UditVani, Jamshedpur : The Confederation of Indian Industry (CII) , Jharkhand organized an impactful session on “Securing Family Legacy” at The Alcor Hotel in Bistupur on Friday evening.
The event centered around the theme “Strategic Wealth Preservation & Succession Planning” and brought together thought leaders and industry experts to deliberate on key aspects of sustaining family-run businesses across generations.
The session offered critical insights into maintaining financial sustainability, ensuring business continuity, and facilitating smooth leadership transitions in the face of evolving economic and familial dynamics.
Delivering the keynote address, Suvendra Behera, Immediate Past Chairman, CII Eastern Region & Vice Chairman & Managing Director, RSB Transmissions (I) Ltd., underscored the central role that family businesses play in not only driving economies but also preserving cultural identity and regional pride.
He reflected on Jharkhand’s industrial ecosystem, which has long been shaped by family-owned enterprises, particularly in the manufacturing and core sectors.
Behera also stressed the importance of blending traditional values with progressive strategies to ensure long-term relevance.
Diloo Parikh, Vice Chairman, CII Jharkhand State Council & Director, Vaidehi Motors Pvt. Ltd., highlighted the need for resilience and agility in family enterprises operating in today’s volatile landscape.
He spoke about the criticality of structured governance, family constitutions, and disciplined financial planning in preserving wealth, minimizing conflict, and facilitating smooth succession.
Adding further perspective, Krishna Kharia, Convenor, CII Jharkhand Family Business Panel & Director, Multitech Components Pvt. Ltd., emphasized India’s strong tradition of family-owned businesses as foundational to the national economy. He spoke of the increasing shift toward professional governance, structured succession planning, and clear intergenerational communication as necessary tools to manage both wealth and aspirations across generations.
Rajjeev Shukla, Co-Convenor, CII Jharkhand MSME Panel & Partner, Himalaya Enterprises, pointed to the importance of transitioning from informal, legacy-driven operations to professionally managed institutions.
He brought attention to the emotional nuances within business families and advocated for governance frameworks rooted in empathy, respect, and shared vision to ensure long-term resilience.
The session also featured expert inputs from Amit Rathi, Managing Director, Spark Capital PWM; Ruchi Paleja, Senior Vice President, Spark Capital PWM; and Rajneesh Pathak, Founder & CEO, Global North Residency & Citizenship.
They offered practical guidance on aligning family values with business strategy, managing leadership transitions, and reinforcing financial resilience through legal clarity and transparent governance.
Through rich, experience-led dialogue, the session emphasized that sustaining a family legacy in today’s complex world requires not just strategic wealth management, but also emotional intelligence, structured planning, and a shared commitment to the future.
CII Jharkhand reaffirmed its dedication to supporting family-owned enterprises with the tools and knowledge needed to thrive across generations—ensuring that legacy-driven businesses remain adaptable, united, and future-ready.
