How succession planning can create legacies for family-owned businesses3 min read . Updated: 26 Feb 2020, 01:28 PM IST
- A well-conceived succession plan acts as a blueprint for ensuring asset preservation and growth
- The shareholding pattern of a majority of listed Indian firms has promoters holding a controlling stake in family-held businesses
According to a report released by Credit Suisse, an investment bank and financial services company, in the second half of calendar year 2018, India was home to the third-largest number of family-owned businesses in the world. The report estimated that a total of 111 companies with a total market capitalisation of $839 billion were family-owned business enterprises. In the global ranking order for family-owned businesses, India was positioned third behind Germany and China.
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