Strategic Impact of New

Generation in top 25
Business Groups of India
About the Project
In this project we aim to look at the following things:

- First, we dive into the history of these Business groups to understand their expansion and
diversification patterns

-Then we look at the structure of various business segments of the group

-We now move on to analyze the Leadership involving the old and new generation of leaders

-Lastly, we understand the sectoral focus on the new generation and look at the inorganic
growth strategies used by them to support their vision
Reliance Industries
 Brief about the company
 It was founded in 1954 in Mumbai, Maharashtra
It was founded by Dhirubhai Ambani
1957 1980 2000 2002 2004

Dhirubhai Ambani Reliance Sets up its first Reliance commissions Reliance Industries unlocked a Reliance emerges as the first
returns to India and petrochemical and the world’s largest significant new energy and only private Indian
starts a yarn trading polyester filament plant grassroots refinery- The resource for India through its organisation to be listed in the
business in Mumbai. in Patalganga. Jamnagar refinery. deep-sea gas discovery. Fortune Global 500 ® list under
Reliance also enters the the leadership of Mukesh D.
InfoComm Business. Ambani

2023 2021 2016 2010 2006

Isha Ambani, Akash Ambani Reliance announces the US$ 10 Reliance launches commercial Reliance Foundation is Reliance enters the retail
and Anant Ambani join the billion New Energy business services of Jio, the largest established, helping millions business with Reliance Retail
Board of Directors of RIL. Jio and begins developing the greenfield digital development under the leadership of Nita M. and becomes the largest
Financial Services forms JV with Dhirubhai Ambani Green project in the world. Ambani as Founder and retailer by revenue in eight
BlackRock Energy Giga Complex Chairperson. years.
 Corporate Structure
Holding Company

Oil 2 Media and Others

Retail Digital Services
Chemicals Energy Entertainment
and Telecom
Subsidiary
 Leadership Structure
New Generation
Older Generation of Leaders of Leaders

Mukesh D Ambani
Top Executives (Chairman and MD)

Executive Directors

Hital R Meswani Nikhil R Meswani P M S Prasad Anant M Ambani

Non-Executive/ Shumeet Arundhati KV K V Kamath Haigreve Dinesh Isha M Ambani Akash M Ambani
Banerji Bhattacharya Chowdary Kanabar
Independent Directors Khaitan

HE Yasir
 Isha M Ambani
Qualifications Positions of Responsibility
 Graduated from Yale University She is part of the executive leadership teams as a Member of the Board at Reliance Retail Ventures Limited,
with a double major in
Reliance Jio Infocomm Limited, Jio Financial Services Limited and Reliance Foundation (RF), Reliance
Psychology and South Asian
Studies Foundation Institution of Education and Research, and Dhirubhai Ambani International School.
 MBA from Stanford University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Her primary focus is on expanding Reliance’s presence in retail,
e-commerce, and digital services. Under her leadership, Reliance Digital
Retail has grown to operate over 18,500 stores across India.

 She has been instrumental in launching and scaling platforms

such as grocery e-commerce, fashion, beauty, hyperlocal Fashion, Beauty, E-
delivery, online pharmacy, electronics, and apparel Commerce
 Isha has also driven RRVL’s omnichannel strategy, integrating
online and offline retail, and has led the acquisition of stakes in Retail
major Indian fashion brands.

 Isha has played a significant role in Jio’s launch and growth,

including the rollout of digital platforms like positioning Reliance Digital Platforms
as a major player in India’s digital transformation.

 She has contributed to initiatives that empower women through

digital access, such as partnerships with global organizations like Social Empowerment
GSMA
 Akash M Ambani
Qualifications Positions of Responsibility
 Graduated from Brown Serving as the Chairman of Reliance Jio Infocomm Limited (RJIL) since June 2022, He was earlier serving as
University, USA with Bachelor’s non-Executive Director on RJIL board since October 2014. He also serves on the Board of Jio Platforms
in Economics
 Member of the President’s Limited, Reliance Industries’ digital services business. Akash M. Ambani is part of the RJIL Executive
Leadership Council of the Committee, the governing and operating council. He is also a member of the Product Leadership Group and
Brown University. is closely involved in the development of Products and all digital services applications.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He has been instrumental in Jio’s rapid growth, digital
transformation, and its disruption of the Indian telecom market Digital
with affordable data and mobile services

 His vision for Jio has centered on building a robust digital

ecosystem, with investments in 5G, IoT, and open-source
Information
network architectures Technology

 Akash is involved in advancing renewable energy ambitions, Renewable

including clean energy solutions and battery technology, aligning
Energy
with the company’s long-term sustainability goals

 Akash has driven Reliance’s expansion into technology platforms,

including digital content, cloud services, and enterprise solutions Digital Platforms
 Akash’s leadership also extends to Reliance Retail, where he
supports the digital transformation of the retail business and the
integration of technology into consumer-facing platforms Social Empowerment
 Anant M Ambani
Qualifications Positions of Responsibility

He serves as a Director on the Boards of Jio Platforms Limited since March 2020, Reliance Retail Ventures
 Graduated from Brown
University, USA.
Limited since May 2022 and Reliance New Energy Limited since June 2021. He also serves on the Board of
Reliance Foundation since September 2022.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 His leadership centers on advancing RIL’s transition toward green
energy, including clean fuels, green hydrogen, carbon capture,
recycling, and the enhancement of crude-to-chemical processes

 Anant is also engaged in the development of new energy

businesses, such as giga factories for solar, batteries, and
Renewable
hydrogen, as well as supporting RIL’s net-zero carbon emissions Energy

 In addition to energy, Anant plays a strategic role in retail and

manufacturing, reflecting RIL’s integrated approach to future RNEBL
growth
LPTL
The Reliance ADA
Group
 Brief about the company
 It was founded in It was founded by

1926 1945 1948 1960s 1970 2009 2007 2015 2020 2010

Bajaj Group Bajaj Auto was Bajaj Expansion into Launch of Bajaj First Best Bajaj Finserv Bharti Retail Infratel Acquired Reva
founded by established and Electricals steel and sugar Chetak Price store is was Acquired by merges with Electric Car
Jamnalal Bajaj expansion in was industries opened in established Future Indus Towers Company
with trading and automative sector established Amritsar Group
textiles

2023 2022 2021 2020 2018 2016 2013

Global Launch of Launch of Relaunch of Revival of Jawa

Acquisition of Merger of Tech
expansion of Scorpio N Suv XUV700 Thar SUV Motorcycle Sampo Mahindra and
EV Category SUV brand Rosenlew Mahindra
Satyam
 Corporate Structure
Holding Company

Power Infrastructure Financial Services Entertainment Communications Health Realty

Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Anil Ambani
Top Executives Chairman

Executive Directors
Jai Anmol Jai Anshul
Ambani Ambani

Non-Executive/
Independent Directors
 Jai Anmol Ambani
Qualifications Positions of Responsibility
 He studied at Cathedral and
John Connon School in He is a key executive within the Reliance Anil Dhirubhai Ambani Group (Reliance ADA Group), has been
Mumbai, Sevenoaks in the UK, actively involved in the group’s revival efforts, focusing on financial services, renewable energy, defence,
and earned a BSc. from and infrastructure.
Warwick Business School

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He has been instrumental in Reliance Capital’s operations,
focusing on insurance, asset management, and wealth Finance
management.

 Jai Anmol supports Reliance Power’s pivot to renewable energy, Renewable

particularly solar and battery storage. Energy

 A key initiative includes a partnership with Germany’s

Rheinmetall AG to establish a factory in Maharashtra’s Dhirubhai Defense
Ambani Defence City

 Jai Anmol supports projects in national highways, metro rail

systems, and power transmission. Materials
 Jai Anshul Ambani
Qualifications Positions of Responsibility

Sagar Adani currently oversees organisation building as well as all strategic and financial matters of Adani
 Bachelor of Economics from
Brown University, USA
Green Energy Ltd. He is credited with building the entire solar and wind portfolio of Adani Green Energy
Ltd.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Jai Anshul is actively involved in Reliance Nippon Life Insurance
and Reliance Capital Asset Management, focusing on insurance Finance
and wealth management.

