Kanorias move company ownership to trust

The decision will smoothen succession issues

Kolkata-based Kanorias, the owners of Srei Infrastructure among other business entities, have formulated a holding structure whereby all companies are held by a trust, the Kanoria Foundation, which aims to smoothen succession.  

The trustees of the foundation, inducted in 2014, include Kanoria patriarch H P Kanoria, who is the chairman of the Trust, and his four sons — Hemant, Sanjeev, Sunil and Sujit.  

“We’ve been thinking of it for many years. We were a part of a large joint family. In the mid-80s, we split after my grandfather died. We didn’t want the same thing to happen. We