
From Father-Son Partnership to a Tata Acquisition - Prashant Kandoi
Send us Fan Mail This conversation with Prashant Kandoi is largely about family business, entrepreneurship, succession, values, and learning through experience. Prashant grew up watching his father build an electrical business from the ground up after leaving his job in 1983. Seeing his father work intensely made Prashant’s own path feel natural: he studied electrical engineering and joined the family business in 1992. A defining part of his development was his father’s willingness to give him responsibility, let him make mistakes, and eventually let go of control. As the company sought faster growth, Prashant pushed to hire strong professionals, even when doing so felt expensive and risky. That experience reinforced his belief that good people are an investment rather than merely a cost. The family grew the company without outside equity, relying primarily on internal accruals and bank financing. The eventual sale to the Tata Group was not something they had planned from the outset. What began as a customer interaction gradually developed into conversations around partnership, minority investment, majority ownership, and ultimately an exit. Prashant highlights that Tata’s assessment went beyond financial performance, they spent considerable time understanding the people, values, and ethos behind the company. After exiting, Prashant attended Harvard Business School’s OPM program, which he describes as transformative both professionally and personally. He later returned to entrepreneurship. Rather than reinventing everything, he carried forward the values, relationships, and lessons from his first venture. One powerful validation of that approach is that a large majority of his former customers chose to work with him again. Here are the Top 10 Takeaways from the conversation: Earn responsibility before seeking authority. Give people room to make mistakes and grow. Learn to let go as the next generation steps up. Hire for the company you want to become, not just the company you are today. Invest in strong people even when it feels expensive early on. Build a great business before thinking about an exit. Let values and integrity guide long-term decisions. Know when to separate emotion from business decisions. Protect personal relationships by creating boundaries around work. Build trust so strong that people choose to work with you again
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