New family businesses want pros on the job: Barclays Wealth

Majority of Indian family businesses may be looking to divest their stake to professional managers to run their business.

That's the finding of a survey conducted by Barclays Wealth along with Dun & Bradstreet across 200 high networth individuals (HNIs) with an annual turnover of Rs 200 crore.
The survey also revealed that most of these family run businesses have plans of listing to meet future expansion and diversification goals.
Satya Bansal, the chief executive of Barclays Wealth India said,