 Despite the insolvency of Reliance Capital in 2021, Anshul

contributes to restructuring efforts to strengthen the group’s Reconstruction
financial services portfolio

 Anshul supports the group’s pivot to renewable energy,

Renewable
including solar and battery energy storage systems (BESS)
Energy

 Anshul contributes to Reliance Defense, focusing on

Defense
propellants, explosives, and defense equipment.
The JSW Group
 Brief about the company
 It was founded in 1982 in Tarapur, Maharashtra
It was founded by Om Prakash Jindal
1982 1994 1999 2008 2009

The JSW Group was Jindal Vijayanagar Steel Limited (JVSL) JSW Infrastructure was founded
JSW Group ventured In 2009, JSW Group entered
founded in 1982 when was established at Toranagallu in the to construct and operate
into a rebar joint the cement business by
Jindal acquired a re- Bellary–Hospet region of Karnataka. airports, shipyards, townships,
venture in Georgia establishing JSW Cement and
rolling mill located JSW Energy Limited was established as roads and rail connectivity and
established production
in Tarapur, Maharashtra. a power company other infrastructural facilities.
facilities in various locations

2024 2021 2019 2018 2014

JSW Group entered the non- JSW Steel Italy acquired a stake JSW Group established JSW JSW Group purchased Italy's Welspun Maxsteel was
ferrous metals sector by adding in GSI Lucchini and set a CO2 Paints with a total investment Aferpi. Also, investments acquired to expand JSW’s
copper to its metal portfolio reduction target for 2030. of ₹600 crore were made in a greenfield portfolio
through the acquisition of two Texas plant and the takeover
Jharkhand copper mines of bankrupt Bhushan Power.
from Hindustan Copper
 Corporate Structure
Holding Company

Steel Energy Infrastructure Cement Paints Financial Venture Real Sports B2B
Services Capital Estate Commerce
Subsidiary
 Leadership Structure
New Generation
Older Generation of Leaders of Leaders

Savitri Jindal Sajjan Jindal Sangita Jindal Parth Jindal

Top Executives Chairperson, Chairman and MD, Chairperson, MD,
JSW Group JSW Steel,Infra JSW Foundation JSW Cement,
Sports
JSW Steel JSW Infra JSW One

Executive Directors

Jayant Acharya Arun Maheshwari Gajraj Singh Rinkesh Roy Lalit Singhvi Gaurav Sachdev

Anoop Amitabh
Non-Executive/ Haigreve Seturaman Nirupama Mittal Sharma
Khaitan Mahalingam Rao
Independent Directors

Marcel Sushil Anita Ameeta

Fasswald Roongta Belani Chatterjee
 Parth Jindal
Qualifications Positions of Responsibility
 Graduated from Yale University
with a double major in
MD of JSW Paints and previously on Board of JSW Cements, USA. He is also on the Board of JSW Energy and
Psychology and South Asian
Studies JSW Sports
 MBA from Stanford University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 As Managing Director of JSW Paints, Parth launched the company
in 2019, establishing manufacturing facilities for paints, and Paints
introducing innovations

 Parth played a key role in the turnaround in JSW Steel’s US

operations. He has focused on reducing JSW’s dependence on Steel
Chinese suppliers and strengthening manufacturing capabilities

 JSW Cement has aggressively expanded capacity, invested in

green cement technologies, and pursued international
Cements
expansion.

 Under his vision, JSW Sports has acquired stakes in major

franchises and expanded into women’s cricket Sports

 Parth is a Director on the Board of JSW Energy, contributing to

the group’s diversification into power and renewable energy JSW Energy
The Ratan Jindal Group
 Brief about the company
 It was founded in 1952 in Howrah, West Bengal
 It was founded by Om Prakash Jindal
1952 1970 2002 2005 2011 2024
1975 2003 2014 2020

O.P. Jindal Jindal Strips Ltd indal Stainless Jindal Strips JSL sets up a the group is Odisha plant JSL merges with JSL achieves JSL recognized
establishes the founded in Hisar, (Hisar) Ltd restructured major divided among becomes Jindal Stainless ~3 million for sustainable
first steel plant in Haryana, focusing established, as Jindal integrated his four sons, operational, (Hisar) Ltd tonnes annual practices,
Howrah, West on hot rolled expanding Stainless stainless steel with Ratan marking a melt capacity aiming for Net
Bengal, starting carbon stee into stainless Limited (JSL plant in Jajpur, Jindal leading major Zero carbon
the Jindal Group’s steel products Odisha JSL expansion in emissions by
journey capacity and 2050
reach
 Corporate Structure
Holding Company

Stainless Steel Pipes and Tubes Engineering

Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Savitri Jindal Ratan Jindal
Chairperson Chairman

Executive Directors
Abhyudhay Jindal
MD

Non-Executive/
Independent Directors
 Abhyudhay Jindal
Qualifications Positions of Responsibility
 He graduated with a degree in
Economics and Business
Management from Boston
He as the Managing Director of Jindal Stainless Limited (JSL).
University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Abhyuday drives JSL’s net-zero goal by 2050, leveraging AI and
digital technologies for process optimization, predictive IT
maintenance, and reduced carbon emissions

 Initiatives include a green hydrogen plant in Hisar and waste heat

recovery systems, reducing over 3 lakh tonnes of CO2 in three Sustainability
years

 He oversees JSL’s production of stainless steel flat products,

including ferro alloys, steel slabs, hot rolled coils, cold rolled
Manufacturing
coils, plates, sheets, precision strips, and long products

 His strategy emphasizes niche product development, an agile

product mix, and R&D for high-end applications, such as
Manufacturing
supplying stainless steel for India’s Gaganyaan project
Naveen Jindal Group
 Brief about the company
 It was founded in 1952 in Howrah, West Bengal
 It was founded by OP Jindal
1952 1964 1994 1995 1998 2006 2010 2014 2020

OP Jindal finds the Expansion into Naveen Jindal Power is The group is JSPL expands Jindal Expansion into JSPL strengthens
Jindal Group Jindal India and Jindal finds established split amongst to mining, Panther Oman, clean energy,
Jindal Strips JSPL the 4 sons of OP power and TMT is Mozambique sustainability, and
Jindal international established and Bolivia international
steel operations
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Savitri Jindal Naveen Jindal
Chairperson Chairman

Executive Directors
VR Shallu
Sharma Jindal

Non-Executive/
Independent Directors
 Corporate Structure
Holding Company

Power Steel Mining Infrastructure CSR

Subsidiary
 Venkatesh Jindal
Qualifications Positions of Responsibility
 He did his schooling at
the Vasant Valley School, New
Delhi, and then graduated with
a degree in economics from
He a member of the Corporate Finance and Strategy team at Jindal Steel & Power Limited (JSPL)
Yale University in the United
States.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He focuses on value-added products like galvanized and color-
coated steel for automotive, white goods, and construction, Steel
leveraging technologies like the MXCOL coal gasification plant

 Venkatesh oversees JSPL’s iron ore and coal mining operations,

with a focus on captive sourcing to optimize costs Mining

 He supports JSPL’s power generation segment, including thermal,

hydro, and renewable energy projects
Power

 Venkatesh contributes to JSPL’s infrastructure initiatives,

including cement production from slag and fly ash, and real
Infrastructure
estate development
The Hero Group
 Brief about the company
 It was founded in 1956 in Ludhiana, Punjab
 It was founded by Brijmohan Lall Munjal and Brothers
1956 1960 1975 1984 1988 1991 1993 2000 2010 2011

Hero cycles was Rockman Hero cycles JV with Launch of Hero Hero FinCorp Hero motors Diversification Launch of Hero Motocorp
set up by Industries was becomes Honda is Puch moped is established becomes into IT and IT Hero Realty is launched
Brijmohan Lal established for India’s largest formed India’s largest enables and Infra
Munjal cycle components manufacturer 2-wheeler services
exporter

2022 2016 2015 2012

Strategic Launch of Hero electronix Hero Future

partnership Splendor is founded Energy is
formed with iSmart110 established
HPCL
 Corporate Structure
Holding Company

Automobiles Auto Renewable Energy Financial Electronics Education

Components Services
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Pawan Munjal Suman Kant Munjal Rahul Munjal
Chairman, Hero Motocorp Chairman, Rockman Ind. Chairman, Hero Future

Executive Directors
Ujjwal Munjal Abhimanyu Munjal
Hero Electronix Hero Fincorp

Non-Executive/
Independent Directors
 Ujjwal Munjal
Qualifications Positions of Responsibility
 He earned his BBA in
He serves as Managing Director of Rockman Industries Ltd. and Founder Director of Hero Electronix Pvt.
international management
from Pepperdine University,
Ltd. within the Hero Group
California

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Ujjwal oversees the production of aluminum die-casting,
machined assemblies, painted assemblies, and advanced Automotives
composites for automotive and motorcycle manufacturers

 He leads the group’s foray into the electronics and technology

sectors. Hero Electronix focuses on semiconductors, Internet of IT
Things (IoT), smart home devices, and intelligent systems

 Ujjwal focuses on smart home devices, including voice-controlled

AI
cameras, gas sensors, smoke sensors, and door/window sensors

 His focus includes expanding into high-value segments like

aerospace, motorsport, and electric vehicle (EV) components,
leveraging advanced manufacturing technologies Renewable Energy

