From Mukesh Ambani to Anand Mahindra and Gautam Adani, wealth worth billions.. but who is the heir?
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Reliance Industries’ market cap is Rs 16 lakh crore
The AGM of Mukesh Ambani-owned Reliance Industries was organized. In this, Chairman Mukesh Ambani had announced the inclusion of his three children in the board. It is clear that he is preparing to hand over the command of the company to his children. Actually, after the death of Dhirubhai Ambani, there were many differences between Mukesh Ambani and Anil Ambani. Later, mother Kokilaben announced the division of the business empire between the two brothers. This is the reason why Mukesh Ambani is keeping his steps carefully.
Uday Kotak is the founder of the third largest private bank.
Uday Kotak is the founder of the country’s third largest private bank. He recently resigned from the post of MD and CEO of Kotak Mahindra Bank. However, the coronation of his son Jai Kotak will depend on the board. According to sources, it may take time for Jai Kotak to get the responsibility of Kotak Mahindra Bank. Whereas, younger son Dhaval Kotak has graduated from Columbia Business School last year.
Anand Mahindra has two daughters
The market cap of Anand Mahindra is around Rs 1.9 crore. Mahindra’s business is spread across many sectors including automobile, agriculture, IT and aerospace. He has two daughters. But right now no one is in leadership position in the group.
Kiran Mazumdar Shaw is the most powerful business woman
70-year-old Kiran Mazumdar Shaw, founder of Bengaluru-based biotech company Biocon, is recognized as one of the most powerful business women, but she does not have any children. Her husband died last year. He has not yet talked about the succession of his company.
Nusli Wadia is the owner of food company Britannia
Nusli Wadia is 79 years old. His younger son Jahangir has resigned from the boards of several Wadia Group companies. In such a situation, his elder son Ness Wadia is moving towards succession. Let us tell you that Wadia Group is one of the oldest companies in the country. It was established in 1736. The company deals in aviation, consumer, real estate, plantations, chemicals and healthcare. Currently its market cap is Rs 1.1 lakh crore.
Cipla may be sold
87-year-old Yusuf Hameed, founder of pharma industry giant Cipla, is no longer active. His next generation is no longer interested in running the company. In such a situation, he is planning to sell it. It is included in the list of those companies which have been witness to the hopes and struggles of the pharma industry in the country.
They also have to choose their successor
Apart from these, Sun Pharma’s Dilip Shanghvi (67), Marico’s Harsh Mariwala (72), Bharat Forge’s Baba Kalyani (74), Apollo Hospitals’ Pratap Reddy (91), Vedanta’s Anil Aggarwal (69), and Apollo Tyres’ Omkar. Singh Kanwar (81) also has to search for a successor for his companies.
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