A distinctive feature of the Indian business landscape is what may seem an anachronism to modern management theorists: the survival of the traditional family-owned enterprise. But success is its own emphatic vindication and, to sceptics, all one needs to cite is the adaptive brilliance of the native pool. For an exemplar, look no further than Bajaj Group chairman Rahul Bajaj, 78. The grandson of Jamnalal Bajaj, a Marwari businessman-philanthropist, Rahul took over the reins of the flagship company.