Ad Here  
Realising double digit growth in Tamil Nadu Hero Motocorp - smooth ride Economic issues take a back seat at G20 summit TII’s single largest investment at Thiruthani ALL to launch electric busses WABCO’s second Chennai plant People Flow Day- Safety Industry-well poised to invest on expansion Chennai to get a roundabout Metro - Research needs more funding SumInfra- corridor based development... TiE applauds innovative entrepreneurs Curbing steel imports will hurt small business... Investor friendly Japan Scoot offers just Rs.13,500 to ANZ... Reality bytes Smart controls for cooling large multi-zone spaces ... European crisis is a global crisis! Dynamic e-commerce scenario Innovation that helped Chennai port Murugappa- a year of consolidation ALL – truck industry is recovering from degrowth Bridging the skill deficit in pharma industry ISRO's 100th mission TN budget pragmatic and moderate on fiscal deficit On the ‘milky’ way Tata Steel commence operations at Kalinganagar Chola MS launches motor app Celebration time at MS Chola Housing Innovation Challenge, 2015 CUB: towards card-less withdrawal Brand leaders come forward... When Centre visits the state Rating of states to be released soon Automotive Vision Plan II... Well-refined – RIL’s refinery margins zoom STFC raises money Climate change may change the way businesses work... Chennai will soon get its World Trade Centre Focus on self-certification and third party inspection Is Indian telecom industry heading for a monopoly? Auto test tracks launched at GARC Oragadam campus An aerospace-defence cluster in Tamil Nadu… Inclusive and forward moving... Business Breif Sun Edison launches solar pumps Veritas Finance- financing the unfinanced Indian Bank – global businesses crosses Rs 3 lakh crore... Changing dynamics in human resource management More gensets and diesel engines from TAFE Steel loses its sheen Placing the right shoe forward... Schwing Stetter India joins hands with US-based Gomaco Illicit markets a concern to growing economy TOP 10 CEO Compensation Waste, a gold mine Celebrating 180 years of relevance Economic, business and social sustainability Need to focus on ease of doing business... OBO Bettermann for better lightning protection Nigeria comes nearer Gem of social service... Blue Star plans a new plant in south Pharma market dozes Durga - India’s largest blast furnace; now operational Applauding enterprise... Indigo stays leader with 40 per cent share TCS’ revenues cross Rs 100,000 crore AirAsia India infuses funds to fight out competition Striking cords for 25 years… Make way for the new and dynamic railways Realty sector takes a break... Apple maps – finding its way The new look- 4s Verna Three more leather clusters… IFCI to raise NCDs upto Rs 2000 crore LVB gears to become a financial supermarket Time to fast-pace the logistics sector Chennai Port is at last decongested! Digital retail transactions stabilise at higher level… Flexible labour laws… Big-ticket investments march towards Punjab Downsizing spree... ALL-two launches in a row A global plastic event in India TII-challenging year with flat growth World labour laws at a glance Backpack laboratory Ridley marathon to India Hyundai excites again Purdue and IIT-M sign the dotted line Nothing to hide... BRICS development bank Holiday Inn opens in OMR Chennai Four daughters and a proud father Airlines wage price war Carrefour’s quick exit Connecting the unconnected An American alliance in the chemical industry? Adding Zest to Scooty Creating Tamil Nadu Banana brand Strategy war escalates between Hero and Honda Towards peace of mind ECGC expands operations Business Briefs Chola MS net crosses 100 crores Secured NCDs from Shriram City Techies trip to India TVS Logistics – another acquisition to sharpen the business model
Four daughters and a proud father

Father of multi speciality hospitals in India, Prathap C Reddy, has gifted the Apollo empire to be largely run by his princesses. The octogenarian, in a management change, brought his four daughters into top controlling positions; altogether they own 34 per cent. At the helm, is still the founder who has hinted at his first daughter, Preetha Reddy to be his heir. She, along with the third daughter, Shobana Kemineni, became executive vice chairpersons from executive directors. Suneeta Reddy and the youngest daughter, Sangita Reddy, are now the managing director and joint managing director respectively.

This management change has already unfolded future plans for the empire: adding 2685 beds across 13 hospitals at a cost of Rs 2400 crore and opening up five cancer and heart speciality hospitals across India. Asia’s largest healthcare group witnessed commendable growth in the last few years. Since 2007 revenue has doubled to over Rs 4000 crore and profits tripled to over Rs 350 crore.

With over half of the employees being women, the group now has over 15 per cent women at top level positions. While the tenure of Shobana as exec-VC is uptill Jan 2015, the others will be in their position until Feb 2016.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236