The family connections of India Inc
While some connections between the families of leading Indian business houses are well known, there are some not many are aware of. Here we take you through some of them.
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The family connections of India IncWhile some connections between the families of leading Indian business houses are well known, there are some not many are aware of. Here we take you through some of them.
Infosys and TVS, TAFE: This is one of the most famous connections, fresh in everyone's minds. Also, one can say, a rare instance when three companies are connected through family relations. Rohan Murthy, son of Infosys co-founder Narayana Murthy, is married to Lakshmi Venu, the daughter of Venu Srinivasan and Mallika Srinivasan. Mr. Srinivasan is the CMD of TVS Motor while Mrs. Srinivasan is the head of tractor and farm equipment maker TAFE. -
The family connections of India IncKotak Mahindra Bank and Mahindra & Mahindra: Uday Kotak started Kotak Mahindra Finance Ltd with financial backing from Harish and Anand Mahindra. The company converted to a commercial bank later, the first Indian firm to do so.
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The family connections of India IncArcelorMittal and OP Jindal Group: Ispat Industries, once owned by Vinod Mittal, the younger brother of Lakshmi Mittal, is now owned by JSW Steel, an OP Jindal group company. Savitri Jindal is the non-executive chairman of the group.
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The family connections of India IncRare Enterprises and Lupin: Among all companies that are represented by their owners on various rich lists, Lupin is the only company in which investor Rakesh Jhunjhunwala is invested. Mr. Jhunjhunwala runs Rare Enterprises, while Desh Bandhu Gupta is the founder and chairman of drug firm Lupin.
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The family connections of India IncReliance Industries and Oberoi Group: Mukesh Ambani, chairman of Reliance Industries, came in as a white knight for Prithviraj Singh Oberoi, whose company EIH faced the risk of a hostile takeover from cigarettes-to-hotels conglomerate ITC.