THE INDIAN FAMILIES IN BUSINESS

CONFERENCE

Organised by: In a�liation with:

www.campdenconferences.com/mumbaibusiness

26 & 27 April, 2017Taj Mahal Palace • Mumbai, India Long Term Prosperity: Preparing the

family business for the future

�e 4th annual Indian private conference for family business leaders,

owners and next generation family members

Main Partners:

Professional Partner:

DELOITTEEDELWEISS GLOBAL WEALTH MANAGEMENT

MOTILAL OSWAL ASSET MANAGEMENT

AZB & PARTNERS

Long Term Prosperity: Preparing thefamily business for the future

“Good fortune o�en happens when opportunity meets with preparation” – �omas A. EdisonWorldwide – as in India – family-owned businesses which have survived multiple generations, have grown to become multi-billion dollar corporations, and have continued to make signi�cant contributions to the economy, especially in the last few years. During the tough economic climate, family-businesses have proved that they are more resilient than their professional peers. Currently India ranks among the top �ve Asia Paci�c countries in terms of number of High Net worth Individuals with total individual wealth at $4,365 billion. As their wealth continues to grow, most families are increasingly sensitising and building capabilities in family businesses.

�e 4th annual Indian Families in Business Conference is exclusively designed for ultra-a�uent families regionally and globally, o�ering a compelling combination of private peer-to-peer learning as well as networking activities for senior and next generation members.

�is conference is open exclusively to: • Family principals and family members• Family o�ce executives of single and private multi family o�ces (una�liated with any bank or �nancial

services �rm or corporation)• Ultra-High-Net-Worth private investorsNo press admitted. �is conference provides attendees with an exclusive, discreet and relaxed environment in which to share their experiences and expertise with like-minded peers.

WEDNESDAY, 26 APRIL 2017Building and maintaining a multi-generational Family Business, Embracing Disruption, Future governance of

Family Business

THURSDAY, 27 APRIL 2017Building a culture based business, Re-invention of a Family Business through NXG, Investing with purpose,

Social Involvement of Families

�e Campden Family Connect (CFC) Club Membership, incorporating the Institute for Private Investors (IPI), is the pre-eminent wealth membership club for multi-generational business owning families, families of substantial wealth and their family o�ces and private investors.By joining the CFC Club, you become part of our global community of over 1,400 ultra-high net worth family members and family o�ces from over 30 countries.CFC Club Membership, provides networking opportunities and unrivalled support to families and their next generation through global and regional family wealth events, online communication with members, co-invest-ment workshops, member pro�ling and facilitated introductions, research reports and multigenerational education programmes.To apply or for more information, contact Neha Kaira at neha@campdenfamilyconnect.com orcall +91 22 66940176. Visit www.campdenfamilyconnect.com

Phone: E-mail: neha@campdenfamilyconnect.com Online: www.campdenconferences.com/mumbaibusiness Complete and return the enclosed booking form by either fax/scan or post (see enclosed booking form for details)

+91 22 66940176

www.campdenconferences.com/mumbaibusiness

t h e i n d ia n fa m i l i e s i n bu s i n e s s c o n f e re n c e

❶ HEAR from the best – ultra high-net-worth families and their CIO who will share what they know andhow they’ve dealt with the challenges that come their way.

❷ ENGAGE in interactive group sessions that will help map out the future goals and direction of your ownfamily o�ce and business.

❸ LEARN the latest strategies and successes for gaining strength in a volatile market.❹ GAIN ACCESS to new investment opportunities in both the closed-door sessions and panel discussions.❺ CONNECT with many leading families and key family o�ce executives. Develop an impressive network

of peers.COCKTAIL RECEPTION A popular occasion where you are able to interactwith your peers, will take place on Wednesday 26th April. Spouses, partners, children and all familymembers are invited.

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Profile of conference speakers:

For a complete list of speaker pro�les or to register for the conference, please visit: www.campdenconferences.com/mumbaibusiness

ERIC ALLYN • Former Chairman, Welch Alyn, United StatesMr. Allyn spent most of his career at Welch Allyn, a 101-year old Medical Device manufacturer owned by the Allyn family, employing 2,800 people world-wide. Welch Allyn is ubiquitous in patient care world-wide, with its instruments used in virtually every US hospital and physician o�ce, as well as in nearly every country in the world. Eric worked in a variety of positions, ultimately becoming Chairman of the Board of Directors, and Chairman of the “Voting Trust”. In September 2015, Welch Allyn closed on its sale to Hill-Rom for over $2 billion. Today, primarily he is working with his family to create a comprehensive Family O�ce, migrating from an operating family to a �nancial family. �is includes leading the board of managers, serving on the committee to advise the Trustee overseeing the majority of Welch Allyn sale proceeds, as well as working on a range of “so�” issues with his family. Mr. Allyn also serves on the Board of Directors of GOJO (makers of Purell), Pharma Tech Industries, Eagle Dream Health, Auburn Community Hospital (past-Chairman), Hospital Trustees of NYS (Vice Chairman), FFI, and several private Foundations. He is also founder and managing partner of two private investment funds.

