The day began at the Sahara Star hotel with three parallel workshops:
Mr. Amit Rathi, the Managing Director of Amit Rathi Financial Services, led a workshop on “Inheritance and Will”
Dr. Kamal Sharma, Vice Chairman of Lupin Ltd. and Executive-in-Residence, SPJIMR, led a workshop on “Innovations in Family Managed Businesses”
Mr. Dinesh Tewari, Managing Partner, Broad Peak Capital Advisors LLP, led a workshop on “PE and Fund Raising in FMBs”.
FMB alumni later heard Exploring Opportunities in Europe by Mr. Girish Bhagat, Vice Chairman, India Nivesh Financial Advisors Pvt. Ltd.
Prof. Atul Sethi, Head - Centre for FMB, during the event
Dr. Tulsi Jayakumar, Programme Head - FMB, at the event
The lunch was followed by a high level panel discussion:
A high level panel discussion on ‘Making FMBs Future Ready’ saw active participation from alumni. In the panel were Mr. P.M. Kumar, Business Chairman and Board Member, GMR Group; Mr. R. Gopalakishnan, Executive-In-Residence, SPJIMR and former Director of Tata Sons Ltd; Mr. Shantanu Bhadkamkar, President, Maharashtra Chamber of Commerce and Dr. Kamal Sharma, Executive-In-Residence, SPJIMR, and Vice Chairman, Lupin Ltd.
Mr. Bhadkamkar spoke of the need for succession planning but said induction was a lot harder than succession.
Dr. Sharma asked FMBs to retain and sharpen their bias for action, the spirit of entrepreneurship, a high bar for capital expenditure, people loyalty and low debt and add to it a definition of purpose, transparency and autonomy.
Mr. Gopalakrishnan spoke about SPJIMR creating FMB catalysts that could help families navigate the changing business environment.
(L-R) Dr. Kamal Sharma, Mr. R. Gopalakrishnan, Mr. P. Kumar, Mr. Shantanu Bhadkamkar
Mr. Kumar spoke of the need for humility, the need for an 'ethical will' and an appreciation of relationships. "Relationships and network is equal to net worth," he said.