AP file photo shows Infosys' Narayana Murthy posing for a photograph with his son Rohan Murthy and daughter-in-law Lakshmi Venu on June 11, 2011. New Delhi: Stock market wealth of children of top honchos at the country's listed companies rose to over Rs 14,000 crore in 2013, led by those holding shares of IT majors like Infosys and Wipro, as also that of Sun Pharma.
This is based on the change in value of shares held directly by next generation business leaders, aged below 40 years, and does not include the family holdings and equity owned through other structures such as trusts. Topping the charts, the children of Infosys founders saw the value of their combined shareholding soar by over 50 per cent to Rs 10,720 crore during 2013.
Among them, Akshata and Rohan Murhty saw the value of their shares soar to Rs 5,700 crore. Similarly, the value of shares allotted to former Infosys CEO Nandan Nilekani's children Nihar and Jahnavi rose to nearly Rs 1,200 crore, as per data compiled from BSE. The next generation of other Infosys co-promoters like Meghana (Kris Gopalakrishnan), Divya & Deeksha (K Dinesh), Shruti & Shreyas (S D Shibulal) saw their kitties rise to Rs 215 crore, Rs 980 crore and Rs 2,610 crore, respectively.Wipro Chairman and philanthropist Azim Premji's sons Rishad and Tariq also witnessed considerable surge in market value of shares held in their name. Rishad --- who is chief strategy officer of Wipro IT business -- saw the worth of his 6.87 lakh shares rise over 40 per cent to Rs 38 crore, while younger Tariq's holding increased to about Rs 15 crore.Among other notable winners, Aalok Shanghvi, son of Sun Pharma founder Dilip Shanghvi, and his sister Vidhi's combined kitty rode on the back of over 55 per cent uptick in the drug maker's stock price to touch about Rs 330 crore. Aalok is general manager of the company's international marketing team.There was marginal change in the wealth of children of Cipla's M K Hameid Kamil and Samina -- ended mostly flat compared to 2012 level. Siblings Kamil and Samina hold Cipla shares worth Rs 850 crore.The country's richest man Mukesh Ambani's children saw a moderate rise in their portfolio with RIL rising around 6 per cent in 2013. The combined value of RIL shares held by Isha, Akash and Anant Ambani topped Rs 600 crore at the end of 2013.The stock market performance of Anil Ambani-led group's companies was a mixed bag. Consequently, holdings of his children -- Jaianmol and Jaianshul -- stood at over Rs 31 crore. While shares of group's telecom arm Reliance Communications rose, that of financial services unit Reliance Cap and infrastructure firm R-Infra fell.Godrej scions --Tanya, Pirojsha, Nisaba and Firoze -- finished the year at Rs 960 crore worth of shares held in Godrej Industries (down about 13 per cent) and Godrej Consumer (up around 17 per cent) in 2013.O P Jindal group's next-gen leaders Tarini, Tanvi and Parth's holdings in JSPL, JSW Steel and JSW Energy saw their total kitty end lower at Rs 560 crore.Anant, son of RPG Group chairman Harsh Goenka, also saw a mixed bag with the value of shares he controls in CEAT zooming while KEC slipped.However, an over 70 per cent plunge in Wockhardt shares dragged down the market value of holdings of Habil Khorakiwala's sons -- Murtaza and Hozaifa.
Lakshmi Venu, daughter of TVS Motor Company chairman Venu Srinivasan and daughter-in-law of Infosys chairman N.R. Narayanamurthy, will shoulder additional responsibilities at TVS Group company Sundaram Clayton from Nov 2013. She will be responsible for exploring business opportunities, expansion and cost reduction.
IT services firm Infosys Ltd on Saturday recalled founder and former chairman N.R. Narayana Murthy to act as executive chairman for five years and with him entered his son Rohan who would act as an executive assistant for the same period. Murthy was also quick in pointing out that Rohan has no leadership role. - APThe seeds of this huge family business was sowed as early as in 1850's by Seth Shiv Narayan Birla. However, it was B K Birla (right pic) who opened the firm's first overseas venture in Ethiopia. Later his son Aditya Vikram Birla (middle pic) took the company to new heights, setting up 19 companies overseas. Now, the group is headed by his son, Kumar Mangalam Birla (left pic). - DC/Wikimedia CommonsAditya Mittal and Vanisha Mittal (left pic) are the children of the steel magnate Lakshmi Mittal (right). Aditya is the CFO of Arcelor Mittal, while Vanisha serves as Director in various Mittal companies. - DC/APRajiv Bajaj (left), son of Rahul Bajaj(right), is the MD and CEO of the Bajaj Auto Ltd. Under his leadership, the group has been successful in entering the high-performance bike segment with introductions like KTM's Duke into the Indian market and improved versions of the epochal Pulsar bikes. - APNisaba Godrej (middle) and Tanya Dubash (right), daughters of Indian industrialist Adi Godrej (left), are the heirs of the Godrej group of companies. Nisaba is the President, Human Capital & Innovation for Godrej Industries and associate companies, while Tanya serves in the Director Board of many of the group's companies. - DCRishad Premji (left) serves as the Chief Strategy Officer of Wipro's IT business. He is also a member of the NASSCOM Executive Council. Unlike other big business scions, Rishad had to scrape through the ranks to reach his current post. - DCSiddharth Mallya (left), often known for his extravagant lifestyle, is officially the Director of the IPL team Royal Challengers Bangalore and the General Manager of Marketing at United Spirits Ltd. He is yet to prove his mettle in business as his dad Vijay Mallya (right) is struggling with a broken Kingfisher Airlines. - DCAnil Agarwal (in pic) is the billionaire founder and Executive Chairman of Vedanta Resources Corporation, figuring in the 16th position in the Forbes Richest Indians. His son Agnivesh serves as the Chairman of Hindustan Zinc Ltd, one of the subsidiaries of Vedanta. - © SurvivalSelf-made billionaire and Chairman of Adani Group, Gautam Adani (in pic), has his son Karan Adani taking up responsibilities as the Executive Director of Adani Ports and Special Economic Zone Ltd (APSEZ). - AFPApollo Hospitals Group founder Dr Pratap C Reddy (in pic) have assigned responsibilities to each of his four daughters- Preetha, Suneetha, Shobana and Sangita. The eldest, Preetha, has been named the successor of the hospital chain.Grandhi Mallikarjuna Rao, founder Chairman of the GMR Group, has his sons Kiran Kumar Grandhi and G.B.S Raju serving in the same group. While Kiran serves as the Chairman of the Highways and Urban Infrastructure, elder brother Raju is the Chairman of the Energy department. - DCFounder Chairman of Jet Airways, Naresh Goyal (in pic) has inducted his son, Nivaan Goyal, into the Jet family. He starts off as a management trainee at Jet. - AP
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