AI, Family Businesses & Global Transformation

Ankit Shrivastava of Enventure Joins Enterprise Radio to Discuss AI, Family Businesses & Global Transformation

Ankit Shrivastava, Founder & Managing Partner at Enventure, a private equity firm that partners with family-owned businesses in the U.S. and India, recently joined Enterprise Radio with host Eric Dye to discuss how legacy businesses can embrace transformation—especially through strategic AI adoption and modernization.

Demystifying AI for Family Businesses

In a candid conversation, Ankit Shrivastava shed light on one of the most common misunderstandings family businesses have about AI: the belief that it’s too complex or expensive to implement. According to Ankit, the key is not to wait for a “perfect” AI solution but to start small with practical use cases that can immediately save time and increase efficiency.

“It’s not about replacing tradition,” Ankit said. “It’s about enabling your team to focus on high-value work by automating repetitive tasks.”

From automating invoicing and payroll to tracking inventory or leveraging predictive analytics for customer insights, AI can be a game-changer even on a budget. And it doesn't require a complete digital overhaul from day one—just small, smart steps that lead to meaningful transformation over time.

Navigating Global Modernization: U.S. vs. India

Having worked with businesses across both the United States and India, Ankit highlighted the distinct challenges and cultural nuances faced by family-run companies in each region. While U.S.-based businesses often struggle with adapting legacy systems, Indian family businesses may face resistance due to deeply embedded generational leadership structures.

“The opportunity lies in leveraging the strengths of both worlds—American efficiency with Indian entrepreneurial resilience,” he explained.

Enventure helps these businesses modernize by identifying where technology, talent, and tradition can intersect, turning complexity into a competitive edge.

Tradition Meets Innovation

When it comes to succession planning and leadership transitions, Ankit advises businesses to take a balanced approach: honor the legacy but bring in fresh perspectives. Often, innovation becomes a necessity—not a luxury—when leadership changes hands.

“If you’re not evolving, you’re falling behind,” he warned. “Succession isn’t just about passing the torch—it’s about lighting a new path.”

Choosing the Right Capital Partner

Ankit also shared insights into what business owners should look for in a capital partner when they’re ready to scale or transform. It’s not just about funding—it’s about finding someone who brings strategic expertise, global connections, and an appreciation for the business’s core values.

The Bigger Picture

As a veteran consultant and investor, Ankit Shrivastava has spent over two decades guiding Fortune 500 companies and family-owned enterprises toward growth and innovation. At Enventure, he focuses on investments in space, sustainability, and healthcare, always driven by data and a clear long-term vision.

Operating at the intersection of two dynamic markets—the U.S. and India—Ankit and his team continue to foster global partnerships that empower traditional businesses to become agile, tech-enabled, and future-ready.

Key Takeaway

Progress, not perfection. That’s the mindset businesses should adopt when integrating AI and seeking transformation. With the right advisors, tools, and a step-by-step approach, even the most legacy-driven family businesses can thrive in today’s digital-first economy.

To listen to the full interview with Ankit Shrivastava on Enterprise Radio, visit: Enterprise Podcast Network