Today 65 percent of the top companies on the National Stock Exchange [of India] are family-owned businesses. We need to think about their governance. These companies are becoming so big that if the family gets estranged, it could impact the national business environment.
– GM Rao, GMR Group

Source: Upgrading India’s energy and transportation networks: An interview with a leading infrastructure , Interview with GM Rao by Gautam Kumra, McKinsey Quarterly

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