Legacy and Innovation: The Resilience of Indian Family Businesses

RP Sanjiv Goenka Group Vice-Chairman Shashwat Goenka emphasizes the importance of allowing each generation to innovate and create their own legacies in Indian family businesses. Speaking at ABP Network's Ideas of India 2025 summit, he stressed balancing work-life and productivity over extended hours.

Shashwat Goenka, Vice-Chairman of the RP Sanjiv Goenka Group, highlighted the enduring success of Indian family businesses due to generational freedom and innovation during his speech at the ABP Network's Ideas of India 2025 summit.

Addressing the audience, Goenka shared insights into the unique dynamics of family-run businesses, contrasting them with recent corporate trends. He emphasized that while growing existing legacies is vital, creating new ones is equally important for sustained growth.

Goenka also touched on the work-life balance debate, ignited by recent comments from Larsen & Toubro's chairman, by suggesting that productivity should be valued over merely extending work hours.