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BAF Consultants · EO Kolkata × EO South Asia Bridge

Filling in the Big Shoes

What it really takes to inherit a successful business, earn legitimacy, scale and reinvent it — while preserving the values that built it.

Explore the Arc

Inheritance gives access; leadership must be earned.

Two outstanding next-generation leaders who have earned the right to lead — not because of the surname, but because of their ability to inherit, earn and reinvent. The conversation explores the challenge of stepping into a founder’s shadow, carrying an existing team along while building a new one, strengthening systems and processes, and opening a sustainable next chapter.

A Three-Part Arc

01

Inherited

Values, expectations, constraints, brand, reputation and the generational gaps that come with them.

02

Earned

Credibility, hard decisions, professionalisation and the talent that carries a business into its next phase.

03

Reinvented

Product, market and technology change, new growth bets, governance and global capital.

Two Legacies, Two Reinventions

Deepak Agarwal, Bikaji

Deepak Agarwal

Bikaji Foods

Took a legacy ethnic-snacks brand from a regional, family-owned enterprise to a national, publicly listed institution — building customer obsession and quality, capacity, governance and professionalisation, and brand building at scale, all while holding on to a frugal, founder-era risk appetite.

Tejas Goenka, Tally

Tejas Goenka

Tally Solutions

Transformed a legacy accounting-software product — simple, trusted and deeply embedded in MSME trust — into a broader technology platform, extending Tally Prime into banking and GST while navigating global expansion and an AI-led reinvention of the product.

Four Segments, One Arc

01

Earning the Right to Lead

The gap between being the founder's successor and becoming the leader — and what it took to close it.

02

Reimagining the Business

How Tally evolved from accounting software into a broader platform, and how Bikaji moved from a private, regional player to a national, public company.

03

The Founder–NextGen Dynamic

Advice taken, advice respectfully set aside, and how family and business tensions get navigated in real time.

04

Looking Ahead

Opportunities the previous generation could not have imagined, and what keeps a family business relevant decades from now.

Short Answers Only

1

One leadership lesson learnt too late

2

One decision they wish they had taken earlier

3

One book every NextGen should read

4

One capability every future CEO must develop

5

One family value they hope never changes

6

One word that defines the future

Imagine your grandchildren are leading the business 30 years from now. What is the one value you hope they preserve, and the one capability you hope they develop that your generation never had?
Inherited Earned Reinvented

What the Panel Left Us With

RespectLegacy, age and experience deserve respect.
Earned LeadershipLeadership is earned, not inherited by default.
CapabilityCapability is built through rigorous, sustained effort.
People FirstPeople need to be cared for and nurtured.
Built on the PastThe future is built on the foundation of the past.
Stewardship“Sabka Mangal Hoye” — the attitude of stewardship is critical.