In order to understand further the framework and theoretical part of the study, this study will try to find other related information from books and academic journals. The topics will include managing acquisition, doing mergers, Indian culture, MSEs and other related topics. Methodology The data will be both quantitative and qualitative. The variable that will be of primary importance is the financial performance of small family owned textile businesses. This variable will be used to as the basis of information about the growth and development of small family owned textile business. This will be analyzed using inferential statistics by comparison of means to be generated by SPSS. Quantitative data that will be obtained from the respondents will be those that are related to financial performance. Qualitative data that will be obtained are those other information related to answering the research questions. Information will be gathered through personal interview. Questionnaire will also be used as a way to gather important information from the respondents. The chosen respondents are owners of small family owned textile business in the city of Surat (Guijarat), the textile hub of India. About ten percent of these businesses will be randomly chosen by the proponent. Random sampling will prevent bias and impartiality of information. Action Plan: The action plan of this study is presented in the Ghant Chart below. This is to ensure that the study will be implemented on a step by step process.