Globsyn to launch India's first institute of family biz

Chiristened as Asian Institute of Family Business(AIFB), the institution will seek to impart education on how to successfully run a family business, Globsyn group chairman Vikram Dasgutpa said.

For over a century, family-run business empires have held sway in India, so much so that Indian business families presently control 18 of the 30 firms on the benchmark BSE index and a significant component of Indias GDP is generated by family business, Dasgupta pointed out. Stating that the group is in talks with the Gujarat government for a joint venture initiative for a finishing school at Ahmedabad, he said that the group, in order to bring in the global research and latest findings in the area of family business and entrepreneurship, has forged alliances with Family Business Institute, North Carolina, US, The Lyles Centre for Entrepreneurship and Innovation, California, US, Institute of Applied Entrepreneurship, Coventry University, Coventry, UK and the Family Firm Institute, Firm Institute, Boston, USA. By November end, two programmes Succession Planning and Corporate Governance and ethics will be offered, the Globsyn CEO said.