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India’s family businesses are learning to quit when on top


By quitting when they are still on top of their game, a handful of Indian business families are showing the way to many others of their tribe. The Hamied family, which founded Cipla 88 years ago, has kicked off an auction of its 33.47 percent stake in India’s fourth largest pharma company. Elsewhere, Dilip Piramal, who carved VIP Industries out of his family business and turned it into India’s biggest luggage maker, may also be looking to sell his...


By Sundeep Khanna

Read More at https://www.moneycontrol.com/news/opinion/indias-family-businesses-are-learning-to-quit-when-on-top-11486731.html


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