 He emphasizes sustainability and ESG practices, as evidenced by

Rockman’s commitment to responsible business practices and
expansion in composites for lightweight, eco-friendly solutions Sustainability
 Abhimanyu Munjal
Qualifications Positions of Responsibility

He serves as the Joint Managing Director and Chief Executive Officer of Hero FinCorp Ltd. within the Hero
 He did is BBA from University
of Bath, UK
Group. He is also a Director at Hero Future Energies Pvt. Ltd. and Hero Housing Finance Ltd

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 His focus includes digital transformation, using technology to
streamline processes like loan disbursement and customer IT
acquisition

 Abhimanyu focuses on microfinance and affordable housing

Financial Inclusion
finance, catering to underserved populations, particularly in rural
and semi-urban areas

 Abhimanyu contributes to the Hero Group’s renewable energy

initiatives, focusing on wind, grid-connected solar, and rooftop
Renewable Energy
solar energy

 Abhimanyu’s leadership at Hero FinCorp emphasizes fintech and

digital innovation, integrating technology to enhance customer Integration
experience and operational efficiency
 Rahul Munjal
Qualifications Positions of Responsibility

 He pursued his Bachelor’s in He serves as Managing Director of Rockman Industries Ltd. and Founder Director of Hero Electronix Pvt.
Economics from University of Ltd. within the Hero Group
Rochester

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Rahul’s strategy includes expanding HFE’s operations
internationally, with projects in Vietnam, Britain, Ukraine, Global Expansion
leveraging global funds and partnerships

 His focus on a global mindset involves competing with

international players like ReNew Power by adopting innovative Global Expansion
engineering and technology-driven solutions.

 Rahul emphasizes sustainability, aiming for HFE to achieve net-

zero or carbon-neutral status by 2030
Sustainability

 Rahul Munjal drives the Hero Group’s renewable energy

initiatives, focusing on wind, grid-connected solar, rooftop solar, Renewable Energy
green hydrogen, and energy storage

 Rahul is actively pursuing green hydrogen as a key energy source

for decarbonizing hard-to-abate sectors like cement, steel, and Sustainability
transportation, with plans for a small green hydrogen plant
The Godrej Industries
Group
 Brief about the company
 It was founded in 1897 in Mumbai, Maharashtra
 It was founded by Ardisher Godrej
1897 1918 1923 1943 1952 1958 1974 1990 1991 1994

Establishment by Launch of Chavi, Entry into Acquisition Launch of Entry into Launch of Establishment Establishment Launch of HIT
Ardisher Godrej, the first soap furniture of Vikhroli Cinthol Soap appliance Godrej Hair of Godrej of Godrej and Goodnight
starting with locks made with segment sector Dye Properties Agrovet
and safes vegetables

2024 2017 2006

Restructuring Godrej Agrovet Launch of

of Godrej is listed on Godrej Interio
Group exchanges
 Corporate Structure
Holding Company

FMCG Realty Agri-Business Financial Services

Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Nadir Godrej Pirojsha Godrej
Chairman Vice-Chairman

Executive Directors
Nisaba Godrej Burjis Godrej
Consumer Products Godrej Agrovet

Non-Executive/
Independent Directors
 Pirojsha Godrej
Qualifications Positions of Responsibility
 Pirojsha graduated from the
Wharton School of Business in
He serves as the Executive Vice Chairperson of the Godrej Industries Group (GIG) and Chairman of Godrej
and completed his Masters in
International Affairs Properties, Godrej Capital, and Godrej Fund Management.
from Columbia University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Pirojsha supports agri-business initiatives, including crop
protection, animal feed, poultry, dairy, and oil palm plantations. Agriculture
He focuses on improving farmer productivity and sustainability.

 He contributes to the FMCG sector, focusing on home care,

personal care, and hair care products FMCG

 As Chairman of Godrej Fund Management, Pirojsha oversees real

Finance
estate private equity, raising capital to fuel Godrej Properties’
growth.

 Pirojsha has driven exponential growth, expanding from 2 cities

to 12 by 2025, including key markets like Mumbai, NCR, Pune, Real Estate
Bengaluru, Hyderabad, and Indore.

 Pirojsha drives the Godrej Group’s Good & Green vision,

embedding sustainability across businesses. Sustainability
 Burjis Godrej
Qualifications Positions of Responsibility

 Burjis Godrej completed his

He serves as the Executive Director of Godrej Agrovet Limited (GAVL) and Managing Director of Astec
MBA from Harvard Business
School LifeSciences Limited. He also holds the role of Head of Special Projects at Godrej Agrovet.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Burjis oversees the development and production of
agrochemicals, including herbicides, fungicides, and insecticides. Agriculture

 His focus includes scaling Astec’s contract manufacturing

capabilities and expanding its product portfolio to meet global Agriculture
and domestic agricultural demands.

 Burjis promotes intrapreneurship within GAVL, fostering a culture

of innovation to develop new business models and sustainable
Innovation
practices.

 Burjis focuses on crop protection, agrochemicals, animal

feed, poultry, dairy, and vegetable oils (including palm oil Agriculture
and allied products).
 Nisaba Godrej
Qualifications Positions of Responsibility
 She studied at the Wharton
School where she earned
She serves as the executive Chairperson of Godrej Consumer Products Limited and Director of Godrej
a B.Sc. degree, and at Harvard
Business School where she Industries and Godrej Agrovet
obtained her MBA

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Nisaba drives the strategy for home care, personal care and hair
care (hair dyes, extensions, and colorants) FMCG

 Her strategic oversight supports GAVL’s mission to address

agricultural challenges through innovative products and Agriculture
sustainable practices, aligning with GIG’s broader goals

 Nisaba supports the chemicals division, a leader in oleochemicals

Finance
and surfactants for industries like personal care,
pharmaceuticals, and food.

 Nisaba spearheads GIG’s Good & Green initiative, focusing on

environmental sustainability (energy conservation, water R&D
management, waste reduction) and social welfare

 Nisaba has overseen the Group HR function for GIG, making it

more meritocratic and performance-driven while preserving the Human Resources
group’s values
The Godrej Enterprises
Group
 Brief about the company
 It was founded in 1897 in Mumbai, Maharashtra
 It was founded by Ardisher Godrej
1897 1918 1923 1943 1952 1958 1974 1990 1991 1994

Establishment by Launch of Chavi, Entry into Acquisition Launch of Entry into Launch of Establishment Establishment Launch of HIT
Ardisher Godrej, the first soap furniture of Vikhroli Cinthol Soap appliance Godrej Hair of Godrej of Godrej and Goodnight
starting with locks made with segment sector Dye Properties Agrovet
and safes vegetables

2024 2017 2006

Restructuring Godrej Agrovet Diversifies into

of Godrej is listed on appliances,
Group exchanges security, and
green building
solutions
 Corporate Structure
Holding Company

Aerospace Defense Security Power Appliances Infotech Vending Construction Healthcare Others
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Jamshyd N Godrej
Chairman

Executive Directors

Navroze Godrej
Non-Executive/
Independent Directors
 Navroze Godrej
Qualifications Positions of Responsibility

 He completed his master’s

He serves as a Non-Executive Director of Godrej & Boyce Manufacturing Co. Ltd. within the Godrej
from IIT Institute of Design in
Chicago Enterprises Group (GEG).

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Navroze has driven GEG’s focus on aerospace, defence, energy,
security, intralogistics, and healthcare equipment, leveraging Expansion
advanced engineering and design capabilities

 He established the Godrej Innovation & Design Center (IDC) and

Godrej Design Lab, fostering innovation in products like the R&D
Chotukool and U&Us Design Studio

 Navroze has influenced GEG’s appliances, furniture, security

solutions, and storage systems businesses, focusing on design-
Enhancement
led, consumer-centric products.

