Family-owned businesses are the heart and soul of the Indian economy and by nature, also more challenging than their corporate counterparts. With the next generation joining the leadership board, these businesses are exploring new territories, new sectors and are also considering inorganic growth. When actions are strategically planned, family businesses are destined to succeed for generations.
At PwC, we recognise the value of the legacy businesses. Our Next Gen Symposium is an interactive platform designed for the new business leaders to interact with leading industry experts and like-minded family business peer group members to benefit from shared insights on their path to leadership. It also helps provide actionable insight necessary to plan for a smooth transition and upgradation of family-owned enterprises.
An accomplished business leader and a second-generation entrepreneur, Mr Sajjan Jindal had the foresight to lead the Indian steel industry and JSW, in particular, on a transformational journey, contributing significantly to India’s growth story.
A mechanical engineer by training, Mr Jindal led the JSW Group through some of its most exciting phases, including JSW Steel and JSW Energy going public in 1995 and 2009-10, respectively. Today, the Group takes pride in expanding the business landscape across infrastructure, sports and cement, with the Group’s revenues at USD 8 billion for the year ended 31 March 2016.
Mr. Jindal has been awarded at global platforms for his contribution and commendable work. He was awarded the “2014 National Metallurgist Award: Industry” instituted by the Ministry of Steel, Government of India. Mr Jindal is a noted member of the Executive Committee of the World Steel Association (WSA), President of Indian Steel Association (ISA) as well as the former President of the Institute of Steel Development & Growth (INSDAG). He is also a Council member of the Indian Institute of Metals.
His keenness to give back to the society, led to the existence of the JSW Foundation, which is committed to bridge the socio-economic divide and create a more equitable and sustainable community of over 1 million people.
Parth Jindal holds a Master’s Degree in Business Administration from Harvard Business School preceded by a Bachelor’s Degree in Economics and Political Science from Brown University. He joined the JSW Group in 2012 as an economic analyst and has held multiple responsibilities across the Group. He is currently spearheading JSW Cement’s rapid growth so as to emerge as a key player in the sector by 2020.
In 2013, Parth initiated a study on the Indian market for steel that eventually resulted in JSW Steel adopting a new retail strategy for higher penetration and realisation bringing significant improvement in the bottom-line of the company. He also plays a key role in the Human Resources, Legal, Commercial and Corporate Communications functions of the Group. Before joining the JSW Group, Parth has worked as an Economic Analyst with JFE Steel in Tokyo — Japan’s second-largest and the world’s eighth-largest integrated steel manufacturing company.
In addition to his responsibilities at the JSW Group, Parth Jindal is also the Managing Director of Bengaluru FC, India’s youngest professional football club launched by the JSW Group.
Menaka Doshi has been a broadcast journalist with close to two decades of experience, having begun her career with TV18 in 1996 as Features Reporter on India Business Report (BBC). Thereafter she moved to reporting business news for CNBC-TV18. Menaka played an integral role in news programming and is now Corporate Editor.
In the past she has covered many corporate beats including cement, oil & gas, petrochemicals, energy and telecommunications as well as many corporate houses. She has also anchored and produced Young Turks, a show that profiles young achievers and Realty Check, a show that captured all the real estate action in the country. She has co-anchored CNBC-TV18`s primetime evening news show India Business Hour.
Menaka was the first recipient of the Ramnath Goenka Excellence in Journalism Award 2005-06 in the category of Business & Economic Journalism (Broadcast).
Dr. Ajit Ranade is Senior President and Chief Economist with the Mumbai headquartered Aditya Birla Group, which has operations in over 36 countries with businesses across sectors like metals, mining, chemicals, textiles, cement, telecom, retail, insurance and asset management. Dr. Ranade was earlier with ABN Amro Bank. He was a member of the Capital Account Convertibility Committee and the FEMA Review committee of the Reserve Bank of India. He was a member of the Governing Council of the Banking Codes and Supervisory Board of India. He is a Member of the National Executive Committee of the Federation of Indian Chambers of Commerce and Industry and a Member of the Economic Policy Council of the Confederation of Indian Industry. He is Chair of the Research Advisory Panel of the Indian Institute of Banking and Finance. He has served as a member of the Board of Governors of IIT, Bombay. He is an engineer and MBA and received a PhD in Economics from Brown University, USA. He received the Distinguished Alumnus Award from IIT Bombay in 2009, Scholar of the Year Award from Wadia Trust in 2010, and Ramchandra Parnerkar Economics Award in 2012. Dr Ranade regularly writes in newspapers on economic, social and political topics. He is a co-founder and Trustee of the Association for Democratic Reforms, an NGO working in area of electoral and political reforms.
Next Gen Symposium’s launch edition in Mumbai witnessed participation from over 50 Next Gen leaders over an engaging evening.
Eminent business leaders like Sanjiv Bajaj of Bajaj Finserv shared his experience of managing the strategic and challenging times at Bajaj Group. This was followed by an interesting panel discussion on ‘Business disruption and promoters response’ featuring renowned leaders like Ronnie Screwvala, Anant Goenka, Ashok Wadhwa and Saugata Gupta.