Services
Family business
Governance and succession for promoter-owned groups.
Family business is one of the practice areas Lalit Mohan Tyagi & Co. carries out from its Kolkata and Amritsar offices. Governance and succession for promoter-owned groups. The services within this practice area are listed on this page, alongside how the firm scopes and carries out the work. Client identities are not disclosed and no fees are quoted; to engage the firm on this work, read how an engagement runs and get in touch.
What does family business work involve?
Long-horizon work with promoter families on governance structures, the transition of ownership and management between generations, and the coordination of business and personal financial affairs.
Services within this practice area
| Governance |
| Business transition and succession |
| Private wealth coordination |
| Strategy and growth |
Which sectors is this work carried out in?
The sectors the firm has worked in, including banking, public sector undertakings and manufacturing, are set out on the sector engagement summary. Businesses that want to check a threshold or due date connected to this practice area can use the compliance tools directly.
Related practice areas
What family business services does the firm provide?
The firm advises promoter families on governance structures, succession planning, and the coordination of business and personal financial affairs.
This is long horizon work, often continuing across several years as ownership and management transition between generations of a family.
What does succession planning involve?
Succession planning sets out how ownership and management responsibility will move from one generation to the next, including the roles family members will hold.
The firm works with the family to document this transition and align it with the governance structure already in place at the business.
Does the firm advise on family governance structures?
Yes. The firm helps promoter families set up governance structures, such as a family council or a documented decision making process, alongside the operating business.
This advisory work is distinct from the firm's statutory audit engagements and is scoped and agreed separately in writing.
Is family business advisory work kept confidential?
Yes. As with all engagements the firm accepts, client identities and the content of family business advisory work are not disclosed publicly.
Engagement terms, including confidentiality, are recorded in the engagement letter agreed with the family before work begins.
Last reviewed 26 August 2026.