Chamber Voice – September 2018

THE PRESIDENT SPEAKS ........

V. Venugopal

Dear Members of the Chamber,

It is with great pleasure and humility that I thank you all for electing me to serve as your President for the coming year. I am truly honored by the trust you have reposed in me and I am eager to get to work. I am conscious of the fact and humbled at the thought, of the legacy, tradition and achievements forged by my predecessors. As I take on this new role, I also welcome our new Vice President Mr. Harikumar and Members of the Executive Committee who have been elected to serve the Chamber for the coming year and I look forward to an eventful year ahead.

The 10th CEO Breakfast Meeting was held on 21st September 2018. Ms. Akshika Harkrishnan, Associate Director, Entrepreneurial & Private Business, PwC was the Speaker at the Session. The Session was on “Family Business- Succession Planning” and covered the various issues and challenges faced by family businesses and the ways in which such hurdles could be avoided and overcome.

The next CEO Forum Breakfast Meeting will be held on Friday the 5th of October 2018. The brochure regarding the same will reach you shortly. This Session will be on “Psychological Resilience and Cyber Security – Rapidly Changing Threat Landscape” and will be handled by Mr. Nandu Govindankutty, Director – Barclays UK & Co-founder of MADTA. I trust that you will all make use of this opportunity and attend the Session.

The Chamber’s 4th Annual Dr. A.P.J Abdul Kalam Memorial Lecture will be held on Friday the 12th of October 2018, at Hotel Abad Plaza, Ernakulam. Dr. P. Namperumalsamy, Chairman Aravind Eye Care Systems, Madurai, will be the Guest Speaker at this year’s Lecture. The details of the program are being sent to you separately and I request you all to participate in this event.

To conclude, I once again thank you all for having me elected to serve as President of Cochin Chamber of Commerce and Industry. I assure you that I shall spare no effort in championing the cause of the Cochin Chamber, to preserve its rich heritage and to strengthen and secure its future.

Best regards

V. Venugopal

CHANGE OF GUARD

President

V. Venugopal

Vice President - Legal | Harissons Malayalam Limited

Committee Members

Mr. Shaji Varghese

Proprietor | Shaji Varghese & Co.


Mr. C.S. Kartha

Dy. Managing Director, South India | Opal Asia.


Mr. P.M. Veeramani

Senior Partner | RGN Price & Co.


Mr. S.P. Kamath

Executive Director | Amalgam Foods Limited


Mr. P.S. Menon

Managing Director | Tropicana Liquid Storage Private Limited

Vice President

K. Harikumar

Managing Director | The Travancore-Cochin Chemicals Ltd.

Committee Members

Mr. Bibu Punnooran

Director | Medivision Scan & Diagnostic Research Center Pvt. Ltd.


Mr. M. Ninan Philip

Director | Synthite Industries Pvt. Ltd.


Mr. Sivakumar P.

Managing Partner | SVJS & Associates


Ms. Vinodini Issac

Managing Director | Team One Advertising Company Pvt. Ltd.


Mr. Thomas John

Managing Director | Agappe Diagnostics Ltd.

FAMILY OWNED FIRMS FARE BETTER

‘Indian businesses account for over 50% of top 30 performers in Asia in terms of growth, profitability’

Indian family-owned businesses are among the best in Asia, accounting for more than 50% of the top 30 performers in terms of growth and profitability.

Further, with a total of 111 companies and a market capitalisation of $839 billion, India is the third largest market globally in terms of number of family-owned companies, according to a latest study.

Shares of Indian family-owned companies generated an average annual return of 13.9% since 2006, compared to 6% recorded by their non-family-owned peers, and such Indian firms, on an average, generated some of the highest absolute cash flow returns on investment across Asia-ex Japan group, showed an analysis by Credit Suisse Research Institute (CSRI).

Companies such as Bajaj Finance, Page Industries, Eicher Motors, Berger Paints, MRF, Ashok Leyland, Natco Pharma, Pidilite Industries and Dewan Housing Finance are among those that made to the top list.

Further, India was ranked number three with 111 companies, with the top spot being occupied by China with 159 companies, followed by the U.S. with 121.

Longer-term trend

“The longer-term trend of out-performance of family-owned companies is clear… having delivered cumulative excess returns in every region and sector since 2006,” the report said.

The trend could be due to superior financial performance driven by the longer-term focus that family-owned companies appear to have, according to CSRI.

