Indian Family Biz Booms: AI Fuels Global Expansion

Indian family businesses are demonstrating robust financial performance and a forward-looking strategy, according to a recent report. A substantial segment, nearly half, reports annual revenues ranging from USD 1 billion to USD 30 billion, highlighting their considerable economic impact. These enterprises have shown exceptional resilience, with over 63% achieving double-digit revenue growth in the past year and ambitious targets set for the upcoming two years.

The adoption of advanced technologies is a key driver of this success. More than half of Indian family businesses are actively integrating artificial intelligence into their operations, a rate significantly higher than the global average. This strategic embrace of AI, coupled with expansion into new markets and product lines, is crucial for maintaining competitiveness. Furthermore, a strong focus on Environmental, Social, and Governance (ESG) principles is evident, with a large majority committed to sustainability.

Looking ahead, Indian family businesses are confident in their expansion plans, targeting significant growth across regional and international markets, particularly within the Asia Pacific, North America, and Europe. While progress in gender diversity on boards is noted, with increased female representation, achieving full gender parity at leadership levels remains an ongoing objective. The overall outlook points to continued dynamism and global ambition for these enterprises.