Building an Institution: Scaling with Governance

What does it take to transform a family business into a purpose-driven institution that outlives its founders?

Join Anu Aga and Meher Pudumjee, the dynamic mother daughter duo as they pull back the curtain on Thermax’s reinvention, from Anu’s unexpected rise to CEO in 1996 to the bold decisions that reshaped their legacy.

Discover the principles, people-first strategies, and governance models that propelled a family enterprise into an enduring institution.

What can you expect from this episode?

• What happens when purpose, not profit, is the North Star?
• How separating ownership and management enhances strategic objectivity.
• How do you lead with values in a world driven by valuation?
• A healthy tension between a risk-averse family mindset and an ambitious management team ensures prudent yet forward-looking investments.

This episode is a must-watch for leaders looking to navigate succession and governance in family-run businesses

Listen now and subscribe for more insightful leadership conversations. Episode 8 dives into how to build sustainable, values-led institutions and Episode 9 unpacks The Inner Work of Leadership: Wisdom, Self-Doubt & the Power of Real Connection

Which takeaway challenged your thinking the most and how will you put it into action?

Watch the episode on YouTube