Archive · 10 Aug 2025
Family Businesses Focus on Professionalism and Growth
Experts and family business leaders met to discuss how to make family businesses successful and long-lasting.
They highlighted the importance of using clear processes in running the business instead of relying on just one person.
They discussed professional wealth management.
A key point was that family offices are more established in western India than in the south.
They also talked about how few family businesses make it to the third generation and how to help the next generation take on the role of custodians of the business.
They also touched on adapting to change and allowing investors to exit when needed.
Family business leaders discussed professionalizing family businesses for sustainability.
Experts emphasized process-driven management over person-driven approaches.
Family offices are more common in West India compared to South India.
Speakers noted a low success rate of family businesses reaching the third generation.
Insights were shared on adapting to change and offering investor exits.
- Who
- Family business owners and experts
- What
- Family business leaders and experts shared insights on professionalizing family businesses and ensuring their sustainability.
- When
- August 10, 2025
- Where
- Chennai, India
- Why
- To discuss professionalizing family businesses.
Maintaining Tradition
Embracing Change
Tradition vs. Modernization
Maintaining Tradition
Some may believe in maintaining tradition in business.
Embracing Change
Others stress adaptation to the times.
- Event
- 15th anniversary gathering of Metis
- Location
- Chennai, India
- Focus
- Professionalizing family businesses
- Key Topic
- Family offices and wealth management
- Success Rate
- 13-14% of family businesses succeed to the third generation