Business tycoon Sunjay Kapur's recent passing has not only impacted the business and entertainment industries but has also raised questions about the future of his company, Sona Comstar. As the former spouse of Bollywood actor Karisma Kapoor, Kapur was at the helm of one of the largest auto component manufacturers globally. His demise led to a decline in the company's stock prices, sparking discussions about succession and inheritance.
Sunjay Kapur, who was the chairman of Sona Comstar, took over the reins after his father's death in 2015 and played a pivotal role in expanding the company's presence in new markets. With a market capitalization of approximately ₹31000 crore (close to $4 billion), Sona Comstar faced a 7% drop in its shares following Kapur's passing.
In response to Sunjay Kapur's death, Sona Comstar released a statement emphasizing his significant contributions to the company and ensuring stakeholders that operations would continue smoothly. While the official successor to Kapur has not been announced, reports suggest that his sisters might step into management roles, supported by the existing board.
Despite having three children, Kapur's two kids with Karisma Kapoor, Samaira and Kiaan, aged 20 and 14 respectively, are not involved in the company's affairs. His youngest son, Azarias, aged 6, is also not expected to take over the business at this time. As for Sunjay Kapur's personal wealth, estimated at ₹10300 crore ($1.2 billion) by Forbes, his wife Priya Sachdev is set to manage his estate. Additionally, Samaira and Kiaan have been provided for through legacy planning, receiving bonds worth ₹14 crore and a monthly income of ₹10 lakh each.
Sunjay Kapur, who was previously married to Nandita Mahtani from 1996-2000 and Karisma Kapoor from 2003-16, tied the knot with Priya Sachdev in 2017. Tragically, he passed away at the age of 53 due to a heart attack while playing polo in London.
Source: Hindustan Times