CEO in law
70% of world’s GDP comes from family businesses
70% of world’s GDP comes from family businesses
As per Financial Times: The research showed businesses run by their founders did best, but those run by sons-in-law came next, outperforming not only blood heirs but non-family professional managers too.
Satyan Gajwani is Vice Chairman of Times Internet (annual revenue of INR 1400cr approx). He married Times Group chairman’s daughter. He writes, “Yep, this is true. I am married to Trishla Jain, daughter of Samir Jain. And I’m 100% sure that has had a significant impact as to why I’m CEO of Times Internet today. That being said, I would expect that I’ll be measured more by what Times Internet is able to accomplish over the next few years, rather than where I am today.”
In India family run businesses accounts for 90% of India’s industrial output, 79% of organised private sector employment, and 27% of overall employment. As per Deloitte’s report 15 percent of the companies were less than 20 years old; 38 percent were established between 20 and 49 years ago, 35 percent were established between 50 and 100 years ago, and 13 percent were established more than 100 years ago.
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