SALIL SINGHAL • Chairman & Managing Director, PI Industries, IndiaMr. Singhal has been associated with Industry since 1965. P.I. Industries Ltd., with headquarters at Udaipur (Rajasthan) is in the business of agrochemicals and Fine Chemicals; the Group employs ~7500 people and does business in 50 countries. Mr. Singhal brings a strong marketing and business development focus to the businesses, making them not only international in outlook but also strong in research and development. Each company in the Group is known to be in the forefront of technology. Mr. Singhal has won numerous accolades in his long entrepreneurial career. He is also associated with various social, cultural and educational organizations. He is chairing the board of several group companies and apart from that he is also on the board of several large listed companies as an independent directors and member of board committees.

SUNIL KANT MUNJAL • Chairman, Hero Corporate Services, IndiaMr. Sunil Kant Munjal is a senior member of the Hero Group and is responsible for developing growth strategy and implementation of new business plans for the Group. He was selected by ‘India Today’ – India’s largest English news-magazine, as one of the “Faces of the Millennium” for business. He is the Joint Managing Director of Hero MotoCorp, the world’s largest motorcycle manufacturing company and Chairman of Hero Corporate Service Private Limited, the Corporate o�ce for the Hero Group. He is also the Managing Director of Hero Steels Limited, a steel processing unit based at Ludhiana. Mr. Munjal was President of Confederation of Indian Industry (CII), India’s premier business association, for the year 2004-05. He is currently a member of Prime Minister’s Council on Trade & Industry that regularly interacts with the Indian Prime Minister on economic issues.

NICCOLO ROSSI DI MONTRELERA • Chairman of the Board, Birks Jewellers, Itlay/CanadaMr. Niccolò Rossi di Montelera has been a Consultant for Gesto� S.A. since August 2009. From 2007 to 2009, Mr. di Montelera served as the Gesto�'s Group Divisional Vice President and responsible for product development, wholesale and e-commerce. From 2005 to 2006, he served as the Gesto�'s Group Director responsible for product development. From 2002 to 2003, he worked at Regaluxe Investments SA and was responsible for the North American business development for Royale de Champagne and from 1999 to 2002, he was a Project Leader for Ferrero Group. He has been the Chairman at Birks Group Inc. since January 1, 2017. He served as Vice Chairman of Birks Group Inc. (formerly, Birks & Mayors Inc) since October 23, 2015 until December 31, 2016. He serves as member of the Supervisory Board of Directors of Montrovest B.V. He has been a Director at Birks Group Inc. since September 2010.

GOPAL SRINIVASAN • Chairman & Managing Director, TVS Capital Funds Ltd, IndiaMr. Srinivasan is a third generation family member of the TVS Group, which is a $4 billion (revenue) family owned automotive business, now in its 100th year of service to its customers, societal stakeholders and shareholders. He is the founder of TVS Capital Funds Ltd, with the vision of supporting and nurturing India’s mid-cap businesses into world-class companies. Over an entrepreneurially oriented career spanning 25 years, Mr. Srinivasan has founded several companies operating in diverse sectors including TVS Capital Funds Ltd and TVS Electronics Ltd, whose boards he chairs. He is also a director in TVS & Sons Ltd, the holding company, and on the board of several group companies.

TATWAMASI DIXIT • Founder & CEO, Ojas Foundation and FABRIC, IndiaMr. Dixit is an adviser and coach specializing in family businesses. He is the founder of FABRIC (Family Business Research International Centre), a boutique consulting company that o�ers family business advisory services and coaching to family business entrepreneurs and next generation leaders. He is internationally recognized for his knowledge and application of the wisdom of the Vedas. He has uniquely mastered the integration of Vedic principles with contemporary psychology and business management. Mr. Dixit was the recipient of the prestigious award from the President of India, Dr. A.P.J. Abdul Kalam, for his work on the Synergy between Modernity and Tradition. He is also the co-author of Indian Family Business Mantras.