 He pioneered a sustainable furniture and appliance rental service

with a buyback scheme for transient consumers, addressing Sustainability
urban mobility trends

 Navroze champions GEG’s Good & Green policy, emphasizing

environmental and social impact through the Disha program, Social Impact
which has trained 150,000 individuals in vocational skills
The CK Birla Group
 Brief about the company
 It was founded in 1862 in Mumbai, Maharashtra
 It was founded by Seth Shiv Narayan Birla
1862 1936 1946 1948 1954 1990
1939 1947 1956 1976

Seth Shiv Narayan Orient Paper Orient Paper National Acquisition of Hindustan Diversification Entry into Orient Cement Joint venture
Birla lays the established, & Industries Engineering Neosym Motors into electricals building established with General
foundation of the pioneering the founded in Industries founded, with Orient materials with Motors
Birla business Indian paper Odisha. (NBC launches the Fans HIL Ltd
legacy industry Bearings) iconic
established Ambassador
car
2024 2020 2010s 2000

Group continues Group revenue Growth in Birlasoft

expansion in surpasses US$3 healthcare (CK Birla established as
sustainability, billion Hospitals, Birla the IT arm
digital, and Fertility & IVF) and
healthcare education (BIT
sectors Mesra
 Corporate Structure
Holding Company

Cement Electronics Paper Metals Engineering Mining Hospital Education Materials IT

Industries
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
CK Birla Amita Birla
Chairman Co-Chairman

Executive Directors
Avani Birla

Non-Executive/
Independent Directors
 Avani Birla
Qualifications Positions of Responsibility

 Bachelor’s in Natural Science

at University of Cambridge
She serves as President of Orient Electric Limited within the CKA Birla Group

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Her leadership emphasizes smart appliances and IoT-enabled
solutions for tech-savvy households, focusing on product Expansion
innovation, digital transformation, and sustainability

 Her operations align with the group’s broader commitment to

technology and home and building solutions, leveraging R&D
advanced manufacturing and consumer-centric strategies
Kotak Mahindra Group
 Brief about the company
 It was founded in 1985 in Mumbai, Maharashtra
 It was founded by Uday Kotak
1985 1987 1991 1995 2001 2003 2004 2008 2014 2016

It was established Expansion into Investment JV with Life insurance Becomes Private International ING Vyasa Airtel
by Uday Kotak lease and hire Banking Goldman Sachs sector is India’s first equity fund office is opened Bank is Payments Bank
purchase division is is formed launched NBFC management in Dubai acquired is formed
set up is launched

2023 2022 2017

Acquires Kotak Cherry is Kotak 811 is

Sonata Finance launched launched
 Corporate Structure
Holding Company

Banking Vehicle Investment Securities Asset Life Insurance General Micro- Advisory Pension
Financing Banking Management Insurance Finance
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Uday Kotak
Top Executives Chairman

Executive Directors

Jay Kotak
Non-Executive/
Independent Directors
 Jay Kotak
Qualifications Positions of Responsibility
 He a history degree from
He serves as Co-Head of Kotak 811 (the digital banking division of Kotak Mahindra Bank) and Senior Vice-
Columbia University and an
MBA from Harvard Business
President – Conglomerate Relationships at Kotak Mahindra Bank.
School

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 His focus includes leveraging artificial intelligence, data science,
and digital infrastructure to enhance customer acquisition, cross- IT
selling, and operational efficiency

 Jay’s efforts align with the group’s vision of building a strong

liability franchise, with Kotak Mahindra Bank maintaining a CASA Banking
ratio of ~61%, one of the highest in the industry

 His focus is on enhancing the bank’s franchise by building

strategic relationships with large business groups, corporates, Corporate Finance
and institutions.

 Jay’s work with Kotak 811 and his broader responsibilities

emphasize financial inclusion, targeting underserved populations Financial Inclusion
with accessible banking services

 His involvement in the Kotak IISc AI-ML Centre at the Indian

Institute of Science reflects his focus on integrating cutting-edge AI
technologies like AI, data science, and robotics
The Mahindra Group
 Brief about the company
 It was founded in 1919 in Ludhiana, Punjab
It was founded by JC Mahindra, KC Mahindra, and Malik Ghulam Muhammad
1945 1947 1956 1961 1977 1986 1991 1994 2002 2008 2010

Founded as Renamed to Listed on the Tie up for Merger with Entered JV Mahindra Group is Launch of Entered 2 Acquired Reva
Mahindra and Mahindra and BSE tractor International with British finance is reorganized Mahindra wheeler Electric Car
Mohammed , Mahindra after manufacturing tractor Telecom to established into 6 units scorpio segment Company
focused on steel partition with company of form Tech
trading International India Mahindra
Harvester

2023 2022 2021 2020 2018 2016 2013

Global Launch of Launch of Relaunch of Revival of Jawa

Acquisition of Merger of Tech
expansion of Scorpio N Suv XUV700 Thar SUV Motorcycle Sampo Mahindra and
EV Category SUV brand Rosenlew Mahindra
Satyam
 Corporate Structure
Holding Company

Automotives Financial Tech & IT Logistics Real Hospitality Manufacturing Agri

Services Estate
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Anand Mahindra
Top Executives Chairman, Mahindra Group

Executive Directors
Anish Rajesh
Shah Jejurikar

Non-Executive/ TN Shikha Nisaba Muthiah Padmasree Ranjan

Independent Directors Manoharan Sharma Godrej Murugappan Warrior Pant

Sat Pal Bhanoo

The Bharati Group
 Brief about the company
 It was founded in
It was founded by
1976 1985 1995 2002 2007 2009 2010 2015 2020 2010

Founded by Sunil Bharati Telecom Entered Listed on Stock Bharti Infratel First Best Zain Africa Bharti Retail Infratel Acquired Reva
Bharti Mittal as a was established, telecom by Exchanges was Price store is operations are Acquired by merges with Electric Car
bicycle making push launcing established opened in acquired Future Indus Towers Company
manufacturing button phones Airtel and easyday Amritsar Group
company stores
launched

2023 2022 2021 2020 2018 2016 2013

Global Launch of Launch of Relaunch of Revival of Jawa

Acquisition of Merger of Tech
expansion of Scorpio N Suv XUV700 Thar SUV Motorcycle Sampo Mahindra and
EV Category SUV brand Rosenlew Mahindra
Satyam
 Corporate Structure
Holding Company

Telecommunication Insurance Manufacturing Real Hospitality Gaming

Estate
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Sunil Bharti Mittal

Top Executives Rakesh Mittal Sajan Mittal
Chairman
Vice-Chairman Vice-Chairman
Bharti Enterprises

Executive Directors
Gopal Sunil Sushil Deven Harjeet JS Deepak Mamta
Vittal Taldar Sayal Khanna Kohli Saikia

Non-Executive/
Independent Directors
The Aditya Birla Group
 Brief about the company
 It was founded in 1919 in Kolkata, West Bengal
It was founded by GD Birla
1919 1924 1936 1943 1945 1947 1957 1958 1965 1969 1986

GD Birla sets up GD Birla acquires GD Birla sets United Jay Shree Tea Grasim Grasim Hindulco Birla AV Birla sets up Birla Growth
first jute mill in Kesoram Cotton up Orient Commercial and Industries industries is Industries is Industries Research Indo Thai Fund is set up
Calcutta mills in Calcutta Paper Mills Bank is set up is incorporated set up to listed on BSE Ltd is set Institute is Synthetics Co.
manufacture up set up Ltd
cotton

2024 2023 2021 2018 2017 2012 2007 2004 2003 1997 1995

VI completes ABFRL acquires 100% stake in Meger of ABCL is listed Pantaloons is Hindalco Grasim Nifty Copper Peter England Kumar
$2.2BN FPO controlling Ryker is Vodafone and on Stock acquired acquires acquires mines is is launched in Mangalam
stake in TCNS acquired Idea takes exchanges Novelis controlling acquired India Birla becomes
place stake in Chairman
Ultratech
 Corporate Structure
Holding Company

Metals Cement Financial Telecom Fashion and Textiles Carbon Chemicals Others
Services Retail
Subsidiary
 Leadership Structure
New Generation
Older Generation of Leaders of Leaders

Kumar Mangalam Birla

Top Executives Chairman, Birla Group

Executive Directors
Ashok Ashish Himanshu K C Jhanwar Satish Pai Sushil Vishakha
Kapania Ananya Birla Aryaman Birla
Ramchandran Dikshit Agarwal Mulye

HK Agarwal KK
Non-Executive/ Maheshwari
Independent Directors
 Ananya Birla
Qualifications Positions of Responsibility

 Bachelor in Economics and She is currently a Director at Aditya Birla Management Corporation Private Ltd (ABMCPL). Ms. Ananya is
Management from University also on the boards of Aditya Birla Group’s flagship companies - Hindalco Industries, Aditya Birla Fashion and
of Oxford Retail, and Grasim Industries.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Ananya emphasizes consumer trends, sustainability, and luxury
segments, including partnerships with designers and expansion Consumers
into ethnic wear and sportswear

 She is driven by a sharp focus on sustainability. At Hindalco, she

supports initiatives like aluminum recycling and low-carbon Sustainabiltiy
copper production. At Grasim, products like EcoSodium

 Ananya Birla co-founded Mpower, and established the Ananya

Birla Foundation, which conducts pioneering research in mental Social Impact
health and social impact

 Her new-age insights drive the Group’s foray into digital and
tech-driven businesses. She supports Birla Pivot and Aditya Birla AI
Ventures.Her influence in ABMCPL promotes AI consolidation

 Ananya Birla is actively involved in Birla Estates, the Group’s real

estate arm. Her focus is on premium and sustainable realty, such Realty
as the Noida luxury residential project with LGCPL Group
 Aryaman Vikram Birla
Qualifications Positions of Responsibility
 Bachelor’s degree in Commerce from
the University of Mumbai He serves on the board of the Group’s apex body, Aditya Birla Management Corporation, as well as on the
 Master’s degree in Global Finance
from Bayes Business School boards of several key Group companies, including Grasim Industries, Aditya Birla Fashion & Retail (ABFRL),
 MBA with Honors from Harvard Hindalco Industries, and the Group’s digital-first fashion platform, TMRW.
Business School

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Aryaman’s insights into shifting consumer behavior drive ABFRL’s
partnerships with designers like Sabyasachi and Tarun Tahiliani Consumer

 He founded ABNAH, which operates and manages premium food

and beverage ventures. Aryaman focuses on experiential dining FMCG
and premium hospitality

 Aryaman’s leadership enhances the Group’s appeal to investors.

