What is Sunjay Kapur’s company Sona Comstar known for? How much inheritance will ex-wife Karisma Kapoor receive?

Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday said that the board proceeded with the Annual General Meeting (AGM) despite a postponement request from Rani Kapur, late Chairman Sunjay Kapur’s mother, based on legal counsel. In a stock exchange filing, the Haryana-based company said Rani Kapur is not a shareholder and no documents were signed or obtained from her by the firm. Now, in another update, Shareholders of auto components firm Sona BLW Precision Forgings Ltd have approved the appointment of Priya Sachdev Kapur as a non-executive director with the requisite majority. The company confirmed the decision in a filing to the BSE that was made in an Annual General Meeting (AGM), which took place on July 25.

Who is Priya Sachdev? What is her connection with Sona Comstar?

Priya married Sunjay Kapur, Karisma Kapoor’s ex-husband, in 2017. Currently serving as Director at Aureus Investment Private Limited, she plays an active role in shaping its investment strategy, according to the statement on the official website of  Sona Comstar. Priya began her career at Credit Suisse First Boston in London as an M&A analyst, before returning to India to lead ventures in automotive retail, insurance, and later, high fashion. She founded TSG International Marketing Pvt. Ltd., bringing global fashion houses like Moschino, Lanvin, and Jean Paul Gaultier to India, and co-created Rock N Shop, one of the country’s first luxury e-commerce platforms.

What is the total value of Sona Comstar? What does it do?

According to Bloomberg, Sona Comstar had a market cap of Rs 2.9 lakh crore (Rs 290,000 crore). If you’re wondering, what is Sona Comstar? Sona Comstar is a premier automotive technology company that produces electric vehicle components and drivetrain systems.

Sona BLW Precision Forgings Limited (Sona Comstar) is one of the world’s leading mobility technology companies, designing, manufacturing, and supplying highly engineered, mission-critical, high-quality, complex, and bespoke systems and components for global mobility OEMs for both electrified and non-electrified powertrain segments. As per the website, the company operates 11 manufacturing and assembly facilities across India, the US, Mexico, and China.

What accusations does Rani Kapur, mother of Sunjay Kapur, claim?

Rani Kapur had written to the Board of Directors and Shareholders of Sona Comstar to refrain from the appointment of any Director(s) in the Company or any other Sona Group Company and further unconditionally defer the AGM, scheduled for Friday. In her letter, Rani Kapur alleged she was coerced to sign some documents which are being misused to wrest control of the company and usurp the family legacy after her son’s death. She stated that as per the ‘Will’ left behind by her late husband, Dr Surinder Kapur, the founder of Sona Comstar and the Sona Group, she is the majority shareholder in the company and thereby the only authority to represent the interests of the family in the company/Sona Group.

“It is unfortunate that while the family and I are still in mourning, some people have chosen this as an opportune time to wrest control and usurp the family legacy,” the letter said. The firm works in the components for electric and hybrid vehicles sector as a supplier of spare parts for global major automotive conglomerates like Tesla, Jaguar, and Land Rover.

What role did Sunjay Kapur hold in Sona Comstar?

Sunjay Kapur joined the board of Sona Comstar as a Director in 2006 and became Managing Director in 2015. During his time as Managing Director, Sunjay not only guided the company out of debt but established it in many territories including the USA, China, Serbia, and Mexico. He successfully listed the company stock on the stock exchange in 2019.

According to Forbes, Sunjay Kapur had a net worth of Rs 10,300 crore. He had luxury residences in Pali Hill (Mumbai), Emirates Hills (Dubai), and Mayfair (London), and owned luxury cars valued at Rs 25 crore.

According to the official website of Sona Comstar, in 2015, Mr. Kapur assumed the role of Managing Director following the passing of his father and the Company’s founder, Dr. Surinder Kapur. At a time when the Company was navigating significant financial challenges, he led its turnaround by stabilizing finances, expanding export business, and transforming its product portfolio from conventional differential gears to integrated electric vehicle driveline solutions. “Under his chairmanship, Sona Comstar expanded its global footprint across India, the USA, Mexico, China, and Serbia, successfully listed on BSE Ltd. and the National Stock Exchange of India Ltd., and entered future mobility domains such as sensors and software through the acquisition of a majority stake in Novelic, reads the website.

Will ex-wife Karisma Kapoor receive any share?

There is often a question as to whether actress Karisma Kapoor will receive a share of any inheritance. The answer is no. Karisma was given a settlement of Rs 70 crore at the time of her divorce. There were Rs 14 crore of bonds purchased in each of their children, Samaira and Kiaan’s names. Additionally, she was given a monthly allowance of Rs 10 lakh. With those details in mind, there is very little chance she will benefit further from the property.

Sona Comstar is a public limited company with 71.98 per cent public shareholding and 28.02 per cent held by its corporate promoter, Aureus Investments Private Limited (AIPL), reported news agency IANS.

(With Agencies Inputs)

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