India has 3rd Highest Number of Family-Owned Businesses

Posted on:27 Oct 2017 09:57:08
India has 3rd Highest Number of Family-Owned Businesses
27 October 2017 Current Affairs: India has 108 publicly-listed family-owned businesses, third highest in the world, while China tops the tally with 167 such companies followed by the US which has 121, according to the Credit Suisse report.

As per the Credit Suisse Research Institute's (CSRI) latest "CS Family 1000" report, with an average market capitalisation of USD 6.5 billion, India ranks 5th in Asia Pacific excluding Japan, and 22nd globally, in terms of average m-cap.

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