He advocates for green technologies, such as carbon capture in Green Tech
cement and renewable energy in manufacturing

 Aryaman spearheads Aditya Birla Ventures, the Group’s venture

capital arm, which invests in high-growth startups across sectors Sustainability
like consumer tech, fintech, healthtech, and sustainability.
The Bajaj Group
 Brief about the company
 It was founded in It was founded by

1926 1945 1948 1960s 1970 2009 2007 2015 2020 2010

Bajaj Group Bajaj Auto was Bajaj Expansion into Launch of Bajaj First Best Bajaj Finserv Bharti Retail Infratel Acquired Reva
founded by established and Electricals steel and sugar Chetak Price store is was Acquired by merges with Electric Car
Jamnalal Bajaj expansion in was industries opened in established Future Indus Towers Company
with trading and automative sector established Amritsar Group
textiles

2023 2022 2021 2020 2018 2016 2013

Global Launch of Launch of Relaunch of Revival of Jawa

Acquisition of Merger of Tech
expansion of Scorpio N Suv XUV700 Thar SUV Motorcycle Sampo Mahindra and
EV Category SUV brand Rosenlew Mahindra
Satyam
 Corporate Structure
Holding Company

Automotive Financial Electricals Steel Material Investments

Services Handling
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Rahul Bajaj Niraj Bajaj Madhur Bajaj
Head, Bajaj Group Chairman Vice-Chairman

Executive Directors
Rajiv Sanjiv
Shekhar Pradeep Rakesh
Bajaj Bajaj
Bajaj Srivastava Sharma

Pradip Omkar Naushad Lila Gita Balaji

Shah Goswami Forbes Poonawalla Piramal Rao
Non-Executive/
Independent Directors

Anami Abhinav
Roy Bindra
 Sanjiv Bajaj
Qualifications Positions of Responsibility
 B.E in Mechanical Engineering
from Pune University Sanjiv Bajaj serves as Chairman or board member across key group companies, including Bajaj Finance,
 Master’s from Warwick
University
Bajaj Housing Finance, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Maharashtra Scooters,
 MBA from Harvard Business and Bajaj Finserv Asset Management
School

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Sanjiv led the demerger of Bajaj Auto, creating Bajaj Finserv as a
standalone financial services arm. He transformed it Finance

 He turned Bajaj Finance from a vehicle loan provider into a

consumer and SME lending giant. Under his leadership, it Financing
became known for EMI financing, personal loans, and tech-led

 He pushed for end-to-end digitization—launching the Bajaj

Finserv super app, EMI cards, and investing in fintechs like Digitalisation
Snapwork, Pennant, and MobiKwik to build proprietary digital

 He launched Bajaj Finserv Health in 2020 to offer doctor

consultations, diagnostics, and telehealth. In 2024, it acquired Health
Vidal Healthcare for ₹325 crore, adding a TPA licence

 He scaled Bajaj Housing Finance to fill the gap left by HDFC Ltd's
merger, targeting both retail and wholesale housing loans Housing
 Rajiv Bajaj
Qualifications Positions of Responsibility
 B.E in Mechanical Engineering
from Pune University
 Master’s from Warwick Rajiv Bajaj is the Managing Director of Bajaj Auto Ltd
University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He’s strengthened Bajaj Auto’s position globally, particularly
through partnerships with KTM, Husqvarna, and Triumph. He De-merger
emphasizes growth without seeking majority control

 He pivoted the company away from low-end 100‑cc commuter

bikes to profitable niches like Pulsar (sports) and Discover Automotive
(sports‑commuter), prioritizing margin and brand clarity

 As MD, he backed Bajaj Auto Credit Ltd (BACL) with ₹1,500 crore
in funding to support its vehicle financing arm, integrating
Credit
lending smoothly with vehicle sales

 He Led the revival of the iconic Chetak scooter as an electric

vehicle. Built dedicated EV infrastructure (e.g. branded Chetak Automobile
Experience Centres) and invested in a ₹300 crore EV plant

 He emphasized platform-based development (125–350 cc engine

families), manufacturing efficiency (automation, new plants), and Tech
clear brand positioning to maintain profitability
The Hinduja Group
 Brief about the company
 It was founded in 1914 in Sikharpur, Pakistan
 It was founded by Parmanand Deepchand Hinduja
1914 1919 1978 1979 1987 1993 1994 1995 2000 2002

Founded by First international Hinduja Headquarters The group Hinduja Global IndusInd IndusInd Media Hinduja Global Gulf Oil
Parmanand trade center Bank of are shifted to acquires Land Solutions Ltd Bank is and Solutions is Corporation
Hinduja, focused established in Iran Switzerland the UK Rover Leyland incorporated, established Communication incorporated Limited is set up
on trading and is gaining control entering into s is set up
banking established of Ashok the IT/BPO
Leyland sector

2023 2022 2021 2020 2018 2016 2007

Global Launch of Launch of Relaunch of Revival of Jawa Acquisition of JV with Nissan

expansion of Scorpio N Suv XUV700 Thar SUV Motorcycle Sampo Motor
EV Category SUV brand Rosenlew Corporation is
formed
 Corporate Structure
Holding Company

Automotive Financial Power Oil IT Media Realty Trading

Services
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Gopichand Hinduja Prakash Hinduja Ashok Hinduja
Chairman, Hinduja Group Chairman, Europe Chairman, India

Executive Directors
Sanjay Ajay Dheeraj Shom
Hinduja Hinduja Hinduja Hinduja

Non-Executive/
Independent Directors
 Ajay Hinduja
Qualifications Positions of Responsibility
 B.E in Mechanical Engineering
from Pune University Ajay Hinduja is a prominent member of the Hinduja Group’s promoter family and served as Chairman of GOCL Corporation
 Master’s from Warwick Ltd. Currently he serves as the Director of IndusInd Holdings Ltd. And Hinduja Automotive Ltd.
University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Ajay leads MindMaze, a global neurotech firm aiming to
revolutionize brain health and rehabilitation using AI-driven Healthtech
motion analytics and cloud-enabled platforms.

 Through his position on the board of Hinduja Tech (part of Ashok

Leyland), Ajay champions advanced engineering solutions in Tech
automotive mobility—focusing on sustainable mobility

 He is actively involved with P.D. Hinduja Hospital, championing

holistic, patient-centric programs—particularly for youth dealing
Healthcare
with Type 1 diabetes

 He has also taken part in guiding Hinduja Global Solutions (HGS),

where he promotes the integration of AI with human empathy in AI
customer experience management

 Ajay is a board member of IndusInd International Holdings,

contributing to the group’s investment and banking strategies Banking
 Dheeraj Hinduja
Qualifications Positions of Responsibility
 B.E in Mechanical Engineering
from Pune University Ajay Hinduja is a prominent member of the Hinduja Group’s promoter family and served as Chairman of GOCL Corporation
 Master’s from Warwick Ltd. Currently he serves as the Director of IndusInd Holdings Ltd. And Hinduja Automotive Ltd.
University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Dheeraj Hinduja has prioritized strengthening the Hinduja
Group’s automotive portfolio, particularly through Ashok Automotive
Leyland, a leading commercial vehicle manufacturer

 His focus includes expanding into new markets and enhancing

product offerings like trucks, buses, and specialized vehicles Automotive

 He has driven innovation in electric mobility through Switch

Mobility, a subsidiary focused on electric buses and commercial EV
vehicles

 Dheeraj Hinduja is steering the group toward sustainable

practices, particularly in mobility and energy. This includes Sustainbility
investments in renewable energy and green technologies

