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Headquartered in Goa, the Rs 2,500 crore Chowgule group has interests in shipping, metals and heavy engineering. The case pertained to alleged siphoning off of a $128 million investment made between 2009 and 2014 for a chemical tanker business.
Goa’s Chowgule Group splits into two following a family settlement
January 14, 2021
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Padma V Chowgule, Chairperson and Managing Director of flagship company, Chowgule & Co, will get control of the mining, pellets, salt, ship-building and educational institutions of the Group
The Chowgule Group, the 104-year-old Goa-based business conglomerate, has split into two following an “amicable” family settlement.
Padma V Chowgule, Chairperson and Managing Director of the legacy flagship company, Chowgule & Co, will get control of the mining, pellets, salt, ship-building and educational institutions of the Group, which has 14 business units.
Padma Chowgule, 65, is the youngest of founder Vishwasrao Chowgule’s five children.