How can family businesses keep themselves from splitting? By separating ownership and management

How can family businesses keep themselves from splitting? By separating ownership and management
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How can family businesses keep themselves from splitting? By separating ownership and managementBy S Subramanian & Nupur Pavan Bang, ET CONTRIBUTORS
Last Updated: Mar 10, 2021, 03:03 PM IST
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Synopsis
Many Indian family groups have split in the last two decades — Thapars, Munjals, Jindals, to name a few. Many of them had family members at the executive positions. Some managed the separation seamlessly like the TVS group and RPG group, while many other splits — like Ambanis' and Kirloskars' — happened after bitter fight among the family members.
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Family business groups have many obvious and proven advantages, but splits still happen.

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