sandeep nerlekar

#FamilyBusiness | #EstatePlanning | #Banking | #Strategy | #Consultant | #Entrepreneur | #Movie Buff | #Tennis player | Founder & MD #Terentia

[sandeep nerlekar @SandeepNerlekar]

@anandmahindra Wow this is just brilliant and innovative.

[sandeep nerlekar @SandeepNerlekar]

@thakkarkv Hi....happy new year.....u can write to me at [email protected]

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 So it would be a combination of estate plan and business succession plan

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 Tangible will bring in clarity on wealth related apsects and intangible will deal with softer aspects

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 Tangible can be handled by putting structures in place and intangible by defining policies and processes

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 We feel that family needs to first deal with tangible and intangible challenges.

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 One cannot build a multi generational business without having proper structures, policies and systems in place

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 Most significant by business families have failed to build a multi generational business model

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 I think it's is important for the business families to understand that it is better to onboard professionals

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 One good example is Thermax

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 They can be effectively used if the business families are open to the views of the professionals

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 The non family members and the consultants play a vital role. They bring in the required practical angle to the balance the emotional perspective of the family

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 I do feel that the older generation need to be more open to pass on the reigns of the business to next the gen

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 I think with changing times and business platforms families are engaging the next well. But that is still with the select families

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 Depending on the family objectives one needs to select a structure. Most families fail to understand the concept of family office, it's not a fashion statement

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 Emami family has a mix of professionals and family members onboarded on management team.

[sandeep nerlekar @SandeepNerlekar]

@AIWMI @adityagadge @msreenivasan @cyrilamarchand @tariqaboobaker @GhosalPallabi1 Thermax and Emami families also have a well defined succession plan in place. Thermax has seperated ownership and management leaving management to professionals and retaining ownership.

[sandeep nerlekar @SandeepNerlekar]

"The decision of importance is based on your values and Goals"
#Terentia #LegacyPlanning

[sandeep nerlekar @SandeepNerlekar]

Wishing you all a Very Happy Republic Day!

[sandeep nerlekar @SandeepNerlekar]

#EstatePlanning #Terentia https://t.co/LPqWZSJeQ8

[Jitendra P.S.Solanki @jsolankicfp]

My answer to What is the most tax efficient estate planning steps for India? https://t.co/z94olGPAFm