“The surveys show that family-owned companies have a greater focus on long-term quality growth than non-family-owned companies. Greater family ownership also tends to increase the use of longer-term financial targets for management remuneration and family-owned companies prefer conservative funding structures for investments,” it explained.

The study defines a family business as one where either direct shareholding by founders or descendants is at least 20% or the voting rights held by the founders or descendants is at least 20%.

Interestingly, the study further found that family-owned companies across emerging markets were much younger than their peers in developed markets.

 

Courtesy: The Hindu

EVENTS

Visit of Students from IIFT - New Delhi |13.09.2018

Students of MBA in International Business, Indian Institute of Foreign Trade (IIFT), New Delhi, visited the Cochin Chamber on the 13th of September 2018, as part of their course curriculum to visit Air Cargo, Customs, Ports and Spice Board, and other related service organization such as SEZ and Chambers of Commerce. The Indian Institute of Foreign Trade (IIFT), is a Deemed University under the Ministry of Commerce and Industries, Govt. of India. 

At the Chamber, the Students were greeted and welcomed by the vice President Mr. V. Venugopal. Mr. Venugopal spoke to the students on the importance and the role the new generation plays in the development of the society and the country as a whole.

Later, the Chamber’s Past President Mr. C.S. Kartha, who is also an expert in shipping and logistics, spoke to the students about the history of the Willingdon Island and the development of the Cochin Port.

Mr. Benny George, a Motivational Speaker and Consultant based in Cochin  spoke to the students about the challenges they will face in the industry and about how important it is to be focused in their careers.

A couple of students proposed the Vote of Thanks.

CEO Forum - Family Business - Succession Planning | 21.09.2018

The Tenth Breakfast Meeting of the Cochin Chamber’s CEO FORUM 2018 was held on Friday, 21st of September 2018 at the Taj Gateway, Ernakulam.

Mr. Shaji Varghese, President of the Chamber, delivered the Welcome Address and introduced the Speaker for the meeting.

Ms. Akshika Harikrishnan, Associate Director, Entrepreneurial & Private Business – PwC India spoke on the importance of creating a sustainable family business. She touched upon conflicts in family businesses and the various challenges in the family business structures. The interactive session came to a close with a networking breakfast by 10 am.

Mr. C.S. Kartha, Past President of the Chamber presented a Memento to Ms. Akshika Harikrishnan.

Mr. V. Venugopal, Vice President of the Chamber delivered the Vote of Thanks.

161st Annual General Meeting (Business Session) of the Cochin Chamber | 25.09.2018

The Business Session of the 161st Annual General Meeting of the Chamber was held on Tuesday, 25th September 2018. 

Mr. V. Venugopal was elected President of the Chamber for the year 2018-2019. Mr. Venugopal is the Vice President – Legal of Messrs. Harrisons Malayalam Ltd., Willingdon Island, Cochin. Mr. K. Harikumar, Managing Director, The Travancore-Cochin Chemicals Ltd., was elected as the Vice-President of the Chamber. 

FORTHCOMING EVENTS

CEO Forum - Psychological Resilience & Cyber Security - Rapidly Changing Threat Landscape | 05.10.2018

CEO Forum Breakfast Meeting.

The 11th Meeting of the CEO FORUM 2018 will be held on Friday, the 05th of October 2018 at the Taj Gateway, Ernakulam.

Topic: Psychological Resilience & Cyber Security – Rapidly Changing Threat Landscape

Speaker: Mr. Nandu Govindankutty, Director, Barclays UK & Co-Founder of MADTA

Date: Friday, 05th October 2018

Time: 8.00 a.m. to 10.00 a.m.

Venue: Marina Hall, Taj Gateway, Marine Drive, Ernakulam.

Those interested  in attending the meeting can get in touch at the contact details shown below to register.

Email: ceoforum@cochinchamber.org

Tel: +91 484 2668349/ 2668650 / +919895676827 / +919744629992

4th Dr. A.P.J. Abdul Kalam Memorial Lecture |12.10.2018

The 4th Annual Dr. A P J Abdul Kalam Memorial Lecture will be held on Friday, the 12th of October 2018, between 5.30p.m. and 8.00 p.m. at the Abad Plaza Hotel, Ernakulam.

The Speaker this year will be Dr. P. Namperumalsamy, Chairman – Emeritus, Arvind Eye Care System, Madurai, a long time close associate of Dr. Kalam.

The programme will commence with a High Tea at 5:30 pm followed by the Lecture at 6:00 pm.

We look forward to your presence at the function.

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