Latest news with #SonaBLWPrecisionForgingsLtd
Time of India
6 days ago
- Automotive
- Time of India
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 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
Time of India
13-06-2025
- Automotive
- Time of India
Sona BLW Precision shares end nearly 2% lower
Shares of automotive technology firm Sona BLW Precision Forgings Ltd ( Sona Comstar ) declined nearly 2 per cent on Friday, a day when the company announced the untimely passing of its Chairman and Non-Executive Director Sunjay J Kapur . Sona Comstar in a statement said, "It is with profound sorrow that we announce the untimely passing of Sunjay J Kapur Chairman and Non-Executive Director of Sona Comstar, following a sudden heart attack in England, UK, on 12th June 2025, at the age of 53." The stock dropped 1.55 per cent to settle at ₹503 on the BSE. During the day, it tanked 7.70 per cent to ₹471.55. At the NSE, shares of the firm went lower by 1.76 per cent to settle at ₹501.85. Intra-day, it tumbled 8.39 per cent to ₹467.95. A visionary leader, Kapur played a pivotal role in shaping Sona Comstar into a global mobility technology company built on innovation, sustainability, and purpose, the statement added. He was a visionary leader and a compassionate person whose guidance shaped Sona Comstar's success, Sona BLW Precision Forgings Ltd (Sona Comstar) said in a regulatory filing on Friday. "We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honour his legacy," the auto components firm stated. Founded in 1995, Sona Comstar is a leading automotive technology firm. The Gurgaon-based firm is a global supplier with manufacturing and assembly facilities, R&D centres and engineering capability centres across India, the US, Serbia, Mexico, and China. Sona Comstar primarily designs, manufactures, and supplies automotive systems and components to automotive OEMs (original equipment manufacturers). The company is a leading supplier to the fast-growing global electric vehicle market . PTI
Time of India
13-06-2025
- Entertainment
- Time of India
Who is Priya Sachdev? Know about the late Sunjay Kapur's 3rd wife's education qualification, career, and more
Know about Priya Sachdev: As the elegant model-turned-actor wife of the late industrialist Sunjay Kapur, Priya Sachdev has gained prominence in Bollywood circles and business headlines. In addition to navigating high-profile relationships, public attention, and emotional resilience, Priya is remembered for her elegance and glitz. She is still a fascinating character in her own right, whether she was on screen with Kareena Kapoor early in her career or has been with Sunjay more recently. Her narrative is a testament to change, perseverance, and connection in the face of loss, as fashion and social circles take note. Discover why the public finds Priya Sachdev's life, which is entwined with celebrity, family, and reinvention, so fascinating by reading on. Who is Priya Sachdev? Priya Sachdev is a well-known Indian-American model, actress, and successful businesswoman who was the late industrialist Sunjay Kapur's second wife. She was born in New York on December 15, 1977, and grew up in Delhi. Priya had a daughter named Safira from her former marriage to hotelier Vikram Chatwal, which lasted from 2006 to 2011. Later, in April 2017, she wed Sunjay Kapur, and in December 2018, they welcomed a son, Azarias. In private, Priya is regarded as a graceful person in Bollywood and fashion circles, and she has close ties to her blended family, which includes Karisma Kapoor's kids. Priya Sachdev's education qualification Priya Sachdev's career In the 2000s, she began working in the entertainment sector as a model for a number of advertisements and commercials, such as Lux Body Wash by Kareena Kapoor. Priya went on to make her Bollywood debut, which is still her only movie to this day. In the 2005 film Neal 'n' Nikki, directed by Yash Raj, she played a supporting role. She played the on-screen romantic interest of the main actor, Uday Chopra. Actor Tanishaa Mukherji, Kajol's sister, also starred in the movie. Priya Sachdev has made a name for herself in the fashion sector and owns a number of upscale fashion boutiques throughout India, in addition to her previous film roles. She is also active on social media, where she regularly posts inspirational stuff, particularly fitness-related content, and shares pictures of herself with her family. Priya Sachdev's family Priya married industrialist Sunjay Kapur in April 2017, becoming his third wife following his previous marriages to Nandita Mahtani and Karisma Kapoor. The couple welcomed a son named Azarias in December 2018. From her first marriage to hotelier and actor Vikram Chatwal, Priya has a daughter named Safira. Sunjay Kapur's death According to sources, Sunjay passed away after inadvertently ingesting a bee, which may have caused inflammation. Sona Comstar, the chairman of the auto components company, had earlier verified the news of Sunjay Kapur's passing. In a regulatory statement, Sona BLW Precision Forgings Ltd (Sona Comstar) stated, "With deep sorrow, we announce the passing of our esteemed Chairman and Non-Executive Director, Sunjay Kapur, on June 12, 2025, in England, United Kingdom." To stay updated on the stories that are going viral follow Indiatimes Trending.
