On the go-getter attitude of the next-gen, Niranjan Hiranandani, Co-founder and Managing Director, Hiranandani Group and president NAREDCO, a real estate body, said, "There is no handover in business that happens any more between generations. The next-gen grabs its opportunities."
He said, "1991 was a threshold year where professionals in family business started to take root."
In the "Last couple of years, opportunities for new businesses have come up disproportionately for family businesses."