There is a big change in corporate houses of India at this time. The owners of the country’s big companies are now preparing to hand over their legacy to the next generation. Large industries like ports, airports, oil refineries, real estate, IT, FMCG are now going to go into new hands. It is estimated that from 2024 to 2030, assets of about $ 1.5 trillion (about Rs 125 lakh crore) will be handed over to the next generation.
The next generation of Adani Group is ready
Gautam Adani, one of the country’s most talked about industrialists, has already made a succession plan. According to Bloomberg, he has decided that he will retire at the age of 70 and distribute his business between four successors – son Karan and Jeet and nephew Pranav and Sagar. Karan Adani is handling the port and logistics business. Pranav Adani is active in edible oil, oil and real estate. Sagar Adani is a pioneer in the green energy, while Jeet Adani Airport and Digital Business are handling. Family women are also not far behind. Sagar’s wife Srishti and Jeet’s wife Diva have also been given important responsibilities.
Ambani: Three successors, three empire
Reliance chief Mukesh Ambani included all three of his children on the board in 2023. Isha Ambani has been given the responsibility of Retail Sector, Akash Ambani to Jio (Telecom) and Anant Ambani.
Splitting of Godrej Group
The 127 -year -old Godrej Group divided its empire into two parts in 2024 by mutual consent. Adi and Nadir Godrej handled the industry and product business, while Jamshed and Smita took charge of Real Estate and Godrej & Boys. Adi’s son Pirozasha and Jamshed’s daughter Nyarika are handling the responsibility of the future.
Changes in Mistry Family
The succession process in the Shapoorji Palonji group has been quite calm and strategic. Shapoor Mistry has included his son Palon and the sons of late brother Cyrus Mistry, Feroz and Jahan in the group. They are now working on the company’s future strategy and operation.
Shiva Nadar: Empire assigned to daughter
HCL founder Shiv Nadar has formally handed over his stake to his daughter Roshni Nadar. Roshni is now the chairman of HCL Technologies and also the company’s largest shareholder.
Modi family: heritage becomes a war
This process is not comfortable in all families. After his death in 2019, a legal battle began between Bina Modi and his sons Sameer and Lalit Modi in the KK Modi group. Bina Modi was recently selected again as the company’s MD, but family discord is still going on.
