built to last: insights from marwaris for startups
TRANSCRIPT
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