How and why new-age businessmen are turning to exclusive uber-rich clubs

Most of clubs are still in their infancy, promoters are convinced that purpose is being fully served

A speaker is addressing some 50 people. The audience, mainly comprising men attired in modish suits, listens intently, occasionally enraptured. A few of them scribble quick points on their notepads; the others politely nod in approval. The event is being played out at a five-star hotel in New Delhi, inside a quiet hall almost as large as a ballroom. Once the speaker has delivered one last pearl of wisdom, the gathering breaks into a delicate applause. 

Soon, exquisite liquor and sumptuous cuisines are rolled out and the next couple of hours are spent talking about business operations, investments and succession plans.