Ananya Birla and Aryaman Vikram Birla, children of billionaire Kumar Mangalam Birla, were inducted as directors of Aditya Birla Fashion and Retail on Monday
It's been a harrowing year for Shapoor Mistry. After losing his father and younger brother in the span of three months, the scion of one of the world's richest clans now faces a major business challenge.
In the clearest hint of a succession roadmap, Indian billionaire Mukesh Ambani carved out definite roles for each of his three children at the annual general meeting of his $220bn (£193bn) retail-to-refining conglomerate in August.
Family business is a tradition that goes back several hundred years in India. Family businesses in India have evolved over the decades and centuries, especially blooming after the economy was liberalised. But the journey to stay relevant continues