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How family-run businesses are evolving amid innovation and the startup invasion

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"Since majority equity is not owned by founders but investors, startups are widely held from a much earlier stage in their evolution when compared with the more traditional owner-managed businesses. I compare today's startups to ITC and L&T rather than a Tata, Reliance or Jindal in ownership structure,"

Vishesh C Chandiok
National Managing Partner, Grant Thornton India LLP

This article appeared in Economic Times on 12th December, 2017.