Beyond Three Generations - 08 Jan 2024

JAN Discussion on

08 2024

BEYOND THREE GENERATIONS THE DEFINITIVE GUIDE TO BUILDING ENDURING INDIAN FAMILY BUSINESSES MONDAY, 6:00 PM - 7:30 PM | MMA MANAGEMENT CENTER

C K RANGANATHAN

TATWAMASI DIXIT

NAVAS MEERAN

M S A KUMAR

CHAIRMAN & MD

FOUNDER CHAIRMAN

AUTHOR

AUTHOR

CAVINKARE PVT LTD

FABRIC

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Various global studies over the decades have shown that only a handful of family businesses survive beyond the third generation, while more than 90 per cent flounder. Why? What is the secret sauce that keeps these organizations going strong from one generation to the

SYNOPSIS

next? Can their models be successfully replicated by other family businesses? For the first time, two entrepreneurs, a family business consultant and a senior journalist—all experts in their fields—have teamed up to understand why only some family businesses survive beyond the third generation and how other businesses can follow the same blueprint for longevity.

With a special focus on micro, small and medium enterprises, Beyond Three Generations studies twelve family-run enterprises across industries. While not traditionally large businesses, all of these—Aravind Eye Care System, Bhima Jewellers, Dodla Dairy, Eastern Condiments, ELICO Ltd, Evolve Back, Gera Developments, House of Anita Dongre, IBS Software, OmniActive Health Technologies, Popular Automobiles and Sandu Pharmaceuticals—are well recognized within their sectors, mostly with turnovers of more than 1,000 crore. The authors document how these companies started small, built solid foundations, set up systems and processes, and established a culture that would last. They use their keen insight and expertise to reveal not only the critical drivers that help create lasting organizations, but also how one can balance the two key dimensions to building any family business—family and business.

Registration & High Tea

6:00 PM

Welcome Address

Ms Meera Nair Member, MMA Managing Committee Management Consultant & Independent Director – DBS Bank India Ltd

A brief overview by the Authors

Mr Navas Meeran Author

PROGRAMME

5:15 PM

Mr M S A Kumar Author

Launch of the book - “Beyond Three Generations” and address by the Chief Guest

Mr C K Ranganathan Chairman & Managing Director CavinKare Pvt Ltd

Address by the Guest of Honour

Mr Tatwamasi Dixit Founder Chairman, Family Business Research International Centre (FABRIC)

Authors in conversation with the Chief Guest & Guest of Honour Q & A Session 7:25 PM

Vote of Thanks

Gp Capt R Vijayakumar (Retd), VSM Executive Director Madras Management Association

Mr C K Ranganathan, Chairman & Managing Director, CavinKare Pvt Ltd., is a pioneering innovator. He is the former Chairman of Confederation of Indian Industry (CII)— Southern Region and former president of

PROFILE

the Madras Management Association, AIMA and TiE – Chennai Chapter.

Mr C K Ranganathan is one of the founding members of the Ability Foundation – an NGO working towards the rehabilitation of the physically challenged. He instituted the CavinKare Ability Awards in 2003 to celebrate the exemplary spirit of individuals who have risen above their physical limitations to display great achievements in life.

C K Ranganathan

Mr C K Ranganathan instituted the Chinnikrishnan Innovation Awards in 2011 in memory of his father, the late Shri. R. Chinnikrishnan, to encourage the spirit of entrepreneurship in the country.

A renowned Vedic scholar, trusted advisor and coach, Sri Tatwamasi Dixit, is a leading family business expert with over two decades of rich experience working with large, diverse, multi-generational family business conglomerates globally. He has mastered the integration of Vedic principles with Contemporary Psychology and Business Management. Equipped with his domain expertise, wealth of knowledge and insights, he helps families navigate through every imaginable family business challenge and guides them to manage growth, disruptive change and transitions.

Sri Dixit believes that ‘The foundation of any successful family business is a successful family’. He founded FABRIC (Family Business Research International Center), a boutique family business consulting firm, offering advisory and coaching services to family business entrepreneurs and nextgen leaders.

