Ethics And Money Go Together

P S Pai

Executive Chairman
,

Muruguppa Group

It is difficult to think of a more perfect fit for the position of executive chairman of the Muruguppa group than P S Pai who recently retired as vice-chairman of Wipro after a 23-year stint.

The Chennai-based Rs 4,200-crore Muruguppa group is one of the most respected family businesses in the country that has taken a lead in corporate governance, both in the way the group conducts its affairs and in the way it has sought to professionalise its management.

The group, led by M V Subbiah, does not want to rest on its laurels. Subbiah is keenly aware of the fact that globally only 3 per cent of family run businesses last beyond the third generation. It is his and the family