An empire torn apart by acrimony and distrust
They have been successful through thick and thin, but the break ups and controversies in their family has been quite embarassing for the Birlas. The fateful year was 1986 when they finally decided to split the Rs.25 billion worth Birla group (in 1983) into six groups. Then trouble knocked hard at their door in 2004 in the form of the disconcerting billion-dollar hullabaloo surrounding Priyamvada Birla’s (widow of M.P. Birla) will. The will gave an outsider – Rajendra S. Lodha the control over the stakes in several M. P. Birla-owned companies. The Birla clan led by B. K. Birla decided to fight together as ‘one’ against their common enemy. R. S. Lodha’s sudden demise in London last year, but Lodha’s sons are now in the fray. It was highly unfortunate that G. D. Birla’s iconic legacy had to move in this direction.
They have been successful through thick and thin, but the break ups and controversies in their family has been quite embarassing for the Birlas. The fateful year was 1986 when they finally decided to split the Rs.25 billion worth Birla group (in 1983) into six groups. Then trouble knocked hard at their door in 2004 in the form of the disconcerting billion-dollar hullabaloo surrounding Priyamvada Birla’s (widow of M.P. Birla) will. The will gave an outsider – Rajendra S. Lodha the control over the stakes in several M. P. Birla-owned companies. The Birla clan led by B. K. Birla decided to fight together as ‘one’ against their common enemy. R. S. Lodha’s sudden demise in London last year, but Lodha’s sons are now in the fray. It was highly unfortunate that G. D. Birla’s iconic legacy had to move in this direction.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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