Moneycontrol PRO, in partnership with Waterfield Advisors and PwC India as the process partner, returns with the third edition of the Indian Family Business Awards. The event honours families that have significantly contributed to India’s economic growth and entrepreneurial spirit.

According to a press release, this year, the awards are categorized into five segments: Super (under Rs 1,000 crore), Mega (Rs 1,000 to Rs 5,000 crore), Giga (over Rs 5,000 crore), Best Startup Family Business, and Philanthropy Award. Family businesses must be established in India for at least 10 years, while startups must be at least five years old to qualify.

Categories include Best Family Business, Best Governance, Most Innovative Family Business, and more. The jury, featuring industry leaders like Soumya Rajan of Waterfield Advisors and Gopal Srinivasan of TVS Capital Funds, will shortlist winners after a thorough evaluation process.

Soumya Rajan expressed excitement for a grander third season, encouraging family businesses across India to participate. Falguni Shah from PwC India highlighted the importance of supporting and celebrating the best in the industry through this prestigious platform.

The Indian Family Business Awards 2023 promises to be an event celebrating excellence and innovation in family-run enterprises, contributing to India’s economic landscape.