Kolkata headquartered, Rs. 3,700 crore Emami Group, a prominent player in the FMCG sector with a reasonable presence in real estate, paper and healthcare, may firm up its succession plan in the next three to six months. However, it is not clear as to whether or not R.S. Agarwal (Executive Chairman) and R.S. Goenka (Director) will hang up their boots and pass on the day-to-day management to the second generation following adoption of succession plan. It is however expected that the recommendations may lead to a rejig of portfolio managed between the two families with three children each.
The family run business has opted for external evaluation on succession plan as it believes that succession should be a natural process and that having an external assessment helps ensure a smooth succession process. It is expected that once the plan is put in place there will be some churn in portfolios.
Source: The Hindu Business Line