30 September

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Rekindling Broken Family Ties : Is it Possible?

“Do you still regret the way we separated from the family?” worryingly asked Preksha Oberoi. She had not seen her husband so anxious & overwhelmed for quite a few years now. “No, it's not about regret. I do agree that we all could have handled the situation better. It’s just that I don’t feel like revisiting those events, it's somehow very uncomfortable ” replied her husband Mahendra Oberoi. Mahendra was apprehensive about what was awaiting him the next day. He had to face his siblings and participate in a discussion that had caused extreme disharmony and resentment in the family years...

07 September

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Growth Through Sustained Alignment

Posted by BAF Consultants

in Coaching

“Do you want some more rice dear ?” asked Swati Gehlot. Raju Gehlot didn’t respond. Sitting at the dinner table, he was completely lost in his thoughts. His legendary 100 year old family owned and led company was in a major crisis. Based in Surat, Diamond city of India, Everest Group has been one of India’s leading companies specializing in diamond mining and industrial diamond manufacturing. The promoters of this group are the Gehlot family, a third generation family business. The business is currently led by Raju Gehlot. The Gehlot family is historically close-knit and all the members have received a...

22 June

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Induction of Next Generation in Family Business

Posted by BAF Consultants

in newspaper articles, The Economic Times

-TD Chandrasekhar, Partner, BAF Consultants & Simran Senani, Senior Consultant, BAF Consultants Introduction Growth and Perpetuation of family business depends on successful transition of the business to the next generation. Unsuccessful transitions often lead to the failure of both the business and the family. This article intends to focus on one of the reasons for this failure which is the inability of family businesses to induct the next generation in the business or because of the errors made in this process. Family Businesses Owners want their children to join the family business and usually do not even discover whether they are interested in joining...

28 July

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Strengthening Relationships- The Master Key Introduction

Posted by BAF Consultants

in Business World, newspaper articles

Members of Family Businesses call it the “Ego to Wisdom Master Key”. The process of moving from Ego to Wisdom is difficult, however those business families which have worked on this key aspect, have emerged stronger. It has made a magical difference in their relationships and has had an exponential impact on their business growth. The recent feud in the Munjal family around the rights of use of ‘Hero’, the brand name for electric two wheelers, is potentially an issue which could create stress amongst the concerned family members. We are surrounded by incidents such as this in family businesses. Issues...

22 June

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Amicable Separations In Family Businesses

Posted by BAF Consultants

in Business World, newspaper articles

Having an Exit Policy in place even where there is no talk of exit is crucial. Also, where exit must be done, a common set of accounting, tax and legal advisors and a common facilitator is essential. Family businesses, especially organised one (say with assets over Rs. 50 crores) of today's world are like zamindars, landlords and kings of the days gone by. They signify wealth and power, the two most important pursuits of the majority of the people, more so in today's world. On the positive side, wealth and power make our lives comfortable and give us opportunities to make a...

04 March

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Family Council Journey Webinar

Posted by BAF Consultants

in Videos

12 June

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The Heart and Science of Communication in Family Business by Anil Sainani Download Webinar Resource

Posted by BAF Consultants

in Webinars

12 June

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Q & A Session on the Webinar -The Heart and Science of Communication in Family Business

Posted by BAF Consultants

in Webinars

01 August

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Family Governance – Proactive Strategies

Posted by BAF Consultants

in ISB Insight, newspaper articles

Effective governance mechanisms, both at the level of family and the business are central to the growth and sustenance of family businesses. Simran Senani, Nupur Pavan Bang and Anil Sainani discuss the role of the Family Business Constitution in facilitating family governance. More than 90% of the businesses in India are family-owned.1 A large number of them do not remain together beyond three generations and many do not survive the impact of family disruptions on the business.2 Thanks to increasing academic interest in the subject and pioneering efforts by industry bodies, awareness about family governance in India has increased substantially. In multiple cases,...

17 July

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Why Governance?

Posted by BAF Consultants

in Videos

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Author: BAF Consultants