Indian family businesses are built in one generation and decided in the third.
Since 2011
We advise promoter families and mid-market companies on succession, growth, capital and operations. Most of our work begins at the family table and ends with a company that no longer depends on one person.
Survey · 212 family businesses, 2025
Who has a written succession plan?
We asked promoters and family directors at 212 Indian family businesses, between ₹100 crore and ₹12,000 crore in revenue, whether a written, board-approved succession plan exists today. The answer falls with every generation that takes control.
Fewer than one in eight third-generation firms has a plan on paper.
Source: Kaveri & Rao Family Business Survey, 2025. Share answering yes to “Does a written, board-approved succession plan exist?”Rounded to the nearest whole number.
“A founder can run a company on instinct. A council of eleven cousins cannot, and should not have to try.”
Succession & governance
Family constitutions, councils, independent boards and the hand-over from founder to the next generation.
Growth strategy
Where to play next: adjacent categories, new states, export markets and the acquisitions that make sense.
PE & IPO readiness
Getting a promoter-run company ready for a fund, a strategic buyer or SEBI, eighteen months before anyone asks.
Operations & margin
SKU discipline, procurement, working capital and plant productivity, measured in crore released.
GCC set-up for foreign firms
Entity, city, first hundred hires and governance for companies opening a capability centre in India.
Selected work
Recent engagements, told with the client’s permission and without their name.
All case studiesA ₹1,800 crore textiles group, Tiruppur
Succession & governance3 independent directors, non-family CEO2024A ₹950 crore auto-components maker, Chakan
PE & IPO readiness₹420 crore minority round2024A ₹640 crore spice and staples brand, Indore
Operations & margin₹38 crore cash released2025A German industrial-automation group, Chennai GCC
GCC set-up0 to 340 engineers in 18 months2025
Most first conversations happen before anyone is ready to call it a project.
Two partners, ninety minutes, under NDA. You leave with a written note of what we heard. No proposal unless you ask for one.