 Dheeraj Hinduja has been instrumental in advancing the group’s

Banking, Financial Services, and Insurance (BFSI) ambitions, Banking
aiming to create a comprehensive financial ecosystem
 Shom Hinduja
Qualifications Positions of Responsibility

Shom Hinduja, as President of Alternative Energy and Sustainability Initiatives at the Hinduja Group, focuses primarily on alternative energy,
sustainability, and renewable energy sectors

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Shom is responsible for introducing effective sustainability
strategies across the Hinduja Group’s operations. This includes Greentech
integrating green technologies and sustainable practices

 The Hinduja Group, under his influence, is exploring

opportunities in cybersecurity and Internet of Things (IoT), IT
particularly through a joint venture with a US tech major

 His vision includes tapping into private commercial and industrial

rooftop markets, open-access projects, and captive energy EV
markets to meet India’s growing demand

 His focus is on expanding the group’s renewable energy portfolio,

particularly in solar power, through both organic growth and Sustainability
acquisitions

 His work emphasizes innovative business models to enhance

plant operations and promote environmentally responsible Sustainability
practices across the conglomerate’s diverse sectors
The Murugappa Group
 Brief about the company
 It was founded in 1914 in Sikharpur, Pakistan
 It was founded by Parmanand Deepchand Hinduja
1914 1919 1978 1979 1987 1993 1994 1995 2000 2002

Founded by First international Hinduja Headquarters The group Hinduja Global IndusInd IndusInd Media Hinduja Global Gulf Oil
Parmanand trade center Bank of are shifted to acquires Land Solutions Ltd Bank is and Solutions is Corporation
Hinduja, focused established in Iran Switzerland the UK Rover Leyland incorporated, established Communication incorporated Limited is set up
on trading and is gaining control entering into s is set up
banking established of Ashok the IT/BPO
Leyland sector

2023 2022 2021 2020 2018 2016 2007

Global Launch of Launch of Relaunch of Revival of Jawa Acquisition of JV with Nissan

expansion of Scorpio N Suv XUV700 Thar SUV Motorcycle Sampo Motor
EV Category SUV brand Rosenlew Corporation is
formed
 Corporate Structure
Holding Company

Agriculture Financial Sugar Engineering Ceramics Power

Services
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
M M Muruguppan Vellayan Subbaiah Arun Alagappan
Chairman Chariman, Chola Chairman, Coromandel

Executive Directors
Sridharan Ravindra Muthu MAM
Rangarajan Kundu Murugappan Arunachalam

PS Sujjain Usha Ramesh Bhama Anand MR Ramkumar

Non-Executive/ Raghavan Talwar Rajeev Rajan Krishnamurthy Kumar Kumar Ramamoorthy
Independent Directors

Meghna Ajay
Apparao Baliga
 Muthu Murugappan
Qualifications Positions of Responsibility
 He has completed his MBA
from London Business School. Muthiah Murugappan including serving as the Chairman of Tube Investments of India (TII), Chairman of
He is B.Sc. Management Coromandel International, and a board member of various group companies
Sciences from University of
Warwick

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He has spearheaded TII’s foray into electric mobility, focusing on
electric three-wheelers, tractors, and trucks through its EV
subsidiary, TI Clean Mobility.

 He was involved in developing electric vehicles (EVs) like the

Montra Electric three-wheeler and exploring battery-swapping EV
infrastructure for last-mile delivery solutions

 His leadership emphasizes innovation in bio-products, organic

fertilizers, and retail expansion through Coromandel’s Gromor Sustainability
and Mana Gromor outlets

 He caters to farmers’ needs for seeds, fertilizers, and crop

Sustainability
protection products

 His focus includes expanding TII’s presence in industrial chains,

railway components, and advanced materials, targeting both Expansion
domestic and international markets
 Muthu Venkatachalam
Qualifications Positions of Responsibility
 He is a graduate from The
University of Agricultural He is the Chairman of E.I.D. Parry (India) Ltd. and Chairman of Coromandel Engineering Company. He is also
Sciences, Bangalore and also a director on the boards of several group companies, such as Cholamandalam Financial Holdings,
holds an MBA Degree from The Cholamandalam MS General Insurance, Carborundum Universal, and Ambadi Investments.
George Washington University

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He oversees operations in the sugar industry, nutraceuticals , and
bio-products. E.I.D. Parry is a leading sugar manufacturer in Sugar
India, serving 1.5 lakh farmers

 Muthu contributes to the group’s financial services arm, which

includes vehicle finance, home loans, SME lending, and general Finance
insurance

 As Chairman of Coromandel Engineering, he oversees operations

in construction and real estate development, emphasizing quality Realty
and sustainable building practices

 Muthu supports strategic investments across the Dolores,

agriculture, engineering, and financial services. His focus Sustainability
includes fostering sustainability and ethical governance

 He promotes practices, such as sustainable sugarcane cultivation

and eco-friendly engineering solutions, aligning with the group’s Green practices
commitment to sustainability.
 Arun Vellayan
Qualifications Positions of Responsibility
 He has done his Bachelors in
Commerce from Loyola He serves as the Head of Corporate Strategy and Planning at Coromandel International within the
College and an MSc in Murugappa Group. He has also held roles at E.I.D. Parry and Cholamandalam Investment and Finance
Accounting and Finance from Company, contributing to the group's strategic direction.
Lancaster University, UK

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Arun drives strategic initiatives in fertilizers, crop protection
chemicals, and specialty nutrients. He focuses on expanding Agriculture
Coromandel’s portfolio through contract manufacturing

 Arun drives the Murugappa Group’s diversification into high-

growth sectors like healthcare, technology, and specialty Health Tech
chemicals

 Arun’s strategy includes leveraging Coromandel’s retail network

(Gromor and Mana Gromor outlets) to deliver fertilizers, Retail
pesticides, and seeds to nearly 20 million farmers

 His efforts support the group’s goal of serving 20 million

customers through innovative financial products Finance

 His focus on inorganic growth includes identifying acquisition

targets to strengthen existing businesses and enter new markets, Industrial
particularly in agrochemicals and industrial solutions
 Narayanan Vellayan
Qualifications Positions of Responsibility

 studied at the University of

He serves as the Head of the Specialty Nutrients Business at Coromandel International within the
Bristol in the UK, where he
earned an LLB (Hons) degree Murugappa Group

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Narayanan Vellayan focuses on specialty nutrients (e.g., water-
soluble fertilizers, micronutrients) and organic fertilizers. Agriculture

 He drives initiatives to strengthen Coromandel’s market position

through R&D, partnerships, and inorganic growth via acquisitions Expansion
 Narayanan emphasizes sustainability, promoting environmentally
responsible practices to ensure long-term soil health and farmer
profitability
Sustainability

 His efforts support the group’s goal of serving 20 million

customers through innovative financial products
Finance
The Adani Group
 Brief about the company
 It was founded in 1988 in Ahmedabad, Gujarat
It was founded by Gautam Adani
1988 1991 1994 1995 2000

Mr. Gautam Adani Entered port Diversified into

established Adani Exports Secured a pivotal Listed on BSE and NSE; development by power generation
that deals in agricultural contract from the IPO oversubscribed 25 establishing Mundra (Adani Power),
commodities and power Gujarat Port renewable energy
in Ahmedabad, Gujarat. government, (Adani Green), and
enabling transmission
business
expansion
2024 2021 2015 2009

Adani Defence & Aerospace Expanded into Corporate restructuring Listed Adani
unveiled its UAV. APSEZ acquired airports (acquired 6 demerged ports, power, Power on stock
Gopalpur Port. Adani Green airports), data and transmission assets exchanges
Energy began operations at the centers, and solar into independent listed
world’s largest renewable energy manufacturing companies
park, Adani’s copper unit in
 Corporate Structure
Holding Company

Incubation Ports Power Energy Gas Cements Realty

Transmissions
Distribution

Edible Oils
& Food
Subsidiary

Defense
 Leadership Structure
New Generation
Older Generation of Leaders of Leaders

Gautam Adani Chairperson,

Top Executives Chairman, Adani Adani Foundation
Group

Sagar Adani Jeet Adani

Executive Directors

Pranav Adani Karan Adani

Non-Executive/
Independent Directors
 Pranav Adani
Qualifications Positions of Responsibility
 Bachelor of Science in Business
Administration from Boston Pranav Adani is Director of Adani Enterprises, the Adani Group’s business incubator and flagship company.
University He heads a diverse portfolio of businesses, including Real Estate, City Gas Distribution, Media, Biogas,
 President Management Charging Infra, Agro and Natural Resources.
Program at Harvard Business
School

