SPJIMR’s FMB: A grand celebration to mark 20 years

Workshops and Panel Discussion
FMB Awards
About Genesis

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.

Outstanding FMB that Managed Professionalisation
Bharat Wire Ropes Ltd
Mayank Mittal, Jt Managing Director.

Outstanding FMB that Managed Globalisation
Safex Fire Services Limited
Tejas Shah, CEO.

Outstanding Company in Innovation
Tecknotrove Systems Pvt Ltd
Shantanu Gupta – Managing Director.

Outstanding FMB with Significant Social Contribution
Saroj Screens Pvt Ltd
Akshaye Rathi.

Outstanding FMB with Successful Woman Entrepreneurs
'Care4Wear', a retail brand of Manju Cleaners
Monika Alok Maheshwari.

Outstanding Marketing by FMB
Jain Group
Rishi Jain.

Outstanding New Venture
Hartek Group
Simarpreet H Singh.

Outstanding FMB that Managed Multiple Generations
Kandoi Bhogilal Mulchand
Harsh Kandoi.

Special Recognition by Jury
Cheer Sagar
Arnav Poddar, Director.

Also:

Outstanding Operations Approach used by FMB
Equinox Labs
Priyanka Bhadri.

Outstanding People Management Approach by FMB
PM Relocations Pvt Ltd
Aakanksha Bhargava, CEO.

SPJIMR’s FMB has a history of 20 years, has seen over 25 batches and boasts of over 3,500 alumni spread across 259 cities with networks in many corners of the globe. The power of this vast network and a sense of bonding with the programme and with SPJIMR as the Institute that has nurtured it were on display through the day-long celebrations.

The series of events through the day on Saturday February 25, 2017 were put together under the title ‘Genesis’, the name indicating how the celebrations tapped into the very roots of an innovative programme that has grown to become a premier offering for FMBs.

Said SPJIMR Dean Dr. Ranjan Banerjee, who was at the event throughout the day and led a post lunch workshop for the alumni on Design Thinking: “Our role is to help FMBs succeed…The kind of energy and engagement that we see in the group suggests that by coming together in an even bigger way, we can create positive outcomes for FMBs, for the economy and for the country. I think the potential of this is large. There is an emotional connect that needs to be built on.”

Added Prof. Atul Sethi, Head of SPJIMR’s Centre for FMB, “The FMB awards and the FMB day is an attempt to harness the collective power of FMBs in India. The opportunity this decade presents is something that the family businesses in India are well poised to seize. We want to leverage the collective strength of over 3500 family businesses who have been part of SPJIMR’s Centre for Family Managed Business to enable FMBs grow faster.”

"It was an absolutely amazing discussion where we saw a combined experience of about a century if not more telling us how the family managed businesses should become future ready," said Dr. Tulsi Jayakumar, Programme Head of SPJIMR's FMB.

Dr. Mita Dixit, Head Consultancy & Research, Centre for FMB, later spoke of the expanding role of the Centre for FMB.

P M Kumar, Business Chairman and Board Member of the GMR Group, said : “This is a great institutional event that brought the entire FMB community of SPJIMR – past, present and perhaps future – together. I think such a consolidating, renewing, regenerating event was very necessary and fundamental.”