Approximately 75% to 79% of India’s economy in FY24 was driven by family-owned businesses, according to Prince Mathew Thomas, managing editor at The Morning Context.
In a lecture to ACJ Bloomberg students, Thomas outlined the growth trajectory of India’s family enterprises across sectors including textiles, metals, real estate, refining, pharmaceuticals and banking. He said succession planning remains a critical angle for reporters covering these companies. Thomas is the author of The Consolidators and The SIS Story.
Family businesses in India are shaped by distinct attributes, he said, citing governance practices, ownership structures, intergenerational relationships, professional wealth management and philanthropic foundations that reinforce family values.
To report accurately on such firms, Thomas advised students to build strong sources, engage with next-generation leaders, track disputes within families and stay connected with industry professionals.
The session concluded with case-based exercises to help students apply these principles.