Mr. Leach has over 30 years of experience as a business adviser, teacher and facilitator working with family business owners internationally; he is seen as the “founding father” of family business thinking in the UK. He is author of Family Enterprises: �e Essentials, and co-author of Indian Family Business Mantras. Mr. Leach has worked with hundreds of business families around the world, specialising in working with multi-generational family businesses on governance issues. Mr. Leach holds the position of Adjunct Professor in Family Business at Imperial College London and is currently a Partner at Deloitte LLP, where he leads the Family Enterprise Consulting practice, he is also chairman of the Advisory Board of the UK Institute for Family Business, and is a Fellow of the Family Firm Institute of the of the USA, the international body for family business advisers, where he was awarded Richard Beckhard Award in 2011.

Conference chairman:PETER LEACH • Partner, Deloitte, UK

Professor Sougata Ray is a Professor of Strategic Management at the Indian Institute of Management, Calcutta. Professor Ray’s research interests include the in�uence of policy induced changes in institutional environment on the strategic behaviour of emerging economy �rms. Professor Ray received his undergraduate degree in Mechanical Engineering from Bengal Engineering and Science University and his PH.D from the Indian Institute of Management, Ahmedabad. His research has been published in a variety of journals, books and book chapters. Professor Ray also serves as a consultant to a number of medium- sized companies and business groups on strategic and organisational issues. He has also advised national and state governments on attracting investments, forming industry clusters and improving the competitiveness of local industry.

SOUGATA RAY • Professor, Indian Institute of Management (IIM) Calcutta, India

Wednesday 26th April 2017

Registration and Refreshments

Chairman’s Opening Remarks and IntroductionsPeter Leach • Partner, Deloitte, UK

KEYNOTE: NXG Vision - Looking Beyond a Legacy Family Business�e Rossi di Montelera family have been associated with Martini & Rossi for over 137 years. �e family sold the business to Bacardi in 1994. �is case study will focus on the development of Birks Jewellers, one of the businesses within the Family O�ce portfolio. Birks Group founded in 1879, is one of North America's most prestigious and trusted jewellers, with revenues of over $200m per annum, and in 1993 Dr. Lorenzo Rossi di Montelera and his family took majority control. Now NXG member, Niccolo Rossi di Montelera, Chairman of the Board, is looking to develop the brand into a global force. Niccolo, as a NXG family member, will share key insights into the development of a new active business and his vision for the next generation and beyond. Niccolo Rossi di Montelera • Chairman of the Board, Birks Jewellers, Italy/Canada

PANEL: LONGETIVITY OF FAMILY BUSINESSPresented by: Edelweiss

Morning Networking and Refreshments

PANEL: SECRET OF SUCCESSION PLANNING Succession in family business is an emotional and sensitive process, which requires a careful balance between business and personal concerns. But without a succession plan, families businesses su�er. �is session will explain how good family governance can help to make these generational changes successful. Urvi Piramal • Chairperson, Ashok Piramal Group, India Salil Singhal • Chairman & Managing Director, PI Industries, IndiaSunil Kant Munjal • Chairman, Hero Corporate Service, IndiaNishith Desai • Partner, Nishith Desai & Associates, India Moderator: Tatwamasi Dixit • Founder & CEO, Ojas Foundation and FABRIC, India

PANEL: EQUITY INVESTMENTSPresented by: Motilal Oswal

Networking Lunch

PANEL: A ROAD MAP FOR THE FUTURE GOVERNANCE OF A FAMILY BUSINESS –CHAL-LENGES AND PLANNING Family Firms are increasingly dominating global businesses today and to ensure longevity, they must phase their many challenges through long-term planning. Constant challenges in the form of market conditions, government policy and regulation, innovation, digital disruption, technological changes, talent management, competition and professionalization are faced by Family Businesses in India. It is essential for them to therefore, plan for the long term by mapping the future and creating e�ective strategies to ensure ongoing success. �is session will look at how families are planning to ensure long term success, strategies for e�ective management of challenges faced and their vision for the future. Sajjan Jindal • Managing Director, JSW, India (Tbc)Samina Vaziralli • Executive Vice – Chairman, Cipla, IndiaJimmy J Parakh • Ex -Advisor, Shapoorji Pallonji Group, IndiaModerator: Sougata Ray • Professor, Indian Institute of Management (IIM) Calcutta, India PANEL: RE-INVENTION OR BRANCHING OUT OF A FAMILY BUSINESS THROUGH THE NXG�e NXG can help family businesses remain current. Whether it is o�-shore education or their ability to understand and adopt fast moving trends, the NXG might hold the key to longevity. On this panel, we will hear from some the rising NXG stars of today and listen to what they have brought into their family businesses or how they have established themselves in something very di�erent from their Family’s business.Devita Saraf • CEO, VU Technologies, IndiaRadha Kapoor • Director, ISDI, India Aditya Burman • Director, Oncquest Laboratories, India

