Resilience and growth: Perspectives of Indian business

Indian society has long been defined by its family-based structures, significantly influencing the way business is conducted. Family-owned enterprises in India have historically prioritised family support, with control often remaining within a close network. Despite the influences of globalisation and rapid digitisation, these businesses continue to be dominated by family ownership. Traditionally, founders have relied on family savings for initial funding, maintaining tight control over finances and strategic decisions. This model has fostered trust and alignment amongst family members, yet it has also presented unique challenges, such as governance issues and succession planning.

However, the landscape is evolving. Many traditional family-owned businesses have transformed into conglomerates, utilising formal banking systems for expansion as they reach a certain size. The new generation of family-owned enterprises benefits from greater access to capital markets―thanks to high global liquidity and increased investor appetite for emerging markets. This shift has introduced global networking, technological advancements, and new risk-taking opportunities, enabling these businesses to innovate and grow.

As the business ecosystem evolves, there is a notable rise in women’s participation and collaborations with startups. This new environment challenges family-owned enterprises to embrace fresh perspectives, focus on social impact and sustainability, and use emerging technology to stay agile. The fusion of traditional values with modern practices is expected to create resilient and successful enterprises equipped to navigate the complexities of the new era. Strong family ties and a commitment to building enduring family-owned empires will remain central to their success, even as they adapt to new financial, strategic, and operational realities.

Learn how these aspects impact the future of family-owned businesses. Download the complete report to explore in-depth insights into the evolving role of family enterprises, emerging trends, and actionable strategies for navigating the changing landscape.