Family Business Summit
“It can be said the family businesses serve as the brains behind innovation, the heart behind local philanthropy, and the nerve system of our entire free enterprise system.”
The family business is the most frequently encountered ownership model in the world and their impact on the global economy is considered to be significant. When defined as businesses that are majority-owned by a single family’s members, it is estimated that the total economic impact of family businesses to global GDP is over 70%. However it is in emerging and developing countries where dynastic companies have been found to be the most important.
In India, for instance, family firms account for 90 percent of the country’s industrial output and 27 percent of employment. Family-owned firms can also be found among some of India’s largest companies as well as small- and medium-sized ones. It has been observed that the Business and Family are largely inseparable and the family business is also a source of the social identity of the individuals belonging to the family.
In spite of these promising qualities, it is also known that merely 30% of family firms make it to the 2nd generation and only a third survive to the 3rd generation. There are many reasons for this disappointing statistic- family conflict being the most common one.
AIWMI’s inaugural Family Business Summit offers family business owners an exclusive platform to discuss the most pressing issues they face today and to be inspired by some of the most successful family business leaders from across the country. This Summit promises to be the place where entrepreneurs from multi-generational businesses and those building a legacy for their next generations come together, celebrate and regroup to plan their future.
AIWMI has developed an agenda that includes keynote sessions, panel discussions, private meetings and plenty of networking. We believe that our speakers, panelists, and thought leaders will equip you with the knowledge and inspiration you need to fully unlock the growth potential of your family business. Effective leadership, family governance, philanthropy, next generation engagement and family office are up for discussion.
Come and join more than 200 family business owners from all over the country to expand your network.
Be inspired as you discover how you can make sure that your business is one that succeeds for generations.
Family Business Expert, CEO Coach
Mr. Anil Sainani is member of a business family, a Family Business Expert and an Executive Coach to family business owners and senior leaders (CEOs & functional Heads). Over the last 15 years he has facilitated over fifty corporate business families (including the Godrej Group, GMR Group, Dalmia Bharat Group etc.) build family alignment and/or develop and live their Family Constitution. Mr. Sainani has developed a new delivery mechanism whereby the time taken in developing a Family Business Constitution has been reduced from about 2-3 years to 4-6 months.
Before venturing into family governance consulting, Mr. Sainani worked in his own family business for 5 years and then in Government of India as a civil servant for over 13 years. He has been a visiting faculty to ISB Hyderabad, IIM Ahmedabad, IIM Bangalore and IIM Udaipur. He has also conducted workshops and lead discussion on case studies on Family Business for organizations like Confederation of Indian Industries (CII), Young Indians CII Kolkata, Young Presidents Organization (YPO) Delhi, Bangalore, Kolkata and Nairobi (Kenya), Entrepreneurs Organization (EO) Delhi, FICCI ladies Organization (FLO), All India Management Association (AIMA), Institute of Chartered Accountants of India (ICAI) etc.
Kellogg School of Management Northwestern University USA and Indian School of Business Hyderabad have made a film on one of the family governance interventions done by Mr. Sainani. This is taught as part of a case study in both these Schools. He has also authored a book “Triumph of Togetherness” which has been endorsed among others by Mr. Adi Godrej Chairman Godrej Group, Mr. G M Rao Group Chairman GMR Group, Mr. Sunil Kant Munjal Chairman Hero Group Corporate Services, Prof John L Ward Clinical Professor Kellog School of Management.
Mr. Sainani has done his Masters from IIM Bangalore, is a Certified CEO Coach and holds a Diploma in Creative Writing in English and a Masters’ degree in Arts.
Former Business Chairman and Member- Group Holding Board, GMR Group
Prasad Kumar is the Principal Advisor to the Parampara Institute of Family Business, a non- profit social initiative, sponsored by the GMR Group. He is the founder of Human Endeavour, a boutique advisory firm for Family Business and Owner Managed Companies. He is also currently member of the Governing Council of Srishti School of Art, Design & Technology.
