A family feud within India s Kalyani Group has escalated, with sibling rivalry between Bharat Forge Chairman Baba Kalyani and sister Sugandha Hiremath over control of Hikal. Legal battles, ownership disputes, and boardroom struggles have unfolded, shedding light on the family s complex financial legacy.
Kalyani group feud: Baba Kalyani s nephew, niece move to Pune court for division of assets | Business News indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
Sameer Jai Hiremath and Pallavi Anish Swadi, the nephew and niece of industrialist Baba Kalyani, have filed a petition seeking their share in the Kalyani Hindu undivided family (HUF) properties, including stakes in various listed and private companies held under the Kalyani group, says a report.
Baba Kalyani s reappointment as a director at Hikal is uncertain due to an ownership dispute and his upcoming birthday. His sister, Sugandha Hiremath, who owns 35% of Hikal, is expected to vote against his reappointment. Baba s continuation on the board remains doubtful, which would end his 31-year association with the company.