built to last: insights from marwaris for startups

Built to Last: Insights from

Marwaris

Dr. Pavan SoniInnovation.evangelist@gmail.co

mwww.pavansoni.com

Forbes 2000 India’s on the 2016 List

# 121 # 278 # 453 # 899

# 901 # 1121 # 1228 # 1228 # 1527 # 1670

# 1693 # 1732 # 1773 # 1920 # 1993

# 755

16 of 56 firms are family-run

Indians on 500 of World’s Richest People

Mukesh Ambani#36 $23.4 billionReliance Industries

Dilip Shanghvi#44 $16.5 billionSun Pharma

Azim Premji#55 $15 billionWipro

Shiv Nadar#88 $11.5 billionHCL Group

Cyrus Poonawalla #133$8.6 billionSerum Institute of India

Lakshmi Mittal#135$12 billionArcelorMittal

Uday Kotak#184$8.1 billionKotak Mahindra Bank

Kumar Birla #196$8.7 billionAditya Birla Group

Sunil Mittal #219$6.7 billionBharti Airtel

Desh Bandhu Gupta#233$5 billionLupin

Shashi & Ravi Ruia#270 $5.6 billionEssar Group

Micky Jagtiani#338$4.2 billionLandmark Group

Most businesses originated from Rajasthan, and spread across India

Marwaris form ¼ of all billionaires in Forbes list

The secret of longevity

Family business is not limited to India!

In the US, family firms account for 35% of all the firms.In S&P 500 alone, they account for 95% of all firms, cornering 50% production, and 42% employment.

In Germany, 80% of firms are family businesses, accounting for over 60% of the national product.

Longevity of Family Business

Financial discipline

Frugality and Parsimony

Risk appetite and

adaptability

Family over individual

Building social capital

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Financial discipline and sharp accounting skills

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Frugal means and Parsimony

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Adaptability and risk appetite

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Family over individuals: The seed of trust!

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Building strong social capital, aka Brand

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Why do several family businesses fail?

Succession planning

Operational autonomy

Ideological conflicts

Science versus wisdom

Professionalism in business

Culture of Innovation

Professional education

Take half-chances

Power of delegation

Vision and Planning

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Professional education perspective networkvocabulary pedigree

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Taking half-chances and seizing opportunities

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An innovation

culture: Chaos +

Discipline

Vision and planning:

Product expansion Brand building Market expansion

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The power of delegation

India’s most valuable startups

Sachin Bansal

Bhavish Aggarwal

Vijay Shekhar Sharma

Pranay Chulet

Deepinder Goyal

Rohit Bansal

Kunal Shah

Ashish Goel

Naveen Tiwari

Think &

Grow