Till recently, he was Business Chairman and member of the Group Holding Board of the GMR Group; Vice- Chairman and Managing Director of Parampara Institute of Family Business and Chairman of RAXA, the GMR owned homeland security company.
His career spans 46 years, covering a width of senior corporate roles in leading Indian companies – Madura Coats, CMC Limited, WIPRO, Thermax Limited and GMR Group. For a significant part of his career, he has been involved in long term partnerships with several companies in a consulting role – Kotak Mahindra, KPMG, Amarchand Mangaldas, Murugappa Group, GMR Group, Ramoji Rao Group, Marico, Oberoi Hotels, Apollo Hospitals, Thermax Limited, Kirloskar Oil Engines, Crompton Greaves, Hindustan Times, RMZ Group, Motorola, Texas Instruments, Microland and a few others.
An alumni of XLRI, he rounded off his management education with Manchester University UK. He is an accredited facilitator of the Indian Society of Applied Behavioural Sciences and a Certified Professional Facilitator ( CPF) of The International Association of Facilitators (for a three year tenure ). A Life Member of International Association of Facilitators, he has also been Executive in Residence at the Kellogg School of Management , NW University, Chicago, USA.
Chairman & Managing Director Bajaj Capital Ltd.
Rajiv Bajaj is the Chairman & Managing Director of Bajaj Capital Ltd. He is also the Founding Chairman of Financial Planning Standards Board, India and has been one of the key people involved with bringing the globally recognized Certified Financial Planner tm professional designation to India.
He has over 25 years of strategic management experience in the fields of Investment Banking, Investment Advisory, Insurance Brokerage and Financial Planning. He had spent his initial years in setting up of the investment banking business for Bajaj Capital. He also played an important role in expanding the distribution reach of Bajaj Capital from 20 offices in 1990 to around 230 now.
In the last few years, Rajiv has spent a lot of time in upgrading the operating system and processes of the company. Under his leadership, the company has won various category awards and recognition nationally like Great Places to Work (2008, 2009, 2010 and 2011) and ‘Best Financial Advisor – Retail’ Award for 2009, 2011, 2012, 2015, 2016 & 2017 by CNBC TV18.
Rajiv has done his MBA (International Wealth Management) from University of Geneva, Switzerland and an Executive MBA (International Wealth Management) from Carnegie Mellon University, Pittsburgh, USA. He holds an ‘International Certificate for Financial Advisors’ from the Chartered Insurance Institute (CII), London, UK. He is also amongst the first batch of 25 Certified Financial Planner (CFP tm ) designation holders in India.
He is a member of Entrepreneurs’ Organization (Delhi Chapter). He is also a member of Young Presidents’ Organization (Delhi Chapter). An active speaker and writer on Investment Strategy and Financial Planning in leading print and electronic media, Rajiv is extremely passionate about spreading financial literacy among the masses. His interests include Golf, Yoga, fitness training and Meditation.
Whole time director, Siti Cable Network
Sidharth Balakrishna holds an MBA from IIM Calcutta and an Economics degree from the Shri Ram College of Commerce (SRCC), Delhi University. He has over 13 years of experience in the energy, infrastructure and education sectors. He currently is a Board Director and leads Strategy working in the Chairman's office of the Essel (Zee) Group. In the past, he has led strategy and headed many large projects including in the fields of oil & gas, renewable energy, education, water and vocational training. Mr Sidharth Balakrishna has also been a Strategy Consultant with Accenture and KPMG. Some of the projects that he has led have been awarded nationally and internationally.
Mr Balakrishna has also considerable academic experience; and has written five books published by Pearson, the world’s largest publishing house. He is a Visiting Faculty at a number of management institutes in India. He has presented at a number of international fora in the past including at London, Muscat, Dubai, Myanmar, Mozambique, Kuwait, New Delhi, Goa, Mumbai etc. He is a columnist with the Economic Times and other reputed publications.
AIWMI’s inaugural Family Business Summit India provides an unmatched opportunity to connect your brand with prominent Indian business families from across the country.
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