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