50% of Indian family businesses report revenues between $1-30 billion annually: Deloitte
New Delhi [India]December 14 (ANI): Almost half of Indian family businesses report annual revenues ranging between $1 billion and $30 billion, while 36 per cent report annual revenues in the range of $1-5 billion, according to Deloitte’s latest report.
Deloitte Private’s Family Business Insights Series: Defining the family business landscape 2025 reveals that family businesses are evolving to support long-term growth.
The report surveyed 1,587 family businesses in 36 countries, including 50 in India, and conducted in-depth interviews with 30 senior executives.
Observing the trends, KR Sekar, Partner and Leader, Deloitte Private, Deloitte India, said: “The growth of family businesses in India is no coincidence. This growth is driven by multiple interconnected factors such as greater access to capital, generational shifts, formation of family offices and the robustness of India’s public markets, as well as leading transformation through technology and inclusion.”
According to the report, family businesses around the world are on a strong growth path, with the number of businesses generating at least US$100 million in revenue expected to grow 22 percent by 2030.
Family businesses in India show extraordinary resilience and optimism; More than 63 percent experience double-digit income growth in 2024. Projections for 2025-2026 are equally solid; 75 percent of Indian family businesses target growth rates above 15 percent.
As part of their strategic expansion plans, more than half (53 per cent) of Indian family businesses are already leveraging artificial intelligence (AI) in their operations, well above the global average, the report said.
Adoption of AI, along with entry into new markets and product portfolios, is enabling Indian family businesses to remain competitive in the face of economic uncertainty and rising input costs.
The report also highlights the increasing focus on sustainability and governance reforms; 76 percent of Indian family businesses express strong commitment to Environmental, Social and Governance (ESG) priorities.
These businesses are not only modernizing their operations, but also embracing inclusive leadership; 73 percent report having more than 10 percent women represented on their boards.
However, Deloitte underlines that gender equality at the leadership level remains an issue, with women holding 41-50 percent of board seats or senior positions in only 4 percent of businesses.
The report went further to add that Indian family businesses have also shown confidence in regional and global markets.
89 percent of businesses plan to expand in the Asia Pacific region; 39 percent target North America and 37 percent target Europe. (MOMENT)
