India, which has the third-highest number of publicly listed family businesses after China and the US, will see a generational shift in leadership at .
Succession planning is still evolving in Indian companies, with some patriarchs opting not to announce a successor due to doubts about the most suitable candidate or a belief in a natural succession process. Various trends are at play, including the appointment of family members to the board, selling businesses, creating family trusts, and dividing businesses among legal heirs.
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The low-profile billionaire commands massive wealth but chose not to be involved with the famous business conglomerate which is the source of his fortune