asian markets, amid a rise in the number of wealthy individuals in the area.

September 1, 2011

The number of high net worth individuals in Asia looks set to soar over the next four years, thanks to currency appreciation and massive economic growth in the continent, according to a new report. 

The number of high net worth individuals in Asia looks set to soar over the next four years, thanks to currency appreciation and massive economic growth in the continent, according to a new report.

Swiss private banking group Julius Baer said wealth in the region is expected to triple in the next few years to $15.81 trillion from $5.60 trillion, while the number of high net worth individuals will jump to 2.82 million from 1.16 million.

August 19, 2011

Family businesses are likely to be one of the key forces driving an increase in wealth in India over the next decade, according to a financial expert. 

Family businesses are likely to be one of the key forces driving an increase in wealth in India over the next decade, according to a financial expert.

Val Srinivas, head of research for the Deloitte Center for Financial Service, said demographic trends, as well as general economic growth, are providing greater opportunities for businesses and fueling the rise in millionaires in India and China.

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