Entire business process / operation controlled / dominated by owner - promoter family led by 70+ yr old MD
No delegation of authority beyond blood relatives - no trust placed on 'outsiders'
Most leadership positions (sans authority) occupied by under-qualified family loyals
HR malpractices - Extensive working hours, no leave, no confirmation letter after completion of probation (may take upto 7 yrs), no F&F settlement (7+ yrs)
Second generation top leadership not competent enough to take over reins
Limited business growth as already major leader in business category (90% share) with small turnover dealing in capital goods with long cycle.
Future outlook subject to national political uncertainty considering 95% business concentrated with Central Government entities.
