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

 

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