India has 3rd highest number of family firms
US and China top list. India is home to 111 family-owned businesses.
India has the 3rd largest number of family-run businesses in the world after the US and China, according to a report by Credit Suisse.
India has 111 family-owned business with a combined market capitalisation of $839 billion.
Indian companies owned by families generated average annual returns of 13.9 per cent since 2006, more than double the 6 per cent reported by companies that were not.
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