How do you turn a traditional craft into a global luxury business while keeping the people and purpose behind it at the centre?

In this episode of Inherited: Stories of Succession, Bijay Gautam sits down with Nand Kishore Chaudhary and Rutvi Chaudhary from Jaipur Rugs for a candid conversation about building a family business, creating a premium brand, bringing the next generation in, and preparing the company for a future beyond its founder.

Nand Kishore Chaudhary shares how he started Jaipur Rugs in 1978 with ₹5,000, two looms and nine weavers, and how the business grew into a network of 40,000+ artisans across hundreds of villages. He talks about the moment he realised that the stories behind the artisans and their craft could become a powerful source of value, and why he believes a product becomes truly unique when a business goes deeper into its purpose rather than simply competing on price.

Rutvi Chaudhary shares how she entered the family business organically after marriage, starting by attending customers and gradually discovering her own strengths. She talks about the freedom Nand Kishore gave her to find her place in the business, her early experiences with customers, and how she eventually became involved in growing the brand and working closely with the artisan community.

The conversation also explores how Nand Kishore approached succession with his five children, why he believes the next generation should not be forced into the family business, and how family members can be evaluated based on capability rather than simply their position in the family. They discuss the importance of bringing in professionals, separating ownership from management, and creating structures that allow the business to grow without depending entirely on the founder.

Nand Kishore and Rutvi also talk about the challenges that emerge when a family business grows across markets. They discuss the relationship between the India business and Jaipur Living in the US, the different identities that family members developed over time, and why greater clarity around ownership and decision-making became important for both the business and the family.

The conversation goes beyond the family to explore Jaipur Rugs' relationship with its 40,000+ artisans. They discuss why dignity, recognition and creative freedom matter when trying to preserve traditional crafts across generations, and how initiatives such as Manchaha have given artisans a greater role in the creative process.

At its heart, this is a conversation about more than rugs or luxury. It is about a founder learning to let go, a family learning to separate relationships from business decisions, a new generation finding its own place, and a traditional craft finding a way to remain relevant in a changing world.

A deeply personal conversation about family, craftsmanship, succession, ambition, purpose and what it really takes to build a family business that can outlive its founder.

What does it take to build a family business that survives Partition, navigates a difficult family reorganisation, and evolves into one of India's largest bicycle manufacturers?

In this episode of Inherited; Stories of Succession, Bijay Gautam sits down with Onkar Singh Pahwa and Rishi Pahwa of Avon Cycles for a candid conversation about family, entrepreneurship, leadership, and building a business across generations.

Onkar Singh Pahwa shares how the family's journey began with bicycle components after Partition, how Avon produced its first bicycle in 1952, and how he joined the business in 1973. He discusses the company's journey into exports, backward integration, and the decisions that helped transform Avon from a relatively modest bicycle operation into a major manufacturing business.

He also opens up about the family's 1997-98 reorganisation, when his family received Avon Cycles while his cousins received the component businesses, which were initially more profitable. He shares what it felt like to inherit what appeared to be the less attractive part of the family business, and how they eventually built it into one of India's leading bicycle manufacturers.

Rishi Pahwa shares his experience of joining Avon in 2001 and becoming part of the next generation of leadership. The conversation explores how the entry of Rishi and his brother Mandeep changed the family's approach to running the business, allowing Onkar to gradually step away from day-to-day operations and focus more on strategy, people and social initiatives.

The conversation also explores how Avon has evolved beyond traditional bicycles into premium cycles, electric mobility and global OEM manufacturing, and what it means to carry forward a 75-year-old legacy while preparing the business for the future.

A deeply personal conversation about Partition, family, reinvention, succession, leadership, and what it really takes to build a family business that can evolve across generations.

How do you build a business that lasts nearly 70 years? And more importantly, how do you prepare the next generation to take it even further?

In this episode of Inherited – Stories of Succession, Bijay Gautam sits down with Rezwan Razack, Co-Founder of Prestige Group, and his son, Faiz Rezwan, Executive Director, for a candid conversation about family, succession, and the values behind one of India's most respected real estate companies.

Rezwan shares how an unexpected land deal changed the course of the family's future, why Prestige was built on a simple promise of always delivering more than expected, and the leadership philosophy that has guided the business for decades. Faiz reflects on earning his place in the company, leading the development of Prestige Golfshire, finding his own identity within a well-known family business, and what it means to carry a legacy while building something of your own.

They also discuss the emotional side of succession, the mistakes every parent and founder makes, why trusting the next generation is harder than building the business itself, how the family has worked together for decades without conflict, and the personal values that continue to shape Prestige Group today.

A deeply personal conversation about trust, responsibility, family, and what it really takes to build a legacy that outlives a generation.