The India Bullion and Jewellers Association (IBJA) and SAARTHI 360 have signed a Memorandum of Understanding (MoU) to introduce ‘NextGen CEO: Leadership for the Future’, an executive education initiative aimed at preparing the next generation of jewellery manufacturers to take on CEO and senior leadership positions in family-owned businesses.
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The programme is designed to help emerging business leaders move beyond routine operational responsibilities and develop stronger strategic thinking, leadership judgement and managerial capabilities. Its broader objective is to improve organisational performance, strengthen professional management and support sustainable business growth.
Saurabh Mishra, Binit Bhatt, Surendra Mehta and Hitesh Khandelwal were present following the signing of the MoU.
NextGen CEO Programme to Address Leadership Succession in Family Jewellery Businesses
The initiative is built around the theme ‘NextGen CEO — Becoming the CEO of a Family Jewellery Business’. It aims to address the challenges associated with leadership succession, executive decision-making and the transition of family members into senior management roles.
The curriculum will cover nine key areas to help participants understand the responsibilities of a CEO and prepare for the complexities of leading a family-owned jewellery enterprise.
Key Learning Areas of the NextGen CEO Programme
- Understanding the CEO’s role: Defining a CEO’s responsibilities and expectations in a jewellery business.
- Clarifying leadership and governance roles: Distinguishing among an owner, promoter, director, managing director and CEO.
- Strategic leadership versus daily operations: Moving from routine management to long-term business direction and priorities.
- Decision-making and strategic thinking: Applying structured frameworks to complex business situations.
- Managing stakeholders: Navigating relationships with family members, shareholders, employees and other stakeholders.
- Performance measurement: Using a CEO dashboard to monitor performance and support informed decisions.
- The first 100 days as CEO: Establishing priorities for the transition into executive leadership.
- Second-generation leadership challenges: Addressing succession, authority, accountability and organisational change.
- Ethics and integrity: Building trust through responsible leadership, sound governance and ethical decision-making.
Through these areas, the programme seeks to equip emerging leaders with practical tools to manage organisational change, make informed business decisions and balance family business traditions with professional management practices.
IBJA and SAARTHI 360 Leaders Share Their Perspectives
Surendra Mehta Highlights the Importance of Preparing Future Leaders
Surendra Mehta, National Secretary, IBJA, said:
“Family-owned jewellery businesses play a significant role in India’s gems and jewellery industry. As these businesses grow and prepare for generational transitions, developing capable and confident future leaders becomes increasingly important. Through this initiative, we aim to help the next generation build the clarity, discipline and leadership capabilities needed to take their businesses forward while preserving the strengths of their family legacy.”
Mehta emphasised the importance of developing leadership capabilities as jewellery businesses expand and prepare for generational transitions. The initiative is intended to help future leaders maintain the strengths of their family businesses while developing the discipline and clarity required to manage them effectively.
Binit Bhatt Emphasises the Shift From Operations to Strategic Leadership
Binit Bhatt, Partner, SAARTHI 360, said:
“Becoming a CEO is about much more than inheriting a title. It requires a fundamental shift in mindset—from managing day-to-day operations to setting direction, making informed decisions, building accountability and earning the confidence of family members, employees and other stakeholders. The NextGen CEO programme is designed to equip emerging leaders with practical frameworks and perspectives that they can apply to the realities of their own businesses.”
Bhatt highlighted that assuming the role of CEO involves more than taking over an existing position. It requires a change in mindset, greater accountability, effective decision-making and the ability to establish a clear strategic direction while maintaining the confidence of key stakeholders.
Hitesh Khandelwal Focuses on Professional Management and Sustainable Growth
Hitesh Khandelwal, Partner, SAARTHI 360, said:
“Jewellery businesses are navigating an important generational transition, where preserving a strong legacy must go hand in hand with professional management and strategic thinking. Through NextGen CEO, we aim to help emerging leaders develop the confidence, capabilities and business perspective required to lead effectively, drive sustainable growth and prepare their organisations for the future.”
Khandelwal underlined the need for jewellery businesses to combine their established family legacy with professional management and strategic planning. The programme aims to develop the confidence and business perspective required by the next generation to lead organisations effectively and prepare them for long-term growth.
About the NextGen CEO Programme Leaders
Binit Bhatt
Binit Bhatt brings more than 34 years of global leadership experience in the gems and jewellery industry. He is the former CEO of the Gems & Jewellery Skill Council of India and holds a Graduate Gemologist qualification from the Gemological Institute of America (GIA), USA.
His executive education includes programmes at Harvard University, Purdue University and IIM Kashipur. He also works as a visiting faculty member, industry consultant and leadership coach.
Hitesh Khandelwal
Hitesh Khandelwal is a marketing strategist and business growth professional with more than 20 years of experience in the global gems and jewellery industry.
His expertise includes national and international marketing, brand communication, public relations and strategic business development. His professional experience also includes supporting a successful initial public offering (IPO) launch.
Through SAARTHI 360, Khandelwal works with next-generation entrepreneurs to strengthen their leadership capabilities, branding, business growth strategies and strategic management skills.
About the India Bullion and Jewellers Association (IBJA)
Established in 1919, the India Bullion and Jewellers Association Ltd. (IBJA) serves as a platform for India’s bullion and jewellery trade. The association describes itself as an apex body representing bullion and jewellery associations across the country.
About SAARTHI 360
SAARTHI 360 develops leadership and executive education programmes for businesses operating in the gems and jewellery industry. Its focus is on helping entrepreneurs, business owners and next-generation leaders improve their leadership capabilities, strengthen strategic decision-making and build organisations equipped for sustainable growth.
What the IBJA–SAARTHI 360 Partnership Means for the Jewellery Industry
The launch of NextGen CEO reflects a focus on leadership development and succession planning in India’s family-owned jewellery businesses. By combining executive education with practical business frameworks, the initiative aims to help emerging leaders transition from operational management to strategic leadership while preserving family business values and preparing their organisations for future challenges.
FAQ’s
1. What is the NextGen CEO programme launched by IBJA and SAARTHI 360?
NextGen CEO: Leadership for the Future is an executive education programme designed to prepare the next generation of jewellery manufacturers for CEO and senior leadership roles in family-owned jewellery businesses. It focuses on strategic thinking, leadership judgement, governance, decision-making and sustainable organisational growth.
2. Why have IBJA and SAARTHI 360 introduced this executive education initiative?
The initiative aims to address leadership succession and generational transitions in family-owned jewellery enterprises. It seeks to help emerging leaders move beyond routine operational responsibilities and develop the capabilities needed to manage business strategy, improve accountability and lead organisations professionally.
3. What subjects will participants study under the NextGen CEO programme?
The programme covers the CEO’s responsibilities, leadership and governance roles, strategic planning, structured decision-making, stakeholder management, performance measurement through CEO dashboards, the first 100 days in a leadership role, second-generation leadership challenges, and ethics and integrity.
4. Who are the key leaders associated with the NextGen CEO programme?
Binit Bhatt and Hitesh Khandelwal, Partners at SAARTHI 360, bring extensive experience in the gems and jewellery industry. Bhatt has more than 34 years of global leadership experience, while Khandelwal has over 20 years of experience in marketing strategy, brand communication and business development. Surendra Mehta, National Secretary of IBJA, also shared the association’s perspective on the initiative.
5. How could the NextGen CEO programme benefit family-owned jewellery businesses?
The programme aims to help family-owned jewellery businesses strengthen succession planning, establish clearer leadership responsibilities, improve strategic decision-making and introduce professional management practices. It also seeks to prepare future leaders to balance family business legacy with accountability, organisational change and long-term sustainable growth.
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