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Family businesses account for 70% of India's GDP, with around two-thirds of the top 500 listed companies by market capitalisation being family-led, a percentage projected to rise to 85% by 2047. Listed companies in India have controlling shareholders classified as ‘promoter’ and ‘promoter group’, typically founders or legal persons who have predominantly inherited businesses through different succession models.
The mediation movement in India has had strong supporters who have tirelessly worked on setting up court-annexed centres and starting the conversation on mediation for over two decades now. India, today, has accelerated reform in the commercial dispute resolution space starting with the arbitration ordinance, bankruptcy laws on specialised tribunals and now the Commercial Courts (Amendment) Ordinance, 2018 (CCA) which introduces ‘pre-institution mediation’.
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