Mint
13-06-2025
- Business
- Mint
Who is Sunjay Kapur's second wife Priya Sachdev? The model-actor he married after divorce with Karisma Kapoor
Businessman Sunjay Kapur died on Thursday after suffering a heart attack. He was the ex-husband of Bollywood actor Karisma Kapoor. He was 53. He is survived by his second wife, Priya Sachdev and their son Azarias. Sunjay died after swallowing a bee accidentally, which might have caused irritation, as per reports. The news of Sunjay Kapur's death, the chairman of auto components firm Sona Comstar, was confirmed by the company earlier. "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Sunjay Kapur, on June 12, 2025, in England, United Kingdom," Sona BLW Precision Forgings Ltd (Sona Comstar) said in a regulatory filing. Sunjay Kapur married Karisma Kapoor in 2003. They held a lavish wedding ceremony at the Kapoor family house, The Krishna Raj Bungalow. Together, Sunjay and Karisma welcomed their first child, daughter Samaira on 11 March 2005. Later in 2011, their son Kiaan was born. In 2014, Karisma and Sunjay filed for divorce which was highly publicised. After a long legal battle, the two finalised their divorce in 2016. A year after their divorce, Sunjay tied the knot again. He married model-turned-actor Priya Sachdev. They have a son, Azarias. Hailing from Delhi, Priya Sachdev is a socialite. Daughter of car dealer Ashok Sachdev, Priya has a degree in business management from the London School of Economics. She started her career in the entertainment industry in the 2000s as a model in several commercials and ads, including Kareena Kapoor's Lux Body Wash. Later, Priya made her Bollywood debut which remained her only film to date. She starred in a supporting role in the 2005 Yash Raj film Neal 'n' Nikki. She starred as the lead actor Uday Chopra's on-screen love interest. The film also featured Kajol's sister, actor Tanishaa Mukherji. Before Sunjay, Priya was married to American hotelier and actor Vikram Chatwal. They got hitched in 2006 and welcomed a child together, Safira Chatwal. In 2022, Priya and Vikram divorced. Over the years, Sunjay was seen spending time with his kids from the first marriage. Despite the divorce, Karisma and Sunjay came together last year to celebrate their daughter's birthday. She had turned 18. Sunjay attended the get-together with his wife Priya and their son Azarius. Sharing the pictures from his daughter's 18th birthday, Sunjay had posted on X, formerly Twitter, 'A father holds his daughter's hand for a short while, but he holds her heart forever. Happy 18th birthday to my first love, Samaira. Welcome to adulthood. Remember to be responsible and live your life to the fullest. You are beautiful inside out. And we are all so proud of you.'
Mint
13-06-2025
- Business
- Mint
Sona BLW Precision Forgings shares fall almost 8% after Chairman Sunjay Kapur's passing
Shares of Sona BLW Precision Forgings Ltd (Sona Comstar) plunged nearly 8 percent in intra-day trade on Friday after the company announced the demise of its Chairman and Non-Executive Director, Sunjay Kapur. The stock touched a low of ₹500.45 during the session, reacting to the sudden development that cast a temporary shadow on investor sentiment. In a filing to the stock exchanges, the company confirmed that Kapur passed away in England, United Kingdom. 'Sunjay was a visionary leader and a compassionate person whose guidance shaped Sona Comstar's success. His values and dedication to excellence have left a lasting legacy,' the company said. It also assured stakeholders that operations, growth prospects, and leadership continuity remain intact. The immediate drop in share price highlights market sensitivity to leadership transitions, especially in innovation-led companies like Sona Comstar that are closely aligned with the evolving electric vehicle (EV) sector. Although the company affirmed that its operations and long-term outlook remain unchanged, investor caution prevailed in the short term. Sona Comstar further emphasized its commitment to advancing Kapur's legacy and vision. 'We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar,' the company stated in its regulatory disclosure. Sunjay Kapur was a key figure not only at Sona Comstar but also across multiple boards. He held directorship positions in firms such as Jindal Steel & Power Limited, Osborne Agri Company Private Limited (UK), and Aureus Investment Private Limited, among others. His influence extended beyond corporate circles; he was also previously married to Bollywood actress Karisma Kapoor. Brokerage view Adding to the pressure on the stock, foreign brokerage Bernstein downgraded Sona Comstar to 'Market Perform' and assigned a price target of ₹540. The brokerage cited several near-term global risks that could affect the company's performance. These include escalating tensions between former US President Donald Trump and Tesla CEO Elon Musk, legislative efforts in the US to roll back EV subsidies, and India-US trade headwinds. Bernstein highlighted that over 75 percent of Sona Comstar's order book is linked to the EV segment, leaving the firm highly exposed to policy and geopolitical changes. With growing competition from Chinese OEMs and uncertainty in the US EV landscape, the brokerage warned that earnings could be under pressure. It also noted that the recent rally in the stock may limit further upside in the near term. After gaining 13 percent in May and 4 percent in April, the stock has declined around 8 percent in June so far. Stock Performance On Friday, the auto ancillary stock hit a low of ₹500.45, down 7.7 percent. It now trades nearly 35 percent below its 52-week high of ₹767.80, recorded in September 2024. Its 52-week low stands at ₹379.80, hit in April 2025. The scrip has fallen 23 percent over the past 12 months. Before the short-lived recovery in April and May, the stock remained in the red for six straight months between October 2024 and March 2025.
