Case Study: How a Business Family Structured a Multi Generational Trust

Most Indian business families know they need a succession plan. Far fewer know what it actually takes to build one that survives the founder, a family quarrel and the arrival of a third generation. This case study follows an illustrative, composite promoter family, the Ghaisas family of Pune, whose patriarch controls a listed engineering company, a family holding company, commercial property and a large investment portfolio. You see what triggered the plan, which vehicles the family rejected and why, how the private discretionary trust was designed to last across generations, which deed clauses mattered, how promoter shares and property were moved in under SEBI's takeover rules, stamp duty and tax, how the trust is taxed and runs its distributions year by year, and how the structure held up when the founder died, siblings disagreed and grandchildren came of age. Built for HNIs, business owners and family office advisers who want to see a trust work end to end before building one of their own.