Family Business : Triumph of Togetherness Held

Mr. Naresh Pachisia, Co. Chairman, CII -Family Business Network (east) moderated the session with speaker Mr. Anil Sainani, Founder & Managing Partner, BAF Consultants.

Anil Sainani is a well-known expert working for evolving unique and customized Governance models for Family Businesses across South Asia. He is a pioneer in the arena of Governance models for inter and intra generation continuity in small and large family business houses since 2004. Having worked with more than 150 Families across India, US Nepal & UAE, he has developed capabilities and organization for advising on Professionalization and Growth of Family Business, Family Constitution Creation, Coaching and Mentoring and Succession Planning, including the creation of Trusts/Wills. Being a civil servant for over 13 years he developed deep impressions about the constitutional and bureaucratic processes and the ways and means for bringing clarity in defining formal relationships and processes. Before venturing into family governance consulting, Anil gained critical insights of business by working in his own family business for 5 years and helping reach alignment of interests which culminated in his family creating their constitution.

Family businesses have come to occupy an integral place in the Indian and Global business framework. Distinct from other businesses, the practice of family business demands its own unique set of methodologies and practices. He explained the importance of Succession planning and that type of planning tends to be focused on deciding who will take over the business, and ensuring they are ready. He narrated his own experience while explaining the difficulty faced to keep the family business running smoothly.

Anil has authored a book “Triumph of Togetherness” which has been endorsed by, among others, Mr. Adi Godrej Chairman Godrej Group, Mr. G M Rao Group Chairman GMR Group, Mr. Sunil Kant Munjal Chairman Hero Group Corporate Services and Prof. John L Ward Clinical Professor Kellogg School of Management.

The event was well received by the members and there was a good inflow of meaningful questions.