India ranks third globally in terms of number of family owned businesses with 111 companies of $839 billion total market capitalisation, followed closely after China with 159 firms and the United States with 121 firms, says a report.
According to the ‘Credit Suisse Family 1000 in 2018‘ report, published by the Credit Suisse Research Institute (CSRI), in terms of number of family owned businesses, within the non-Japan Asian region, China, India and Hong Kong dominate the list.
These three jurisdictions together comprise around 65 per cent of the non-Japan Asian section of the CSRI‘s database, and has a combined market capitalisation of $2.85 trillion (or 71 per cent) of the market share.
Korea came in fourth place, with 43 companies ($434.1 billion market capitalisation), followed by Indonesia, Malaysia, the Philippines and Thailand, each with 26 companies.
The report covered 11 markets in the Non-Japan Asian region, which continue to dominate and represent a 53 per cent share of the universe, with a total market capitalisation of over USD 4 trillion.
The report further noted that in 2017 alone, Non-Japan-Asia-based family-owned companies generated 25.63 per cent greater cash flow return on investment (CFROI).