2024-03-29 11:05:16
New Delhi: The controversy in Kalyani Group, one of the richest families of the country, is continuously deepening. His nephew Sameer Hiremath and niece Pallavi Swadi have filed a case against Baba Kalyani, chairman of the group’s flagship company Bharat Forge, seeking a share in the family property. Meanwhile, Kalyani Group is planning to file a defamation case against Sameer Hiremath and Pallavi Swadi. The group says that the allegations leveled against Baba Kalyani are baseless and their aim is to malign her image. Sameer and Pallavi have demanded one ninth share in the total property of the Kalyani family. The market cap of Kalyani Group companies is more than Rs 60,000 crore. In this, the market cap of Bharat Forge is Rs 51,722 crore. A Kalyani Group spokesperson said that it is surprising that the petitioners filed the case in Pune Civil Court on March 20 and improperly handed over a copy of the case to the media earlier. . Its copy was handed over to the media even before the defendants received notice or the case was taken up for hearing in the court. This shows the malicious intention of the petitioners. Their aim is to defame the image of Baba Kalyani, his family and group. As soon as we get notice from the court in this matter, we will present our views in the court. We will also file a defamation case against those who are trying to tarnish our image.
what is the matter
Sameer and Pallavi’s mother Sugandha Hiremath is already having a dispute with her brother Baba Kalyani. This matter is related to the ownership rights of chemical company Hikal. Sameer and Pallavi have said in their petition that after the death of their maternal grandfather, Baba Kalyani is managing the property of the family. But he has not shared any information about the movable and immovable properties of the family. His argument is that the foundation of the group was laid by his great grandfather and his grandfather took it to great heights. Baba Kalyani also expanded the assets of the group and the family.
Kalyani Group spokesperson said, ‘We categorically deny the allegations. We say that the allegations made in the petition are factually incorrect and baseless. The claims made in the petition are not in line with the stand of the petitioner family in other legal proceedings. Padma Bhushan awardee Baba Kalyani, 75, has made significant contributions to the development of the engineering industry in India. Bharat Forge was founded by his father in 1966 but the credit for taking it to great heights goes to Baba Kalyani. This company is among the two leading companies in the world manufacturing auto and aerospace components.