I Grew My Dad’s Boring Lala Business to ₹300 Cr
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In this episode of Inherited: Stories of Succession, Bijay Gautam sits down with Sanjay Gupta and Yashi Gupta to explore how Pune Polymers evolved from an automotive component supplier into a diversified engineering and manufacturing business, how a father and son learn to work together, and what it really takes to scale a family business across generations.
WHAT YOU'LL LEARN IN THIS EPISODE:
Why Yashi chose to leave the US and return to India to join his father’s business
How Pune Polymers identified its biggest structural risk: dependence on a limited number of customers and sectors
Why diversification became critical after changes such as BS4, BS6, GST and the rise of EVs
What happens when a long-serving employee struggles to adapt to the next generation’s vision
Why Yashi believes family businesses eventually need corporate governance, delegation and accountability
How Pune Polymers is moving from a business where “Dad was the system” towards decentralised decision-making
Why manufacturing is a difficult, thin-margin business where every rupee matters
Whether an entrepreneur can ever truly retire from the business they built
ABOUT PUNE POLYMERS:
Founded in Pune in 1991 by Sanjay Gupta, Pune Polymers began by manufacturing plastic-moulded automotive components, with Bajaj Auto as a key customer. Sanjay, from a construction family, chose to build his own manufacturing business. Today, the group has six manufacturing locations, 100 injection-moulding machines, 750 employees and around 500 products, producing over 250,000 components daily.
ABOUT INHERITED - STORIES OF SUCCESSION:
Inherited is an interview series that goes behind the boardrooms of India's most iconic family businesses. We unpack the governance structures, emotional trade-offs, and leadership philosophies that determine whether a family legacy survives or collapses with time.
If you run a family business, are a next-gen successor, an investor, or simply fascinated by the intersection of family and money, this series is for you.
ABOUT PERSONAL FINANCE TV (PFTV):
PFTV is a dedicated content platform that simplifies complex financial and business topics into clear, practical insights. From budgeting and investing to legacy planning and wealth creation we make it accessible without losing relevance.
TIMESTAMPS:
00:00 Trailer
1:22 What Do Pune Polymers Actually Do?
3:03 How Big Are Pune Polymers Today?
4:14 Why Yashi Left America to Join His Dad
6:07 Why “Boring” Businesses Can Last for Generations
9:17 The Lala System
12:15 Why Yashi Wanted to Modernize the Business
17:11 How Yashi Modernized His Dad’s Company
20:18 How Do You Manage Older Employees?
25:03 The Fear of Letting Your Father Down
26:07 Business Wealth vs Family Wealth
31:13 The Biggest Risk Sanjay Took With Bajaj
35:19 The Risks of Running a Manufacturing Business
38:00 What Made Sanjay Let His Kids Join the Business?
39:34 How Father and Son Divide the Business
40:55 Who Will Inherit the Business?
42:27 When Should a Founder Retire?
43:55 The Legacy They Leave Behind
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