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