Over the years, India has witnessed the rise of many
prominent family empires. A family business generally
starts with a small business being set up by a member,
which is expanded into diversified business operations
and the legacy of which passes through several
generations ahead. Many families start their businesses
with sole proprietorship, and the journey of many such
family businesses is taken forward to a multinational
brand parked in various legal entities. Such entities are
operated and managed by different members of the
family.