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Pranav is leading the group’s foray into agriculture, edible oils,
and food processing. He was instrumental in the creation and Agriculture
growth of Adani Wilmar, Adani Agri Logistics, and Adani Agri

 He nurtured Adani Gas Ltd into India’s largest private sector city
gas distribution company, expanding operations to 38 regions Gas
and forming key joint ventures with Indian Oil Corporation

 Pranav Adani has overseen the group’s real estate business,

establishing a presence in Gujarat, Maharashtra, and NCR, and Realty
steering large-scale urban development projects

 Pranav has overseen the group’s natural resources business He is

recognized for embedding sustainability and social responsibility Sustainability
into the group’s core business practices

 At the group level, Pranav Adani serves as a chief custodian of

the Adani brand, playing a pivotal role in shaping the group’s Green practices
image and strategic direction
 Karan Adani
Qualifications Positions of Responsibility
Karan Adani is the Managing Director of Adani Ports & SEZ Ltd (APSEZ). He is currently spearheading a
 Bachelor of Economics from transformation at APSEZ to form an integrated logistics company with an objective to add further value for
Purdue University, USA the customers. He is also Chairman (Non-Executive) of ACC Ltd and a Non-Executive Director of Ambuja
Cements

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Karan Adani is driving APSEZs transformation into an integrated
logistics powerhouse. His focus includes scaling up marine, Integration
logistics, and agri-logistics businesses

 Under his leadership, APSEZ has expanded from two ports to a

network of 14 ports and terminals, including strategic Expansion
international assets

 He is also involved in group-level strategy for new businesses

such as copper and aluminium, with major investments in Odisha Metals
for industrial parks, cement, and metals Karikal Port
Gopalpur Port
 He is actively expanding Adani’s international footprint, with key
Airports Vizhinjam Port
acquisitions and developments in Israel (Haifa Port), Australia
(NQXT), Sri Lanka (Colombo Terminal), and the Middle East
Colombo Terminal
NXQT
 He is also engaged in large-scale investments in renewable Haifa Port
energy, city gas, and industrial parks, especially in states like Green practices
Odisha
 Sagar Adani
Qualifications Positions of Responsibility

Sagar Adani currently oversees organisation building as well as all strategic and financial matters of Adani
 Bachelor of Economics from
Brown University, USA
Green Energy Ltd. He is credited with building the entire solar and wind portfolio of Adani Green Energy
Ltd.

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Sagar drives India’s largest renewable energy portfolio, focusing
on solar farms, wind energy, hybrid renewable parks, and green Renewable
hydrogen Energy
 He emphasizes energy utilities, including cross-country
transmission lines, to support India’s energy security and Expansion
sustainability goals

 Sagar’s strategy integrates cement production with the group’s

energy and logistics capabilities, positioning Adani as India’s Cement
second-largest cement maker

 Emerging focus areas include copper, PVC, and other materials

critical for infrastructure and energy transitions Materials

 Sagar emphasizes energy and utilities and transport and logistics

as the Adani Group’s core pillars Green practices
 Jeet Adani
Qualifications Positions of Responsibility

 He studied at the University of He is the Director of Adani Airports and a key executive within the Adani Group
Pennsylvania

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Jeet leads Adani Airport Holdings, managing seven airports
(Mumbai, Ahmedabad, Lucknow, Thiruvananthapuram, Jaipur, Expansion
Guwahati, and Mangaluru)

 He focues on drone technology, missile systems, unmanned

aerial systems, small arms, and electronic warfare. Expansion

 Jeet leads the development of Adani One, a digital platform

integrating the group’s B2C businesses Cement
The HDFC Group
 Brief about the company
 It was founded in 1977 in Mumbai, Maharashtra
 It was founded by Hasmukhbhai Parekh
1977 1994 2000 2008 2013 2016 2019 2022 2023

HDFC Ltd founded HDFC Bank HDFC Asset HDFC Bank HDFC Bank HDFC Capital GRUH Finance HDFC Ltd and HDFC Ltd
as India’s first incorporated as a Manageme acquires becomes market Advisors merges with HDFC Bank merges into
dedicated housing private sector nt launches Centurion leader in credit established for Bandhan Bank; announce HDFC Bank;
finance company bank; receives mutual fund Bank of Punjab cards real estate HDFC gains a stake merger
banking license operations investment in Bandhan proposal
 Corporate Structure
Holding Company

Automotive Life General Asset Investment Pension

Insurance Insurance Management
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Gopichand Hinduja Prakash Hinduja Ashok Hinduja
Chairman, Hinduja Group Chairman, Europe Chairman, India

Executive Directors
Sanjay Ajay Dheeraj Shom
Hinduja Hinduja Hinduja Hinduja

Non-Executive/
Independent Directors
The RP-Sanjiv Goenka
Group
 Brief about the company
 It was founded in 1897 in Mumbai, Maharashtra
 It was founded by Ardisher Godrej
1979 1981 1982 1983 1984 1985 1986 1988 1989 1990

Rama Prasad Acquisition of Acquisition of Acquisition Acquisition of Acquisition of Acquisition of Acquisition Acquisitions of CESC Acquisition of
Goenka (RP CEAT Tyres of KEC of Searle Dunlop India a stake in Gramophone of Harrisons Ltd. (power), Remington
Goenka) India International, India (now Bayer India Company of Malayalam Raychem Rand
establishes RPG a major RPG Life India Ltd and ICIM Technologies,
Enterprises transmission Sciences) Spencer’s Retail, and
tower Zensar Technologies
manufacture
2010 1997 1995 1993

RPG Group's launches Music RPG Cellular CEAT Kelani, a

businesses are World and launches operations subsidiary, starts
divided between Health & Glow in Chennai operations in Sri
RP Goenka's sons, Lanka
Harsh Goenka and
Sanjiv Goenka
 Corporate Structure
Holding Company

Power Electronics Healthcare Chemicals Retail Tea Media

Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives
Sanjiv Goenka
Chairman Shashwat Goenka

Executive Directors

Non-Executive/
Independent Directors
 Shashwat Goenka
Qualifications Positions of Responsibility

 He is a graduate from Wharton

School, University of He serves as Vice Chairman of the RP-Sanjiv Goenka Group (RPSG) and Chairman of Spencer’s Retail
Pennsylvania

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 He oversees plans to add 80 hypermarkets with a ₹250 crore
investment and pivot to 30-minute delivery models Expansion

 He drives innovation through “super blend technology”

combining natural and modern ingredients, with plans to enter R&D
nutraceuticals

 His focus includes expanding the Ayurveda segment through Dr.

Vaidya’s, a digital Ayurvedic brand, and launching quick-service
Enhancement
restaurants (QSRs)

 Shashwat leads RPSG’s renewable energy initiatives, including

solar, wind, green hydrogen, and ammonia Sustainability

 He spearheads the group’s entry into specialty chemicals,

particularly water treatment chemicals and battery chemicals for EV
electric vehicles
 Avarna Jain
Qualifications Positions of Responsibility

 She studied at The Annenberg

Avarna Jain, as Vice Chairperson of Saregama India Ltd. and Chairperson of RPSG Lifestyle Media within the
School, University of
Pennsylvania RP-Sanjiv Goenka Group (RPSG), drives the group’s strategy in media and entertainment

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 She balances data analytics with creative intuition to drive
growth, with Saregama Expansion

 As Chairperson of RPSG Lifestyle Media, Avarna leads the launch

of premium publications like Robb Report India, The Hollywood R&D
Reporter India, Esquire India, and Manifest

 Her focus includes scaling Carvaan (music devices targeting older

and younger audiences) and exploring new platforms like OTT
Enhancement
and digital streaming

 As Vice Chairperson of Saregama India, Avarna oversees music,

live events, and digital content Sustainability
The Emami Group
 Brief about the company
 It was founded in 1974 in Kolkata, West Bengal
 It was founded by RS Agarwal and RS Goenka
1974 1978 1984 1995 1995 2005 2008 2009 2015 2012-2013

Founded as Acquired Himani Launch of the Conversion Merger with Launched Fair Acquired Merged Acquired Kesh King established
Kemco Chemicals Ltd, marking its flagship into Emami Himani Ltd to and Zandu Zandu into (hair and scalp care) subsidiaries in
first major Boroplus Ltd, public consolidate Handsome, Pharmaceutic Emami Ltd for ₹1,684 crores Bangladesh, Russia,
expansion Antiseptic listing FMCG business pioneering als Germany
Cream men’s fairness
creams in
India
2010 1997 1995 1993

RPG Group's launches Music RPG Cellular CEAT Kelani, a

businesses are World and launches operations subsidiary, starts
divided between Health & Glow in Chennai operations in Sri
RP Goenka's sons, Lanka
Harsh Goenka and
Sanjiv Goenka
 Corporate Structure
Holding Company

