From Jio to TVS, generational change sweeps through India Inc's boardrooms

From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition

A generational change is sweeping through the boardrooms of India Inc as the older business leaders make way for their successors. Apart from Reliance Jio Infocomm, which announced on Tuesday that 30-year-old Akash Ambani will be its chairman, new leaders are taking over the reins at several other groups, including Godrej, Emami, and TVS.

Experts say clear succession planning is vital from the point of view of corporate governance and clarity about the organisation’s future. 

“Family-owned businesses in India have come a long way as far as succession planning is concerned. If earlier the process was not clearly defined and