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Masterclass

Masterclass Case Study: How a Leading Indian Business Family Structured Global Succession

A masterclass case study for senior HNIs, family office principals and UHNW wealth advisers. We follow the Vardhan family, a composite built from patterns common to Indian promoter groups: a third-generation patriarch, a listed manufacturing flagship on NSE and BSE, unlisted group companies, overseas subsidiaries in Singapore, the UAE and the UK, and heirs who now live in Mumbai, London, New York and Dubai. A health scare forces the question every such family postpones. We first stress-test what breaks if nothing is done: intestate succession across several countries, promoter shares stuck in transmission, Takeover Code and SEBI disclosure triggers, and the foreign tax exposure of heirs abroad, read against public Indian family disputes. We then build the answer in the order the family did: a family constitution first, then the Indian holding architecture (inter se transfers, a private family trust at the apex, a family investment company), then the global layer (ODI under the 2022 Overseas Investment Rules, the choice between Singapore, Dubai and GIFT City, UK and US rules for non-resident heirs, and Indian reporting of foreign assets). The course closes with a three-year execution timeline, liquidity for the branch that leaves the business, market communication, a comparison with the Godrej realignment of 2024, and a capstone where you design global succession for your own family group. Educational content only, not legal, tax or investment advice.

Family Business SuccessionPromoter GroupsPrivate Family TrustsTakeover CodeOverseas Direct InvestmentCross-Border HeirsFamily ConstitutionFamily Office

MODULES

7

DURATION

~5.5 hrs

TRACK

Tax & Wealth Planning

What You'll Master

Map a promoter group's listed, unlisted, overseas and personal assets to the law and tax regime that governs each one

Stress-test a business family's position if the patriarch dies without a plan, across Indian and foreign jurisdictions

Sequence a succession correctly: family constitution first, holding structure second, transfers third

Use inter se promoter transfers, the Regulation 10 exemption and a private family trust to consolidate control of a listed company

Hold overseas subsidiaries and global family wealth within ODI, LRS and FEMA rules, and choose between Singapore, Dubai and GIFT City

Anticipate UK, US and Indian tax and reporting exposure for heirs and trusts that span several countries

Build a three-year execution timeline, including liquidity for exiting branches and disclosure to public shareholders

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: The Family, the Group and the Problem

4 Lessons

Meet the Vardhan Family: A Composite Case Built From Real Indian Business Families11 min read

The Group Map: A Listed Flagship, Private Companies, Overseas Subsidiaries and Real Estate13 min read

Four Generations, Five Countries: Who Lives Where and Why It Matters for Tax12 min read

The Trigger: A Health Scare and the Cost of Doing Nothing10 min read

Chapter 2: Stress Test, What Breaks Without a Plan

4 Lessons

Intestate Succession Across Borders: Indian Law, Probate and Foreign Courts13 min read

Promoter Shares in Limbo: Transmission, SEBI Disclosures and the Takeover Code13 min read

The Foreign Tax Bill Nobody Planned For: Heirs in London, New York and Dubai12 min read

Lessons From Public Family Disputes: Reliance, Kirloskar, Hinduja and Raymond13 min read

Chapter 3: Governance Before Structure

3 Lessons

Why the Family Wrote Its Constitution Before Moving a Single Share12 min read

Who Runs the Business: Separating Ownership, Board Seats and Executive Roles12 min read

Branches, Exit Rights and Valuation: Designing for the Cousin Generation13 min read

Chapter 4: The Indian Holding Architecture

4 Lessons

Consolidating Promoter Shares: Inter Se Transfers and the Regulation 10 Exemption13 min read

The Private Family Trust at the Apex: Settling Listed Shares Without an Open Offer13 min read

The Family Investment Company and the Family Office LLP12 min read

The Cost of Moving In: Stamp Duty, Capital Gains and Section 47 Exemptions12 min read

Chapter 5: Going Global, Offshore Assets and Non-Resident Heirs

4 Lessons

Holding the Overseas Subsidiaries Under the 2022 Overseas Investment Rules13 min read

Singapore, Dubai or GIFT City: Where to Base the Global Family Office13 min read

Heirs Abroad: UK Residence-Based Inheritance Tax and US Foreign Trust Rules13 min read

Keeping the Indian Side Compliant: Trust Residency, Schedule FA and the Black Money Act12 min read

Chapter 6: Executing the Transition

4 Lessons

The Three Year Timeline: From Family Settlement to Handover12 min read

Liquidity for the Branch That Leaves: Buyouts, Dividend Policy and Promoter Pledges13 min read

Telling the Market: Disclosures, Promoter Reclassification and Investor Reaction12 min read

The Godrej Realignment of 2024 Read Against the Vardhan Case12 min read

Chapter 7: The Verdict and the Playbook

3 Lessons

The Final Structure Side by Side: Before and After11 min read

What Could Still Go Wrong: Estate Duty, Residency Shifts and Family Exits12 min read

Capstone: Designing Global Succession for Your Own Family Group15 min read