Family Business Growth Report
According to a new report by Deloitte, the annual revenue of more than half of the family-owned businesses in India is between ₹9,000 crore to ₹2,70,000 crore. Of these, 36 percent companies fall in the range of $1-5 billion (₹9,000 crore to ₹45,000 crore). According to the report, these firms are witnessing strong growth momentum, which is driven by continuity of leadership, adoption of technology and confidence in the domestic and international markets.
Management in family hands
The report also revealed that 96 percent of Indian family businesses are still run by family members. At the same time, more than half the companies are listed and are moving towards professionalization. About 51 percent of the companies are second-generation firms, which keep succession planning and leadership transition as their core strategy.
Increasing use of AI and technology
According to a Deloitte report, now about 53 percent of Indian family businesses are using AI and digital tools. This helps in making their business operations more effective and faster. By adopting technology, companies are improving their products, marketing and customer experience.
Capital and global opportunities for growth
KR Sekar, Partner and Leader – Deloitte Private India, says the growth of India’s family businesses is no coincidence. This is happening due to better access to capital, generational shifts, establishment of family offices and strengthening of public markets. Apart from this, technology and inclusive development are also pushing these firms forward rapidly.
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Global Perspective and Future
Family-owned businesses around the world continue to show strong growth. The number of companies that earn at least $100 million in annual revenue is expected to grow 22 percent by 2030. Indian companies are special in this regard, with 63 percent reporting double-digit revenue growth in 2024 and 75 percent of firms targeting more than 15 percent growth in 2025–26.
The report clearly shows that Indian family businesses are changing rapidly. Despite being under family control, these companies are continuously expanding their businesses through professionalization, adoption of technology and taking advantage of global opportunities.