50% of Indian family businesses report revenues between $1-30 billion annually: Deloitte

Key Highlights

• Observing the trends, K R Sekar, Partner and Leader - Deloitte Private, Deloitte India, said, "The growth of India's family businesses is no accident.
• It is driven by multiple interlinked factors, including greater access to capital, generational shifts, the formation of family offices and the robustness of India's public markets, along with leading transformation through technology and inclusion." According to the report, family-owned businesses worldwide are on a strong growth trajectory, with the number of businesses generating at least US$100 million in revenue expected to rise by 22 per cent by 2030.
• In India, family businesses are showing exceptional resilience and optimism, with over 63 per cent achieving double-digit revenue growth in 2024.
• Projections for 2025-2026 are equally robust, with 75 per cent of Indian family enterprises targeting growth rates above 15 per cent.
• The report added that as part of their strategic expansion plans, over half of the Indian family businesses (53 per cent) are already leveraging artificial intelligence (AI) in their operations, far exceeding the global average.