Great Lakes, Chennai along with AIWMI host South India Family Business Summit 2019

NEW DELHI, JUNE 26: Great Lakes Institute of Management, Chennai along with the Association of International Wealth Management in India (AIWMI) organized the first ever South India Family Business Summit 2019 (SIFBS19) in Chennai recently.

Family businesses are the lifeblood of India’s economy, employing a significant portion of the workforce and contributing billions to the country’s GDP. To nurture the constant market changes and to address the changing concerns and educational needs, Great Lakes, Chennai along with AIWMI hosted a two-day summit that offered a platform for family business owners to discuss pressing issues they currently face.

The two-day conference witnessed the industry’s most influential and celebrated leaders from top family business groups including Shri. N. Srinivasan, MD – The India Cements & Owner – Chennai Super Kings, A Vellayan, Chairman Emeritus, Murugappa Group, Kandasamy and Pushpa Kandasamy from Kavithalaya Productions, Latha Pandiarajan from Ma Foi Consultants Pvt Ltd, Nagaraj Mylandla, Founder & Managing Director – FSS and the likes.

Welcoming the gathering and setting the tone for the conference, Dr. Bala V Balachandran, Founder, Dean & Chairman, Great Lakes Institute of Management, said “With increasing competition and technological progress, it is important for family businesses to train their next generation with relevant trends and market practices. They lack when it comes to preserving values and mission set by the founders. This is exactly why we at Great Lakes Institute of Management, Chennai conceptualized and implemented an 11 month exclusive MBA program in family business enterprises, all set to commence from August 2019. With our mission to serve 'Global Mindset, Indian Roots', we signed an MoU with Babson College, USA to make this program more unique and best in the country. I am sure this conference will act as a curtain raiser to identify the areas that need to be concreted with the right educational skills”.

Apart from a panel discussion on 'Women in Family Business' , the conference also witnessed Gen Next – a panel discussion by Rishabh Shroff, Co-Head & Partner, Cyril Amarchand Mangaldas, Mihir Shah, Group CEO, N Gopaldaas Gems and Jewellery, Vigneshwaran Asokan, Co-Founder, Smartories Technologies, and moderated by Aditya Gadge, Founder- AIWMI. The speakers discussed on encouraging children at a very young age by elders in the family inspires and motivates to join a business in the future.

Aditya Gadge, Founder & CEO, AIWMI, added, “We are delighted to be here and host a conference for the family business community for the first time in South India along with Great Lakes, Chennai. This gathering aims to offer a building opportunity for the participants and guests to network, discuss and regroup to plan their future.”

South India Family Business Summit witnessed over 60+ participations belonging to various business groups across the country who thoroughly enjoyed being part of the summit. They were happy to share their own experience and take away inputs from expertise met during the two-day conference.