A recent report by Deloitte, titled 'Deloitte Private's Family Business Insights Series: Defining the family business landscape, 2025', reveals that nearly half of Indian family businesses report annual revenues ranging from USD 1 billion to USD 30 billion. Specifically, 36 percent of these businesses fall within the USD 1-5 billion range. This comprehensive report, based on a survey of 1,587 family businesses across 36 countries (including 50 in India) and interviews with 30 senior executives, indicates a significant evolution towards long-term growth within the family-owned business sector.

K R Sekar, Partner and Leader - Deloitte Private, Deloitte India, commented on these trends, stating that the growth of India's family businesses is propelled by a confluence of factors. These include enhanced access to capital, ongoing generational shifts, the establishment of family offices, the robustness of India's public markets, and a proactive approach to transformation through technology and inclusion.

Globally, family-owned businesses are experiencing a strong growth trajectory, with a projected 22 percent increase by 2030 in the number of businesses generating at least US$100 million in revenue. Indian family businesses, in particular, demonstrate remarkable resilience and optimism. Over 63 percent achieved double-digit revenue growth in 2024, and projections for 2025-2026 are equally promising, with 75 percent of Indian family enterprises targeting growth rates exceeding 15 percent.

In terms of strategic expansion and operational modernization, the report highlights that over half of Indian family businesses (53 percent) are already integrating artificial intelligence (AI) into their operations, a figure that significantly surpasses the global average. This adoption of AI, alongside ventures into new markets and diversification of product portfolios, is crucial for Indian family businesses to maintain competitiveness amidst economic uncertainties and rising input costs.

Furthermore, the report underscores a heightened commitment to sustainability and governance reforms. A substantial 76 percent of Indian family businesses expressed strong dedication to Environmental, Social, and Governance (ESG) priorities. Beyond modernizing operations, these businesses are also embracing inclusive leadership, with 73 percent reporting over 10 percent female representation on their boards. However, Deloitte points out that gender parity at the leadership level remains a challenge, as only 4 percent of businesses have women occupying 41-50 percent of board seats or C-suite positions.

Indian family businesses also exhibit strong confidence in regional and global markets. A significant 89 percent of businesses plan to expand within the Asia Pacific region, with 39 percent targeting North America and 37 percent aiming for Europe. This global outlook further solidifies their position as dynamic and forward-thinking entities in the global economic landscape.