Viraasat 2026: Sustaining Family Business Legacies

Viraasat 2026, a conference at SPJIMR in Mumbai, highlighted the role of family businesses in India's economy. Speakers discussed the challenges of generational succession, the importance of trust, and adapting to global trends. The event emphasized the enduring nature of family enterprises as community-centric institutions beyond mere economic entities.

The conference Viraasat 2026 at the Taj Santacruz in Mumbai gathered leaders from the family business realm to explore what keeps family enterprises thriving through generations. Hosted by SPJIMR's Centre for Family Business & Entrepreneurship, discussions centered on trust, values, governance, and adapting to global disruptions in AI and geopolitics.

Nyrika Holkar, Executive Director at Godrej Enterprises, emphasized legacy and stewardship in her address, stressing the responsibility of the next generation to uphold family values. Similarly, Savjibhai Dholakia, dubbed the 'Diamond King of India,' highlighted generosity and family foundations as cornerstones of successful enterprises.

The event included sessions on AI's role in business, women's growing influence, and navigating IPO opportunities. These conversations underscored family businesses' critical role in India's future, as emphasized by SPJIMR Dean Prof. Varun Nagaraj, who remarked on the balancing act required between innovation and responsible leadership.

(With inputs from agencies.)