Kanorias move company ownership to trust

The decision will smoothen succession issues

Namrata Acharya & Ishita Ayan Dutt  |  Kolkata 

Kolkata-based Kanorias, the owners of Srei Infrastructure among other business entities, have formulated a holding structure whereby all companies are held by a trust, the Kanoria Foundation, which aims to smoothen succession.   The trustees of the foundation, inducted in 2014, include Kanoria patriarch H P Kanoria, who is the chairman of the Trust, and his four sons — Hemant, Sanjeev, Sunil and Sujit.   “We’ve been thinking of it for many years. We were a part of a large joint family. In the mid-80s, we split after my grandfather died. We ...

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Kanorias move company ownership to trust

The decision will smoothen succession issues

The decision will smoothen succession issues Kolkata-based Kanorias, the owners of Srei Infrastructure among other business entities, have formulated a holding structure whereby all companies are held by a trust, the Kanoria Foundation, which aims to smoothen succession.   The trustees of the foundation, inducted in 2014, include Kanoria patriarch H P Kanoria, who is the chairman of the Trust, and his four sons — Hemant, Sanjeev, Sunil and Sujit.   “We’ve been thinking of it for many years. We were a part of a large joint family. In the mid-80s, we split after my grandfather died. We ... image
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