FMCG and Edible Oil Paper Realty Retail Health Pharmacy

Healthcare
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Mohan Goenka Harsh Agarwal

Top Executives Vice-Chairman Chairman and MD

Executive Directors

Aditya Agarwal Manish Goenka

Non-Executive/
Independent Directors
The Max Group
 Brief about the company
 It was founded in 1985 in
 It was founded by Anajlit Singh
1985 1990s 2000 2001 2006-2015 2016 2020 2021-25

Founded by Expanded into Entered

Joint venture Healthcare Group separates into Healthcare assets Max Estates expands
Analjit Singh; telecommunicatio healthcare
for Max Life expansion; new Max Financial Services, merged into Max real estate; Antara
entered specialty ns (Max Telecom, and insurance;
Insurance (B2C hospitals and Max India, Max Healthcare; Max India achieves recognition
chemicals, then later sold to Max
focus begins). medical Ventures & Industries. focuses on senior care in senior care
moved into new Vodafone). Healthcare
technologies. and allied health. innovation.
sectors. Institute Ltd.
launched.
 Corporate Structure
Holding Company

Insurance Senior Living Realty CSR Health

Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Analjit Singh
Top Executives Chairman

Executive Directors
Tara Singh

Non-Executive/
Independent Directors
 Tara Singh Vachani
Qualifications Positions of Responsibility
 She studied strategy
management at the London
School of Economics (LSE) and She serves as the Executive Chairperson of Antara Senior Care, Vice Chairperson of Max India Limited,
pursued politics and South Managing Trustee of Max India Foundation, and Chairperson of Learning Matters within the Max Group.
Asian studies at the National
University of Singapore

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Tara founded and leads India’s first integrated senior care
venture. Antara focuses on creating vibrant residential Realty
communities and comprehensive care services for seniors

 Tara plays a strategic role in the group’s healthcare businesses,

which include senior care and other allied health services Expansion

 Tara drives initiatives in foundational learning, leveraging

technology to enhance educational outcomes
Education

 She oversees social responsibility initiatives, with a focus on

foundational learning and Social Emotional Ethical (SEE) learning Sustainability
in collaboration with Emory University.
The Eicher Group
 Brief about the company
 It was founded in 1948 in Delhi, India
 It was founded by Vikram Lal
1948 1958 1965 1982 1993 1994 1996 2005 2008 2016

Goodearth icher Tractor Became Eicher Eicher Acquired 60% Enfield India Eicher Tractors Tractor and Joint venture with Royal Enfield
Company founded Corporation Tractors India Motors stake in Enfield rebranded as merges with engine Volvo Group—VE launches the
to sell and service established and Ltd; 100% Limited India Royal Enfield Royal Enfield businesses Commercial Vehicles Himalayan
imported tractors first indigenous Indian incorporate Motors Ltd Motors divested to (VECV) formed adventure
tractor made in ownership by d; TAFE motorcycle.
India 1965 collaboratio
n with
Mitsubishi 2020 2018
for LCVs

VECV acquires Volvo Royal Enfield

Buses India; debuts 650cc
twins
 Corporate Structure
Holding Company

Bikes Commercial Vehicles

Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives Vikram Lal Sidharth Lal

Founder Chairman

Executive Directors

Non-Executive/
Independent Directors
 Sidhartha Lal
Qualifications Positions of Responsibility
 He attained a postgraduate
diploma from Cranfield
He serves as the Executive Chairman of Eicher Motors Limited (EML) and Chairman and Managing Director
University, and a master's
degree from the University of of VE Commercial Vehicles (VECV), a 50-50 joint venture with Volvo Group, within the Eicher Group.
Leeds

Key Business Initiatives Undertaken Sectors Companies Acquisitions

 Siddhartha Lal has been instrumental in transforming Royal
Enfield from a struggling division in 2000 into a global leader in Expansion
the middleweight motorcycle segment

 His focus includes product development, brand positioning, and

global expansion, emphasizing leisure riding and premiumization. R&D
 Lal drives the group’s commercial vehicle business, focusing on
light and medium-duty trucks, buses, and Volvo engines.
Enhancement

 Lal emphasizes sustainability through compliance with emission

standards (e.g., BS-VI norms for motorcycles and trucks) and
investments in electric mobility for both Royal Enfield and VECV. Sustainability
The Excel Group
 Brief about the company
 It was founded in 2006 in Chennai, Tamil Nadu
 It was founded by M Muruganandam and K Deepak
2006 2010 2014 2018 2020s

Founded as Excel Renamed as Excel Established 24+ Became Excel Group of Continued diversification,
Maritime Movers Maritime & Logistics, branches nationwide; Companies, expanding into CSR initiatives through
in Chennai reflecting broader expanded into SE Asia legal, corporate, and EXIM Excel Foundation
operations markets solutions
 Corporate Structure
Holding Company

Maritime Employment infra Energy Travel Trading Manufactur Health Travel

ing
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives M Muruganandam

Chairman

Executive Directors

M Sumathi M Priyadarshini

Non-Executive/
Independent Directors
The Exide Group
 Brief about the company
 It was founded in 1947 in Kolkata, West Bengal
 It was founded by Anand Bhatt
1947 1969 1972 1976 1981 1988 1995 2000-2010 2015 2021

Incorporated as Second factory at Name R&D Centre Third factory at Renamed Became Exide Merged Acquired Kesh King Exide established a
Associated Battery Chinchwad changed to established Haldia Chloride Industries Zandu into (hair and scalp care) subsidiary, Exide
Makers (Eastern) Chloride Indi in Kolkata Industries Limited Emami Ltd for ₹1,684 crores Energy Solutions Ltd
Ltd; first plant at Limited Limited (EESL)
Shamnagar

2025 2022

Exide streamlined into B2B, B2C, Started building a

and international verticals for 12GWh Li-ion cell giga-
sharper strategic focus, enabling factory in Bengaluru,
stronger growth and market with phase 1 (6GWh) to
resilience be operational by end
FY25
 Corporate Structure
Holding Company

Lead acid Lithium Ion Lead Power Others

Batteries Batteries Recycling Solutions
Subsidiary
The Amalgamations
Group
 Brief about the company
 It was founded in 1941 in Chennai, Tamil Nadu
 It was founded by S. Anantharamakrishnan
1941 1947 1955 1960 1962 1994 2007 2014 2016 2022

Amalgamations Established Amco Established Indiapistons- IP Power India Pistons Divested MAHLE Divested Stanadyne LLC
Group officially Addison Paints Batteries acqu Shardlow Repco Cylinder entered joint IPL Ltd back to Stanadyne completed full
born when it took and Chemicals ired India established Systems Ltd venture joint venture Amalgamations to buyout of the
over the 100-year- established with MAHLE partner MAHLE Stanadyne LLC Indian operations
old Simpsons & GmbH GmbH
Co.
 Corporate Structure
Holding Company

Agri Machines Engine and Auto Batteries Trading and Plantations Ancilllary
and Tractors Components Distribution
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives A. Krishnamoorthy

Founder

Mallika Srinivasan
Executive Directors

Non-Executive/
Independent Directors
The Edelweiss Group
 Brief about the company
 It was founded in 1995 in Mumbai, Maharashtra
 It was founded by Rashesh Shah and Venkat Ramaswamy
1995 1996 2000 2004 2005 2007 2008 2010 2011

Edelweiss was Obtained a Raised venture Diversified into Launched IPO and stock Established Acquired Anagram Entered the life
founded in merchant banking capital, acquired insurance advisory, ECL Finance market the EdelGive Capital to strengthen insurance sector by
Mumbai by license, marking Crossborder commodities broking, for NBFC listing; Foundation retail broking forming Edelweiss
Rashesh Shah the official Investments (NBFC), and expanded NBFC activities aspiring to for Tokio Life Insurance
and Venkat commencement and obtained operations grow tenfold philanthrop
Ramaswamy as of operations portfolio manager in ten years. y
Edelweiss Capital and underwriter
Limited licensing 2024 2018

Prepared an IPO for Achieved expansive

Edelweiss presence with 28
Alternative Asset subsidiaries/associates,
Advisors covering credit, insurance,
mutual funds, alternatives,
asset reconstruction
 Corporate Structure
Holding Company

Housing Asset Insurance Broking and

Finance Asset
Management Advisory Reconstruction
Subsidiary
 Leadership
New Generation
Older Generation of Leaders of Leaders

Top Executives Rashesh Shah Venkat Ramaswamy

Founder Founder

Executive Directors

Non-Executive/
Independent Directors