'Well-defined succession planning key to avoid disputes in business families'

VISHWAS PANIJAR, partner in business consulting firm Nangia Andersen LLP, who leads the firm's family office business, in an interaction with DIPAK MONDAL of The New Indian Express on the importance of amicable split of Godrej family business.

How significant is the Godrej family split in the context of Indian business history?

Considering the magnitude of the family operations that have been developed over the past century and its influence on Indian business landscape, the split may cause short-term instability in the market.

We have seen that in most cases, the fate of the transition is determined by how well the business, board, and family were prepared.

What factors contributed to the split in the group business?

I would not want to speculate the factors behind the split, however going by the official statements as well as the Family Settlement Agreement, it appears to me that the fundamental reason for the split seems to be that the newer generation have diverse interest and perception of Growth for the Group.