Beating the Third-Generation Curse in a Family Business | Binoy R V Meghraj, Vice Chairman & Managing Director, Meghraj Group
The Brand Called You · The Brand Called You
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Show Notes
You might assume that family businesses are more fragile than other forms of enterprise. Indeed, that’s the conventional wisdom: Many articles or speeches about family businesses today include a reference to the “three-generation rule,” which says that most don’t survive beyond three generations.
But that perception could not be further from the truth. On average, the data suggest that family businesses last far longer than typical companies do. In fact, today we have Binoy R. V. Meghraj, Vice Chairman & Managing Director of Meghraj Group who is the third generation of the family in the business.
About Binoy RV Meghraj
- Binoy R. V. Meghraj is the Vice Chairman & Managing Director of Meghraj Group, an international investment banking advisory and fiduciary services business founded in Kenya in 1922.
- The Group is now headquartered in the British Isles and operates from offices in 5 countries in Africa, Asia, and Europe directly, and a further 13 countries through its affiliate fiduciary business.
- The fiduciary business looks after more than USD 150 billion of client assets. He is the third generation of the family in the business.
- Binoy is the Chairman and founder of Meghraj Capital, the Group’s investment banking advisory business, which has offices in Kenya, Japan, India, and Dubai.