As per Credit Suisse Family 1000 in 2018 report, India was positioned third globally in terms of having the highest number of family businesses. The country has 111 companies of worth ₹83900 market capitalisation. China tops the list with 159 entities followed by the United States with 121 firms.
The report titled ‘Credit Suisse Family 1000 in 2018’, published by Credit Suisse Research Institute (CSRI) says, China along with India and Hong Kong is dominating the non-Japan Asian region. The CSRI’s database revealed that these three together constituted 65% of the non-Japan Asian region with a combined market share of 71%.
Eugène Klerk, Head Analyst of Thematic Investments at Credit Suisse and the report’s lead author, said, “This year we find family-owned businesses are continuing to outperform their peers in every region, every sector, whatever their size. We believe this is down to the longer-term outlook of family-owned businesses relying less on external funding and investing more in research and development.”
The report further revealed that over 50% of the 30 best-performing companies are from India followed by China and Malaysia. Apart from this, 50 most profitable companies in the world include 24 Asian companies. These Asian companies account for 74800 crores of total market capitalisation. Out of these 24 countries, 12 companies belong Indian sub-continent.