Business Continuity

Business continuity is an organization’s ability to ensure operations and core business functions are not severely impacted by a disaster or unplanned incident that take critical systems offline.

As per Mckinsey & Company report on Corporate Governance, three out of four companies in India (including listed ones) are family owned and a large number of them suffer due to family discords.  Only less than 13% of the family businesses survive until the 3rd generation.

Critical Risks Faced By the Company :
  • What happens when suddenly the key promoters go out of the Company on account of Death, Disability or Critical illness ?
  • As per Business Standard, Sep.13, In absence of a clearly defined succession plan, the working of any company is affected adversely.
  • The FALL is always sharper than the RISE.
  • The immediate impact is on the members of their family
  • Often the members of the family have no idea as to what kinds of securities (personal guarantees, collateral securities etc.) have been rendered by the promoters.
  • Besides the interest of all stake holders in the co. viz. share holders, creditors ,employees, customers is jeopardized as they all have taken a call on the MEN behind the project and not the project per say.
  • The repercussions could be far reaching…..

WE offer tailor made solutions based on the real risk perception of the company covering all risks as mentioned above.

Cover – Business Continuity

Winston Churchil – “I am convinced that for sacrifices which are inconceivably small,  family business can be secured against catastrophes which otherwise would smash them forever”