Sunjay Kapur's death: How rich was he & who will inherit his wealth?
Sunjay Kapur death: The unexpected death of Sunjay Kapur has left a deep void in the Indian business world. Known for leading one of the most powerful auto parts companies, Sunjay was also famous for his high-profile personal life, especially his marriage and divorce from Bollywood actress Karisma Kapoor. After news of Sunjay Kapur's death, many are curious about his enormous net worth, business empire, and who will inherit his wealth.
Sunjay Kapur's Rs 31,000 Crore Business Empire
Sunjay Kapur was the chairman of Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading manufacturer of automotive components. After his father passed away in 2015, Sunjay took over and successfully expanded the company's reach to global markets. Under his leadership, Sona Comstar became one of the top players in the global auto component industry.
According to Bloomberg, Sona Comstar's market value was around Rs 31,000 crore (approx. $4 billion) at the time of his passing. However, the stock market reacted sharply to the news of his death, causing the company's shares to fall by 7% on Friday morning.
To address concerns, the company issued a statement saying,
'His vision and dedication built a strong foundation. We remain committed to carrying forward his legacy and assure all stakeholders that our operations will continue as normal.'
Who Will Now Lead Sona Comstar?
Sunjay Kapur leaves behind three children: Samaira (20) and Kiaan (14) from his marriage with Karisma Kapoor, and Azarias (6) with his third wife, Priya Sachdev. None of the children are currently involved in the company, so leadership changes are not expected within the family right away.
As per India.com, Sunjay Kapur's sisters might play a more active role in managing the company, while the existing board will continue to oversee daily operations.
What Was Sunjay Kapur's Net Worth?
At the time of his death, Sunjay Kapur had a personal net worth of $1.2 billion, which is approximately Rs 10,300 crore, according to Forbes. In recent years, his fortune had even touched $1.6 billion (Rs 13,000 crore), placing him among the richest businessmen in India's auto sector.
His wealth included real estate, investments, company shares, and other high-value assets.
Who Will Inherit Sunjay Kapur's Wealth?
The big question on everyone's mind after Sunjay Kapur's death is — who will inherit his wealth?
As per a report by Hindustan Times, his wife Priya Sachdev is likely to manage his estate. However, Sunjay had reportedly made sure that all three of his children were financially protected.
He had already gifted Rs 14 crore worth of bonds to his children from Karisma Kapoor. On top of that, both Samaira and Kiaan are believed to receive a monthly income of Rs 10 lakh each. The exact legal details of his will or inheritance plan have not been made public yet.
Sunjay Kapur's Personal Life: A Quick Look
Sunjay Kapur's personal life was often in the spotlight. He first married fashion designer Nandita Mahtani in 1996, but the two divorced in 2000. In 2003, he married Bollywood actress Karisma Kapoor, with whom he had two children. After a bitter divorce in 2016, Sunjay went on to marry Priya Sachdev in 2017, and the couple had a son together.
Complications Around Sunjay Kapur's Funeral
Reports suggest that Sunjay Kapur's funeral will be held in New Delhi, but the arrangements are currently delayed due to legal issues. Since Sunjay was a US citizen and died in London, paperwork is required before his body can be flown back to India.
A source told NDTV, 'Due to his American citizenship, there may be delays in repatriating the body to India.'
The death of Sunjay Kapur has not only affected the auto industry but also raised several questions about his wealth, legacy, and who will inherit his fortune. As the legal formalities proceed, the business world and his loved ones continue to honour his remarkable journey and achievements.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
37 minutes ago
- United News of India
Sampre Nutritions Ltd Plans Strategic Fundraising Initiative to Drive Growth and Expansion
New Delhi [India], June 21: Sampre Nutritions Ltd (BSE: 530617), a leading confectionery manufacturer, has proposed fund raising initiative through various modes such as preferential issue. Communicated earlier this year to BSE, the company is likely to hold Board of Directors meeting in near future, for the shareholders to consider and approve plans for raising funds via issuance of eligible securities. The proposed capital raise may involve issuance of eligible securities of the company, in one or more ways, through public and/or private offerings, including by way of preferential issue, qualified institutions placement and / or further public offering, subject to such approvals as may be required, including approval of the shareholders of the Company. The aim is to strengthen the company's financial structure and support its ongoing expansion and diversification efforts. The management of the company commented 'This is an important step in our journey as we explore ways to expand operations, extend market penetration, and invest in long-term growth. The fundraising initiative highlights our commitment towards building a stronger, more resilient future at Sampre Nutritions Limited' As part of the process, the Board will also consider convening an Extraordinary General Meeting (EGM) or initiating a postal ballot to seek shareholder approval. Earlier in April 2024, the company successfully allotted 17 lakh equity shares at Rs 36 each following the conversion of warrants issued on a preferential basis. On October 14, 2024, the Board approved the conversion of 85 Foreign Currency Convertible Bonds (FCCBs), originally allotted on June 28, 2024, into equity shares. This resulted in the allotment of 1,19,42,116 fully paid-up equity shares of face value of Rs 10 at a conversion price of Rs 59.84 per share, increasing the company's paid-up capital to Rs. 2.09 crore comprising of 20,91,212 equity shares of face value of Rs. 10 each. Subsequently, in October 2024, the company received in-principle approval from BSE for listing of 89,91,711 equity shares of face value of Rs 10 each at a price of Rs 59.84 per equity share. Along with this, the company also received approval for issuance of 10,00,000 warrants convertible into equity shares of face value of Rs 10 each at a price of Rs 60.50 per equity share on a preferential basis. In November 2024, the company approved the allotment of 8,40,000 warrants on a preferential basis to non-promoters at a price of Rs 60.50 per warrant, each convertible into one equity share of face value Rs 10. The company was also awarded the Certificate of Recognition under the India 5000 Best MSME Awards 2024 for excellence in quality, customer satisfaction, and societal impact. The company recently announced its Q4 FY25 and FY25 consolidated financial result. The consolidated revenue from operations remained stable at Rs 25.12 crore. The company reported a consolidated net loss of Rs 7.67 crore, mainly on account of investment into subsidiaries and higher finance costs. For Q4 FY25, company reported revenue of Rs 7.76 crore, a growth from Rs 4.76 crores reported in Q4 FY24. About Sampre Nutritions Ltd: Incorporated in 1991 and headquartered in Medchal, Telangana, Sampre Nutritions Ltd is engaged in manufacturing complete range of confectionery, éclairs, candies, lollipops, toffees, powder and centre filled products. The company is instrumental to deliver the growing volumes for most of the MNC's and beside producing its own brand. The group is one stop shop for complete range of confectionary productions. It has multiple MNC's as their clients as Mondelez India Pvt Ltd, Perfetti Van Melle, Reliance, DS Group, Nestle to name a few… The promoter is also the President for Indian Confectionery Manufacturers Association and is into the industry for the past 4 decades Sampre Nutrition is the first ISO certified company in South East Asia in this category since 1995 and is the 1st HACCP Certified Company by BVQI and FSSA Version 6 certified company with receiving Multiple Quality Awards World Wide. Further the company is associated with Mondelez India Pvt Ltd for manufacturing Eclairs for the past 30 Years and the Sole Manufacturer for Eclairs for the past 8 years for India, China and South African Market.
