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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: Big Punch In Small Pack

It is the Third Anniversary of Short Post and as a news media startup launched during the Covid-19 pandemic it certainly feels better than good to find ourselves where we are today. Here, I must cite the unstinted support of our seasoned contributors, all senior editors in the country, who brought a great degree of maturity and sagacity to the Short Post newsroom. But for them, our tagline “Authentic Gossip”, an Oxymoron, would not have matured viably. Our user numbers may be small but our stories have created the desired impact among people who matter — decision makers and influencers. We offer a big punch in a small pack and Short Post with its 225-word stories has been punching above its weight category. Having posted close to 3,000 stories in the last 36 months, Short Post, I feel, is an idea whose time has come.
And this is vindicated by our two marquee advertisers – IDFC FIRST Bank and ICICI Lombard. Both believed in our story and have supported us from Day one. A big thank you to both.
If you look at the media landscape – print, TV and digital — it is a mixed bag. There are job losses as some outfits have closed down while a lucky few were bailed out by large corporate houses. Yes, there is a lot of action in the digital space. However, the entry of corporate houses has raised the question of independence of news media outfits. Sadly, there are just a handful of independent media outfits in the country that are highly respected for their neutrality. At Short Post, our credo is not to take sides, prejudge issues or be biased but, informing readers of behind-the-scenes happenings. In essence, Short Post strives to be a neutral editorial platform — neither anti-establishment nor pro-establishment.
As I said last year, disruptions in the media world are moving at a fast and furious pace. Technology is playing a very big role in how content is generated and consumed. But, we are neither alarmed nor perturbed as it is all a part of the evolution process. What gives us comfort is that AI is unable to create original gossipy content. And that is the news arena where we have achieved a distinction.