Hi @Surender , I think every small business is reflection of owners-promoters. In this case it seems that Mr. Modi is the only driving force. Mrs Modi seems to be CFO more because of being a wife of Mr. Modi.
But having said that, for me that was – succession and continuity of business was one of a big risk that whether their next generation would be interested in the business or not. I think the age of Mr. Modi is more than 65.
In my perspective, it reduces a risk (what if something happens to Mr. Modi) for me as investor when his son in law joined business as marketing head/director. Also his son in law seems to be the experienced person suited for the job.
The only thing bothering me is while marketing is a critical and core operation for any business, why they want to delegate that function to their wholly owned newly formed subsidiary? Why to add complexity of structure and bother managing compliances for 2 firms ? Why not to give required push to marketing within the parent firm ?
Thanks,
Pankit
| Subscribe To Our Free Newsletter |
