In a Bloomberg interview [from 38m:30s – 45m:17s], SMU Professor of Marketing Nirmalya Kumar discussed the complexities of succession planning within large conglomerates like the Adani Group. He emphasised that a clear succession plan is crucial yet challenging due to the division of vast businesses among multiple heirs. He also highlighted the unique role of conglomerates in India, attributing their success to family control, risk diversification, and access to government resources.