PROFILE

Sri Dixit is a talented natural facilitator, well-known for his innate and intuitive ability to internalize and decipher the DNA of family business dynamics. Depending on the underlying complexity of relationships and various family business challenges, he crafts unique solutions for transformation and harmony. He has the ability to take the ‘heat’ of family tensions and ‘undo the knots’ bringing about a calming influence that helps people deal with their difficult issues.

Tatwamasi Dixit

Sri Dixit helps business families derive solutions for their personal and professional challenges that encompass the Ownership, Business and Family aspects. He aligns them on their family business purpose, vision and values, provides solutions on succession, nextgen leadership development, family business governance, strategy, ownership structure, professionalization, decision making and difference management, drafts their family business constitution and helps set up their family office.

Words of appreciation received from his clients across the globe stand testimony to Sri Dixit’s excellence as a Family Business Consultant and Coach.

Sri Dixit has co-authored a book titled Indian Family Business Mantras, with Mr. Peter Leach, a leading family business advisor in the UK, which was launched in 2015 by the President of India, Sri Pranab Mukherjee. The book is a comprehensive treatise on family owned businesses that takes a pragmatic approach, interspersed with analogies and concepts from ancient Indian scriptures on values and culture.

Sri Dixit was conferred “Maharishi Badrayan Vyas Samman” by the President of India, Sri A.P.J. Abdul Kalam, for his work towards interdisciplinary studies on ancient Indian wisdom to the process of “Synergy between Modernity and Tradition”.

Mr Navas Meeran is the chairman of Group Meeran handles the growth of the Group entities and new investments of Group Meeran managed by the Group Meeran family office. He continues to serve on the Board of Eastern Condiments Private Limited as its CEO. He is also president of the Kerala Football

PROFILE

Association.

Navas Meeran is passionate about the Group’s entrepreneurship and investment philosophy and is its chief custodian. He has personally been involved in the Groups investments into early-stage start-ups that have the potential to bring about positive social and environmental change together with sustainable financial returns. Under his guidance, the Group provides its portfolio companies and first-generation entrepreneurs with strategic counsel and guidance to ensure long-term profitability, innovation and success.

Navas Meeran

Navas Meeran has served in several executive roles including Chairman of the Confederation of Indian Industries (CII) Southern Region, Director – Kerala State Industrial Development Corporation, Co-Chair – Innovation and Entrepreneurship Council, CII National Council and Member – Economic Growth and Investment Council, CII Southern Region.

Kumar is a Family Business Advisor and CEO Coach at Catalyst 360 since April 2015. Mr. Kumar is responsible for heading the full spectrum of services in CEO coaching and Family Business Advisory Services in the areas of Family Business Constitution, Succession Planning – wealth and management, Governance and Performance Management Review systems.

PROFILE

Kumar is 1976 IIM Ahmedabad graduate, who brings over forty years of rich business leadership experience across front line sales, product and profit center management. He started his career with Sandoz (India) Ltd as a Management Trainee and rose to the position of Executive Director in Bayer (India) Ltd. Before joining AV Thomas Group of companies in 1995 as Managing Director, Kumar was the Vice President of Shaw Wallace and Company, Chennai. During his 20 years tenure with the AV Thomas group, Kumar has been the Managing Director of AVT Natural Products Ltd and AVT McCormick Ingredients Pvt Ltd, Cochin since the inception of the companies in 1995.

M S A Kumar

Kumar led the founding of a state-of-the-art spice processing plant for the American JV, successfully managing the complexities of cross cultural operations both at the working team and at the board level. He was also responsible for overseeing the development of one of India’s largest contract farming operations for flowers at AVT Natural for processing into high value nutraceuticals raw material. He conceptualized and executed setting up of wholly owned subsidiary of AVT Natural Products in China for growing and processing of Marigold flowers.

Mr. Kumar has also served various public positions such as Member - Spices Board India, Member - Executive Committee, Cochin Chamber of Commerce and Industry, Chairman, Confederation of Indian Industry (CII) Kerala, Chairman, All India Spice Exporters Forum, Cochin.

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