The sudden passing of Sunjay Kapur, chairman of auto components giant Sona Comstar, has left a massive void not just within the company but across India’s business landscape. Known as much for his high-profile personal life as for his business acumen, the 53-year-old industrialist died of a heart attack during a polo match in London on Thursday. His death has triggered uncertainty over the future of his multi-billion-dollar empire.
Who Will Take Over Sunjay Kapur’s Company?
For the unversed, Sunjay Kapur had taken over Sona Comstar in 2015 following the death of his father. Under his leadership, the company grew rapidly into global markets. The firm currently holds a market valuation of around 31,000 crore (nearly 4 billion). Following the news of his death, the company’s shares saw a sharp 7 percent decline on Friday, as investors expressed concerns over the direction of the business. In an official note, the company reassured all the stakeholders that Sanjay Kapur’s long-term vision and leadership, which built such a resilient organisation, will ensure that its daily operations and strategic plans remain intact by the board members and the management team.
Sunjay Kapur has 3 children, his eldest two, Samaira (20) and Kiaan (14), are from his marriage to Bollywood actor Karisma Kapoor. His youngest, Azarias, is just six, from his marriage to model and entrepreneur Priya Sachdev. None of his children are currently involved in the business, and it appears unlikely that any of them will step into a leadership role at this stage. While no formal announcement has been made regarding the next chairperson, reports suggest that his sisters may step into more active roles in the business. For now, the company’s leadership is expected to remain with the current board.
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Beyond his corporate worth, Sunjay Kapur had amassed personal wealth estimated at 10,300 crore (approximately 1.2 billion), with previous valuations reaching as high as 13,000 crore. According to reports, his widow Priya Sachdev will manage the bulk of his estate. However, Kapur had made financial provisions for his children from his earlier marriage, reportedly gifting them bonds worth ₹14 crore and securing a monthly income of 10 lakh each.
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