A�ernoon Networking and Refreshments PANEL: DEVELOPING STEWARDS OF WEALTH IN FAMILY BUSINESSESWhile implementing the right wealth transition structure and governance system helps families manage the complexity of wealth transfer, it remains incomplete without role clarity and development of competencies with in the family members to manage the same on a long term basis. �is requires lifelong learning for potential heirs and stewards of this wealth through planned education, training and practice to bolster family wealth continuity instead of undermining it. Are Indian Family business principals training their next generation of stewards and developing them as human capital in family wealth transition planning? Vinay Mahendru • Executive Director, Eon Electric, IndiaVijay Mansukhani • Co-promoter, Mirc Electronics, IndiaModerator: Aditi Kothari • Kothari Family O�ce, India Chairman’s Closing Remarks for Day One

COCKTAIL RECEPTIONAll conference participants are warmly invited to join us for a networking cocktail reception.

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t h e i n d ia n fa m i l i e s i n bu s i n e s s c o n f e re n c e

CONFERENCE PROGRAMMEPETER LEACHSOUGATA RAY

t h e i n d ia n fa m i l i e s i n bu s i n e s s c o n f e re n c e

�ursday 27th April 2017

Registration and Refreshments

Chairman’s Opening Remarks for Day TwoSougata Ray • Professor, Indian Institute of Management (IIM) Calcutta, India

KEYNOTE: EXITING A FAMILY BUSINESS – PROCESS, REASONS AND CONSEQUENCES�e sales of a Family Business are not always a preferred option or one that does not have consequences. Mr. Eric Allyn spent most of his career at Welch Allyn, a 100-year old medical device manufacturer owned by the Allyn family, employing 2,800 people world-wide. Welch Allyn is ubiquitous in patient care worldwide, with its instruments used in every US hospital and physician o�ce, as well as every country in the world. In September 2015, Welch Allyn closed on its sale to Hill-Rom for over $2 billion. Today, Eric is working with 58 members of his family to create a comprehensive family o�ce. �is case study will explore the reason behind and the sale of the business and how that has a�ected the family to day. Eric Allyn • Former Chairman, Welch Allyn

KEYNOTE ADDRESSGopal Srinivasan • Chairman, TVS Capital Funds, India Morning Networking and Refreshments PANEL: AN INTERGENERATIONAL PARTNERSHIP – GMR FAMILYG Kiran Kumar, Managing Director, GMR Infrastructure, IndiaModerator: Peter Leach • Partner, Deloitte, UK

INHERITANCE TAXATIONDeloitte, India

Networking Lunch

INVESTING WITH PURPOSE – THE SUSTAINABLE AND SOCIAL INVOLVEMENT OF FAMILIES IN BUSINESS A large number of Indian Family Businesses are beginning to commit to sustainability, the environment and the communities they operate in. Sustainability can be a great driver for performance, bringing tangible and intangible bene�ts to the business as well as helping mitigate risk, leverage opportunities and build a competitive advantage. �is session will discuss what sustainable and social involvement really mean and how family businesses can bene�t from developing and implementing a sustainability plan.Dr. Huzaifa Khorakiwala • Trustee & CEO, Wockhardt Foundation, IndiaZarina Screwvala • Founder Trustee, Swades Foundation, India Moderator: PM Kumar • Chairman, GMR Social Initiative, India

PANEL: STRUCTURING PRIVATE FAMILY TRUSTPresented by: AZB & Partners, India

EXCLUSIVE CLOSED-DOOR ROUNDTABLES DISCUSSION

Chairman’s Closing Remarks

A�ernoon Networking and Refreshments

Close of Conference

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CONFERENCE PROGRAMMEPETER LEACHSOUGATA RAY

In a�liation with:Organised by:

t h e i n d ia n fa m i l i e s i n bu s i n e s s c o n f e re n c e

FEEDBACK FROM PREVIOUS CONFERENCES

“My family and I attended The Indian Families in Business Conference and we intend to make it the destination of our annual trip/family meeting for the years to come.”

CEO, Family Business, India

“Excellent organisation, great atmosphere and impressive speakers.”Chairman, Family Business, India

“I enjoyed enormously spending two days surrounded by like-minded family business owners.”

Owner, Family Business, UK

“The conference was very high quality and exceeded my expectations. Beyond the quality of the core presentations the co-chairs and participating families presented themselves

warmly and with authenticity and integrity.”Family Member, Family Business, USA

“Excellent conference and very inspirational.”Next Gen Family Member, Family Business, India

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