India’s family firms are booming — but who will lead them tomorrow?

Indian family businesses are experiencing unprecedented growth, expanding globally and embracing new technologies. However, a significant challenge looms: the next generation is increasingly opting for careers outside the family firm. While founders remain optimistic, only a small fraction of heirs wish to take the reins, signaling a critical need for evolving succession strategies to ensure these economic powerhouses continue to thrive.

By SHIVANGHI PAYAL