There are not many families in the world that can claim continuity of existence for over 76 generations in either business or otherwise. Families that manage such a feat tend to have strong roots of values and culture that are in line with the basic principles of trusteeship - to preserve and grow wealth (both material and spiritual) for the benefit of future generations. This case is based on the history of and current challenges faced by such a family, the Mewar dynasty from India.Learning Objective:The case may be used to discuss the following concepts:
role of custodianship in a dynamic family business context
possible opportunities to define the scope of the trusteeship value beyond business
challenges faced by a family leader as the custodian of inherited and further enriched-wealth, while choosing the successor