MISSION
To foster commitment in emerging Family Owned Business for meaningful
and proper Governance that enables perpetuity and National Economic
Development.
PURPOSE
Evangelize development of Family Owned Businesses by
Fostering awareness for processes, trusting relationships and robust governance
Thought Leadership on Family Business Practice
Nurturing the spirit of entrepreneurship in the next generation of family-owned enterprises
VALUES
Integrity | Empathy | Inclusivity | Humility | Thought Leadership | Trust
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Parampara Family Business Institute (PFBI) serves as an Education and Research platform to enable family
businesses sustain, grow and perpetuate through generations.
PFBI will engage with family businesses in four evolving stages:
•
•
•
•
Awareness
Education
Development
Adoption
The Institute will provide state-of-the-art expertise through research, global partnerships and knowledge
exchange.
Entrepreneurship Development in family businesses will be a mission critical objective of the Institute.
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Why PFBI?
Challenges faced by Family Businesses
•
Most of the Business families face unique management challenges because of the differences in the
attitude & aspirations of family members
•
As new generations join the family business, it is an enormous challenge to keep the family &
business together. Some sacrifice the business to keep the families together, while others sacrifice the
family to keep the business
•
It has been observed that only 13% of the family businesses survive till the 3rd generation, 4% go
beyond the third generation and about one third of the business families disintegrate because of
generational conflicts
Source : CII - FBN India
Role of Family Businesses in Indian Economy
•
Out of the nearly 1000 companies with market capitalization greater than USD 50 million, 663 are
family businesses
•
Family businesses in India account for 70% of the total market capitalisation and 57% of the
employment
•
As they succeed, they contribute to the economy of the country because family businesses contribute
to 60-70 percent of the GDP of most developed & developing countries. India is no exception.
•
The close-knit structure of families which fosters teamwork combined with respect to family values
and family elders has been the key to success of many family businesses
Source : CII - FBN India
Social Commitment
PFBI is a Not-for-profit social initiative that seeks to contribute to national development. The Institute
will work towards inspiring emerging family business to focus on the development of the family and the
business through strong governance and entrepreneurship.
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Education
Research &
Advisory Services
Events, Conferences
& Networking
Family
Entrepreneurship
PFBI - Services
“
PFBI creates value through thought leadership, research
and entrepreneurial development in family businesses.
We aspire to provide a platform for fostering awareness,
trusting relationships and robust governance. Establishing
credibility, trustworthiness and non-solicitation are the
key hygiene factors for a Family Business Advisor. The
Programmes offered by PFBI reflect the needs of family
businesses, based on extensive market research and this is
backed by strong academic partners and delivered by the
best academicians in the field.
Prasad Kumar
Vice Chairman & Managing Director - PFBI
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A. Education
PFBI offers a range of Certified Learning Programmes for members of Family Owned Businesses and
their stakeholders.
The Institute is committed to create a community of credible professionals as Family Business Advisors
in India.
What makes PFBI’s Learning Experience Unique?
• Access to world class content and faculty through Partnerships with the Best Global Institutes &
experts in family businesses
• Blended Learning Design for a holistic learning experience (E-learning, Webinars, Classroom
Trainings, Video Case studies, One-on-one mentoring, Community memberships & more)
• Customized Programmes crafted for specific needs of the members of family businesses &
professionals associated with them
• Latest Research Insights in the Indian context along with Practitioner Perspectives
• Learning tools customized through vernacular translation for family business members
• Conferences & Knowledge communities for ongoing application of learning
1. Compass Programme – for Entrepreneurial Families
Compass Programme for Entrepreneurial Families is an educational programme developed by
business families Foundation and Parampara Family Business Institute to provide business families
with a better understanding of fundamental, contemporary concepts.
The programme has been developed for inclusion of all business families irrespective of their
generation of ownership, their current governance mechanisms or future plans for businesses and
families.
The course provides learning opportunities for all members of the business family and provides tools
for navigating the individual and family issues.
Duration: 5 hrs of Business Family Fundamental Course for family members followed by 2 days of
classroom sessions.
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2. Certified Family Business Advisor Programme
Designed to equip a cadre of professionals as credible and trusted advisors of the business family with
strong values, perspectives and skills. A rigorous curriculum for hand-picked individuals with a sense
of mission.
Duration: 10 months
3. Short Term or Modular Courses
To provide a learning experience in niche/specific areas of family businesses for family members and
the stakeholders of the family businesses.
