Billions of prison battle puts the indoor in Indian family

An abrupt death of Indian Tycoon in June urged a fierce war on the heritage of an Indian automotive giant.

Sunjay Kapur, 53, suffering from a heart attack on 12 June while playing Polo in Surrey in the UK. He was an heir to Zone Comstar, a $ 3.6bn (£ 2.7bn) impulse that he had inherit his father. The company, amongst Indian auto components, have a global footprint with 10 plants spread in India, China, Mexico and US.

An enthusiastic polo, Kapur moved into elite social circles of capital Delhi, and reportedly made friends with Prince William. She was married three – first in the design of Nandite Mahtani, then in the 90s Bollywood star charisma Kapoor, before Priya Sachdev, a former model and trader, in 2017.

But the weeks after his death, the question was in the sequence of Kapur and his family was the subject of media counting.

In its center is the mother of Kapur Rani Kapur, former chairperson in the Sona Comstar.

On 24 July, Rani was sending a letter to the board of Son Comstar, who asked about the death and appointed by his son afterwards.

In the letter, seen by the BBC, he said that Kapur’s death was subject to “more doubtful and unstoppable circumstances”.

Surrey’s coroner office tells BBC after a postmortem, it determines that Kapur dies on natural reasons. “The investigation is closed,” as in the office.

Rani Kapur also claims forcing to sign key documents while under the mental and emotional disturbance from his son’s death.

“It is sad that while the family and I even mourn, some people choose it as a chance to break the family,” he wrote.

He also asked Sona Comstar board to postpone annual general meeting (AGM) – set for a new director to be a family representative.

Rani Kapur did not specify who he meant to “some people”, but Sonna Comstar held AGM the next day and taught Sunjay’s wife a non-executive director.

In his letter, Rani Kapur claimed that he was the only beneficiary of his late husband in a will in 2015 that included a majority stake in the comstar zone.

The company strongly denied Rani Kapur claims and said he had “no paper, directly or indirectly, in the comstar zone since 2019”.

The board also said it was not forcing to delay his notice and that the AGM was made “in full law obey”. The company issued a legal announcement to Rani Kapur, asked him to stop spreading “false, malicious and harmful” statements.

BBC contacted Sona Comstar, Rani Kapur and Priya Sachdev with questions.

Public shareholders, including banks, funds to each other and financial institutions, holding 71.98% of the Sona Comstar, listed in Indian exchange as SONA BLW.

The remaining 28.02% was held by the promoters by a company called Aurus Investment Pvt Ltd.

According to the companies’ files, the Sunjay Kapur is the only beneficiary of trust in the RK family, which controls the stake of the promoter of the Sona Comstar by investing in Aureus by investing in the Aureus by investment in the Aureus by investing in the Aureus by investment in the Aureus by investing in the Aureus by investing in the Aureus by investing in the Aureus.

“Look at the company’s structure, at this time, Rani Kapur not shown as a registered shareholder who has no reason to give up family,” as Tushar Turgard.

Family chaos is not a remote case.

About 90% of the Indian listed companies are controlled by the family, but only 63% have a formal plan in a row, according to a PWC survey.

Kavil Ramachandran at school in India business says that most Indian family traders work with “important ambiguity about the details”.

“One such (place) is the owner of what many and inherited and when,” he added.

Experts say the family linked with no meritocracy and lose the formal agreement to complicate things.

“At the death of the patriarch (or even before), disputes arise, in possession and management, and many water resolve issues of India issues.

India Inc. Topped with bitter successive fights repeatedly drifting in headings.

Mukesh Ambani, the richest person in Asia, used to be in a very Public Power Struggle With his younger brother in the flooded trust in the empire after their father Dhirubhai Amman died in 2002 without leaving a will. It was their mother, Kokilaben, who destroyed the years of peace later.

More recent, family ridosity explodes the Raymond Group, the most famous fabric company in India, and among Lodha brothers, whose company builds Trump Tower in Mumbai.

It’s all always having a lot of costs by Indian shareholders.

“Anyone who has kept infinite control in their hands has suffered. In the end it’s the company that suffers, the stock prices go down and (so do) the perception of how the company will do in the future,” Sandeep Nerlekar, Founder and Managing Director of Legacy Planning Firm Terentia.

But some families are now a bitno, twice shy.

The Bajaj family, one of the country’s largest conglomerates, facing internal slipping to a court over time in 2000s to resolve the dispute.

Patriarch has made a plan in a row for the group, dividing responsibilities between his sons and cousins. Like the company’s statement, the group currently acts by agreeing through a family council.

Last year, one of the oldest businesses in India business, locks-in-real estate Gourrej group, announcing an unstable separation of their many billion dollar business.

“Families need to work on succession planning with Governance structures like a good board that has teeth. They should be given some control so that the business can grow the next time and the patriarch should take the time to groom them so that Family Issues don’t Happen, “says Mr Nerlekar.

Mukesh Ambani likes shows that serious, began to focus on his three children well.

Mr. Ramachandran says that sequential is not something that can be decided “all night”.

“The family and the operating team is prepared for a planned transfer period is important.”

Follow BBC News India to Instagram,, YouTube, Twitter and Fickook.