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Succession Planning (Special Focus)

Conflicts relating to succession are almost as old as recorded history. Most famous Indian epics have an undertone of problems related to, and the importance of succession. Even as literature and reality demonstrate how important this area is, Indian business families have not really given this issue its due. Wealth can grow manifold and be preserved for many generations if a well-defined and well-thought-out succession plan is in place.

As the concept of succession planning has moved far beyond the division of silver among family members, and as meritocracy plays a vital role in the right fit, finding the right successor is becoming very important. In this section, we explore recent trends and changes in succession planning among India's ultra-rich.