Duration: 1-2 days
B. Research / Advisory Services
Research on Indian family businesses has offered deep insights into the business-related aspects of
successful and longstanding Indian family businesses, but very little on family dynamics and mutual
interplay.
PFBI’s research aims at providing in-depth study on family element, family governance and more
particularly the role of the culture of unwritten principles, processes and shared values in Indian family
businesses.
Through case studies, we aim to adopt and adapt proven ‘concepts’ on the dynamics and behavior of Family
Owned Businesses in the Indian environment. Development of indigenous and appropriate frameworks that
are relevant to the Indian diaspora is an important mission.
The research will be a practitioners perspective to family development.
C. Events, Conferences & Networking
India has a large number of family businesses that are poised to grow to the next level. Knowledge sharing,
professional development and hand-holding of family businesses would play a critical role in their growth.
PFBI is committed to provide a platform for family businesses & professionals in family businesses to stay
connected, exchange knowledge, experiences and insights through various conferences and
events.
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D. Next-Gen Family Entrepreneurship
PFBI offers internships and development programmes for next generation family members.
Businesses are characterized by efforts on the part of the ownership to balance financial performance with
maintenance of family control and benefits for future generations. For family businesses to survive, sustain
and grow, they must pass on the entrepreneurial mindset and capabilities to create new streams of wealth
across many generations: not just the business on from one generation to the next. This practice is referred
to as ‘Transgenerational Entrepreneurship’ or more simply, family entrepreneurship.
Family Entrepreneurship plays a significant role in the long-term sustainability of Family Owned Businesses.
Promote thought leadership and research on Family Entrepreneurship in the Indian context.
Offer uniquely designed learning programmes on Family Entrepreneurship for the next generation.
Provide incubation opportunities in entrepreneurship for members of family owned companies.
ACADEMIC COUNCIL
Nan-b de Gaspé Beaubien
Nan-b and Philippe have been honored with Kellogg University’s First Outstanding Family in Business
Award, Quebec Entrepreneurial Philanthropic Award, a joint honoris causa Doctorate Degree from the
University of British Columbia, and was the first couple to be inducted into the Canadian Business Hall
of Fame.
Peter Leach
Peter Leach is the Founder & Chairman of Peter Leach & Partners. He was awarded the Family Business
Place Red Ribbon Award, Richard Beckhard Award and Family Business Advisor Award. He currently
serves as the Non-Executive Director on the Board of Pentland Group Plc.
Kavil Ramachandran
Professor Kavil Ramachandran was the Founding Faculty to set up the Wadhwani Centre for
Entrepreneurship Development at ISB. He was the Associate Dean - Academic Programmes before
becoming the Thomas Schmidheiny Chair Professor of Family Business & Wealth Management.
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Prasad Kumar
A Post Graduate in Management, Prasad Kumar brings over 40 years of experience in several leading
and diverse organizations in senior leadership and consulting positions. He specializes in Family
Business, Organization Development, Institution Building and Organization Behavior. He serves as one
of the Directors of Parampara Family Business Institute.
Tatwamasi Dixit
Sri Tatwamasi Dixit is a successful consultant and coach specializing in family businesses. He acts as an
Independent Director on various Family Business Boards and Corporate Boards.
Judy Green
Judy Green is the president of Family Firm Institute (FFI), and holds a Ph.D. in aesthetics and education
from Marquette University. She was the recipient of FFI Barbara Hollander Award 2008 and will serve
as a Judge in the 2014 - Family Wealth Report Awards.
Sergio Foguel
Sérgio Foguel is a Senior Associate Partner with Cambridge Advisors to Family Enterprise, member
of the Board of Odebrecht SA and former VP for Corporate Governance, Strategic Planning, Human
and Organizational Development. He is a Consultant for Founders, Entrepreneurs and Families with
emphasis on Governance including succession planning.
Vasanthi Srinivasan
Vasanthi Srinivasan is the Chair of the Centre for Corporate Governance & Citizenship and Associate
Professor in Organizational Behavior & Human Resource Management. She is the Regional Coordinator
for Global Survey of Business Ethics South Asia, Committee member of CII Task force on CSR and
Executive Committee member ISBEE 2000-2008.
Pascal Michaud
Pascal Michaud served as the President of Business Families Foundation. Michaud brings invaluable
experience in management systems and innovation in research. She is a Visiting Fellow at Tanaka
Business School, Imperial College, London, Director at Think Play Do Ltd., London, and President of
advisory committee of Industrial Materials Institute (IMI).
