There are approximately 83 million government-registered SME and MSME companies in India. The majority of these businesses are run by second and third-generation families.

Globally, 70 percent of family-owned businesses fail to meet the 1.5 million (10 crores) turnover threshold.

In addition, India has seen a significant increase in the number of start-ups in recent years. According to global statistics on startup sustainability, 80 percent of startups fail within the first five years of operation.

This is a problem that Indian family businesses face as well.

Typically, businesses are started by technicians with extensive technical knowledge. Such businesses quickly scale up to around Rs 5-10 crore in revenue before stagnating. As a result, many of them die. The reason for this is that there are few institutions that can teach a business owner how to run a company.

Mr. Brad Sugar, who founded ActionCOACH in Australia in 1994, wanted to address this issue by equipping small and medium businesses with the tools they need to scale up and grow exponentially.

ActionCOACH is currently active in 96 countries and employs more than 4500 coaches.

Beyond Red Ocean Consulting, founded by Moloy Chakravorty, is an ActionCOACH Licensed Partner in India and is considered India’s fastest-growing Business Coaching Company.

Moloy Chakravorty began his professional career in 1991 and spent the next 23 years in leadership roles with global MNCs such as Merck India, GE Healthcare, and Indian family-owned businesses such as Chanrai Summit Group in India, the UAE, West Africa, and the United Kingdom.

With his Coaching and Consulting Company, Beyond Red Ocean Consulting, he began his Entrepreneurship Journey in 2016. Working with ambitious business owners is his passion, and seeing their businesses grow exponentially gives him pride and satisfaction as an organization.

Moloy Chakravorty is one of India’s most successful business coaches, having transformed a number of companies across the country. His cutting-edge Business Transformation systems are used by businesses in a variety of industries across India.

In March of the following year, Beyond Red Ocean Consulting acquired the Exclusive Licence of ActionCOACH for West Bengal.

Beyond Red Ocean Consulting is now focusing on assisting businesses in West Bengal in scaling up and creating a powerful business legacy. They have a track record of success in Kolkata with a variety of businesses. The goal now is to expand the Coaches’ team and reach out to a variety of businesses in West Bengal so that they can grow and contribute to the state’s GDP.