The 27,000 cr market cap auto component giant, Sona Auto empire’s family battle took a new turn with major ancillary industry insiders and suppliers caught on either side of an ugly family divide. The legacy of auto-industry pioneer and the showman of the Auto component industry, the Late Dr Surinder Kapur, is now being battled for. It’s now the battle between brother Sunjay Kapur and his sister Mandhira.
The fight for the brand name ‘Sona’ is getting intensified. Mandhira has assured her distributors and stakeholders that she will “come back stronger and defeat the patriarchal supremacy forced by her brother, Sunjay Kapur on her claim on her father’s legacy.”
The legal battle between siblings Mandira and Sunjay, children of the late Dr Surinder Kapur has just begun and could potentially be lengthy. As per a source close to the Kapur family, Sunjay claims to have exclusive rights to the brand name ‘Sona’, which his father founded, even though he sold family’s complete share to the private equity firm, Blackstone.
As per the company sources, no one has the copyright over the brand name ‘SONA’.
Following the death of Sona Koyo’s founder, Dr. Surinder Kapur, son Sunjay has accused his sister Mandhira of wrongfully using the brand name Sona.
Industry experts are closely observing the situation, with many speculating that the siblings’ feud could have far-reaching implications for the company and the industry as a whole.
However, remains to be seen how the situation will develop in the coming days and what the future holds for SMPL.