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Key Focus Areas
Academic Partners
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BOARD OF DIRECTORS
Subbiah MV
MV Subbiah is a third generation member of the Murugappa Family. He is the former
Chairman of Murugappa Group and the current Managing Trustee of Murugappa’s Family
Foundation. He is the Chairman of the National Skill Development Corporation and also
serves on the Boards of Axis Bank, SRF and LMW. He has been recipient of the JRD Tata
Business Leadership Award 2002 and National HRD Award 1988.
Mr. Subbiah completed Engineering from the University of Birmingham and Diploma
in Industrial Administration from the University of Aston U.K. After his retirement, he
went on a sabbatical to the Centre for Family Enterprises at Kellogg Business School. He
received the honorary degree of Doctorate from the University of Birmingham for his
contribution to business in 2011.
Damodaran M
M Damodaran was the Chairman - Securities and Exchange Board of India (SEBI) and
former Head-IDBI Bank. He was the Chairman of the Taskforce on Corporate Governance
constituted by the Federation of Indian Chambers of Commerce and Industry (FICCI). He
has been awarded the Public Service Excellence Award 2009 by All India Management
Association, Economic Times Award for Change Agent of the Year 2006-07, and Finance
Man of the year 2004, among other distinctions.
Prasad Kumar
Prasad Kumar holds key international accreditations in Process Facilitation & specializes
in Family Business, Organization Development, Institution Building and Organization
Behavior. He provides Strategic direction to Institution Building, Corporate Governance,
Human Resources, Information Technology, Corporate Communications, Homeland
Security, Sustainability and Family Office.
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Tatwamasi Dixit
Tatwamasi Dixit is a consultant and coach specializing in family businesses. He is the
Founder of FABRIC (Family Business Research International Centre) which offers family
business advisory services and coaching to family business entrepreneurs. He has
mastered the integration of Vedic principles with contemporary psychology & business
management.
Mr. Dixit was awarded the “Maharishi Badrayan Vyas Samman”, highest civilian award in
2007 for his work on the ‘synergy between modernity and tradition’.
Ramadevi Bommidala
Ramadevi Bommidala is the Director of GMR Varalakshmi Foundation and GMR
Bannerghatta Properties Private Ltd.
On completion of B.Sc in Home Science from Andhra University, Visakhapatnam.
Ramadevi served as Director - Administration at GMR Power Corporation, Chennai,
between 1998-2004 after which she joined GMR Varalakshmi Foundation, as Director.
Mrs. Smitha Raju
Smitha Raju Grandhi is a graduate in Electronics & Communication Engineering from
the University of Madras and holds an MS in Software Engineering from Illinois Institute
of Technology, Chicago, U.S.A. Currently she is the Whole-time Director of Bannerghatta
Properties Private Ltd. and Director on Board of GMR Varalakshmi Foundation. She is one
of the chief architects of the design of Family Constitution, the one-of-its-kind in the Indian
family Business history.
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Ragini Kiran Grandhi
Ragini Kiran Grandhi is the Director on the Board of GMR Varalakshmi Foundation,
Secretary for the Non – Business Family Forum and member of GMR Chinmaya Vidyalaya
Governing Board. She is an active member of the Entrepreneur’ Organization (EO),
Hyderabad and Young Presidents’ Organization (YPO), Bangalore. She enjoys reading,
has an artistic bent of mind and works with different mediums like bonsai, terrarium,
miniature landscapes and is now actively engaged in reviving an preserving the dying art
of silver filigree work in Karimnagar District of Telangana State, India.
GM Rao
G M Rao, a Mechanical Engineer, is the Founder Chairman of the GMR Group, Bangalore
based global infrastructure developer. Mr. Rao was conferred with the honorary Doctor
of Law by York University, Toronto, Canada in 2011, the honorary Doctor of Letters by
the Andhra University, India in 2010 and honorary Doctor of Letters by the Jawaharlal
Nehru Technological University, Hyderabad, in 2005. He received the award for the ‘First
Generation Entrepreneur of the Year’ from CNBC TV18 in 2009 and Infrastructure Person
of the Year Award at the Infrastructure Journal Award Ceremony held in London. He has
been serving on the very prestigious Central Board of Directors of Reserve Bank of India
(RBI) since 2011.
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Academic Partners
Parampara Family Business Institute
25/1, Skip House, Museum Road, Bangalore - 560 025
email: [email protected]
Ver. 1.0.1/Feb/15
www.pfbi.institute
Established as a Sec-25 (Indian Companies Act) “Not-for-profit” company, eligible for Sec-80G deduction under IT Act.