Sanjay Kapur's Legacy: Succession Crisis at Sona Comstar
The succession plan for Sona Comstar is likely to be closely watched, given the company's significance in the auto components manufacturing sector and the large estate left behind by Sanjay Kapur, with his children and wife set to play important roles in determining the company's future direction.
Billionaire businessman Sanjay Kapur's passing in London at 53 has sparked a succession crisis at his auto components manufacturer Sona Comstar, with speculation over who will take over management and what his children may inherit from his ₹10,300 crore estate.
Sanjay Kapur was married to Karisma Kapoor and had two children with her, besides another son with his third wife Priya Sachdev. According to law, the management of his estate will pass to his wife, but his children have been gifted bonds worth ₹14 crore each and a monthly income of ₹10 lakh as part of legacy planning.
The succession crisis at Sona Comstar has raised questions about the future of the company and who will take over the reins. Sanjay Kapur's children, who have been provided for through legacy planning, may still have a role to play in the company's future, but it is unclear what that role will be.
As the family and the company navigate this transition, it remains to be seen how Sanjay Kapur's legacy will be managed and what the future holds for Sona Comstar and its stakeholders.