Vedanta too big to have a family succession plan’


Vedanta too big to have a family succession plan’

Anil Agarwal, the executive chairman and founder of over $18 billion Vedanta Group, on Tuesday again indicated that her son Agnivesh or daughter Priya may not head the group.

When asked about succession plan, Vedanta chairman said he wants to make it professionally managed corporation like US oil giant Exxon Mobil. Agarwal added that they are free to choose any other profession or may start a new company if they want to do so.

He feels Vedanta is too big to have a typical family succession plan like a smaller company. “Our group is too big. You need to have passion to run it. I built this with passion. They (son and daughter) may not have that passion for this.

But I told them that I shall be their Munimji, and will support them for any initiative of their choice. It could be liberal arts also. Read More

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