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Murugappa Group
The TVS’ Separate Family-Business Model, Contemplated By Murugappa Group Since Its Perfectly Legal!
The South Side Story is always exciting. Family enterprises are a dime a dozen in this part of India. Some of them, especially in Tamil Nadu, are iconic names. These two industrial groups are definitely a name to reckon with, and they are trend setters in many ways. The TVS group, for instance. This venerable industrial house – comprising four families – has recently chosen to go their separate ways legally. With families expanding through fresh generational additions, the TVS group has done a remarkable job of succession planning. Now that they have separated legally, each family within the larger TVS tree has unhindered leeway to chart out their own individual paths. The Murugappa group, too, is another reputed name. It was the first to hit upon the idea of a group corporate board many summers ago, to delink the family from the management of their various enterprises. The Sanmar group under the late N Sankar took a cue from them. It was, however, a different matter that Murugappa junked the group corporate board a while ago. The Murugappa group, if grapevine is anything to go by, is now looking to emulate the TVS model of separation. Will the TVS model be the template for amicable resolution of succession planning in family businesses?
mumbai-metro-train
Why Are Mumbai Commuters Shying Away From Taking Goregaon-Dahisar New Metro Lines
Mumbaikars facing an intense heat wave are scrambling for the comforts of air-conditioned local trains but, shying away from taking to the AC metro network, particularly new Metro lines between Goregaon and Dahisar. Buoyed by the generous 50% drop in AC train fares from Rs 65/ km down to Rs 35 per km, the fare cut has bolstered daily passenger footfalls from an average of 3385 daily passengers in April 2022 to 9116 AC passengers on May 5. This is in complete contrast to the almost-empty AC Metro trains running between Goregaon and Dahisar. A month since its inception, daily average footfalls recorded are around 27,000 passengers — 10 times lower than its carrying capacity of 3 lakh passengers daily. It registers maximum footfalls only on Sundays. Plagued by issues like last mile connectivity, technical glitches and less frequency has meant that the office-goers find it unreliable. Failure to link with the existing popular Metro line between Andheri and Ghatkopar is also a major drawback. Activists like Vidyadhar Date attribute its lacklustre response to poor planning by planners who never use public transport. It is evident. Metro rakes are running with a thin crowd right above the congested Western Express Highway with packed BEST buses, both AC and the non-AC ones. The issue seems to be regarding intermodal passenger connectivity.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”