The Inheritors is a behind-the-scene look at the business families that own and control some of the most prominent and big Indian business houses. The stories of each business and its owner focus on the culture, family politics, business rivalries and ego battles within each family. Overall, The Inheritors is a celebration of the entrepreneurial spirit of the Family Business Owners. The Foreword for the book has been written by Mr. Anand Mahindra.
The nine business people in the book are Amit Burman (Dabur); Harsh Mariwala (Marico); Kuldip & Gurbachan Singh Dhingra (Berger Paints); Motilal Oswal & Raamdeo Agrawal (MOFSL); Rishabh and Saloni Shroff (Cyril Amarchand Mangaldas), Tara Singh Vachani (Antara and Max India); Agastya Dalmia (Keventers); Pooja Jain (Luxor Group); Arjun Sharma (Select Group)
Family Businesses are the unsung heroes of the Indian economy.
We know that they are all around us but we haven’t really acknowledged their contribution to the economy. It is not because we don’t want to; rather it is because we are not aware of the quantum of their contribution.
Data shows that approximately 90 percent of world commerce is in the hands of Family Owned Businesses. Family businesses contribute between 60 to 90 percent of the GDP in their respective economies, are the largest employers outside of the government and deliver better profitability, consistently, when compared to their non-family-owned counterparts.
There is usually a set of qualities and characteristics that are associated with any hero. Such is the case with Family Businesses. Each Family Business has its own set of hero-ic characteristics that makes it unique. However, there is one characteristic that runs through all successful family businesses and that is the spirit of entrepreneurship.
The Oxford dictionary describes entrepreneurship as ‘The activity of setting up a business or businesses, taking on financial risks in the hope of profit’. However, as I sat and listened to the protagonists of The Inheritors tell their stories, I realised that the dictionary meaning was uni-dimensional and somewhat dry. It fails to capture the grit and determination, the ambition and passion, and the focus on getting things done.
‘Bhasin has deftly used her past expertise in creating an editorial platform dedicated to family-owned businesses. Her writing style isn’t facile or superficial but true to complexities of family politics across successive generations.’
— Hindustan Times
‘This is a must-read book for every aspiring entrepreneur and there is a lot to learn from these pages. It is like a lesson in business management told through interviews and anecdotes. A well-compiled book!’
— New Asian Writing
‘The author has brought alive those stories with her powerful writing style. It is descriptive and interesting. The whole narrative runs smoothly in front of our eyes as they roll on the flowing words. The coherence keeps the reader engaged.’
— Bookish Fame
‘The book (The Inheritors) is an easy read and the narrative is interesting for the most part, and would engage the layperson as well. The interviews are detailed, insightful and reveal many unknown aspects of the family, the business, successes, failures and strategies. It is easy to feel that the protagonists are sharing their fears and their deepest, heartfelt emotions with readers.’
— Business Standard