A major change is going on in the corporate houses of India at this time. The owners of big companies of the country are now preparing to hand over their legacy to the next generation. Large industries like ports, airports, oil refinery, 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 125 lakh crore rupees) will be handed over to the next generation.
The next generation of Adani Group ready
Gautam Adani, one of the country’s most talked about industrialists, has already planned succession. According to Bloomberg, he has decided that he will retire at the age of 70 and divide his business into four heirs, son Karan and Jeet and nephew Pranav and Sagar.
Karan Adani is operating the port and logistics. Pranav Adani is active in edible oil, oil and real estate. Sagar Adani is leading in Green Energy, while Jeet Adani Airport and Digital Business. The women of the family are also not behind, Sagar’s wife Srishti and Jeet’s wife Diva have also been given important responsibilities.
Ambani: Three heirs, 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.
Godrej group divided
The 127 -year -old Godrej Group divided its empire into two parts in 2024 with mutual consent. Adi and Nadir Godrej took over the industry and product business, while Jamshed and Smita took the responsibility of real estate and Godrej & Boys. Adi’s son Pirozasha and Jamshed’s daughter Nyarika are commanding the future.
Changes in Mistry Family
The succession process in Shapoorji Palonji Group has been quite calm and strategic. Shapoor Mistry has included his son Palon and late brother Cyrus Mistry’s sons Feroz and Zahan in the group. They are now working on the future strategy and governance of the company.
Shiva Nadar: Empire assigned to daughter
HCL founder Shiv Nadar has formally handed over his stake to daughter Roshni Nadar. Roshni is now the chairperson of HCL Technologies and is also the company’s largest shareholder.
Modi family: inherited war
This process is not comfortable in all families. After his death in KK Modi Group in 2019, a legal battle started between Bina Modi and his son Sameer and Lalit Modi. Bina Modi was recently elected to the company’s MD again, but family feud is still going on.