Time of India
38 minutes ago
- Time of India
Coimbatore gets additional district consumer commission
COIMBATORE: Coimbatore has got an additional district consumer disputes redressal commission to ensure speedy disposal of pending cases at the principal district commission. Tired of too many ads? go ad free now As many as 58 cases have been transferred to the newly established additional commission so far. An official source said all pending cases from 2023 and 2024, which are ready for arguments at the principal district commission, were allocated to the additional commission for disposal. The additional commission began functioning on June 16. It is functioning from Room No 7 on the first floor of the old building on the collectorate campus. It will function three days a week—from Monday to Wednesday. However, sources noted that the additional commission lacks adequate space and is currently operating from a single room, making it difficult for the staff to maintain records or even find space to sit. Every year, around 500 new cases are filed at the principal district commission. At present, approximately 350 cases are pending before it. 'District commissions shall have jurisdiction to entertain complaints where the value of goods or services paid as consideration does not exceed Rs 50 lakh. The Consumer Protection Act, 2019, stipulates that every complaint shall be disposed of as expeditiously as possible, and an endeavour shall be made to decide the complaint within three months from the date of receipt of notice by the opposite party,' the source added.
Fashion Value Chain
38 minutes ago
- Fashion Value Chain
Butterfly Unveils a Bold New Identity That Celebrates Change and Champions the Original You
Butterfly, one of India's most trusted kitchen appliance brands, is turning a new page. With a refreshed brand identity, a renewed purpose, and a sharper understanding of today's ever-evolving consumer. Butterfly New Logo At the heart of this refresh is a symbol as timeless as it is transformative-the fingerprint. Merging beautifully into the wings of a butterfly, the evolved icon reflects the brand's core belief: that while life changes, one's essence remains. It is this personal imprint-one's way of thinking, cooking, creating, and living-that Butterfly now celebrates. This new era of Butterfly speaks directly to consumers with a 'zillenial' attitude to life-self-aware individuals who embrace transformation while staying rooted in who they are. For them, change is constant-but authenticity is non-negotiable. The brand aims to focus not on age, but on attitude by moving beyond demographics to psychographics-because a zillenial mindset isn't defined by numbers, borders or genders but by how one embraces change. Butterfly's refreshed positioning, 'Celebrating Change', reflects a deep understanding of modern Indian homes, where shifting roles, hybrid lifestyles, and tech-integrated living are the norm. As a subsidiary of Crompton, one of India's leading names in home solutions, Butterfly is now equipped to bring intuitive and purposeful innovations that transform everyday experiences in the kitchen and beyond. 'For over 40 years, Butterfly has been a part of millions of kitchens across India. Today, as homes become more fluid and identities more self-defined, our new identity reflects not just who we are-but who we're here for,' said Swetha Sagar, Chief Business Officer, Butterfly. The new Butterfly logo is more than just a symbol-it's the mark of millions of consumers, retailers, dealers, employees and designers who are making the Butterfly products. Crafted from the distinct swirls of a fingerprint, the wings of the butterfly now carry the story of every individual it touches. It's a tribute to the idea that no matter how much life shifts, one's identity leaves a mark-on choices, kitchen and the everyday rhythm. 'This is more than a rebrand. It's a reimagining of what it means to belong in a modern Indian kitchen. Butterfly is for the originals. The ones who grow, shift, and adapt, but never lose the essence of who they are.' she said. From mixer grinders to cooktops, Butterfly's product range is undergoing a transformation across categories-designed to be more intuitive, durable, and design-forward, catering to the changing rhythms of contemporary households. The brand's commitment remains the same: to improve everyday life by providing intelligent solutions that understand and evolve with the consumers. About Butterfly Gandhimathi Appliances Ltd. 'Butterfly' is amongst the Top 3 Brands in India in kitchen and small domestic appliances. It is a reputed brand with high consumer recall in South, known for Aesthetics and Product Quality. It has diverse product portfolio, with variants adapted to meeting consumer needs. It has 4 core products – Mixer Grinders, Pressure Cookers, Gas Stove, Wet Grinders and backed by a full suite of small domestic appliances. It has state of art in-house manufacturing setup with strong backward integration.
