Zandu Pharmaceutical Works: The Takeover Bid (A)
By Kavil Ramachandran, Suresh, Bhatnagar
Harvard Business Publishing | November 2014
DOI
hbsp.harvard.edu/product/ISB045-PDF-ENG?Ntt=ramachandran&itemFindingMethod=Search
Citation
Ramachandran, Kavil., Suresh., Bhatnagar. (2013). Zandu Pharmaceutical Works: The Takeover Bid (A) Harvard Business Publishing hbsp.harvard.edu/product/ISB045-PDF-ENG?Ntt=ramachandran&itemFindingMethod=Search.
Copyright
Harvard Business Publishing, 2013
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Abstract
This case is about the takeover attempt for Jamnagar, (Gujarat, India) based Zandu Pharmaceutical Works by Kolkata, India based Emami group in 2008 and the opposition by one of the promoter families that followed. The company was owned and managed by two promoter families. One of the families sold their stake to Emami group. The other promoter family faces the decision problem in the case, which is - whether to sell out to Emami or to fight the takeover battle. The case narrates the circumstances and the actions taken by various parties involved. The case requires students to understand the business situation from different perspectives. The case deals with various managerial issues like leadership, communication, acquisition strategy and emotional issues faced by promoter families. The case serves as a suitable tool for students to learn and apply leadership and communication skills specifically in complex acquisition scenarios.

Kavil Ramachandran is a Professor of Entrepreneurship (Practice) at the Indian School of Business (ISB). A founding faculty member, Professor Ramachandran established the Wadhwani Centre for Entrepreneurship Development at the Indian School of Business in 2001. He later served as the Associate Dean (Academic Programmes), before becoming the Thomas Schmidheiny Chair Professor of Family Business and Wealth Management, and subsequently the Executive Director of the Thomas Schmidheiny Centre for Family Enterprise at ISB.

He specialises in family business, entrepreneurship, and strategy, with 36 years of combined academic experience at the Indian Institute of Management, Ahmedabad, and the Indian School of Business.
Professor Ramachandran holds a PhD from Cranfield University, UK. His research focuses on family business, entrepreneurship, and strategy. He has authored and edited seven books and published extensively in reputed Indian and international journals.

His consulting experience includes areas such as family business governance, professionalisation, succession planning, strategic planning, identification of new opportunities for growth, corporate entrepreneurship and turnaround strategies in family and non-family business environments. His special expertise lies in managing the challenges at the interface of governance, professionalisation, and strategy, particularly in rapidly growing mid-size, multi-generational family businesses.

Professor Ramachandran has demonstrated special interest in mentoring young members of business families. He spearheaded the initiative in ISB offering a new MBA-level programme for the next generation of family business leaders (PGP MFAB), and was adjudged the “Faculty of the Year” by students in both 2018 and 2019. He has consistently been listed among the top 100 global influencers (academics) in the field of Family Business by the Family Capital magazine.

He has authored several case studies, worked with several well-known family business leaders and global experts, and consulted on transformation of family businesses. A frequent speaker at family business forums in India and abroad, he also contributes regularly to popular media. He has conducted numerous training programmes for family businesses on governance, professionalisation, strategic management, and entrepreneurship.

Professor Ramachandran has served on various advisory committees for the Government of India, the World Bank, and the Securities and Exchange Board of India (SEBI). His book, The 10 Commandments for Family Business, is widely regarded as a leading publication in the field.

He is recognised as a pioneer academic entrepreneur, dedicated to advancing the cause of strengthening family businesses in India and internationally. In 2022, he was conferred with the Bharat Asmita Acharya Shreshta Award for Best Teacher in Management by MIT World Peace University, Pune (MIT-WPU)

Kavil Ramachandran
Kavil Ramachandran