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Rising Son the Next Level GLOBAL GAME CHANGERS 2017 PRICE ` 190. JULY 7, 2017 GenNext SPECIAL INDIa’s FUTURE LEADERS “[ONE SHOULD] TRY NOT TO PREDICT THE EXCLUSIVE FUTURE, BUT WE MUST BE THE KPMG THE FASTEST TO CEO POLL: REACT TO THAT HOW FUTURE SITUATION” READY IS INDIA INC? LAKSH VAA- MAN SEHGAL Director Motherson Sumi Systems Ltd THE MOTHERSON LAKSH VAAMAN SEHGAL SUMI SCION HAS NAVIGATED TOUGH TERRAIN AND TAKEN THE AUTO PARTS MAJOR TO RISING SON THE NEXT LEVEL www.forbesindia.com Business. Minus the paperwork. You live on the go, travelling light. You want things now, not when the courier gets there. You’re connected, 24/7, and you want your reading at your fingertips. Welcome to the INDIA Tablet Edition EDITOR’S NOTE The next generation of India’s business families will have to negotiate an uncertain new world Tomorrow’s Leaders usinesses of today need it around, changing the fortunes to navigate change of the group itself as a result. rapidly. Whether it Laksh is a perfect example of the is the global market drive and determination which andB the demands it places, or characterise the next generation the disruptions which present of Indian business leaders. themselves suddenly, leadership is But there are many others too— more demanding than it ever was. like Tarun and Nikhil Sawhney of Which is why today’s business the Triveni Group, Avni Biyani of leaders, as most experts will tell the Future Group (who created you, need to be flexible, nimble, a bustling business by way of innovative and ready to adapt to lifestyle food superstore Foodhall) fast-changing conditions. The next and Neil Parikh, the son of the generation, which is preparing to late investment expert Parag take over the reins at their family- Parikh—who are taking the family owned businesses or even setting legacy forward by either growing up ventures of their own, therefore existing businesses or carving out Best, have their task cut out. It’s a whole their own niches. Being a part new world out there, and sitting in of such business families also the corner room will hardly be easy. comes with an added dimension. For this year’s GenNext special As Senior Assistant Editor Salil SOURAV MAJUMDAR issue, we pick those business Panchal, who helmed this issue, Editor, Forbes India leaders who are showing the way writes, it’s not just about the talent in taking their businesses forward, or passion demonstrated by the [email protected] adding their unique stamp to next generation. “It is also about @TheSouravM them by way of innovation and the family managing a smooth sheer entrepreneurial energy. transition—of business ideas, This set of gen-next leaders is just values, practices and leadership— a sample, but a good example of from the previous generation to how today’s Indian family-owned the new one,” Panchal says. businesses are grooming the next Coming back to the issue of generation to take charge as the change and disruption, I would global business environment also urge you to take a look at presents new challenges every the Forbes list of Global Game day. It is also representative of Changers. These people, who are what Indian enterprise is all about: changing industries and touching The ability to navigate the odds lives, are selected on the basis and succeed. That’s exactly what of how well they are growing Laksh Vaaman Sehgal, the son of and innovating compared to auto parts billionaire Vivek Chaand their peers. Sample some names: Sehgal, did when his father threw Larry Fink of BlackRock, Evan him in the deep end of the pool. Spiegel of Snap and Cheng Wei He took charge at ailing UK-based of Chinese ride-hailing company mirror maker Visiocorp, which Didi Chuxing. The only Indian their Samvardhana Motherson on the list: Mukesh Ambani Group had acquired, and turned of Reliance Industries Ltd. 6 | FORBES INDIA JULY 7, 2017 Contents / JULY 7, 2017 ● VOLUME 9 ISSUE 14 ON THE COVER GenNext LEADERS 48 | LAKSH VAAMAN SEHGAL: REWIRING THE FUTURE From turning around an ailing auto component firm in Germany to spearheading innovation solutions at auto parts maker Motherson Sumi, son Laksh is fast stepping out of the shadow of Vivek Chaand Sehgal, his illustrious billionaire father WE VALUE YOUR FEEDBACK. Apart from being a successful businessman, Write to us at: [email protected] | L etters may be edited for brevity. Laksh Vaaman Sehgal also wears an Read us online at www.forbesindia.com investor’s hat in his personal capacity On the cover & on this page: Amit Verma Digital Imaging by: Sushil Mhatre CONTENTS UF P RONT 37 INTERVIEW 22 | ‘THE NPA ISSUE HAS BEEN RECOGNISED AND IS BEING DEALT WITH’ Joris Dierckx, BNP Paribas’s India head, says the BJP government’s actions have been positive and the markets have replied suitably CO LUMN 24 | BANKING PROBLEMS REDUX Highly leveraged global banks