"The Board of Directors of the company have approved a capital expenditure programme of Rs 135 crore to be implemented in the current financial year. The capex will be spent in balancing, debottlenecking and modernising facilities at the plants to improve production and productivity", the company said.
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.