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Context:
India ranks third on the list of countries with the highest number of family-owned business according to a research report - the Context:
India ranks third on the list of countries with the highest number of family-owned business according to a research report - the

Family Business Conclave on 03-06-2019

Context:
India ranks third on the list of countries with the highest number of family-owned business according to a research report - the 'Credit Suisse Family 1000', based on a study of 1,015 companies of $250 million or more in market capitalisation. The country has 111 family-owned business with a market capitalisation of $839 billion. The report, while reviewing the best-performing family-owned companies in Asia by country, found that more than 50% of the top 30 are from India.
The other side of the coin is the family-owned Enterprises that are in nascent stages of growth. These firms encounter several challenges in the form of infrastructure constraints and lack of access to formal credits. Despite these bottlenecks, family-owned and family-controlled enterprises look forward to reclaim the 'engines of growth' moniker in India in the coming years.

Focus :
India is expected to be a $5 trillion economy by 2025. The focus of the one-day Family Business Conclave is to address the challenges confronting the family-owned businesses and steer the discussion towards 'How could family-owned and family-controlled enterprises make the major contribution towards this milestone?'
It is imperative for these enterprises to innovate, explore modern technology and embrace strategies to cut costs, gain efficiency consistency, improvise production of goods and services as well as marketing and management functions.

Coverage :

Special Session I: Shift in mind-set of family-owned Enterprises .
Most family-owned businesses view emerging business ecosystems as opportunity for growth. However, a number of self-limiting behaviours persist. This session will emphasise shift in mind-set required for innovation - product and service solutions as well as business model innovation; commercial orientation, technology-enabled expansion; succession planning and governance issues. The session identifies and define the baby-steps that the nascent family businesses could take to emerge successful.

Special Session II: Financing India's nascent family enterprises .
The overall demand for both debt and equity finance for the Indian SME sector, that is dominated by family businesses, is estimated to be INR 87.7 trillion [US$1.4 trillion]. This staggering finance requirement could be divided over INR 69.3 trillion [US$1.1 trillion] od debt demand and INR 18.4 trillion {US$ 283 billion] of equity demand. This session will help assess the demand for, and the flow of credit into the family business sector and the consequent gap in the financing needs. It will also explore potential interventions to boost the flow of formal credit to the nascent family enterprises.

Special Session III: Ensuring Family Legacy: Multiple Family Offices .
As the family-owned enterprises begin to grow and attain the status of mid-sized businesses these make a massive contribution to employment generation and overall GDP growth. The family-owned business leaders start thinking of continued growth of the business as well as sustaining family values and legacy for the posterity. The time for multi-family offices has come. Family offices understand the unique characteristics and attributes seen among the fastest growing family business around the world that can inspire business families and generations to have meaningful dialogue about the future of their family enterprises. Financing growth and sustaining legacy in family enterprises can be done in a myriad of ways. So, it is important for families to understand what options are available as they develop their plans for the future of the business.

Date: MONDAY 03 JUN

Start Time: 9:00 AM

Venue:MMA MANAGEMENT CENTER, Thousand Lights East, Thousand Lights, Chennai, Tamil Nadu 600006

03

JUN'2019

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