could trigger another doom loop that governments may struggle to tide over FEATURES INTERVIEW 53 O| ‘CE s MUST PICK TEAMS WITH THE RIGHT SKILL SETS’ Arun Kumar, chairman and CEO of KPMG India, says Restaurateur Zorawar Kalra now has foreign destinations on his mind India Inc is capable of upgrading their abilities 40 66 | ‘EVEN A SMALL GROCERY STORE SHOULD BE ABLE TO EXPERIENCE IBM’ Karan Bajwa, IBM India’s new managing director, wants to offer end-to-end digital solutions to both large and small enterprises GNE NEXT LEADERS 32 | THE BATON CARRIERS Some of the brightest and most inspiring young business leaders who are keeping a legacy alive 34 | AVNI BIYANI: THE FUTURE IS HERE Kishore Biyani’s daughter has successfully scaled up the most premium offering from the retail king’s stable 37 | ZORAWAR KALRA: THE CULINARY MAESTRO Neil Parikh is comfortable with the idea of slow and steady growth Journalist-cum-gastronome Jiggs Kalra’s elder son is looking to be the last word in gastronomic inventiveness in Indian cuisine 44 40 I| NE L PARIKH: IN FOR THE LONG HAUL After father Parag Parikh’s sudden demise, A M Neil has brought stability and growth to his mutual R VE fund business IT 44 | TARUN SAWHNEY AND NIKHIL SAWHNEY: ; 44: AM TWO TO TANGO KAR L While the Sawhney brothers run disparate businesses, AVA they are committed to making their companies the best N A run in their respective fields U H SURVEY 56 | THE C-SUITE STUDY India Inc reveals its preparedness to deal with disruption and a hostile business environment KAPPARATH; 40: JOS KAPPARATH; U ADH M Tarun Sawhney (left) and brother Nikhil have similar qualifications 37: JULY 7, 2017 FORBES INDIA | 9 JULY 7, 2017 CONTENTS CROSS BORDER 26 | THE WIZARDS FROM OZ 26 Move over sales pitches. Two Australian billionaires behind Atlassian have built smarter tools that sell themselves 58 | THE BIG CHEESE With supplies to Pizza Hut, Domino’s, Papa John’s and many more, billionaire James Leprino explains how he built a cheese juggernaut in the US 64 | CHINA’S AI ADVANTAGE Veteran researcher and investor Kai-Fu Lee believes that the US is destined to lose its lead in the race 68 | CLASS APP ClassDojo’s educational software is the go-to app in 90 percent of US schools. But will anyone pay for it? Thirty-seven-year-old Aussies Mike Cannon-Brookes (left) and 72 | HOW LONG OF A REACH? Scott Farquhar are worth $2.6 billion each Pro basketball’s appeal in Asia is obvious, but it struggles to seed NBA talent here 84 REL C INER RECLINER 1 76 | A ROOM WITH A VIEW, AND MUCH MORE Heritage hotels and homestays cater to travellers who seek unique experiences from their holidays RLEC INER 2 80 | STREET SMART Berlin’s street-food market scene is a reflection of a city that is a melting pot of cultures RLEC INER 3 84 | A (DIFFERENT) AFRICAN SAFARI Uganda’s geography and its variety of natural habitats make it a haven for wildlife enthusiasts Tree-climbing lions can be spotted in the Ishasha area of Uganda 76 With rising incomes, travellers are opting for unique experiences such as choosing heritage ES villas or homestays RB during their vacation FO R O F RAN REGU LARS 19 | LETTERS 20 | LEADERBOARD 98 | THOUGHTS Subscriber Service: To subscribe, change address or enquire about other customer services, please contact: FORBES INDIA, Subscription Cell, C/o Digital 18 Media Ltd, MES HO A Empire Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Tel: 022 4001 9816 / 9782. Fax- 022-24910804 (Mon – Friday: 10 am - 6 pm) SMS FORBES to 51818 Email: [email protected], To subscribe, visit www.forbesindia.com/subscription/ 26: J To advertise, visit www.forbesindia.com/advertise/ 10 | FORBES INDIA JULY 7, 2017 CEO-News & Group Editor-in-Chief: CEO-Forbes India & President- FORBES MEDIA LLC Rahul Joshi Revenue, Network 18 News: Chairman & Editor-in-Chief: Joy Chakraborthy Steve Forbes Editor, Forbes India: President & CEO: Mike Perlis Sourav Majumdar FORBES INDIA SALES TEAM Chief Product Officer: Vice President: Preeti Sahni Lewis D Vorkin Executive Editor: CEO / Asia: William Adamopoulos Abhilasha Khaitan Girish Sharma, Vinayak Ambekar, Editor, Forbes Asia: Tim Ferguson Deputy Executive Editor: Brijesh Singh, Atishay Singh, N Madhavan Vibhor Nigam, Divya Bhatia, Mona Parate, Ajinkya Tambe, Design Director: Anjan Das Dilshad Ahmed Khan, Maulik Views & opinions expressed in this Thakkar, Neha Chatterjee, Karina magazine are not necessarily those Mehta, Riti Menghani, S Salim of Digital18 Media Limited (Digital18), Senior Associate Editor: Baig, Kaushik Paradkar, Karishma its publisher and/or editors. We (at Pravin Palande Dhawan, Abhishek Shah, Digital 18) do our best to verify the Associate Editors: Vaibhav Kumar information published, but do not Monica Bathija, Aveek Datta take any responsibility for the absolute accuracy of the information.
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