India tops Asia on family businesses: CS
- In Mumbai, new warship system malfunctions, Navy officer killed
- SC calls Sahara proposal an âinsultâ, Subrata Roy to stay in jail till March 11
- I'm not a terrorist, Modi should have met me: Arvind Kejriwal
- Modi to hold 'Chai Pe Charcha' on women empowerment on Saturday
- Will not campaign for any candidate, says Anna Hazare
India has the highest percentage share of family businesses in Asia, accounting for 67 percent of total listed companies with market capitalisation of more than $50 million, Credit Suisse said in a research report on Thursday.
The report said 663 out of 983 listed Indian firms were family businesses and they account for half of all corporate hirings. Family businesses in India account for 46.8 percent of the total market capitalisation, it said.
Indian energy major the Mukesh Ambani-led Reliance Industries, top IT exporter Ratan Tata-led Tata Consultancy Services (TCS), mobile operator Sunil Mittal-led Bharti Airtel and No.3 software exporter Azim Premji-led Wipro are among the top 20 firms in the Credit Suisse Asian Family Business Basket, the report showed.
The report said Asian family businesses benefit from the long-term and more stable investment strategy of their owners and their performance was supported by family values that view businesses as an inheritance.
Many Asian family businesses are first-generation firms, in contrast with many family businesses in Europe and the U.S., which are already in their fourth or even fifth generation, the report said.
Indian family businesses offer highest returns in Asia
India leads the list of the Asian countries where family businesses have delivered higher returns in the past decade among the 10 leading economies, says a report by Swiss lender Credit Suisse.
According to the report, family businesses have given a staggering 261 per cent cumulative return in the past 10 years to the Asian economies, outperforming local benchmarks in seven out of the 10 markets studied in the continent.
"India has the highest percentage of family businesses in Asia with as many as 67 per cent the highest in 10 Asian countries that were surveyed," says the Asian Family Businesses report released by Credit Suisse here today.
- Chai pe Charcha gets police protection, EC officials to check on poll norm violation
- Complaint against Kejriwal: Kutch cops gather evidence
- AAP chief to hold first public meeting in Gujarat today
- Nominations for North Bangalore primary begin
- ‘Our campaigning in the state will be out of the box’
- ‘Aai Retire Hotey’ to take the stage for 100th time today