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Businesses are creating family trusts with more women on them

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Synopsis

Recently, Maharashtra-based promoters of Vashi Integrated Solutions decided to set up a family trust, keeping long-term business growth in mind. The promoter family, which runs the business under the name of Vashi Electricals, was flirting with the idea of creating a family trust for a long time, but the pandemic just helped them to hasten the process.

The pandemic seems to have accelerated the gradual shift towards greater inclusion as more and more small and medium businesses are creating their family trusts where women are becoming an active part of the succession rather than passive beneficiaries. Recently, Maharashtra-based promoters of Vashi Integrated Solutions decided to set up a family trust, keeping long-term business growth in mind. The promoter family, which runs the business under

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