 "(L-R) Sujit Kanoria (trustee), Sunil Kanoria (trustee); (seated) Hemant Kanoria (trustee), H P Kanoria (chairman), Sanjeev Kanoria (trustee)")
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
