17 November

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Strengthening alignment in family businesses

Synopsis The real issues need to be addressed at the fundamental level. The issues are: a) misalignment of values between the promoters, the board and the management team, and b) lack of clarity in roles and responsibilities. After losing the test series, the Indian Cricket team also lost the one-day series with South Africa recently. While winning and losing are part of the game, the recent misalignment between the BCCI President and former Captain does raise a few questions about the impact of such differences on the field and on the game. We have also seen such scenarios play out in the...

01 October

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Learnings from Next Gen Family Leader’s Dairy

Posted by BAF Consultants

in Coaching

“Hosh mein toh ho? Yeh civil contractor ka kaam khud karna chahti ho?” “Are you out of your mind? You want to work as a civil contractor?” My real journey as a next gen family business leader started 10 years ago with this dialogue. It was the first instance of difference in opinion between me and my dad. I was frustrated and hurt. At that point, I just had to agree with him and move on. A decade later, I’m much better at managing such differences, reining in the emotions and juggling between the different hats of an owner, manager and daughter. Or at...

30 September

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Rekindling Broken Family Ties : Is it Possible?

Posted by BAF Consultants

in Coaching

“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 May

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Creating Confidence for Critical Conversation

Posted by BAF Consultants

in Articles, Succession Planning

Last night I got a call from Bharat, a second generation member of promoter family (4 founder brothers in 1st generation having 3 sons in 2nd generation). All seven members were active in business. They had few businesses, including a listed company. Their combined businesses were worth couple of thousand crores. The four brothers in 1st generation had worked hard to create the business from scratch. The three sons in 2nd generation had also contributed in varying degrees to the success of business. As it happens in many Indian families, the ownership share of family members was not clearly discussed....

03 September

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The art of thinking independently together

Posted by Simran Sainani

in Coaching

Rousseau, the great philosopher said "Man is born free and everywhere he is in chains." Humans are indeed a unique creation of God, not just as individuals but also as an integral part of human society. Every new born is unique and unlimited. While the society teaches him lot of valuable lessons and ways to lead his life it often forgets to value his uniqueness and beauty. More so, at home, at school and wherever the child goes, there is a comparison with others. The child soon learns that I am incomplete, and I have to prove myself better than others. We...

03 September

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Togetherness expands Freedom

Posted by BAF Consultants

in Implementation of family constitution

Fulfilling expectations and at times going beyond them, is love and caring in action. It strengthens bonds of togetherness. Expectations are the essence of relationships. In reality, there is no relationship without expectations – even in parent child relationship, there are moments when one has some expectations from his/her offspring. So, let’s accept the reality of expectations. Unmet expectations are the root cause of all pain, disappointments and breaking of relationships. The perceived burden of expectations restricts one’s freedom and weakens and breaks the bonds of togetherness. It is perhaps, the most important cause of breaking of relationships – joint families...

03 September

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Wealth – an end or a means to the end

Posted by BAF Consultants

in Coaching

In an ever dynamic and ever-changing world, one thing that has remained constant over the ages, and perhaps has accelerated in present times, is mankind’s pursuit of wealth. Creating wealth is keeping us all occupied. Governments are worried most about their GDPs, organizations, big or small, are concerned about profits and growth. And then individuals are slogging day and night because they wish to create wealth. Apart from fulfilling the three basic human needs of food, clothing and shelter, wealth in today’s world is also necessary for education, health, holidays, pursuit of hobbies etc. At a deeper level, the purpose of...

11 November

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Supporting vs Judging

Posted by BAF Consultants

in Coaching

We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

29 October

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To Grow – stop resisting reality! Accept “What Is” and start working on it

Posted by BAF Consultants

in Creating an effective board for the company

Strengthening alignment in family businesses

Learnings from Next Gen Family Leader’s Dairy

Rekindling Broken Family Ties : Is it Possible?

Growth Through Sustained Alignment

Creating Confidence for Critical Conversation

The art of thinking independently together

Togetherness expands Freedom

Wealth – an end or a means to the end

Supporting vs Judging

To Grow – stop resisting reality! Accept “What Is” and start working on it

Why Governance?

Family Governance – Proactive Strategies

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

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

Family Council Journey Webinar

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